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Teck Resources posts loss on $384 million asset impairment charge
Canadian miner Teck Resources reported a fourth-quarter loss, hurt by lower commodity prices and an asset impairment charge of $536 million.
Posted on 2-11-2016 at 9:32 AM
Rout continues as TSX, Dow slide
Bay Street and Wall Street sank at the open on Thursday as doubts regarding the health of the global economy saw investors fleeing to safe haven assets.
Posted on 2-11-2016 at 9:30 AM
Oil falls on U.S. supply record, weak demand outlook
Oil slid on Thursday, dented by record U.S. crude inventories, worries about the demand outlook and a Goldman Sachs forecast that prices would remain low and volatile until the second half of the year.
Posted on 2-11-2016 at 9:08 AM
Telus profit falls 16% as increased competition takes a toll
Telus Corp. reported a 16 per cent fall in quarterly profit, hurt by increased competition and weaker demand for its wireless services.
Posted on 2-11-2016 at 8:18 AM
Crude’s crash hits Manulife profit, may miss growth targets
Manulife Financial Corp. reported a steep drop in quarterly and annual profits on Thursday as falling energy prices weighed on the company’s investments. If that trend persists, the insurer said it may not be able to meet its growth targets this year.
Posted on 2-11-2016 at 8:04 AM
Cenovus cuts more jobs, slashes payout, spending
Oil producer Cenovus Energy Inc posted a bigger-than-expected quarterly loss and announced a fresh round of cuts to its quarterly dividend, 2016 capital budget and work force, as it tries to shore up finances amid an incessant fall in oil prices.
Posted on 2-11-2016 at 7:40 AM
Global stocks tumble as economic uncertainty intensifies
Investor anxiety is ripping across the markets again this morning. Major European indices are deep in the red, Hong Kong’s Nikkei sank again, and U.S. futures are pointing to a sharp drop.
Posted on 2-11-2016 at 7:21 AM
Kevin O'Leary: Canadian banks still a good bet
The Canadian economy and the loonie may be struggling, but Kevin O’Leary is still a big fan of the big banks. In fact, he likes them more than their neighbours to the south.
Posted on 2-10-2016 at 6:58 PM

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