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STOCK FUTURES HIGHER AS RALLY LOOKS SET TO CONTINUE

WTI crude oil up about 1% to trade just below US$93 a barrel

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Latest Stories

  • Australia's Graincorp hikes profit view again on soaring demand, favourable weather

    (Reuters) -Australia's Graincorp raised its annual profit forecast for the second time, as the agribusiness firm capitalises on strong demand for grains and vegetable oils amid a supply crunch from the war in Ukraine, pushing its shares up more than 10%. The profit upgrade on Wednesday was also encouraged by expectations of above-average East Coast Australian (ECA) crop in year 2022/23, combined with a favourable three-month rainfall outlook. Global wheat prices reached record levels in early 2022 as major exporter Ukraine's supplies were essentially cut off due to Russia's invasion, triggering a five-fold jump in Graincorp's first-half profit and allowing it to pay a special dividend.

  • 2 High-Yield Energy Stocks to Buy as Recession Approaches

    Energy stocks such as TC Energy and Canadian Natural Resources allow investors to generate income even in recessionary times. The post 2 High-Yield Energy Stocks to Buy as Recession Approaches appeared first on The Motley Fool Canada.

  • SPARTAN DELTA CORP. ANNOUNCES RECORD SECOND QUARTER 2022 RESULTS, CLOSING OF STRATEGIC ACQUISITION AND UPDATED GUIDANCE FOR 2022

    Spartan Delta Corp. ("Spartan" or the "Company") (TSX: SDE) is pleased to report its unaudited financial and operating results for the three and six month periods ended June 30, 2022, details of a strategic acquisition, as well as an update to the Company's guidance for the remainder of 2022.

  • WSP Global to buy U.K. environmental firm as rapid-fire acquisitions continue

    MONTREAL — WSP Global Inc. is extending its buying streak, as the Montreal-based engineering giant announced its sixth acquisition in 10 weeks. The company said Monday after markets closed it has reached a roughly $975-million deal to purchase RPS, a consulting firm based in the United Kingdom with about $875 million in annual revenue and 5,000 employees worldwide. The 52-year-old outfit focuses on climate change and energy consulting, an area where WSP has recently broadened its footprint. In J

  • Mantaro Precious Metals Completes Initial Diamond Drill Program at Golden Hill Property

    MANTARO PRECIOUS METALS CORP. (TSXV: MNTR) (OTCQB: MSLVF) (FSE: 9TZ) (the "Company") is pleased to announce that it has completed its initial diamond drill program on multiple prospects at its highly prospective Golden Hill Property, located in Bolivia.

  • U.S. power use to reach record high in 2022 as economy grows, EIA says

    EIA projected 2022 power sales would rise to 1,494 billion kWh for residential consumers, 1,371 billion kWh for commercial customers as more people return to work in offices and 1,019 billion kWh for the industrial sector. EIA said natural gas' share of power generation will be 37% in 2022, the same as in 2021, before sliding to 36% in 2023. Nuclear power's share will slide to 19% in 2022, from 20% in 2021, before rising back to 20% in 2023.

  • i-80 Gold Reports Q2 2022 Operating Results

    i-80 GOLD CORP. (TSX: IAU) (NYSE: IAUX) ("i-80", or the "Company") is pleased to report its operating and financial results for the three and six months ended June 30, 2022. i-80's Consolidated Financial Statements ("financial statements"), as well as i-80's Management's Discussion and Analysis of Operations and Financial Condition ("MD&A") for the three and six months ended June 30, 2022, are available on the Company's website at www.i80gold.com, on SEDAR at www.sedar.com, and on EDGAR at www.s

  • Exclusive-Google Fiber plans 5-state growth spurt, biggest since 2015

    Google Fiber plans to bring its high-speed internet service to multiple cities in Arizona, Colorado, Idaho, Nebraska and Nevada over the next several years in its first big expansion since it spun out as an independent Alphabet Inc unit in 2015. In his first media interview since becoming chief executive of Google Fiber in February 2018, Dinni Jain told Reuters on Wednesday that his team was finally prepared to "add a little bit more build velocity" after over four years of sharpening operations. "There was an impression 10 years ago that Google Fiber was trying to build the entire country," Jain said.

  • Exclusive: Mexico's Pemex in talks with Vitol, eyes resuming business after bribery scandal

    Petroleos Mexicanos (Pemex) has made progress in talks with global energy trader Vitol about resuming trading ties that broke down last year during a bribery scandal, and the companies must iron out some issues such as compensation for damages Mexico's state oil company suffered, two sources at Pemex said. The sources at Pemex did not offer details on how the damages from the scandal would be calculated or give an estimate. Vitol and Pemex declined to comment.

  • Dollar drops on cooler-than-expected U.S. inflation data

    The dollar fell broadly on Wednesday following a cooler-than-expected U.S. inflation report for July that raised expectations of a less aggressive interest rate hike cycle than previously anticipated from the Federal Reserve. The Australian dollar, seen as a barometer of risk, was up 1.74% at $0.7083.

  • Toshiba logs surprise quarterly operating loss on higher materials costs

    Toshiba Corp on Wednesday posted an unexpected operating loss in the April-June first quarter as it grappled with a global chip shortage and a sharp rise in costs for raw materials. Higher material and logistics costs pushed down its operating earnings by 9.4 billion yen, while a chip shortage had a negative impact of about 3 billion yen, the company said. Bain Capital, CVC Capital Partners and Brookfield Asset Management as well as a consortium involving state-backed Japan Investment Corp and private equity firm Japan Industrial Partners have been selected by Toshiba to proceed to a second bidding round.

  • McDonald's Canada and McCain Foods partner to launch the $1M Future of Potato Farming Fund to help improve soil health through regenerative farming practices

    Today, McDonald's Canada and McCain Foods Limited are proud to announce a new partnership to create the Future of Potato Farming Fund by investing $1M in education, demonstration, and cost-sharing grants to support potato farmer adoption of regenerative practices and technology. The new Fund's goals are building soil health and farm resilience as Canadian potato farmers face the escalating impacts of climate change on yield and crop quality.

  • Stelco reports earnings growth in Q2, but warns lower prices will affect rest of year

    HAMILTON — Stelco Holdings Inc. says its year-over-year earnings increased 53 per cent in the second quarter of 2022 to $554 million, or $7.67 per diluted share. The Hamilton-based steelmaker attributed the increase partially to the $260 million in proceeds it received in the quarter from the sale and leaseback of its Hamilton land and buildings, as well as an increase in operating income and lower financing costs. On an adjusted basis, Stelco says it earned $356 million in the second quarter, d

  • Canada's Fairfax proposes C$1.2 billion takeover bid for Recipe

    The offer price marks a premium of more than 53% to Recipe's last close. Recipe said it had entered into a letter of intent with Fairfax, adding its board would recommend shareholders vote in favor of a takeover once the deal was finalized. Founded in 1883, Vaughan, Canada-based Recipe operates brands such as Kelseys, East Side Mario's and New York Fries.

  • Roblox slides as bookings miss raise gaming slowdown worries

    (Reuters) -Roblox Corp missed estimates for quarterly bookings on Tuesday, in yet another sign the gaming industry is facing a slowdown after a pandemic-fueled boom, sending shares of the gaming platform down around 19% in extended trading. Roblox's downbeat results come as firms ranging from console makers and chip makers to video game publishers warn of a slowdown in the gaming world as red hot inflation hammers discretionary spending, challenging the idea of a "recession proof" industry. The California-based Roblox, famous for its games "Jailbreak" and "MeepCity", posted net bookings of $639.9 million in the second quarter, compared with $665.5 million a year earlier.

  • The 2 Best Canadian Stocks for Beginners Right Now

    Stock market beginners in Canada could kickstart their investing journey by buying these two stocks right now. The post The 2 Best Canadian Stocks for Beginners Right Now appeared first on The Motley Fool Canada.

  • Defense Metals Diamond Drilling Update - Infill and Exploration Drilling Complete And Pit Slope Geotechnical Drilling Underway

    Defense Metals Corp. ("Defense Metals" or the "Company") (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D) is pleased to provide an update for its ongoing diamond drilling at its Wicheeda Rare Earth Element (REE) deposit. The 2022 resource infill and exploration diamond drill campaign is now complete and pit slope geotechnical drilling underway.

  • ETRUSCUS COMMENCES 2022 PROGRAM AT ROCK & ROLL

    Etruscus Resources Corp. (CSE: ETR) (OTC: ETRUF) (FSE: ERR) (the "Company" or "Etruscus") announces the commencement of the Company's 2022 field exploration program (the "Program") at its 100% owned Rock and Roll Property (or "Property") located in the prolific Golden Triangle, northwestern British Columbia, Canada. The Program will focus on two new targets identified from the 2021 field program.

  • TSX jumps to two-month high on U.S. inflation relief

    Canada's main stock index rose on Wednesday to its highest level in two months, with technology stocks leading gains after data showed U.S. inflation rising less than expected last month. The Toronto Stock Exchange's S&P/TSX composite index ended up 307.64 points, or 1.6%, at 19,885.94, its highest closing level since June 10. Wall Street also rallied after U.S. consumer price data raised hopes the Federal Reserve will cut back on super-sized interest rate increases.

  • 'Soft landing is wishful thinking at this stage:' former Bank of Canada economist

    Episode 161 of Down to Business podcast