An “ugly” end to the year for Canada’s job market is threatening to undermine consumer confidence that’s grown from the first quarter of 2013.
Canada’s gross domestic product expanded for a fourth straight month in October, led by growth in manufacturing and wholesale trade.
Canadian stocks rose a fifth day as commodities prices advanced after orders for U.S. durable goods climbed more than forecast in November, signaling business investment in the economy is rebounding.
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.
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.
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 , 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.
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.
"Certainly we had a larger-than-expected build in crude- oil inventories, so that's a negative."
- Peter Buchanan on Mar 13, 2013