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12:57 pm

TSX rises as upbeat data offset banks slump, Ukraine tension

Canadian shares rose as positive economic data overpowered concerns about increasing tensions in Ukraine and weakness in the financial sector. The benchmark Standard & Poor’s/TSX Composite Index (TSE:OSPTX) rose 0.3 percent to 15,604.56 at 11:59 a.m. in Toronto. More than two shares advanced for every stock that declined, with eight out of 10 major industries up.

Breaking News

Friday, August 29, 11:26 am

Friday's most followed in U.S. including Big Lots, Amira Nature, Pacific Sunwear, BioCryst, AstraZeneca, J&J, Avago, Veeva, Albemarle

U.S. shares rose amid increasing bets that global central banks will support economic growth. The S&P 500 (INDEXSP:.INX) rose 0.2 percent at 11:24 a.m. in New York. The 30-company Dow Jones Ind...

International

10:03 am

Argos Resources ‘hopeful’ of securing Falkland farm-out

Argos Resources is hopeful a farm-out deal can be done, after a rig deal was sealed for other Falkland oil explorers to drill in the South Atlantic next year.

Articles

  • Eurocontrol Technics reports narrower H1 Loss, anticipates strong H2

    Eurocontrol Technics Group, a Canadian provider of innovative energy security technologies, reported net loss narrowed in the first half of the year, and anticipated a strong second half. The Toronto-based company said in a statement that second-quarter results reflected the third continuous quarter of positive cash flow and net losses continue to decline despite revenues being slightly down. 

  • U.S. stock futures trim gains; indexes poised for monthly gains

    S&P’s 500 Index futures pared gains, with the gauge headed for its biggest monthly rally since February, as metals led commodities higher. The ruble slid to a record as the conflict between Russia and Ukraine deepened. Futures for the Dow Jones Industrial Average increased 15 points to 17,098 at 8:48 a.m. in New York, while those for the S&P 500 index climbed 2.7 points to 2,003.

  • Madalena Energy reports oil & gas revenue more than doubles in second quarter

    Madalena Energy Inc. (CVE:MVN) (OTCMKTS:MDLNF), an independent upstream oil and gas company focused on Argentina and Western Canada, reported oil and gas revenue more than doubled in the second quarter. Oil and gas revenue rose to $9.1 million in the three months ended June 30 from $3.9 million in the year-earlier period, the Calgary, Alberta-based company said in a statement today.

  • 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.

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