Canadian Natural Profit Rises 55% as Output Increases
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Canadian Natural Resources Ltd., Canada&#39;s second-largest natural-gas producer, said third-quarter profit jumped 55 percent as prices soared and acquisitions boosted output.
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Despite cautionary words from Bank of Canada Governor David Dodge last week about the impact of the rising dollar, Canadian gross domestic product likely grew at a healthy 3.5% clip in the third quarter due to strong consumer spending.
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Rogers Communications Inc. credited surging earnings at its fast-growth wireless unit and foreign exchange gains for the cable, media and telecom group&#39;s third-quarter return to profit Tuesday.
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Diversified manufacturer Textron Inc.  TXT.N on Thursday posted a higher quarterly profit and lifted  its full-year earnings estimate on a strong performance by its  Cessna business jet division, sending its shares up nearly 5  percent.
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CALGARY, Alberta  - Canadian oil production will grow 9 percent this year, the country's national energy regulator said on Thursday, due to growing output from the Alberta oil sands and offshore oil projects.
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Outdoor advertising company Clear Channel Outdoor Holdings Inc.  posted higher quarterly profit on Friday, helped by higher revenue.
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UK energy exploration firm BG Group posts a 22% rise in annual profits on the back of strong gas and oil prices.
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Spanish energy group Gas Natural reported on Monday a 2006 net profit of 854.5 million euros (1.12 billion US dollars), a 14.1-percent increase over the outcome the previous year.
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Third-quarter profit rose 5 percent, helped by sales growth in its U.S. retail market and Canada, the company said.
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The Molson Coors Brewing Company reported a 75 percent increase in its fourth-quarter profit, crediting a tax benefit and favorable exchange rates.
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CHICAGO  â The CSX Corporation reported a better-than-expected quarterly net profit Tuesday as strong pricing for rail freight offset higher fuel costs and weaker volumes, sending its shares up more than 5 percent.
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British gas giant BG Group has said that net profits leapt 23 percent last year on rising production and increased energy prices.
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Deere &amp; Co  said on Wednesday its fiscal first-quarter earnings rose a better-than-expected 55 percent, as soaring crop prices boosted demand for agricultural equipment across the globe.
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Fourth-quarter profit rose, driven by a gain from the sale of some forestlands and strong results from its industrial packaging unit.
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TORONTO - Revenue at Canadian Tire topped the $2 billion mark in the third quarter and profits rose 17 per cent, the retail giant reported Thursday.
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The Bank of Montreal said second-quarter profit rose 3 percent as higher fees from mutual funds and stock sales offset a big loss in commodities trading. Net income climbed to 671 million Canadian dollars ($618 million) from 651 million Canadian dollars a year earlier, the bank said. Record mutual fund sales and rising demand for loans contributed to a 24 percent increase in consumer banking profit, countering the commodities losses, which were related to natural gas trading. The bank said on May 17 that it would report a pretax trading loss of 680 million Canadian dollars. Bank of Montreal said profit was 1.31 Canadian dollars a share excluding the trading loss and other one-time items, an increase of 3.1 percent from a year ago. Revenue in the quarter, which ended April 30, rose 2.7 percent, to 2.57 billion Canadian dollars from 2.5 billion Canadian dollars.
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Deere & Co  said on Wednesday its  fiscal first-quarter earnings rose a better-than-expected 55  percent, as soaring crop prices boosted demand for agricultural  equipment across the globe.