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  • TORONTO, Feb 2- Canada's main stock index fell on Tuesday, with financial and energy stocks weighing as crude oil prices dropped on renewed concern about oversupply. "We're still captive to the oil markets," said Ian Nakamoto, director of research at MacDougall, MacDougall& MacTier. The most influential movers on the index included its biggest bank by market...

  • Shares of the world's largest publicly traded oil company fell as much as 3.6 percent on the New York Stock Exchange as the price of crude slid 4.2 percent. "We have built this business to ensure that it is durable in a low price environment," Jeff Woodbury, Exxon's head of investor relations, told analysts on a conference call. Oil analyst Brian Youngberg at Edward...

  • Oil has fallen from $107 to around $30 in the past 19 months. Furious production by the U.S. and OPEC led to an oversupply. In a recent research note, Goldman Sachs predicted "the path to a rebalanced market will be protracted and arduous."

  • A congressional review of more than 300,000 pages from Turing Pharmaceuticals and Valeant Pharmaceuticals reveals how executives planned to maximize profits while fending off negative publicity over the price hikes. Elijah Cummings, D- Maryland, released the information Tuesday ahead of a hearing Thursday to examine exorbitant price spikes.

  • Imperial Oil posts 4Q profit Tuesday, 2 Feb 2016 | 8:25 AM ET

    CALGARY, Alberta _ Imperial Oil Ltd. on Tuesday reported fourth-quarter profit of $76.4 million. Imperial Oil shares have fallen almost 8 percent since the beginning of the year. Keywords: Imperial Oil, Earnings Report.

  • TORONTO, Feb 1- Tanking fertilizer prices have worsened the economic and budget outlook for the Canadian province of Saskatchewan, where the oil shock has already stalled growth, pushed the government into deficit and caused its bonds to underperform. Saskatchewan may have seen no growth, at best, in 2015, economists said, and given the latest potash news, this...

  • WASHINGTON, Feb 1- U.S. manufacturing activity contracted in January for a fourth straight month as factories grappled with a strong dollar and lower oil prices forced energy firms to further cut spending, but the pace of the decline appeared to be slowing. There are still some dark clouds hovering over the first quarter and we hope consumers will return as...

  • Feb 1- Canada's Amaya Inc, operator of online gambling website PokerStars, said it received a non-binding proposal from Chief Executive David Baazov to buy the company for about C $21 per share. Based on Amaya's basic share count, the proposed offer values the company at about C $2.8 billion, representing a premium of about 40 percent to its Friday close on the...

  • TORONTO, Jan 29- Canada's main stock index jumped on Friday as investors cheered the Bank of Japan's bold move to stimulate growth, while rising oil prices and an accommodative royalty update in Alberta boosted energy stocks. The Toronto Stock Exchange's S&P/TSX composite index ended up 230.20 points, or 1.83 percent, at 12,822.13. The energy sector gained 1.3...

  • CALGARY, Jan 29- Alberta's left-leaning government unveiled a new energy royalty framework on Friday that left rates unchanged on existing oil wells and oil sands projects, alleviating fears that costs would rise to punishing levels amid the worst crude price slump in decades. Alberta Premier Rachel Notley noted the province's position in the global market...

  • Cardero reports 4Q loss Friday, 29 Jan 2016 | 4:07 PM ET

    VANCOUVER, British Columbia _ Cardero Resource Corp. on Friday reported a loss of $1.9 million in its fiscal fourth quarter. On a per-share basis, the Vancouver, British Columbia- based company said it had a loss of 10 cents. For the year, the company reported that its loss narrowed to $9 million, or 72 cents per share.

  • OTTAWA, Jan 29- Canadian economic growth edged up in November on an increase in oil and gas extraction, as well as greater wholesale and retail trade but the modest improvement still pointed to a fourth quarter that was likely weak at best. Andrew Kelvin, senior rates strategist at TD Securities, said Friday's figure likely puts quarterly growth around zero, which...

  • Jan 29- Hydro One Ltd, Ontario's largest electric utility said it will buy an electricity transmission business from Brookfield Infrastructure for C $222 million. Hydro One began trading on the Toronto Stock Exchange in November after its initial public offering, one of the largest in Canadian history. Hydro One's shares were mostly flat at C $22.45 in morning...

  • *U.S. fourth-quarter GDP forecast rising at a 0.8 percent rate. WASHINGTON, Jan 29- U.S. economic growth likely braked sharply in the fourth quarter as businesses doubled down on efforts to reduce an inventory glut and unseasonably mild weather cut into consumer spending on utilities and apparel. Nevertheless, the U.S. Commerce Department's advance...

  • DIARY-Top Economic Events to Feb 11 Thursday, 28 Jan 2016 | 7:01 PM ET

    SAN FRANCISCO- Federal Reserve Bank of San Francisco President John Williams participates in panel before the Commonwealth Club, Bank of America Merrill Lynch Walter E. Hoadley Annual Economic Forecast event- 2030 GMT. PRAGUE- European Commission Vice President Valdis Dombrovskis, Slovak Finance Minister Peter Kazimir, Czech central bank Governor...

  • The dollar's slide means Canadian start-ups also face tougher competition for staff from the local divisions of deep-pocketed U.S. players such as Google, which have set up in technology hubs like the Kitchener-Waterloo region of Ontario. "The biggest thing that all of these companies face is a war for talent," said John Ruffolo, whose OMERS Ventures backs a...

  • Canada tech execs says weak C$ toughens talent hunt Thursday, 28 Jan 2016 | 4:43 PM ET

    The dollar's slide means Canadian start-ups also face tougher competition for staff from the local divisions of deep-pocketed U.S. players such as Google, which have set up in technology hubs like the Kitchener-Waterloo region of Ontario. "The biggest thing that all of these companies face is a war for talent," said John Ruffolo, whose OMERS Ventures backs a...

  • TORONTO, Jan 28- The Canadian arm of mining giant BHP Billiton has signed a letter of intent to help fund exploration at Aston Bay Holdings Ltd's Storm copper project, Aston Bay said on Thursday. Under terms of the preliminary deal, BHP could earn a 75 percent interest in Storm, located in Canada's far north territory of Nunavut, if it spends a minimum of C $40 million...

  • PARIS, Jan 28- Airbus on Thursday signed a deal to sell Iran 118 passenger planes worth at least $25 billion at list prices in an agreement much talked about in the industry since Western sanctions were lifted against Tehran this year. The planemaker said the deal, signed amid a raft of others during a visit by President Hassan Rouhani, was conditional on getting...

  • NEW YORK— When workers say they hate their jobs or their bosses are abusive, people wonder: Why don't you quit? It can happen at any company. "If you're depressed and down in general, and you're in a very negative place, it's very hard to launch a job search," says Belinda Plutz, owner of Career Mentors, a consultancy based in New York.