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Business Canada

  • OTTAWA, May 27- Canada's official opposition Conservative Party is set to elect a new leader on Saturday, seeking to regroup and rebrand as it gears up for the 2019 election race against Prime Minister Justin Trudeau's still-popular Liberals. "The challenge will be to attack Justin Trudeau's weaknesses, but also to bring Conservatives who have left the party...

  • TAORMINA, Sicily— The Latest on Group of Seven summit:. The tensions took place when anarchists, communists and other anti-global protesters held a demonstration after the Group of Seven summit in Taormina, Sicily. After a two-day summit in Italy, French President Emmanuel Macron had warm words for Donald Trump, despite the fact the U.S. president did not join in...

  • TAORMINA, Sicily— Seven wealthy democracies ended their summit Saturday in Italy without unanimous agreement on climate change, as the Trump administration plans to take more time to say whether the U.S. is going to remain in the Paris accord on limiting greenhouse gas emissions. "is in the process of reviewing its policies on climate change and on the Paris...

  • TORONTO, May 26- The Toronto Stock Exchange's efforts to win a slice of the massive Saudi Aramco public listing plays up the country's deep experience in natural resources as part of a broader offer to help the kingdom with its shift away from oil dependence. One source directly involved in the Canadian pitch told Reuters they are focused on convincing the...

  • ANCHORAGE, Alaska— President Donald Trump's plan to help balance the federal budget features a new attempt to open the coastal plain of Alaska's Arctic National Wildlife Refuge to petroleum drilling. The refuge covers 2,300 square miles, an area the size of West Virginia and Connecticut combined in Alaska's northeast corner. Congress in 1980 expanded it and...

  • *VIENNA- Austrian National Bank Governor Ewald Nowotny to speak at a macro-economics conference. BRUSSELS- ECB President Mario Draghi speaks at the European Parliament in Brussels. VIENNA- Austrian National Bank Governor Ewald Nowotnty to speak on a panel about Marshall plan- 1600 GMT.

  • *VIENNA- Austrian National Bank Governor Ewald Nowotny to speak at a macro-economics conference. BRUSSELS- ECB President Mario Draghi speaks at the European Parliament in Brussels. VIENNA- Austrian National Bank Governor Ewald Nowotnty to speak on a panel about Marshall plan- 1600 GMT.

  • OTTAWA, Ontario _ DragonWave Inc. on Friday reported a loss of $3.9 million in its fiscal fourth quarter. On a per-share basis, the Ottawa, Ontario- based company said it had a loss of 60 cents. For the year, the company reported that its loss narrowed to $15.9 million, or $3.26 per share.

  • CALGARY, Alberta, May 26- Ratings agency Standard& Poor's downgraded the Canadian crude-producing province of Alberta two notches to' A+' from' AA' on Friday, citing high budget deficits and growing levels of debt as the province struggles with depressed global oil prices. Alberta is home to Canada's vast oil sands but has been hammered by the 50 percent drop in crude...

  • *Canadian dollar at C $1.3460, or 74.29 U.S. cents. Oil is one of Canada's major exports. Speculators increased net short positions in the Canadian dollar to 99,109 contracts as of May 23 from 98,000 a week earlier, data from the Commodity Futures Trading Commission and Reuters calculations showed.

  • BURLINGTON, Ontario _ Pelangio Exploration Inc. on Friday reported first-quarter net income of $60,000. The Burlington, Ontario- based company said it had net income of less than 1 cent on a per-share basis. This story was generated by Automated Insights using data from Zacks Investment Research.

  • CALGARY, Alberta, May 26- Ratings agency Standard& Poor's downgraded the Canadian crude-producing province of Alberta two notches to A+ from AA on Friday, citing high budget deficits and growing levels of debt as the province struggles with depressed global oil prices. Alberta is home to Canada's vast oil sands but has been hammered by the 50 percent drop in crude...

  • TORONTO, May 26- The Toronto Stock Exchange's efforts to win a slice of the massive Saudi Aramco public listing plays up the country's deep experience in natural resources as part of a broader offer to help the kingdom with its shift away from oil dependence. One source directly involved in the Canadian pitch told Reuters they are focused on convincing the...

  • Future generations are on course to become enveloped in the biggest pension crisis in history, according to the World Economic Forum (WEF).

  • May 25- Kinder Morgan Inc has made a final investment decision on its Trans Mountain pipeline expansion, contingent on the successful public offering of its Canadian division, the company said on Thursday as it acknowledges the political uncertainty weighing on the project. An election this month in the Canadian province of British Columbia, through which...

  • FRIDAY, MAY 26 MONTREUX, Switzerland- ECB Board Member Benoit Ceure participates in 24th Reunion of the Governors des Banques Centrales des Pays Francophones Organized by the Swiss National Bank- 2000 GMT. TOKYO- Bank of Japan Governor Haruhiko Kuroda speaks at the 2017 Spring Annual Meeting of the Japan Society of Monetary Economics. BRUSSELS- ECB President...

  • FRIDAY, MAY 26 MONTREUX, Switzerland- ECB Board Member Benoit Ceure participates in 24th Reunion of the Governors des Banques Centrales des Pays Francophones Organized by the Swiss National Bank- 2000 GMT. TOKYO- Bank of Japan Governor Haruhiko Kuroda speaks at the 2017 Spring Annual Meeting of the Japan Society of Monetary Economics. BRUSSELS- ECB President...

  • VANCOUVER, British Columbia _ Silvercorp Metals Inc. on Thursday reported fiscal fourth-quarter net income of $13.5 million, after reporting a loss in the same period a year earlier. The Vancouver, British Columbia- based company said it had profit of 8 cents per share. For the year, the company reported profit of $43.7 million, or 25 cents per share.

  • TORONTO, May 25- Distributed ledger technology, a new approach for processing transactions that is being widely tested across the financial industry, is not yet mature enough to run a national interbank payment settlement system, the Bank of Canada said on Thursday. The bank reached that conclusion after a closely watched year-long trial code-named " Jasper,"...

  • CALGARY, Alberta, May 25- Alberta oil and gas land sales have reached levels not seen since 2014 thanks to a rush to buy land in an oil-rich pocket of the Duvernay shale play that was until recently written off as being uneconomic. To be sure, exploration in the East Shale Basin is in its infancy, spurred on by improving fracking technology, and geologists are still...