LONDON (Reuters) - The dollar hit a 16-month low against the yen on Thursday and headed for its worst week since the Lehman crisis as investors scrambled for relative safety, buying up gold and top-rated bonds and dumping stocks.
TORONTO (Reuters) - Canada's main stock index fell to a three-week low in early trade on Thursday, as investors broadly retreated from global stocks amid fears of financial instability while gold miners gained as bullion hit a one-year high.
CALGARY - Precision Drilling Corp. (TSX:PD) says uses of its rigs was cut by more than half in Canada and the United States in the fourth quarter compared with a year earlier, resulting in less cash from operations and a bigger loss.
Teck ResourcesPrices for copper, coal and zinc have all nosedived amid concerns about growth in China, and Teck Resources had to slash costs dramatically to keep its business competitive.
TORONTO - Manulife Financial Corp. saw a 62 per cent drop in its fourth-quarter profit, which it blamed on losses in its oil and gas investments.