TSX gains with oil above $60, Europe more optimistic
The week has ended with an optimistic note as oil prices again edged higher with stronger expectations of demand from the Eurozone and a lower outlook for US oil rig numbers. European issues looked more positive.
Obama urged to sign-off Keystone XL as Congress gives it the green light
President Obama’s signature is now the only thing holding up the formal approval of the Keystone XL pipeline.
TransCanada earnings hike
Shareholders in TransCanada will be receiving a fourth-quarter dividend of 8 per cent more than they have received in the previous four quarters.
Manufacturing rises in December
New figures from StatsCan show that manufacturing sales rose 1.7 per cent in December, despite a 9.3 per cent drop in sales of petroleum and coal products (without that sector there was a rise of 3.2 per cent).
Swiss Chalet owner to go public
Cara Operations has announced that it is to become a public company again; more than a decade after it delisted.
Canadian farmers had a record 2014
Canada’s farming sector enjoyed a record income of $14 billion last year according to aggregate net cash income projections from Agriculture Canada.
Daily Market Update
Optimism returns to world markets on Ukraine, Greece, Oil, Jobs... China’s smartphone giant coming to the US... CBS-Viacom tie-up? No says Moonves... Costco deal with AmEx will end this year... Expedia buys Orbitz...
Oil prices offset by insurance losses on TSX
Brent crude edged higher today exceeding $59 a barrel giving a welcome boost to energy stocks however insurance firms Manulife and Sun Life posted weaker-than-expected quarterly earnings with the losses in that sector.
Bombardier CEO change, debt plans spook the market
Investors sold-off shares in Bombardier after the Montreal-based firm announced that its CEO Pierre Beaudoin will step down from the role tomorrow (Friday) and become executive chairman with Alain Bellemare taking over as chief executive while long-term fixture Laurent Beaudoin will retire.
Cenovus cuts jobs following quarterly loss
Oil producer Cenovus has reported a quarterly loss of $472 million for the last three months of 2014, amounting to 62 cents per share.