12:06:29 EDT Tue 23 Apr 2024
Enter Symbol
or Name
USA
CA



Barrick Gold Corp
Symbol ABX
Shares Issued 1,167,158,762
Close 2018-10-19 C$ 17.29
Market Cap C$ 20,180,174,995
Recent Sedar Documents

Globe says earnings from CN, others may calm markets

2018-10-22 09:03 ET - In the News

See In the News (C-CNR) Canadian National Railway Company

The Globe and Mail reports in its Monday edition that analysts are expecting double-digit profit growth as Canadian companies prepare to post third quarter financial results over the next two weeks. The Globe's David Berman writes that United States and Canadian stocks have been unusually volatile this month. The volatility comes as China and the U.S. squabble over trade, raising concerns about the global economy. CIBC's Ian de Verteuil says, "If global supply chains are disrupted, we would also expect higher inflation and even higher interest rates." Toronto Stock Exchange heavyweights such as Canadian National Railway, Barrick Gold, Shopify, Enbridge, Fortis, Air Canada and Suncor are set to report quarterly results, giving investors a sense of whether Canadian corporate profits will measure up. Mr. Berman notes that Canadian results are not being juiced by recent U.S. tax cuts, so expectations are more muted. Nonetheless, Refinitiv estimates companies in the S&P/TSX Composite Index will report earnings growth of 10.4 per cent year-over-year. Analysts are particularly upbeat about energy stocks. Earnings growth is pegged at 21.4 per cent, which is the strongest estimate for any sector in the TSX.

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