petro canada

Canadian markets touch 10,000 points in record gains


May 5th, 2009 - 9:26 am ICT by IANS
Toronto, May 5 (IANS) Canadian markets made the biggest one-day gain of the year Monday, with the Toronto Stock Exchange (TSX) composite index jumping 373.41 points to almost touch the 10,000-mark. The energy ... Read more...

Posted in Business |

Canadian currency makes record gains against dollar


April 16th, 2009 - 10:39 am ICT by IANS
Toronto, April 16 (IANS) The Canadian dollar reached its highest level against the greenback in four months Wednesday, touching 83.24 cents US as markets continued their rally. The energy-rich Canadian markets have gained ... Read more...

Posted in Business |

Canadian markets post 20 percent gains after record low


March 27th, 2009 - 10:31 am ICT by IANS
Toronto, March 27 (IANS) Financial and energy shares propelled Canadian markets to cross the important 9,000-mark for the first time in two months. After sinking to the lowest level since 2004 early ... Read more...

Posted in Business |

Low oil prices force merger of Canadian giants


March 24th, 2009 - 1:41 pm ICT by IANS
By Gurmukh Singh Toronto, March 24 (IANS) With global oil prices well below their production costs, Canada's top two energy companies have decided to merge to create one of the world's biggest oil ... Read more...

Posted in Business |

Big gains for Canadian markets


March 13th, 2009 - 10:28 am ICT by IANS
Toronto, March 13 (IANS) With oil prices staying firm above $45 and financial shares rising, the Canadian markets maintained positive gains of the past three sessions Thursday. The composite index on the Toronto ... Read more...

Posted in Business |

Canada cuts lending rate to historic low


January 21st, 2009 - 10:46 am ICT by IANS
Toronto, Jan 21 (IANS) With the credit crisis deepening and markets sinking, the Canadian central bank Tuesday cut its overnight lending rate to the historic low of one percent to stimulate the ... Read more...

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Canadian markets open positive in New Year


January 3rd, 2009 - 11:32 am ICT by IANS
Toronto, Jan 3 (IANS) The Toronto Stock Exchange (TSX), the third largest in North America, began the new year on a positive note Friday, with investors buying shares of badly performing sectors ... Read more...

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Record one-day fall for Canadian dollar


November 13th, 2008 - 9:07 am ICT by IANS
Toronto, Nov 13 (IANS) The Canadian dollar suffered the worst one-day loss against the US dollar in its history Wednesday even as the country's national bank announced to inject $8 billion ... Read more...

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Plunging crude prices hit Canada’s big oil dreams


October 24th, 2008 - 2:46 pm ICT by IANS
Toronto, Oct 24 (IANS) Plunging oil prices and credit crunch have hit two of Canada's largest-ever projects to recover crude from oil sands.With oil reserves of 179 billion barrels, mostly in oil ... Read more...

Posted in World |

ONGC Mittal Energy gets permit to drill for oil in Trinidad


June 22nd, 2008 - 1:40 pm ICT by IANS
By Paras Ramoutar Port-of-Spain, June 22 (IANS) ONGC-Mittal Energy Ltd (OMEL) has become the first Indian energy company to be involved in oil exploration in Trinidad and Tobago. Trinidad and Tobago's Minister of ... Read more...

Posted in Business |

Cals Refineries buys Petro Canada units


May 20th, 2008 - 8:35 pm ICT by admin
Mumbai, May 20 (IANS) Cals Refineries, owned by the Spice Group, has bought two distillation units and a plant of Petro Canada, a petroleum downstream company, for $110 million. Cals Refineries also ... Read more...

Posted in Business |

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