Tuesday, September 7, 2010
All news from September 7, 2010
Loonie slides as BoC decision looms
17:10
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The Canadian dollar closed near its session low against the U.S. currency Tuesday on fresh concerns about European banks, with investors also focused on the Bank of Canada’s interest rate decision Wednesday.
TransCanada gauges interest in Keystone Gulf line
14:51
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TransCanada launched an open season for the planned expansion of its Keystone oil sands crude pipeline to the U.S. Gulf Coast refining center Tuesday as it looks to gauge shipper interest in the plan.
Sinochem approaches Temasek on Potash bid: sources
14:47
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China’s state-owned chemicals group Sinochem Corp has approached Singapore state investor Temasek to join a consortium that may bid for Canada’s Potash Corp, sources with knowledge of the deal said on Tuesday.
Gold miners in spotlight as precious metal shines
14:28
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Canada’s gold miners may offer good investment prospects as the precious metal continues to shine as a safe haven amidst faltering economies, a leading investment advisor said.
Gold miners in spotlight as precious metal shines
14:28
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Canada’s gold miners may offer good investment prospects as the precious metal continues to shine as a safe haven amidst faltering economies, a leading investment advisor said.
Cable giant Videotron to launch wireless service Thursday
14:08
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Quebec cable giant Videotron will launch its 3G wireless servicethis week in a move that’s expected to shake up the industry by driving down prices.
Canadian post-secondary fees, benefits soaring: report
14:04
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Canadians are spending more on post-secondary education, a new report says, but they're also reaping the benefits.
TSX falls on renewed European bank worries
11:30
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The TSX fell Tuesday alongside a global sell-off of risk-prone assets after fears about the health of the European banking sector came back into focus.
Canadian companies to continue hiring, poll finds
11:19
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Canadian companies are planning to continue hiring in the coming quarter, with the manufacturing sector likely to add jobs at the fastest pace in a decade, according to a survey released Tuesday.
Air Canada, WestJet traffic takes off on seat sales
11:05
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August was a busy month in the skies as both Air Canada and WestJet flew more passengers thanks in part to large-scale seat sales.
Biovail, Valeant to cut about 25% of jobs
09:49
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Valeant Pharmaceuticals, which agreed to be bought by Biovail Corp in June, said they would cut about 25% of the combined company's U.S. and Canadian workforce as part of the integration plans.
Casey’s receives new offer, trumping Alimentation bid
09:05
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Casey’s General Stores urged investors not to accept a bid by Laval, Quebec-based Alimentation Couche-Tard, saying it has received a higher bid from a third party.
Goldcorp bid remains top offer for Andean
08:24
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Goldcorp's C$3.6 billion bid for Andean Resources remains the top offer for the Argentina gold producer, Andean Chief Executive Wayne Hubert said.
Loonie drops as investors lose appetite for risk
08:15
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The Canadian dollar edged lower against the U.S. currency on Tuesday as investors shunned riskier assets on weak oil prices and on fresh concerns about the European banking sector.
Tough times seen ahead for Canada's banks
08:03
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For Canada's banks, an increasingly gloomy economic picture combined with regulatory uncertainty may soon sap the momentum they managed to sustain through their latest quarter.
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