TD Bank chief economist Don Drummond to retire in June
TORONTO - TD Bank chief economist Don Drummond plans to retire at the end of June.
The bank says Drummond will be succeeded by Craig Alexander, who is currently TD’s deputy chief economist. Drummond will assist in the transition of Alexander into the role, and will continue to work as an a...
Thursday , March 11, 2010
Power Financial Corp. posts $340M Q4 profit; reverses year-ago loss
MONTREAL - Power Financial Corp., whose subsidiaries include Great-West Lifeco Inc. (TSX:GWO) and IGM Financial Inc. (TSX:IGM), reported a big improvement in fourth-quarter earnings Thursday despite an overall decline in revenue.
The Montreal-based holding company (TSX:PWF) said net profit...
Thursday , March 11, 2010
Crescent Point posts fourth-quarter loss on hedging losses
CALGARY - Crescent Point Energy Corp. (TSX:CPG), an oil and gas producer, reported a fourth-quarter loss of $4 million compared to a profit of $361 million in the same quarter of 2008, its results affected by losses this year and gains in the last due to its hedging program.
The loss amoun...
Thursday , March 11, 2010
Kinross takeover offer values Underworld Resources at $139.2 million
TORONTO - Kinross Gold Corp. (TSX:K) is offering to pay a premium to buy the rest of Underworld Resources Inc. (TSXV:UW) in a stock-and-cash deal that values the junior mining company at $139.2 million.
Kinross, which is one of Canada’s largest gold producers, already owns 8.5 per cent of ...
Thursday , March 11, 2010
January US trade deficit shrinks to $37.3B as imports fall more than exports
WASHINGTON - The U.S. trade deficit unexpectedly shrank in January, reflecting a big drop in imports of oil and foreign cars. American exports also fell, a potential blow to hopes that the economic recovery will be aided this year by U.S. sales abroad.
The Commerce Department said that the...
Thursday , March 11, 2010
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