It was a volatile week, as investors — worried about the state of the global economy — fled stocks and sought safe-haven assets like gold, driving the price up 5.5% to US$1,237.90 per oz. (Gold hit a one-year high of US$1,262.90 per…
An interest rate cut by Japan’s central bank, the U.S. Federal Reserve’s decision to leave rates alone and rising oil prices — West Texas Intermediate crude finished at US$33.70 per barrel — lifted global markets. There…
Potash Corp. of Saskatchewan (TSX: POT; NYSE: POT) is indefinitely suspending its new Picadilly potash mine in New Brunswick to lower its company-wide costs — dismissing roughly 430 workers.
Sliding commodity prices and worries about slowing global growth sent the resource-heavy Toronto stock market down 11% to end 2015 at 13,000.95 — its worst performance since the financial crisis of 2008. Spot gold finished 2015 at…
Tumbling oil prices sent the energy-heavy S&P/TSX Composite Index below 13,000 for the first time since 2013, before finishing at 13,016.59, down 2.3%. Brent crude closed at US$39.73 per barrel on Dec. 10 — less than half of the…
Potash Corp. of Saskatchewan (TSX: POT; NYSE: POT) is lowering its potash production levels in response to weaker demand and fertilizer prices for the second half of 2015.
Employment data from the U.S. Labor Department showing that 142,000 new non-farm jobs were created in September — far less than the 203,000 forecast — furthered expectations that the U.S. Federal Reserve would delay raising interest…
Uncertainty over Greece and the euro ahead of the country’s July 5 referendum on austerity measures weighed on markets during the trading week, which was shortened due to the Canada Day holiday on July 1. The S&P/TSX…
Canpotex hires National Steel Car to build railcars
VANCOUVER — Canadian giant Potash Corp. of Saskatchewan (TSX: POT; NYSE: POT) is considering a mega deal for Germany’s K+S Aktiengesellschaft that could materially change the landscape in the fertilizer business….
U.S. stocks slumped as the Greek governmentmoved closer towards defaulting on debt payments to the International Monetary Fund. The Dow Jones Industrial Average fell 0.4% to 17,946.68, while the S&P 500 Index also dropped 0.4% to…
Canada’s benchmark index added 1% to finish at 14,808.09, despite concerns rising over the Greek debt crisis. The S&P/TSX Capped Diversified Metals & Mining Index, however, slipped 0.8% to 695.56. The S&P/TSX Global Gold Index…
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