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Business Canada

  • LAUNCESTON, Australia, July 27- The shifting dynamics of the liquefied natural gas industry have been neatly encapsulated by two recent decisions: the scrapping of a major new development and the expansion of an existing large-scale project. Malaysia's state-owned Petronas announced this week it was cancelling its $29 billion Pacific Northwest LNG...

  • CALGARY, Alberta _ Suncor Energy Inc. on Wednesday reported second-quarter net income of $323.3 million, after reporting a loss in the same period a year earlier. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share. Suncor Energy shares have fallen almost 4 percent since the beginning of the year.

  • TOKYO- Bank of Japan to release summary of opinions from board members at July 19-20 policy meeting 2350 GMT. OAKDALE, Minneapolis- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in a moderated question-and-answer session before a Woodbury Area/ St. Paul Chamber of Commerce event- 1720 GMT. FRANKFURT- ECB Governing Council meeting.

  • TOKYO- Bank of Japan to release summary of opinions from board members at July 19-20 policy meeting 2350 GMT. OAKDALE, Minneapolis- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in a moderated question-and-answer session before a Woodbury Area/ St. Paul Chamber of Commerce event- 1720 GMT. FRANKFURT- ECB Governing Council meeting.

  • TORONTO _ New Gold Inc. on Wednesday reported second-quarter net income of $23.1 million, after reporting a loss in the same period a year earlier. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 2 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • BRASILIA/ RIO DE JANEIRO, July 26- Mining reforms decreed by Brazilian President Michel Temer are likely to pass Congress, a legislative leader told Reuters on Wednesday, despite opposition from an industry trade group. The mining reforms must be approved by Congress within 90 days to take permanent effect. Deputies were unlikely to oppose the measures since 65...

  • VANCOUVER, British Columbia _ Goldcorp Inc. on Wednesday reported second-quarter net income of $135 million, after reporting a loss in the same period a year earlier. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share. Goldcorp shares have risen slightly more than 1 percent since the beginning...

  • TORONTO _ Agnico Eagle Mines Ltd. on Wednesday reported second-quarter profit of $61.9 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • VANCOUVER, July 26- Canadian gold producer Goldcorp Inc reported better-than-expected earnings on Wednesday and lowered its forecast for costs this year, while also announcing that its chief financial officer, Russell Ball, would leave the company. Goldcorp, which is the world's fourth-biggest gold producer by market value, reported net earnings of $135...

  • TORONTO _ Barrick Gold Corp. on Wednesday reported second-quarter profit of $1.08 billion. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share. Barrick Gold shares have climbed nearly 2 percent since the beginning of the year.

  • July 26- A panel of independent advisers to the U.S. Food and Drug Administration overwhelmingly concluded on Wednesday that there is not enough evidence to support approval of Intellipharmaceutics International Inc's long-acting opioid painkiller. Toronto- based Intellipharma's painkiller, Rexista, is designed as a unique abuse-deterrent version of...

  • Acacia, of which Barrick owns 63.9 percent, is caught up in sweeping changes to Tanzania's mining industry spearheaded by President John Magufuli, who believes the East African country is not getting its fair share of profits from the sector. Barrick's chairman John Thornton met Tanzania's president in mid-June and they agreed to hold discussions to resolve...

  • MEXICO CITY, July 26- Vista Oil& Gas, with backing from private equity firm Riverstone Capital, will launch an initial public offering on Mexico's stock exchange on Aug. 11, according to three sources with knowledge of the deal and a document seen by Reuters. The Vista debut, the first special purpose acquisition vehicle in Mexico, plans to raise at least $500 million...

  • July 26- Barrick Gold Corp, the world's largest gold miner by production, reported better-than-expected second-quarter earnings on Wednesday and said it would begin discussions with the government of Tanzania next week about an export ban. Toronto- based Barrick said adjusted net earnings rose to $261 million, or 22 cents a share, from $158 million, or 14 cents a...

  • MISSISSAUGA, Ontario _ Imax Corp. on Wednesday reported a second-quarter loss of $1.7 million, after reporting a profit in the same period a year earlier. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share. Imax shares have declined 30 percent since the beginning of the year.

  • Panelists voted overwhelmingly against approving Intellipharmaceutics International's generic version of extended-release Oxycontin, a key drug in the U.S. opioid addiction epidemic. The FDA usually follows its advisers' advice. But the FDA advisers, a combined group of drug safety and pain management experts, voted 22-1 against recommending the FDA...

  • The Toronto- based miner said net earnings for the quarter ended June 30 surged to $1.08 billion, or 93 cents a share, from net profit of $138 million, or 12 cents a share in the three-month period a year ago.

  • July 26- A panel of independent advisers to the U.S. Food and Drug Administration concluded on Wednesday that there is not enough evidence to support the approval of Intellipharmaceutics International Inc's long-acting opioid painkiller. Toronto- based Intellipharma's painkiller has been developed as a unique abuse-deterrent version of Purdue...

  • *Dollar dips after Fed statement. *U.S. companies report more upbeat earnings. NEW YORK, July 26- The dollar turned lower while U.S. stocks stayed higher on Wednesday after the Federal Reserve signaled it could begin to cut its massive bond portfolio "relatively soon."

  • OTTAWA, July 26- The hot Vancouver housing market is showing signs it is becoming overheated, while Toronto continues to display strong evidence that home prices are overvalued, Canada's federal housing agency said on Wednesday. The housing agency said there were moderate signs of overheating in Vancouver, up from a rating of weak in its last report, as town...