Barrick Gold Corp. (ABX, ABX.TO), a producer of gold and copper, announced that Chile's Superintendence of the Environment (Superintendencia del Medio Ambiente or 'SMA') imposed a fine of approximately $16 million for violations of the Chilean environmental approval for its Pascua-Lama project.
On...
Catalyst Paper Corp. (CYT.TO) said Friday that it has sold its Elk Falls industrial site and related assets to Quicksilver Resources Canada Inc. for C$8.6 million.
Sale of the about 1,200-acre parcel includes a fully serviced, 400-acre industrial site and adjacent property near Campbell River. The...
Great Canadian Gaming Corp. (GC.TO) said Friday that it has signed definitive agreements with the Government of Ontario for horse racing transition funding.
The funding will provide support to continue horse racing at the company's Georgian Downs and Flamboro Downs racetracks for up to two years...
Canadian stocks ended marginally higher Friday, on some upbeat data from the U.S. with durable goods orders rebounding more than anticipated in April. Nonetheless, the gains were capped by investor concerns that the U.S. Federal Reserve may scale back its support to the economy, cutting down on its quantitative...
Quebecor (QBR_A.TO) announced the acquisition of Gestev, a dynamic sporting and cultural event management company that enjoys a high profile throughout the Quebec City area.
The company stated that Patrice Drouin and Chantal Lachance, cofounders of Gestev, and their entire team will bring their expertise...
Heroux-Devtek Inc. (HRX.TO), a Canadian manufacturer of aerospace products, Friday reported fourth-quarter net income of C$8.5 million or C$0.27 per share, compared with C$9 million or C$0.29 per share last year.
On a continuing operations basis, earnings for the quarter were C$4.8 million or C$0.15...
Wireline telecommunications company Otelco Inc. (OTT, OTT_UN.TO) said Friday it has emerged from bankruptcy and completed its balance sheet restructuring process, including an extension of its senior credit facility.
"Today, we completed the actions necessary to implement the final steps of our restructuring...
Energy Fuels Inc. (EFR.TO) and Strathmore Minerals Corp. (STM.TO)(STHJF.PK) Friday announced the signing of a Letter of Intent pursuant to which Energy Fuels and Strathmore have agreed to pursue a transaction whereby Energy Fuels would acquire, by way of a plan of arrangement, all of the issued and outstanding...
The European Union, the United States and Canada on Friday agreed to join forces on Atlantic Ocean research. The agreement focuses on aligning the ocean observation efforts of the three partners. The goals are to better understand the Atlantic Ocean and to promote the sustainable management of its resources....
Canadian stocks were little changed Friday morning amid falling commodities and mixed cues from the global equity markets on concern the US Federal Reserve may scale back its support to the economy. Meanwhile, European markets are mixed after Germany's Ifo business confidence strengthened in May.
The...
A British Columbia woman has been arrested after backing her pickup truck over a mother and her two children, who were sleeping in a tent at a campsite. CTV reports that the kids, aged 18 months and three years, suffered minor injuries, while their mother, Shyane Cooper, was more seriously injured.
Bay Street stocks moved down at open Friday amid marginal selling across a variety of sectors, with the S&P/TSX Composite Index losing 10.90 points or 0.09 percent to 12,647.20.
The Diversified Materials Index was down 0.50 percent, with Teck Resources (TCK_B.TO) and First Quantum Minerals (FM.TO)...
Canadian stocks are poised for a weak open Friday amid falling commodities and mixed cues from the global equity markets. Asian stocks settled mixed overnight, with extreme volatility in Japanese shares keeping investors nervous. Japan's Nikkei index swung over 1,000 points for a second day in a row...
World trade increased at a steady pace in the first quarter, in a sign that the economy is expanding modestly, a report released by the Netherlands Bureau of Economic Policy Analysis, or the CPB, showed Friday.
The volume of international trade increased 0.7 percent sequentially in the first three...
Hall of Fame goalie Patrick Roy has been named the head coach of the Colorado Avalanche, the franchise he helped win two Stanley Cups. The CBC reports that he was also named the vice president of hockey operations.