CIBC World Markets Chief Economist Jeffrey Rubin thinks high energy costs could result in a sort of reverse globalization, as some overseas manufacturing is forced to return closer to home.
Rubin says the cost of shipping a standard 40-foot container from East Asia to the eastern U.S. has risen from $3,000 in 2000 to about $8,000, [...]

Global Uranium Fund Inc. is pleased to announce that the equity shares and warrants which currently trade as stapled units on the TSX under the ticker symbol GUR.UN, will separate and trade independently on Friday July 6, 2007 in connection with the closing of the over-allotment. The ticker symbols for the equity shares and [...]

Dynatec Corp., a Canadian mining company, said it sold stakes in a $2.5 billion Madagascar nickel project to Korea Resources Corp. and Sumitomo Corp. to raise $852 million in funding. The shares rose the most in 15 months.
Sumitomo and Korea Resources will each own 27.5 percent stakes in the Ambatovy venture, Richmond Hill, Ontario-based Dynatec [...]

Canada’s economy, the world’s eighth-largest, expanded 0.2 percent in July, the most in four months, led by mining, wholesaling and financial services.
The increase reported by Statistics Canada today in Ottawa compares with no growth in June and matches the median estimate in a Bloomberg News survey of 19 economists.
Today’s figures suggest the economy is rebounding [...]

Mundoro Mining Inc. (TSX: MUN) is pleased to announce the appointment of Ms. Teo Dechev as Chief Financial Officer and Vice President of Corporate Development effective July 13, 2006.
Ms. Dechev has gained extensive experience in capital markets, most recently as a Vice President in Corporate Finance with Desjardins Securities in Toronto, covering investment banking, mergers [...]

Canadian stocks may fall, as oil and gas producers including Suncor Energy Inc. retreat alongside the price of crude oil.
Declines in the Standard & Poor’s/TSX Composite Index may be limited as financial companies such as Royal Bank of Canada may extend gains amid speculation the U.S. Federal Reserve may be close to ending its interest-rate [...]