BOE Report Staff

  By Malcolm Morrison TORONTO - The Toronto stock market was higher Tuesday as traders cautiously bought into stocks that sustained steep losses in the previous session when disappointing Chinese growth data sent commodities and resource stocks tumbling. The S&P/TSX composite index gained 69.01 points to 12,073.89 after the market registered its biggest one-day tumble since last June and the lowest close since mid-November, plunging 333 points. The TSX was also heavily [Read more]

  Gold and other commodities took a big tumble Monday following data that showed much weaker than expected economic growth in China, sending the benchmark index of the Toronto Stock Exchange to its biggest one-day loss in 10 months. By the close of trading, the S&P/TSX composite index had slumped 332.71 points, or 2.7 per cent, to 12,004.88. The materials group, which includes gold stocks, plunged 7.4 per cent. Gold futures tumbled $140.40 US an ounce to settle at [Read more]

ENGLEWOOD, Colo.--(BUSINESS WIRE)--IHS Inc. (NYSE: IHS), the leading global source of information and analytics, today announced it has acquired Fekete Associates, a leading provider of integrated reservoir management software and services to the oil and gas industry. Terms of the transaction were not disclosed. “The acquisition of Fekete plays an important role in better supporting our customers as we continue to seamlessly connect IHS information and expertise with the right tools and [Read more]

  OTTAWA - Justin Trudeau called for an end to internal Liberal party divisions and an end to the partisan politics of division Sunday night as he was anointed party leader in a landslide, first-ballot win. Trudeau, eldest son of former prime minister Pierre Trudeau and the Liberals' undisputed star, swept more than 80 per cent of the available points in a final field of six candidates. Despite the foregone conclusion of Trudeau's coronation, a downtown Ottawa hotel was packed with [Read more]

By Malcolm Morrison, The Canadian Press TORONTO - The Toronto stock market sold off Friday as concerns about the strength of the world's biggest economy raised demand worries and helped send oil and metal prices tumbling. The S&P/TSX composite index dropped 143.79 points to 12,337.59. Falling commodities helped push the Canadian dollar down 0.3 of a cent to 98.64 cents US. U.S. indexes recouped most of earlier losses resulting from earnings disappointments from banks and a [Read more]

[table] [attr style="width: 20%"]`[attr style="width: 35%"]`[attr style="width: 15%"]Oil`[attr style="width: 15%"]Gas`[attr style="width: 15%"]Total [attr rowspan="5" style="background-color: #E0E0E0; text-align: center; vertical-align: middle;"]Canada`This Week`83`73`156 Last Week`117`89`206 Last Year`88`76`164 Week over Week Change`-34`-16`-50 Year over Year Change`-5`-3`-8[/table] [table] [attr style="width: 20%"]`[attr style="width: 35%"]`[attr style="width: 15%"]Oil`[attr [Read more]

  NEW YORK, N.Y. – Signs that the global economy isn’t strong enough to quickly burn through the world’s ample supplies of oil and gasoline sank crude oil prices for a second straight day. Weak U.S. economic reports Friday followed on the heels of reduced forecasts for oil demand. Oil dropped two per cent. U.S. crude futures fell $2.22, or 2.4 per cent, to $91.29 barrel in New York. Brent crude, which is used to price oil used by many U.S. refiners to make gasoline, fell $1.34 to [Read more]