North American stocks close higher, as loonie drops and commodities slide


TORONTO – The Toronto stock market was higher Tuesday on a day marked by volatility and a sell-off in commodities. The S&P/TSX composite index closed up 30.93 points at 14,624.50 after falling more than 200 points earlier within the session. Stocks in Ny also rebounded after opening the day with significant losses. The Dow Jones industrial average closed up 93.33 ...

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The real impact US$18.7 billion in fines has on BP Plc


BP PLC earlier this week decided to pay an eye-popping US$18.7 billion to stay all U.S. state and federal claims which have resulted in the Deepwater Horizons oil spill in 2010, but the actual cost towards the energy giant is a reasonably bit less because of the time value of money. Fred Lucas, analyst at J.P. Morgan Cazenove, said the ...

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