Canadian stocks fell, snapping a three-day advance in the benchmark index, as energy and raw- materials shares dropped after oil and gold prices slumped.
Canadian stocks rose for a second day amid better-than-estimated U.S. economic data and as European shares rebounded on gains in Italian bonds.
Valiant Petroleum Plc, the U.K. oil explorer focused on the North Sea, plans to expand drilling off Norway after buying assets and qualifying as a field operator.
Liquefied natural gas prices are surging to a three-year high as demand from Japan, China and India outpaces supply increases, boosting sales for producers from BG Group Plc to Exxon Mobil Corp.
Booming U.S. natural gas production from shale formations and slowing demand from households, factories and power plants are poised to send prices down for an unprecedented fifth year in 2012.
Valiant Petroleum Plc, a U.K. oil explorer operating in the North Sea, rose in London trading after starting a strategic review that may see it sold or broken up to boost returns for shareholders.
Hedge funds boosted wagers on higher commodity prices for the first time in three weeks as the outlook for the U.S. economy improved.
Canada’s dollar was little changed versus the greenback as Bank of Canada Governor Mark Carney reiterated that growth will accelerate in the second half of the year.
Valiant Petroleum Plc , the U.K.- based oil explorer, traded 70 percent of its stake in blocks near the Cladhan discovery in the North Sea in three transactions with Sterling Resources Ltd . and BASF SE’s Wintershall unit.
Canadian housing starts fell more than expected in July on a decline in multiple-unit projects in British Columbia.
"Certainly we had a larger-than-expected build in crude- oil inventories, so that's a negative."
- Peter Buchanan on Mar 13, 2013