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1:22 pm

TSX skids as commodity producers overshadow National Bank; Tim Hortons drops

Canadian shares eased back as slump in raw-material and energy producers and Tim Hortons overpowered gains at National Bank of Canada after it posted stronger quarterly profit. The benchmark Standard & Poor’s/TSX Composite Index (TSE:OSPTX) retreated less than 0.1 percent to 15,613.19 at 12:48 p.m. in Toronto. More than two shares declined for every stock that advanced, with six out of 10 major industries down.

Breaking News

Wednesday, August 27, 2:33 pm

Michaels's Q2 sales, full-year guidance beat Wall Street

The Michaels Companies (NASDAQ:MIK) hit a one-month high after the arts-and-crafts retailer posted  higher than expected revenue in its fiscal second quarter, and provided upbeat full-year gui...


11:14 am

TyraTech adds to blue-chip roster of retailers as Tesco & Sainsbury sign up for Vamousse

TyraTech has secured listings for its Vamousse head lice mousse and shampoo with two blue-chip British retailers.


  • U.S. stock futures slightly rise; Tiffany, Express, Michaels in focus

    U.S. stock index futures slightly rose today, suggesting the market's recent upswing that has taken indexes to repeated records was set to continue with little on the horizon to derail the rally. With no major economic reports on tap, earnings reports from Tiffany & Co. and Express Inc. were instead in focus.

  • Tim Hortons agrees to be sold to Burger King for $11 bln

    Tim Hortons (TSE:THI) (NYSE:THI), Canada's largest quick-service chain, agreed to be bought by Burger King Worldwide (NYSE:BKW) for about $11 billion. The company would become the third-largest fast food company in the world with more than 18,000 restaurants in 100 countries and $22 billion in system sales.

  • NioCorp obtains extra high-grade niobium assays at Elk Creek; shares hit 16-week high

    NioCorp Developments (CVE:NB) (OTCMKTS:NIOBF) (FRA:BR3), a niobium explorer, rose to the highest in more than three months after receiving additional assays from the ongoing drilling and advancement operations at Elk Creek, Nebraska. Shares advanced to 78 Canadian cents, the highest intraday price since May 6, before trading at 74 Canadian cents, up 5.7 percent, at 1:12 p.m. in Toronto.

  • Energizer Resources initiated with positive recommendation at Stormcrow

    Energizer Resources (TSE:EGZ) (OTCMKTS:ENZR) rose in morning trades after Stormcrow Capital Ltd. initiated coverage on the the owner of the Madagascar's Molo Graphite project with a positive recommendation. Shares were up 3.5 percent at 15 Canadian cents at 9:41 a.m. in Toronto, extending this year's gains to 15 percent.

  • Burger King, Tim Hortons surge amid merger talks

    Burger King Worldwide (NYSE:BKW) and Tim Hortons (NYSE:THI) surged after the second-largest U.S. burger chain confirmed it's in talks to buy Canada's biggest coffee and doughnuts and to and move its headquarters to Canada, becoming the latest American company seeking to relocate to a lower-tax country.

  • Moko brews up political app storm with BNR and VOYCIT launches coming shortly

    Moko Social Media (NASDAQ:MOKO), which completed its IPO listing in the US in July, updated investors on Friday on the development of its mobile apps in its political division, with the new (BNR) app set to launch next month. 

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