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Goldcorp profit tops estimates as costs beat expectations

Goldcorp Inc., the largest gold producer by market value, reported second-quarter earnings that beat analysts’ estimates after costs fell more than expected.

Posted on 7-31-2014 at 10:04 AM

Suncor profit eroded by costs of scaling back Joslyn development

Suncor Energy Inc.’s spending on scaling back its Joslyn oil-sands mining project led Canada’s largest oil producer to post a 69-percent profit slump to the lowest in six quarters.

Posted on 7-31-2014 at 9:59 AM

Loonie touches 7-week low on concern growth trails U.S.

Canada’s dollar touched the weakest level in almost two months as data showing the economy expanded in May failed to damp concern growth is lagging behind that of the U.S., the nation’s...

Posted on 7-31-2014 at 9:54 AM

Allergan-bidder Valeant cuts 2014 outlook

Canada’s Valeant Pharmaceuticals International Inc., embroiled in a bitter battle to take over Botox-maker Allergan Inc., cut its full-year profit and revenue forecasts to reflect the sale...

Posted on 7-31-2014 at 9:43 AM

Miner Agnico Eagle turns profit as production rises

Canadian gold producer Agnico Eagle Mines Ltd reported a second-quarter profit on Wednesday compared with a year earlier loss, as gold production jumped from a year earlier and costs...

Posted on 7-31-2014 at 9:34 AM

Canada’s economic growth stronger than expected in May

The Canadian economy grew by a greater-than-expected 0.4 percent in May, the fifth consecutive month-on-month increase, Statistics Canada reported on Thursday.

Posted on 7-31-2014 at 9:24 AM

Shaw Communications to acquire U.S.-based ViaWest for $1.2B

Shaw Communications Inc. said Thursday it plans to acquire U.S. data centre and cloud services provider ViaWest Inc. for $1. 2-billion US.

Posted on 7-31-2014 at 9:18 AM

Bitter rivals face off over future of Penn West Petroleum

Calgary energy producer Penn West Petroleum Ltd. is facing the prospect of a messy battle for control of the company just as it copes with an accounting scandal and allegations of...

Posted on 7-31-2014 at 8:03 AM

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