TSX lower despite strong Scotiabank earnings as oil, gold prices decline
TORONTO - The Toronto stock market found it hard to gain traction Tuesday as commodity prices fell and a better than expected earnings report from Scotiabank (TSX:BNS) failed to encourage buyers.
The S&P/TSX composite index dropped 36 points to 11,927.8.
The Canadian dollar rose 0.14 of a...
Tuesday , March 09, 2010
Rocky Mountain posts Q4 profit of $5.7M, reverses loss; revenues slightly higher
CALGARY - Acquisitions slightly boosted revenue at Rocky Mountain Dealerships Inc. (TSX:RME) and helped it book a $5.7-million profit in its final 2009 quarter, reversing a loss from a year ago, the company said Tuesday.
The company, which owns agricultural and construction equipment deale...
Tuesday , March 09, 2010
Chevron says it will cut 2,000 jobs this year; cuts will continue through 2011
DETROIT - Chevron Corp. (NYSE:CVX) says it will cut 2,000 jobs this year and will continue reducing its work force through 2011.
The nation’s second-largest oil producer revealed the cuts as it outlined corporate strategy and major capital projects Tuesday in a meeting with financial analy...
Tuesday , March 09, 2010
US job openings up sharply in Jan., evidence that employers may soon boost hiring
WASHINGTON - Job openings in the United States rose sharply earlier this year, a sign that employers might be preparing to step up hiring.
The number of openings in January rose about 7.6 per cent, to 2.7 million, compared with December, the Labour Department said. And the job openings rat...
Tuesday , March 09, 2010
Canada’s five biggest banks earn combined $5.09 billion in first quarter
TORONTO - Canada’s five biggest banks saw their profits soar in the first quarter of 2010, compared to a year before when the recession battered away at earnings.
The banks earned a combined $5.09 billion in the three months ended Jan. 31, compared to $2.97 billion in 2009. Scotiabank (TSX...
Tuesday , March 09, 2010
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