Canadian oil and gas producer Encana Corp. (TSE:ECA) reported an unexpected quarterly operating profit, helped by a cost-cutting drive, and said it would raise its 2016 capital expenditure program.
Canadian Pacific Railway Ltd. (TSE:CP) reported lower second-quarter earnings on Wednesday as volumes dropped, and said its chief executive officer will step down next July but remain in as an adviser.
TORONTO — Severe stress in the oil and gas sector could prompt some Canadian banks to reduce their dividends, but that would be a last resort, according to analysts at Moody’s Investors Service.
A friendly Canadian takeover of California-based Polycom has been called off on amicable terms after Mitel Corp. decided it wouldn’t match a rival offer.
Centerra Gold Inc. (TSE:CG) has agreed to buy Thompson Creek Metals Company Inc. (TSE:TCM) in a US$1.1-billion deal that solves problems for both parties.
Empire Company Ltd. (TSE:EMO), parent of the Sobeys supermarket chain, has reported a massive fourth-quarter net loss of more than $900 million, citing challenges related to its Canada Safeway acquisition in Western Canada.
Global financial markets are in chaos as the decision by Britain to leave the European Union has sent investors fleeing from risk and into any safety they can find.
Canadian Pacific Railway Ltd. (TSE:CP) said on Tuesday it expected second-quarter revenue to fall about 12 percent from a year earlier, hurt by weak commodity volumes, the Fort McMurray wildfire in northern Alberta and a stronger Canadian dollar.
