Daily Archives: September 3, 2010

TSX closes up amid encouraging jobs data, major deal making in gold sector

The Canadian Press – TORONTO – The Toronto stock market closed modestly higher Friday with the TSX failing to get much traction from an American jobs report which blew past expectations.

Italian judge will decide fate of $2 billion Bombardier rail contract

The Canadian Press – MONTREAL – The fate of a $2 billion rail contract for Bombardier (TSX:BBD.B) and its partner AnsaldoBreda is expected to be decided by an Italian judge on Sept. 29 following a complaint by French rival Alstom.

Loonie hits two-week high on jobs surprise

Reuters – TORONTO (Reuters) – The Canadian dollar rallied to a two-week high against the greenback on Friday, climbing more than a penny, after an upside surprise in U.S. job data increased expectations Canadian interest rates will rise next week.

Goldcorp eyes fresh luster for its treasure chest

Reuters – TORONTO (Reuters) – By adding Andean Resources to its growing bundle of acquisitions, Canada’s Goldcorp will put itself in a solid position to achieve its goal of doubling bullion production by 2018.

Crude oil falls, settles below US$75 a barrel after disappointing jobs report

The Canadian Press – NEW YORK, N.Y. – Oil prices retreated Friday after a closely watched U.S. employment report threw cold water over future energy demand from the world’s largest economy.

BP spill costs hit eight billion as crews unearth clues

AFP – WASHINGTON (AFP) – British oil giant BP revealed Friday it has so far spent eight billion dollars to battle the Gulf of Mexico disaster, as its crews retrieved key evidence from the seabed.

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