06:18:01 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 856,712,928
Close 2015-07-24 C$ 55.42
Market Cap C$ 47,479,030,470
Recent Sedar Documents

Van Sun say investors await results from Suncor, others

2015-07-27 09:32 ET - In the News

See In the News (C-SU) Suncor Energy Inc

The Vancouver Sun reports in its Saturday edition a slew of Canadian companies are set to report their second-quarter results this week, including Suncor, Cenovus, Imperial Oil, Enbridge and TransCanada. A Canadian Press dispatch to The Sun says oil companies are expected to report weak results due to the slump in the price of crude, which fell below the $50 (U.S.) a barrel mark in recent days. The outlook is not great for mining companies either, as prices of gold and other commodities have been weak. Miners Agnico-Eagle Mines, Kinross and Goldcorp will also report their results this week. "Commodity stocks are just not the place to be right now," said Ian Nakamoto, director of research at MacDougall MacDougall & MacTier in Toronto. "Anything that touches natural resources should be prepared for weakness in earnings." Earnings from Canada's big banks, which do not report until later in August, should be "okay, but nothing to write home about," Mr. Nakamoto added, noting that their wealth management and capital markets divisions should compensate somewhat for a slowdown in consumer borrowing and pressures on their net interest margins stemming from recent rate cuts from the central bank.

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