CANADA

Canada Rail Traffic up 2% for the First Week of November

canadian rail traffic
Canadian railroads reported 80,439 carloads for the week ended Nov.5, 2011, up 2 percent compared with the same week last year, and 52,025 trailers and containers, up 7.2 percent compared with 2010, according to the Association of American Railroads.
A file photo of Zambia"s Finance Minister Alexander Chikwanda.

Zambia doubles mine royalties to fund big budget

Zambia's new government unveiled an expansive 2012 budget on Friday, with big increases in social spending and farming subsidies to be paid for by a rise in mineral royalties and a debut $500 million Eurobond.
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Canada's tiny Arctic port faces uncertain future

Canada's tiny Arctic port faces uncertain future

Every summer for three months, the Hudson Bay ice breaks up and ships load Canadian Prairie grain for export, putting more than 100 people to work in the tiny northern Manitoba town of Churchill.
Casa Berardi Project

Aurizon Mines Posts Big 3Q Profit Increase

Vancouver-based Aurizon Mines Ltd. said Thursday its third-quarter profit rose dramatically as higher prices and output offset increased costs, more taxes and foreign exchange losses.
Gold

AuRico Gold's 3Q Profit Surges 76%

AuRico Gold Inc., a large Canadian gold miner, said Thursday third-quarter profit surged 76 percent on increased metals' prices and higher output, particularly from three Mexican mines.
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Tim Hortons Q3 profit rises on strong sales

Tim Hortons Inc (THI.TO: Quote), Canada's No. 1 restaurant chain, reported a 40 percent jump in third-quarter profit thanks to strong sales, but said operating conditions were still tough in North America.
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RIM investigates reports of BlackBerry delays

BlackBerry maker Research In Motion was investigating reports some users experienced delays, but said on Wednesday it was not fighting an outage similar to the one that took down its service for four days last month.
Toyota

Flood Reduces Honda Output, Toyota Recovers

The impact of Thailand's floods on Honda Motor Co has extended to a fourth continent, while in contrast Toyota Motor Corp showed further signs of recovery from the disaster.
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Toyota Recalls 550,000 Vehicles Due to Steering Flaw

Toyota Motor Corp. is recalling about 550000 vehicles worldwide to replace an engine component that could hamper steering. This will include 420,000 in the U.S. Nearly 27,000 vehicles were recalled in Canada and 38,000 recalled in Japan.
Mineworkers

Power cut hits Zambia's Copper Belt

A four-hour power cut hit Zambia's capital and main mining region on Wednesday, although it was not clear what if any impact there was on output from Africa's biggest copper producer.
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Barclays downgrades RIM on product delays

Research In Motion will lose more market share in the United States and see its international growth limited as the rollout of the Blackberry maker's new operating platform hits snags, Barclays said, downgrading the stock by a notch to equalweight.
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Airbus lead widens as neo sales hit 1,000

Sales of Airbus' revamped A320neo topped 1,000 as the European planemaker extended its lead over Boeing in the annual tug-of-war for jetliner sales, figures showed Tuesday.

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