Diary - Today in Canada April 24
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TODAY IN CANADA
Barrick Gold Corp, whose shares have been hit in recent weeks by a string of bad news, reports quarterly earnings. Investor attention will be focused squarely on comments from the company regarding its embattled Pascua-Lama project on the border between Chile and Argentina. The average forecast of analysts surveyed by Thomson Reuters I/B/E/S is for a profit of US$0.89 per share. Barrick will also hold its annual general meeting in Toronto.
Canadian Pacific Railway is expected to post strong first-quarter results, helped by bigger shipments of key commodities and an ambitious cost-cutting program initiated by turnaround CEO Hunter Harrison. Analysts polled by Thomson Reuters I/B/E/S expected a profit of C$1.21 per share at Canada's second-largest railway, compared with earnings of C$0.82 a share in the same period last year.
Cenovus Energy Inc, Canada's second-largest independent oil producer, reports quarterly earnings. The average forecast from analysts surveyed by Thomson Reuters I/B/E/S is for a profit of C$0.48 per share. Continued...