Market movers: Stocks seeing action on Tuesday - and why

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A look at North American equities heading in both directions

) fluctuated between gains and losses in early trading after it said Tuesday it will submit an appeal by the end of the day against Panama’s order to halt operations at the firm’s local copper mine in the midst of a contract dispute.The Panamanian government and the Canadian miner have been at odds for more than a year over a new deal in which the Central American government aims to raise annual mining royalties to a minimum of $375-million.

Keystone is a major export pipeline carrying 622,000 barrels a day of crude from Alberta to U.S. refineries and was temporarily shut down in December after rupturing on Dec. 7 and leaking oil into a creek in Kansas. The pipeline resumed service in late December.“We share the EPA’s prioritization of safety and mitigating risk to the environment, and we are committed to complying with the agreement as we progress our response, recovery, and remediation,” TC said in a statement.

Net sales fell 33 per cent to US$1.26-billion in its third quarter as inflation strained consumers’ pockets and shoppers focused on products other than home goods, furniture and decor - merchandise that are core to Bed Bath & Beyond’s inventory mix.

 

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