BizBuzz

BizBuzz from the Edmonton Journal

Recent Blog Posts

Stocks edge higher in range-bound trading Thursday; oil prices gain
Posted
Stock market indexes are posting modest gains in mid-day trading Thursday, regaining some of the ground lost in Wednesday’s selloff. But investors remain decidedly cautious overall, fearing that the indexes could revisit their recent lows before any sustained move higher. …
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August jobs up, stock markets slide as correction resumes
Posted
Stock markets are in the red in afternoon trading Friday, with Toronto’s main index and the Dow Jones Industrial Average both posting triple-digit losses despite positive employment reports for August. As of about 2:05 pm EDT, Toronto’s S&P/TSX Composite Index …
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Another ugly day for stocks, oil prices, as markets swoon again
Posted
The gut-churning volatility in stock markets has continued on the first trading day of September, as skittish investors fret over the health of the global economy and oil prices take another dive. With just few minutes to go in Tuesday’s …
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Oil prices up again at nearly $48 US a barrel on OPEC news
Posted
Oil prices are up sharply again Monday on news that the Organization of Petroleum Exporting Countries (OPEC) is finally willing to hold talks on cutting global oil supplies. As of about 1:19 pm EDT, October futures for West Texas Intermediate …
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Oil prices push above $45 US; energy stocks lead TSX rally
Posted
Oil prices continue to rally Friday, adding to Thursday’s big gains, pushing October futures for West Texas Intermediate (WTI) crude above the $45 US a barrel mark. As of about 12:57 pm EDT, WTI futures are trading at $45.47 per …
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Oil prices pop on report Venezuela seeks emergency OPEC meeting
Posted
Oil prices rallied sharply Thursday following a Wall Street Journal report that cash-strapped Venezuela is seeking an emergency meeting with fellow OPEC members and Russia to quell the year-long rout in oil prices. October futures for West Texas Intermediate (WTI) …
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Stantec shares jump on latest U.S. acquisition news
Posted
Shares of Stantec Inc. are up 68 cents apiece to $31.39 in mid-day trading Thursday on the Toronto Stock Exchange, following news of the company’s latest U.S. acquisition. The Edmonton-based engineering and architectural consulting giant says it plans to acquire …
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TSX soars 330+ points, oil prices rebound to $41.20 US a barrel
Posted
Stock markets are picking up where they left off Wednesday, with major indexes in Toronto and New York posting triple-digit gains Thursday morning. Investors have been buoyed by news that the U.S. economy grew at a robust 3.7 per cent …
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Stock markets trying to carve out a bottom; equity indexes heading up
Posted
North American stock market indexes are flashing green in afternoon trading Wednesday, with Toronto’s lead index up 57  points after a topsy-turvy morning. As of about 1:39 pm EDT, Toronto’s S&P/TSX Composite Index has gained 57 points to 13,207. That’s …
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Energy, materials stocks lead TSX gains; oil bounces off lows
Posted
Energy and materials stocks, which have been trounced so far this year, are enjoying a bit of respite Monday as oil, gold and copper prices bounce off their lows. As of about 1:22pm EDT, Toronto’s benchmark S&P/TSX Composite Index is …
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