Diary - Today in Canada April 24

Wed Apr 24, 2013 5:59am EDT
 
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Eikon users can find additional corporate and economic news items by opening a new document and clicking on Canada in the Countries tab, then clicking on "News and Events" and "Events".

TODAY IN CANADA

COMPANY NEWS

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...