TD Bank chief economist Don Drummond to retire in June
March 11, 2010 - 3:18 pm
TORONTO - TD Bank chief economist Don Drummond plans to retire at the end of June. The prominent economic forecaster will be succeeded by TD's deputy chief economist, Craig Alexander, and Drummond will continue to work as an adviser to TD Bank (TSX:TD). Drummond, 56, said he always ...
Ballard en route to growth as interest in fuel cell technology heats up
March 11, 2010 - 3:17 pm
Ballard Power Systems is in a strong position for growth this year as the international community becomes increasingly interested in the role fuel cells play in a clean-energy future, company officials said Thursday. President and CEO John Sheridan said the company is uniquely positioned ...
Americans' net worth grows at end of last year but still well below pre-recession peak
March 11, 2010 - 3:16 pm
WASHINGTON - Americans regained more of their shrunken wealth last quarter, mainly because the healing U.S. economy boosted stock portfolios. But the gain was less than in the previous two quarters. The U.S. Federal Reserve reported Thursday that household net worth rose 1.3 per cent in ...
No profit guarantee for N.S. in TrentonWorks deal with Daewoo, premier says
March 11, 2010 - 3:16 pm
HALIFAX, N.S. - Nova Scotia Premier Darrell Dexter has revealed there is no guarantee that any potential profits from a wind turbine manufacturing plant will flow into government coffers despite a 49 per cent equity stake funded by taxpayers. Dexter says the decision on what to do with any ...
Cominar REIT's Q4 rise 36.5 per cent to $8.4 million
March 11, 2010 - 3:15 pm
QUEBEC - The largest commercial property owner in Quebec, Cominar Real Estate Investment Trust (TSX:CUF.UN), had a $8.4-million profit in the fourth quarter. The net income for the three months ended Dec. 31 amounted to 15 cents per unit - up from 13 cents or $6.1 million a year ...
Power Financial Corp. posts $340M Q4 profit; reverses year-ago loss
March 11, 2010 - 1:52 pm
MONTREAL - Power Financial Corp., whose subsidiaries include Great-West Lifeco Inc. (TSX:GWO) and IGM Financial Inc. (TSX:IGM), reported a big improvement in fourth-quarter earnings Thursday despite an overall decline in revenue. The Montreal-based holding company (TSX:PWF) said net ...
Crescent Point posts fourth-quarter loss on hedging losses
March 11, 2010 - 1:21 pm
CALGARY - Crescent Point Energy Corp. (TSX:CPG), an oil and gas producer, reported a fourth-quarter loss of $4 million compared to a profit of $361 million in the same quarter of 2008, its results affected by losses this year and gains in the last due to its hedging program. The loss ...
Kinross takeover offer values Underworld Resources at $139.2 million
March 11, 2010 - 1:21 pm
TORONTO - Kinross Gold Corp. (TSX:K) is offering to pay a premium to buy the rest of Underworld Resources Inc. (TSXV:UW) in a stock-and-cash deal that values the junior mining company at $139.2 million. Kinross, which is one of Canada's largest gold producers, already owns 8.5 per cent of ...
Energy industry awaits changes to Alberta's oil and gas royalty regime
March 11, 2010 - 1:20 pm
CALGARY - A major U.S. energy producer says any changes to Alberta's royalty structure will probably shake out well for its business in Canada. Energy Minister Ron Liepert will announce changes today to the oil-rich province's royalties, the fees it charges companies hauling oil and gas ...
Transat stock hammered after Q1 loss turns out to be deeper than expected
March 11, 2010 - 12:38 am
MONTREAL - Transat A.T. Inc. shares plunged Thursday after the Montreal-based vacation company reported its revenue last quarter was down nearly 10 per cent from a year earlier and revealed that its costs fell less than analysts expected. Transat's B shares (TSX:TRZ.B) were down $5.28 to ...
Stocks little changed as investors continue to digest last week's big advance
March 11, 2010 - 12:37 am
TORONTO - The Toronto stock market was little changed late Thursday morning as tech stocks provided lift and commodity stocks recovered from early declines sparked by higher Chinese inflation data. The S&P/TSX composite index was down a fifth of a point to 11,960.9 and the Canadian ...
HSBC says data on Swiss bank accounts of 24,000 stolen, exposing to tax probes
March 11, 2010 - 11:53 am
GENEVA - Information on 24,000 HSBC customers with Swiss accounts has been stolen, the British bank said Thursday, potentially exposing large numbers of international clients to prosecution by tax authorities in their home countries. A former IT employee of Swiss subsidiary HSBC Private ...
January US trade deficit shrinks to $37.3B as imports fall more than exports
March 11, 2010 - 11:52 am
WASHINGTON - The U.S. trade deficit unexpectedly shrank in January, reflecting a big drop in imports of oil and foreign cars. American exports also fell, a potential blow to hopes that the economic recovery will be aided this year by U.S. sales abroad. The Commerce Department said that the ...
Equinox Minerals reports Q4 loss on hedging, sees strong revenues from Lumwana
March 11, 2010 - 11:05 am
TORONTO - Resource company Equinox Minerals Ltd. reported a fourth-quarter loss Wednesday as it continued to book revenues from the Lumwana copper mine, which began production earlier in the year. Toronto-based Equinox (TSX:EQN), whose major holding is Lumwana, in Zambia, reported a net ...
Protesters clash with police in Athens demonstration during Greek general strike
March 11, 2010 - 10:50 am
ATHENS - Serious street clashes erupted between rioting youths and police in central Athens Thursday as some 30,000 people demonstrated during a nationwide strike against the cash-strapped government's austerity measures. Hundreds of masked and hooded youths punched and kicked motorcycle ...
| 
Next 15
