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  • April 27- Precision Drilling Corp, Canada's largest drilling contractor, reported a 76.3 percent drop in quarterly profit as weak oil prices curtailed activity in North America. Calgary- based Precision Drilling said it had 2,200 fewer employees on April 24 than it had at the end of 2014, when its workforce stood at 7,834.. The company's net earnings fell to C $24...

  • VANCOUVER, April 27- Pure-play silver miners, a niche investment market popular with retail investors, are moving up the endangered list. The more leveraged to silver the better... but you have to be able to tolerate the risk, "said David Morgan, founder of the Silver-Investor.com website. According to BMO Capital Markets, large primary silver miners have increased...

  • Enbridge seeks replacement pipeline in Minnesota Sunday, 26 Apr 2015 | 4:28 PM ET

    Enbridge, based in Calgary, Alberta, filed its application with the Minnesota Public Utilities Commission on Friday. The Minnesota segment is part of a $7.5 billion project by Enbridge to build a new 36- inch diameter line from Hardisty, Alberta, to Superior, Wisconsin, where Enbridge has a terminal and connections to pipelines serving the Midwest, Gulf Coast and...

  • April 24- BlackBerry Ltd is considering closing its offices in Sweden, a move that would result in the loss of up to 100 jobs, a company spokesperson told Reuters. "At this time, we are considering the closure of our offices in Sweden. The company's Toronto- listed stock closed little changed at C $12.62 on Friday.

  • CALGARY, Alberta, April 24- TransCanada Corp, whose controversial Keystone XL pipeline project has waited more than six years for U.S. approvals, is asking the Obama administration to approve another pipeline, one that would take American crude oil into Canada. The company, Canada's No. 2 pipeline operator, said it applied on Wednesday for a presidential permit...

  • *Futex HQ based in Woking, suburb outside London. WOKING, Britain, April 24- The British trader accused of sparking market chaos in 2010 cut his teeth in a drab building in a sleepy suburb that highlights how "day traders" dreaming of glory have to first tackle grim offices, zero glamour and high risk. Navinder Singh Sarao- who has been accused by U.S. authorities of...

  • CALGARY, Alberta, April 24- TransCanada Corp, whose controversial Keystone XL pipeline project has waited more than six years for U.S. approvals, is asking the Obama administration to approve another pipeline, one that would take American crude oil into Canada. The company, Canada's No. 2 pipeline operator, said it applied on Wednesday for a presidential permit...

  • ULAN BATOR, April 24- A preliminary examination shows that Jim Doak, a well-known figure in Canada's financial industry who was found dead in his hotel room in Mongolia on Thursday, died of an unspecified illness, local police said on Friday. In a long-awaited decision last month, the international tribunal ordered Mongolia to pay about $100 million to Khan...

  • *Futex HQ based in Woking, suburb outside London. WOKING, Britain, April 24- The British trader accused of sparking market chaos in 2010 cut his teeth in a drab building in a sleepy suburb that highlights how "day traders" dreaming of glory have to first tackle grim offices, zero glamour and high risks. According to former Futex trader Simon Maelzer and comments on...

  • TORONTO, April 23- Khan Resources Inc Chairman Jim Doak, a prominent figure in the Toronto financial industry, was found dead in a hotel room in Mongolia, the Globe and Mail reported on Thursday. Khan Resources took Mongolia to international arbitration four years ago after the government canceled its licenses over the Dornod uranium project in 2009, handing...

  • *Minnesota is second U.S. state to declare emergency over bird flu. *National Guard will be called up if needed- Minnesota governor. CHICAGO, April 23- Minnesota declared a state of emergency on Thursday over a fast-spreading strain of avian flu that has led to the extermination of more than 7.3 million birds in the country.

  • VANCOUVER/ CALGARY, April 23- Canadian regulators had serious concerns the federal government was not consulting enough with aboriginal groups about the Northern Gateway pipeline project, according to internal emails obtained by the Haisla First Nation and released on Thursday. The Enbridge Inc pipeline will move 525,000 barrels of Alberta oil sands...

  • TORONTO, April 23- Ontario's Liberal government trimmed its budget deficit forecasts for the next two years on Thursday as it unveiled a budget that seeks cost cuts in education and healthcare, a move toward austerity that could spark labor unrest across the province. Ontario, Canada's most populous province, which accounts for about 40 percent of the...

  • *Vedanta's Zambia copper unit will still lose money- CEO. LUSAKA, April 23- Barrick Gold Corp, the world's biggest gold producer, said on Thursday it will not suspend operations at its Lumwana open-pit copper mine in Zambia now that the country's government has reduced mining royalties. "We appreciate the leadership and engagement of President Lungu and the...

  • NEW YORK, April 23- The dollar was knocked lower on Thursday by a decline in U.S. new-home sales fanning worries about U.S. economic growth, while the euro rose more than 1 percent on waning fears of a Greek default. "What we have seen so far is a mixed data bag," said Mazen Issa, senior currencies strategist at TD Securities in Toronto. The euro, which has been sliding for...

  • Richard Venn, who joined the Toronto- based company last month after a $500 million buyout by private equity giants Carlyle and Warburg Pincus, hopes to capitalise on its links with the European Central Bank and its new owners' contacts to strengthen its foothold in Europe. DBRS has a market share of just over 1 percent in Europe, where authorities have long been...

  • CALGARY, April 23- Canadian Imperial Bank of Commerce is in talks with several U.S. companies on a potential $2 billion wealth-management and private-banking acquisition, its top executive said in an interview. But Chief Executive Victor Dodig said CIBC, which has been eyeing the U.S. wealth management space for a while, must be patient as such companies don't...

  • OTTAWA, April 23- German car maker Volkswagen AG will get 400 million Euros in trade financing from Canada to help expand its southern U.S. and Mexican operations and thereby generate business for Canadian firms, Ottawa said on Thursday. "With the southern U.S. and Mexico increasingly becoming prime production locations for global automakers, EDC has a role to...

  • *New Potash Corp nominees suggest a deal has been struck. SANTIAGO, April 22- Chile's SQM, the world's biggest producer of key battery ingredient lithium, will get a new board on Friday minus the man who has led it for nearly three decades, as the scandal-plagued company moves to reassure investors about its corporate governance. The scandal has convulsed the...

  • DIARY- Top Economic Events to May 5 Wednesday, 22 Apr 2015 | 8:01 PM ET

    WASHINGTON- The Atlantic holds summit on the economy. WASHINGTON- Senate Finance Committee holds hearing on nominations of Anne Elizabeth Wall to be a deputy undersecretary of the Treasury and Brodi Fontenot to be chief financial officer, U.S. Department of the Treasury- 1800 GMT. RIGA- Germany's Bundesbank board member Andreas Dombret speech on developing...