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Commodities Briefing - Categorized | Financial, Performance more

Weak commodities set to punish company profits

Posted on 15 October 2012

Canada’s biggest companies may join their Wall Street peers in posting poor financial results for the latest quarter as miners and energy producers struggle with soft global demand and volatile commodity prices.
Energy and materials shares make up about half of the value of the Toronto Stock Exchange’s benchmark S&P/TSX composite index and include such blue chips as Cenovus Energy, Teck Resources Ltd and Goldcorp Inc. All three are expected to report a year-on-year drop in third-quarter earnings per share in the coming weeks………………………………………..Full Article: Source


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