Tags » S&P/TSX Composite Index

Parkland Fuel deal sends shares soaring; U.S. stocks hit new record highs

Shares of Parkland Fuel Corp. rocketed ahead by $3.04 apiece or more than 15 per cent Thursday to close at $22.95, after the Red Deer-based independent fuel retailer announced a deal to buy nearly 400 gasoline stations in Ontario and Manitoba from Pioneer Group Inc. 322 more words

Fed repeats two magic words: "considerable time" before rates rise; markets rally

Seldom has so much hype, hope and hysteria hinged on two simple words: “considerable time.”

In the feverish build-up to today’s statement by the U.S. Federal Reserve Board’s policy setting panel, the Federal Open Market Committee, economists were split on whether it would keep or drop their previous use of the term. 464 more words

BizBuzz

Carfinco Financial shares soar above Banco Santander's takeover price

Shares of Edmonton-based subprime auto finance firm Carfinco Financial Group are up $2.77 apiece or more than 32 per cent to $11.36  in early afternoon trading Tuesday following an announced friendly takeover deal earlier today by Spanish banking giant Banco Santander S.A. 191 more words

Edmonton

Bargain hunters spark rebound in oil prices as TSX gains 62 points

Oil prices staged a rebound Thursday on the New York Mercantile Exchange, with WTI crude for October delivery gaining $1.16 US a barrel to close at $92.83. 266 more words

BizBuzz

Stock markets post solid gains as correction fears fade

Stock markets continued to march higher Tuesday, with the S&P 500 Index closing just 0.3 per cent shy of its record high, and the technology-rich Nasdaq Composite Index closing at the highest level since March of 2000. 228 more words

BizBuzz

Toronto market flat, New York higher at mid-day; Stantec gains on latest deal

Toronto’s benchmark equity index is basically flat in mid-day trading Wednesday, with health care the only sector that is up by more than one per cent. 287 more words

Edmonton

Toronto index up slightly despite drop in energy shares

Energy shares were weaker Tuesday as oil prices dropped after the Paris-based International Energy Agency (IEA) reduced its forecast for global oil demand this year, and the U.S. 315 more words

BizBuzz