Oil prices shot up as much as 4 per cent this morning after a suspected attack on two tankers in the Gulf of Oman near Iran and the Strait of Hormuz, the passage through which a fifth of global oil passes. This is the second incident in a month to hit ships near this crucial chokepoint, raising fears of a military confrontation between Iran and the U.S. Iran has distanced itself from the suspected attack.
Lululemon is on the rise today, up more than 6 per cent in pre-market trade, after it raised its forecast and reported strong earnings last night. Shares in the yoga-wear maker, up nearly 40 per cent this year, are poised to hit a new record high when markets open, so watch this stock. And the research tool to Corporate Canada you have been waiting for is out today. FP 500 ranks public firms, private companies, subsidiaries and Crown corporations by revenue, making it the most authoritative survey of Canadian business available. Here are a few highlights from the database to whet your appetite. Canada’s top profit maker was RBC, while the top money loser was Goldcorp. The revenue cutoff to get into the top 500 this year was $428.7 million.
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