Blackmont upgrades Certicom to speculative buy
(Reuters) - Blackmont Capital upgraded Certicom Corp to "speculative buy" from "hold," saying it expects more bidders to emerge for the company as Research In Motion's offer gives limited value to the wireless encryption software firm's patent portfolio.
Vale cuts Canada nickel production due to crisis
Brazil's Vale , the world's largest iron ore miner, said on Thursday it would close indefinitely a mine in Canada that yields 8,000 tonnes of finished nickel a year as the global economic slowdown hits demand for raw materials.
Building permits sag, purchasing contracts
Purchasing activity in Canada contracted to its lowest level ever last month, while building permits fell sharply in October, two reports showed on Thursday, providing the first strong indications of a slower fourth-quarter economy.
Canadian dollar rises as parliament to be suspended
The Canadian dollar fell nearly 2 percent in less than 90 minutes on Thursday after leaders of opposition parties said they still aim to oust the country's Conservative government from power.
TSX set to open lower on weak commodities
Toronto Stock Exchange's main index turned negative midday on Thursday afternoon as financials and materials stocks trimmed gains and energy issues fell as oil dropped on demand concerns.
CIBC profit falls 51 percent on securities losses
Canadian Imperial Bank of Commerce said on Thursday its fourth-quarter profit fell 51 percent due to securities write-downs and mark-to-market losses, but tax benefits helped cushion the blow.