September 20, 2024

Category: Canada Finance

Parex stock plunges as the Canadian oil & gas firm faces challenges in Colombia #CanadaFinance
Canada Finance

Parex stock plunges as the Canadian oil & gas firm faces challenges in Colombia #CanadaFinance

CashNews.co Blue oil drums stacked in a warehouse in Indiana, U.S. Photographer: Luke Sharrett/Bloomberg (Bloomberg Creative via Getty Images) Shares of Parex Resources (PXT.TO) plummeted in early trading on Thursday after the Calgary-based oil and gas producer operating in Colombia announced the departure of its chief financial officer and a host of operational troubles in […]

Read More
Canada Post at ‘critical juncture,’ financial situation unsustainable: board chair #CanadaFinance
Canada Finance

Canada Post at ‘critical juncture,’ financial situation unsustainable: board chair #CanadaFinance

CashNews.co OTTAWA — The chair of Canada Post’s board says the organization’s financial situation is unsustainable. André Hudon says Canada Post is at a “critical juncture” and significant change is urgently needed to preserve its delivery network. Hudon said the surge in online shopping during the COVID-19 pandemic reshaped the parcel delivery market, and Canada […]

Read More
National Bank of Canada’s profit rises on wealth management, markets strength #CanadaFinance
Canada Finance

National Bank of Canada’s profit rises on wealth management, markets strength #CanadaFinance

CashNews.co (Reuters) – National Bank of Canada reported a higher third-quarter profit on Wednesday, helped by strong performance in its wealth management and financial markets units. The Canadian central bank’s interest rate cuts for two straight months, in June and July, have boosted trading and wealth management activities for the country’s lenders. National Bank of […]

Read More