×

Business Canada

  • TORONTO _ Canadian Imperial Bank of Commerce on Thursday reported fiscal second-quarter net income of $785.3 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.87 per share. Canadian Imperial Bank shares have dropped nearly 3 percent since the beginning of the year.

  • May 25- Ford Motor Co and General Motors Co are spending about the same on engineering, research and development, but GM is bringing more new and redesigned models to market through 2020, according to two sources familiar with the companies' plans. Following is a year-by-year rundown of new U.S. models that analysts expect to see from Ford and GM.

  • TOKYO- Federal Reserve Bank of St. Louis President James Bullard gives presentation on the U.S. economy and monetary policy at Keio University- 0200 GMT. WASHINGTON- Federal Reserve Board Governor Lael Brainard speaks on "Global Economic Issues" before panel at the "Voices of Experience: A Conversation with Former Treasury Under Secretaries for International...

  • TOKYO- Federal Reserve Bank of St. Louis President James Bullard gives presentation on the U.S. economy and monetary policy at Keio University- 0200 GMT. WASHINGTON- Federal Reserve Board Governor Lael Brainard speaks on "Global Economic Issues" before panel at the "Voices of Experience: A Conversation with Former Treasury Under Secretaries for International...

  • VANCOUVER, British Columbia _ Ico Therapeutics Inc. on Wednesday reported a loss of $288,000 in its first quarter. The Vancouver, British Columbia- based company said it had a loss of less than 1 cent on a per-share basis. Keywords: Ico Therapeutics, Earnings Report.

  • WINNIPEG, Manitoba _ Medicure Inc. on Wednesday reported a first-quarter loss of $3.8 million, after reporting a profit in the same period a year earlier. The Winnipeg, Manitoba- based company said it had a loss of 25 cents per share. Medicure shares have dropped 33 percent since the beginning of the year.

  • TORONTO/ CALGARY, Alberta, May 24- U.S. pipeline company Kinder Morgan Inc has priced its Canadian initial public offering at C $17 per share, according to a term sheet of the deal seen by Reuters on Wednesday. The move comes during a period of political uncertainty in British Columbia, with election results in the province expected to weigh on Kinder Morgan's Trans...

  • TORONTO, May 24- Canada's main stock index lost ground on Wednesday, weighed by a sharp fall in shares of Bank of Montreal after it reported disappointing earnings, with investors also shying away from other major banks ahead of their quarterly results. "That took the financials down" on fears that other big banks might also release less rosy earnings, said Paul...

  • VANCOUVER, British Columbia _ Fortuna Silver Mines Inc. on Wednesday reported first-quarter profit of $13 million. The Vancouver, British Columbia- based company said it had profit of 8 cents per share. Keywords: Fortuna Silver Mines, Earnings Report.

  • CALGARY, Alberta, May 24- U.S. pipeline company Kinder Morgan Inc has priced its Canadian initial public offering at C $17 per share, according to a term sheet of the deal seen by Reuters on Wednesday. Kinder Morgan has been looking to raise capital to fund a project to expand its Trans Mountain pipeline. The move comes during a period of political uncertainty in...

  • CHICAGO, May 24- Commodity trader Glencore Plc's confirmation on Tuesday that it sought a tie up with grains trader Bunge Ltd likely signals the start of a wave of consolidation and partnering in the industry, as middlemen struggle to make profits amid a massive global food glut. Bunge and other top grains traders-- who make money by buying, selling, storing,...

  • *Loonie touches its strongest since April 24 at C $1.3430. TORONTO, May 24- Canada's dollar strengthened to a one-month high against its U.S. counterpart on Wednesday after the Bank of Canada was more upbeat about the economy than some investors expected and as major oil producers looked set to possibly extend production cuts. "It's probably a bit more positive...

  • OTTAWA, May 24- The Bank of Canada held interest rates steady on Wednesday, as expected, saying that while economic growth was likely to moderate in the second quarter, government measures to rein in the housing market have not yet had a substantial effect. They used to talk about material excess capacity and now they just talk about excess capacity, "said Doug...

  • TORONTO, May 24- Champion Iron Ltd is thinking small with its plans to bring Quebec's giant Bloom Lake iron ore mine back to life. The recovery sparked signs of life for a handful of hibernating miners in Canada's metal-rich Labrador Trough, straddling the provinces of Quebec and Newfoundland and Labrador, including Champion, Alderon Iron.

  • CHICAGO, May 24- Commodity trader Glencore Plc's confirmation on Tuesday that it sought a tie up with grains trader Bunge Ltd likely signals the start of a wave of consolidation and partnering in the industry, as middlemen struggle to make profits amid a massive global food glut. Bunge and other top grains traders-- who make money by buying, selling, storing,...

  • SINGAPORE, May 24- Chicago soybean futures slid for a second session on Wednesday while corn edged up after closing lower the previous day, with easing concerns over planting delays in the U.S. grain belt adding pressure to grains markets. The Chicago Board Of Trade most-active soybean contract lost 0.4 percent to $9.44-1/ 2 a bushel by 0322 GMT, having closed down...

  • **LONDON- European Central Bank to publish Financial Stability Report- 2100 GMT. MADRID- European Central Bank President Mario Draghi speaks at First Conference on Financial Stability- 1345 GMT. TORONTO- Federal Reserve Bank of Dallas President Robert Kaplan participates in a moderated question-and-answer session before the C.D.

  • **LONDON- European Central Bank to publish Financial Stability Report- 2100 GMT. MADRID- European Central Bank President Mario Draghi speaks at First Conference on Financial Stability- 1345 GMT. TORONTO- Federal Reserve Bank of Dallas President Robert Kaplan participates in a moderated question-and-answer session before the C.D.

  • *Wall Street rises as Trump federal budget plan released. NEW YORK, May 23- Wall Street rose on Tuesday as investors were relieved by the release of President Donald Trump's budget proposal and oil prices inched up in spite of a White House proposal to sell half the country's petroleum reserves. "People will keep an eye on any sort of indication of corporate tax...

  • TORONTO/ NEW YORK, May 23- Royal Dutch Shell Plc has decided to offload a roughly C $4.1 billion stake in Canadian Natural Resources Ltd that it acquired as part of a deal to retreat from Canada's oil sands earlier this year, people familiar with the situation told Reuters. As part of the transaction, Shell acquired about 98 million Canadian Natural shares, or about...