Business News

Stella-Jones reports drop in fourth-quarter profit

MONTREAL - Stella-Jones Inc. (TSX:SJ) said Friday that weaker fourth-quarter sales led to a dip in profits during the period but did not prevent the company from booking increases in both revenue and ...

Toronto stock market little changed; Canadian dollar surges following jobs data

TORONTO - The Toronto stock market was little changed Friday morning at the end of a lacklustre week. The S&P/TSX composite index gained 8.9 points to 11,988.6, finding support from base metals but...

Base metals, Potash Corp. support TSX, C$ surges as jobs data beats expectations

TORONTO - The Toronto stock market maintained a slight gain Friday morning, finding support from the base metals sector and good news from market heavyweight Potash Corp. The S&P/TSX composite inde...

Catalyst Paper reports $35.8 million loss in Q4, sales at $294.3 million

RICHMOND, B.C. - Catalyst Paper (TSX:CTL) has reported a $35.8-million loss in the fourth quarter as the recession continues to impact sales at the pulp and paper company. The Vancouver-area firm s...

Shares in India's Fortis zoom on $685M bid for stake in Singapore's Parkway hospitals

MUMBAI, India - Shares of Indian hospitals company Fortis Healthcare touched an all-time high Friday, after the company said it is buying nearly a quarter of regional hospital operator Parkway from pr...

Churchill Corp. profit falls to $7.7M in Q4, full-year results also lower

CALGARY - Contracting firm Churchill Corp. (TSX:CUQ) said Friday that revenues and profits declined during both the fourth quarter and full year of fiscal 2009. The Calgary-based firm, which provid...

Energy stocks boost TSX; loonie surges, jobs data beats expectations

TORONTO - The Toronto stock market moved higher Friday, helped along by the energy sector after the Alberta government announced it is cutting the royalties it charges the oil and gas industries. T...

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 toll on revenues and earnings in the fourth quarter of 2009 and the full year. The T...

Retail sales rise in February boosting hopes economy gaining momentum

WASHINGTON - Retail sales posted a surprising increase in February as consumers did not let major snowstorms stop them from storming the malls. The advance, the biggest since November, provided hope t...

Oil moves above $82 in Europe after IEA forecasts a rise in Asian demand

Oil prices moved above US$82 a barrel Friday after the International Energy Agency brightened its outlook for world demand, predicting a surge in Asian economic activity will make up for a fall in dev...