Business News
McCoy Q4 loss reduce despite a drop in revenue; looks into global expansion
EDMONTON - McCoy Corp. (TSX:MCB) will continue looking into expanding globally in the year ahead after conducting a strategic review and posting a narrower fourth-quarter loss, the company said Friday...
Dennis Skulsky stepping down as head of Canwest's publishing division
TORONTO - Dennis Skulsky is resigning as president and CEO of the publishing division of Canwest Global Communications Corp. (TSXV:CGS) effective April 30, the company announced Friday. The publish...
Oil dips under $81 as mixed economic reports temper earlier enthusiasm
NEW YORK - Oil prices rose above US$83 and then fell below US$81 on Friday following mixed economic reports that kept investors on edge about the outlook for improving energy demand. By early after...
High Arctic's fourth-quarter loss cut more than half despite reduced revenue
RED DEER, Alta. - High Arctic Energy Services Inc. (TSX:HWO) saw its fourth-quarter and full-year results improve despite lower revenues, the financially struggling oilfield equipment and services com...
Agrium walks away from CF, making good on vow not to overpay for U.S. firm
CALGARY - Agrium Inc. will keep hunting for opportunities to grow its business, the chief executive of the Canadian fertilizer giant said Friday, expressing no regrets over his firm's decision to walk...
Retail sales post surprising gain in Feb., raising hopes for rebound; some analysts cautious
WASHINGTON - There was a surprising increase in U.S. retail sales in February, a month notable for the snowstorms that buried major eastern cities and shut down the government bureaucracy in Washingto...
Stella-Jones reports drop in fourth-quarter profit
MONTREAL - Stella-Jones Inc. (TSX:SJ) expects the economic recovery as well as acquisitions to generate stronger results this year despite a slump in fourth-quarter profits, the manufacturer of railwa...
Canadian pulp producers expected to benefit as prices rise due to Chilean quake
MONTREAL - Canadian pulp producers are expected to benefit from a sustained improvement in the forestry product's pricing caused by the Chilean earthquake and a strike in Finland, analysts say. Chi...
InnVest REIT trims fourth-quarter losses despite hotel revenue decline
TORONTO - Hotel property owner InnVest Real Estate Investment Trust (TSX:INN.UN) says competitive pricing took a big toll on revenues and earnings last year. The Toronto-based trust said Friday tha...
Agrium stock soars after it abandons hostile US$5.5B bid for CF Industries
CALGARY - Shares of Agrium Inc. are soaring a day after the fertilizer giant said it would walk away from its year-long hostile pursuit of a U.S. rival. The Calgary-based company's stock was up 6.6...
