Business Canada

  • CANNON BALL, N.D., Dec 3- In North Dakota, winter is most definitely coming. Rather than retreat amidst the cold and an order from the U.S. Army Corps of Engineers to vacate by Monday, the Oceti Sakowin camp, the epicenter of pipeline opposition, is growing in size- and quickly winterizing in expectation of harsher weather. Yurts, a round tent popular in the cold tundra of...

  • *Loonie touches its strongest since Oct. 21 at C $1.3254. TORONTO, Dec 2- The Canadian dollar notched a six-week high against its U.S. counterpart on Friday as domestic jobs rose for the fourth straight month and oil climbed, sustaining strength since OPEC's decision midweek to cut crude output. "Everything went well for the Canadian dollar this week," said Adam...

  • OTTAWA, Dec 2- The Canadian economy added 10,700 jobs in November and the jobless rate fell to 6.8 percent, but the strength was undermined by signs of deterioration in job quality and in Canada's long-suffering resource sector. The rise in employment bucked analysts' forecasts for a loss of 20,000 jobs after two months of growth and reinforced expectations...

  • OTTAWA, Dec 2- The Canadian economy added 10,700 jobs in November and the jobless rate fell to 6.8 percent, a performance analysts said was strong enough to ensure the Bank of Canada would keep interest rates unchanged next week. "The fact that overall employment managed another respectable gain and the unemployment rate actually declined for a change is at...

  • OTTAWA, Dec 2- The labor productivity of Canadian businesses in the third quarter of 2016 jumped by 1.2 percent as the economy bounced back after the damage caused by a major wildfire in Alberta in May, Statistics Canada said on Friday. Economists polled by Reuters had forecast a gain of 1.0 percent from the second quarter. Revised Statscan data showed...

  • MONTREAL _ National Bank of Canada on Friday reported fiscal fourth-quarter profit of $220.4 million. The bank, based in Montreal, said it had earnings of 59 cents per share. National Bank of Canada shares have increased 31 percent since the beginning of the year.

  • *Blackstone, KKR and Carlyle among bidders-Money Today. SEOUL, Dec 2- SK Holdings Co said it submitted a non-binding bid to buy South Korea's second-biggest producer of industrial gases that has been put up for sale by Goldman Sachs and others, in a deal a source said could be valued at around $2 billion. SK Holdings, a conglomerate holding company, made the...

  • SINGAPORE, Dec 2- Singapore's central bank imposed penalties on the local units of U.K.- based Standard Chartered and private bank Coutts for money laundering breaches related to Malaysia's scandal-tainted 1 MDB fund and said it was nearing the end of its probes. The Monetary Authority of Singapore is also in the process of issuing a prohibition order against...

  • VANCOUVER, British Columbia _ CIBT Education Group Inc. on Thursday reported a fiscal fourth-quarter loss of $790,000, after reporting a profit in the same period a year earlier. The Vancouver, British Columbia- based company said it had a loss of 1 cent per share. For the year, the company reported profit of $2.9 million, or 4 cents per share.

  • TORONTO, Dec 1- Canada's main stock index fell on Thursday, pulling back from an earlier near 18- month high as a jump in bond yields pressured defensive stocks, offsetting further gains for energy shares as oil rallied. Investors may be "beginning to think that there is a limit to how high the stock market can continue going up if bond rates also continue to go up," said...

  • WINNIPEG, Manitoba, Dec 1- Some Canadian flower growers are turning to weed, with the country's plan to legalize marijuana for recreational use expected to spur a spike in legal sales of the drug. While medical marijuana is already legal in Canada, the Liberal government said in April it will introduce a law in 2017 to support expanded legalization, a policy...

  • MONTREAL/ NEW YORK, Dec 1- Delta Air Lines Inc pilots on Thursday agreed to a new contract that delivers a 30 percent pay raise by 2019, as the aviation industry deals with mounting demand for higher wages to fly planes at a time of big profits. The new contract, backed by 82 percent of pilots at the No. 2 U.S. airline by traffic who voted on ratification, keeps existing...

  • LONDON, Dec 1- The British government will start official divorce proceedings from the European Union early next year, according a Reuters poll of foreign exchange strategists, who also said sterling's slide since June's Brexit referendum is not yet over. Following Britain's decision to leave the EU, Prime Minister Theresa May said she intends to trigger...

  • FALL RIVER, Mass.— The University of Massachusetts-Dartmouth and Canada's province of Nova Scotia are teaming up to develop new marine technology. UMass-Dartmouth and Nova Scotia Premier Stephen O'Neil signed a memorandum of understanding. Wednesday's agreement creates a partnership between UMass-Dartmouth's new Center for Innovation and...

  • TORONTO _ The Toronto-Dominion Bank on Thursday reported fiscal fourth-quarter earnings of $1.73 billion. The bank, based in Toronto, said it had earnings of 92 cents per share. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 91 cents per share.

  • TORONTO _ Canadian Imperial Bank of Commerce on Thursday reported fiscal fourth-quarter net income of $706.9 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.84 per share. Canadian Imperial Bank shares have risen 19 percent since the beginning of the year.

  • New government data shows foreign ownership is only a small factor behind the high prices, Canada Mortgage and Housing Corp Chief Executive Evan Siddall said in a speech at the Greater Vancouver Chamber of Commerce. But that may be a case more of perception than reality, Siddall told an audience in Vancouver. The housing agency said in a report on Wednesday that...

  • OTTAWA, Nov 30- Despite open signs of nervousness among legislators, Canada's ruling Liberals bet they can survive the political damage caused by allowing a pipeline to be built from the Alberta oil sands to the Pacific coast. Prime Minister Justin Trudeau on Tuesday approved Kinder Morgan Inc's plan to lay a second pipeline along the route of its existing...

  • TORONTO, Nov 30- A surge in shares of Canadian energy companies pushed the country's main stock index to a near 18- month intraday high on Wednesday as major crude producers reached a deal to curb production. The energy group, which accounts for one-fifth of the Toronto Stock Exchange's S&P/TSX composite index, jumped 7.9 percent as crude prices soared.

  • New government data shows foreign ownership is only a small factor behind the high prices, Canada Mortgage and Housing Corp Chief Executive Evan Siddall said in a speech at the Greater Vancouver Chamber of Commerce. The housing agency said in a report on Wednesday that foreign ownership of Canadian condominiums dropped in 2016 after the introduction of a...