Canada Raises C$3.18 Billion in Petro-Canada Sale
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Canada raised C$3.18 billion ($2.49 billion) by selling about a fifth of Petro-Canada, marking the nation&#39;s biggest share sale and the government&#39;s exit from a 1970s-era effort to control its own energy supplies.
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Gold rose more than $3 an ounce on Monday after crude oil extended gains, but dealers said the precious metal lacked incentives to breach key resistance levels.
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Canada&#39;s dollar gained for the fifth week in six, reaching the highest since January 1992, on speculation the central bank will lift its interest-rate target next month.
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CALGARY (CP) - The federal government revealed the highly anticipated details of its planned sale of a minority stake in energy giant Petro-Canada late Thursday, setting the stage for the biggest single share sale in Canadian history.
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Royal Dutch/Shell Group on Wednesday announced a &#36;150 million increase in the amount of money it will spend in 2004 on exploration and production in Europe, bringing the total to &#36;1.8 billion.
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SAN FRANCISCO (CBS.MW) -- Shares in Petro-Canada posted gains Friday after the Canadian government said it plans to sell its remaining 19 percent stake in the giant oil company.
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French computer services group CapGemini reported a better-than-expected 20.6 percent jump in third quarter sales.
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Canadian Tire Corp., the country&#39;s biggest retailer of auto supplies and sporting goods, said third- quarter profit rose 17 percent as customers put more purchases on the company&#39;s credit card.
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TORONTO (CP) - An online travel agency is advising consumers that some Canadian tour operators and airlines are increasing their fuel charges by &#36;25 effective Monday in response to higher crude oil prices.
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World oil prices ticked up from a three-month low on Monday as traders looked for OPEC to take action to stem a slide which knocked 14 percent off crude prices last week.
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Shell Canada outlined $4 billion worth of expansions and de-bottlenecking at its Athabasca Oil Sands Project yesterday. The work will eventually bring the project to 500,000 barrels per day in production.
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TORONTO (CP) - The Toronto stock market was higher Monday morning as energy stocks benefited from the world crude oil price&#39;s move above $46 US a barrel.
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Nearly thirty years after it created state-owned Petro-Canada, Ottawa formally announced yesterday it is selling the last of its shares in the oil giant.
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LONDON - World oil prices ticked up from a three-month low on Monday as traders looked for Opec to take action to stem a slide which knocked 14 per cent off crude prices last week.
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DALLAS (CBS.MW) - Exxon Mobil on Thursday said third-quarter net income jumped 56 percent, boosted by high oil and gas prices, better refining and marketing results and record chemical earnings.
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CALGARY, ALBERTA - The number of oil and gas wells to be drilled in Canada next year could climb 8 percent to a record because of a surge in coal-bed methane activity, the oil-field service industry predicted last week.
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By Sarah Jones  Norilsk Nickel, the world's largest nickel producer, raised its offer for LionOre of Canada by almost 28 percent to 6.8 billion Canadian dollars, trumping a rival bid from Xstrata.  A.P.