Canadian companies feel the world's pain
TORONTO (Reuters) – Financial results from Canada's biggest companies are likely to disappoint investors in the coming weeks with weak global growth and mixed commodity prices expected to have pummeled the quarterly earnings of oil companies and miners. Energy and materials shares make up about half of the value of the Toro nto Stock Exchange's benchmark S&P/TSX composite index and include such blue chips as Suncor Energy Inc, Teck Resources Ltd and Goldcorp Inc. All three companies are expected to post year-on-year drops in fourth-quarter earnings per share when they report in February. …
Friday, January 25, 2013
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