TORONTO (Reuters) - Canada's main stock market opened strongly higher on Thursday, bolstered by strong gains in the energy sector, recouping some of Wednesday's sharp losses in the wake of deadly shootings in Ottawa.
(Reuters) - Caterpillar Inc (CAT.N) shares jumped more than 6 percent in premarket trading after the company reported a stronger-than-expected quarterly profit and boosted its 2014 profit outlook, citing strong demand for its products in North America.
TORONTO - Profits at Rogers Communications Inc. (TSX:RCI.B) declined more than 28 per cent in the third quarter as the telecommunications operator pushed ahead with changes to improve its performance.
Canadian PressWithout a sustained increase in oil prices, the loonie will weaken at least another 4%, say the nation's two biggest lenders.
Softer-than-expected business outside of Canada and recent volatility that could negatively impact Canaccord Genuity Group Inc.'s capital market activity, prompted TD Securities to downgrade the independent broker on Thursday.