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Energy & Resources News

Ernie Lalonde, Senior VP Mining, DBRS play

Lower coal prices dent Teck profit

Teck Resources Ltd., Canada's largest diversified miner, reported a 40-percent fall in first-quarter adjusted profit due to lower coal prices, and said economic uncertainty may affect...
Bhaswati Mukhopadhyay, Reuters
Posted on 4-23-2013 at 7:13 AM
CN Railway profit hurt by winter weather chill

CN Railway profit hurt by winter weather chill

Canadian National Railway Co operations took a big winter weather hit, the country's largest rail operator said on Monday, as extreme cold and heavy snow in Western Canada slowed operations...
Susan Taylor, Reuters
Posted on 4-22-2013 at 3:10 PM
Gold rises as buyers swoop, gains may be short-lived

Gold rises as buyers swoop, gains may be short-lived

Gold rose more than 2 percent on Monday, supported by strong physical buying after last week hitting a two-year low, but investors reduced holdings of bullion in the top exchange-traded...
Susan Thomas and Lewa Pardomuan, Reuters
Posted on 4-22-2013 at 2:23 PM
Zachary Curry, COO and Portfolio Manager, Davis Reaplay

TSX lower as gold gains offset by dip in banks

Canada's main stock index was little changed on Monday as strength in gold shares supported by rising bullion prices was offset by a decline in the financial sector.
Reuters
Posted on 4-22-2013 at 11:24 AM
Jameson Berkow reportsplay

Halliburton in spill settlement talks, takes $1B hit

Halliburton Co. said on Monday it was in court-facilitated talks to settle private claims against it in the trial to determine blame for the 2010 Gulf of Mexico spill at a well where it...
Braden Reddall, Reuters
Posted on 4-22-2013 at 9:09 AM
Adam Fleck, analyst, Morningstarplay

Caterpillar cuts outlook on weak mining sales

Caterpillar Inc. cut its full-year outlook for 2013 on Monday to reflect a drop in demand for heavy equipment from its mining customers.
James B. Kelleher, Reuters
Posted on 4-22-2013 at 8:31 AM
Julian Jessop, Chief Global Economist & Head of Commodities Research, Capital Economicsplay

Gold jumps more than 2% on technical buying

Gold jumped more than two percent on Monday after a rebound above $1,400 US ignited technical buying, but sentiment was shaky as steady outflows from exchange-traded funds trimmed their...
Lewa Pardomuan, Reuters
Posted on 4-22-2013 at 8:07 AM
Commodities slump sends slow ripples through global economy

Commodities slump sends slow ripples through global economy

Lower airfares, cheaper food and rising profit margins are among the benefits that should flow from tumbling oil and commodity prices - but only after a long lead time.
Alan Wheatley, Reuters
Posted on 4-22-2013 at 8:07 AM

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