NEWS

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Canadian Energy natural gas producer Encana Corp shares jumped 3.5% after releasing earnings before the market Friday.  They have cut costs further and have boosted oil and gas production volumes with higher realized prices. 

Oil service giant Schlumberger (SLB) reported adjusted second-quarter 2017 earnings above consensus before markets opened on Friday. Fracking revenue soared 68% from Q1 in the U.S. and $SLB is overcoming weakness in major Middle East projects.

Canadian inflation continues weak as Bank of Canada Chief Poloz addressed as being the result of temporary measures this week. Headline inflation is the lowest since Oct 2015, on the core there is some strength. 

Online auction giant eBay reported inline second-quarter earnings after the market close Thursday. $EBAY's tepid growth and full-year guidance was short of estimates sending the stock off near 5%.

Canada's largest integrated telecom operator Rogers Communications $RCI reported mixed earnings Thursday for Q2 2017. Bottom line beat consensus estimates but revenue missed. The Internet of Things Boosted Result.

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