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.
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.
TORONTO (Reuters) - Canada's main stock index fell on Wednesday, hitting a two-week low as a drop in oil prices and credit market uncertainty weighed on energy and financial stocks.
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.
Laura Pedersen/National Post filesOil and gas investment losses hurt Manulife Financial's fourth quarter profit. Twitter · Google+ · LinkedIn · Email · Typo?