Canada
Canadian Banks May Report First Profit Growth in Two Years on Equity Sales Canada’s biggest banks may report
their first profit increase in two years on record equity sales
and rising trading revenue as shares of the companies trade at
the highest levels since 2007.
Canada Stocks Rise as Commodity Prices Jump; Barrick, First Quantum Gain Canadian stocks rose for the first
time in three days, led by energy and raw-materials producers,
after U.S. officials suggested stimulus policies may continue
longer than investors thought.
Ciena Wins Nortel's Optical-Networks Unit at Auction After Raising Bid Ciena Corp., the fiber-optic gear
maker for phone companies, won an auction for Nortel Networks
Corp.’s optical-networking business, trumping a bid from Nokia
Siemens Networks by raising its offer to $769 million.
Canadian Currency Strengthens Most in Two Weeks as Gold, Crude Oil Climb Canada’s currency appreciated the
most in two weeks against its U.S. counterpart as gold and crude
oil climbed, burnishing the appeal of currencies tied to
commodity prices.
BlackBerry Curve Was Top U.S. Smart Phone Model in Third Quarter, NPD Says Research In Motion Ltd.’s BlackBerry
Curve 8300 was the top consumer smart phone in the U.S. in the
third quarter as price cuts drove up sales, according to
research firm NPD Group Inc.
First Quantum Minerals to Buy Kiwara for $260.2 Million in Cash And Equity First Quantum Minerals Ltd., a miner
of copper in Africa, agreed to pay about $260.2 million in stock
and cash for Kiwara Plc, a company that explores for the metal
in Zambia.
Canada September Retail Sales Post Widespread, More-Than-Expected 1% Gain Canadian retail sales rose more than
expected in September, led by automotive, food and general
merchandise shops.
Global Stocks, Commodities Gain on Economic Growth Outlook; Dollar Falls Stocks rose around the world,
commodities advanced and the dollar and the yen fell on signs
central banks will keep interest rates near record lows to
underpin the global economic recovery.
Canada Is Concerned About Canceled Lundin, Quantum Congo Mining Contracts The Paris Club of creditor nations
delayed a decision on debt relief for the Democratic Republic of
Congo because of Canadian concern over mining contracts, Deputy
Minister of Finance Cesar Lubamba said.
Aluminum Bubble-in-Making Concerns Mount as Global Surplus Seen Rising 29% Warehouses holding enough aluminum
to build 69,000 Boeing 747 jumbo jets are why Peter Sorrentino
says the most abundant metallic element in the earth’s crust is
too expensive.
Glaxo Pulls Swine Flu Vaccine Batch in Canada to Probe Allergic Reaction Canadian doctors should hold off on
using a batch of GlaxoSmithKline Plc’s swine flu vaccine while
the company probes reports of higher-than-expected occurrences
of a side effect known as anaphylaxis, a spokeswoman for the
U.K. drugmaker said today.
Antarctica Loses Ice From Larger Eastern Side as Well as West, Study Shows Antarctica is losing ice from its
larger eastern side as well as the western part, an indication
the southernmost continent may add “significantly more” to
rising seas, researchers in Texas said.
Regrouping Taliban Threaten to Widen War as Pakistanis Pay Economic Toll Taliban fleeing a Pakistani
offensive are regrouping in the country’s northwest, threatening
to spread and prolong a conflict that has strained the nation’s
economy and may hamper efforts to attract foreign investment.
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