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Air Canada (AC_A.TO, AC_B.TO) provides update on AC624, after the flight crashed on runway at Halifax Stanfield International Airport in Nova Scotia. The incident occurred at approximately 24:43 AT Sunday March 29 (23:43 ET March 28). Air Canada Confirmed that AC624, YYZ-YHZ exited runway upon landing...

Best Buy Canada, a subsidiary of Best Buy Co., Inc. (BBY) - which owns and operates both Best Buy and Future Shop stores - said that it will consolidate the Future Shop and Best Buy stores and websites under the Best Buy brand, and will eliminate about 500 full-time and 1,000 part-time positions. The...

Canadian stocks ended lower for a third straight session on Friday, driven by declining energy and mining stocks as commodity prices ticked sharply higher. Meanwhile, tensions in the Middle East continued unabated with militants gaining ground over government forces. Saudi Arabia and Iran are seen...

RioCan Real Estate Investment Trust (REI_UN.TO) on Friday said it will buy Kimco Realty Corp's (KIM) 50% interest in two Canadian properties held in the RioKim joint venture, Brentwood Village and Grand Park, as part of a trade transaction. As per the terms of the deal, RioCan will buy Kimco's 50%...

The Canadian stock market is down in early trade Friday, extending its losses from the previous two sessions. Nearly every sector of the market is trading in the red this morning. The largest decliners are the mining and energy stocks, due to weakness in commodity prices. Markets in Europe are turning...

Valeant Pharmaceuticals International Inc. (VRX, VRX.TO) announced the closing of its registered offering of common shares in the United States. As per the Offering, the Company issued 7.29 million common shares at a price of $199.00 per share, for aggregate gross proceeds of approximately $1.45 billion. The...

Blackberry-BBRY-032715.jpg Canadian smart phone maker BlackBerry Ltd. on Friday reported a turnaround to profit in the fourth quarter, helped by cost-cutting efforts that more than offset a decline in revenues. Adjusted earnings per share beat analysts' expectations, while revenues missed their estimates. Looking ahead, the company continues to target sustainable profitability on an adjusted basis during fiscal 2016.

Ventripoint Diagnostics Ltd. (VPT.V) announced that it has received Acceptance Review Notification concerning its recent 510(k) submission to the U.S. Food & Drug Administration or US-FDA. Ventripoint said the Notification confirms that the submission contains all of the necessary elements and information...

Hecla Mining Company (HL) and Revett Mining Company Inc. (RVM, RVM.TO) announced they have entered into a merger agreement pursuant to which Hecla will acquire Revett. Each outstanding common share of Revett will be exchanged for 0.1622 of a common share of Hecla. Following the merger, Hecla intends...

BlackBerry Limited (BBRY, BB.TO) reported fourth-quarter net income of $28 million or $0.05 per share, compared to a loss of $423 million or $0.80 per share, prior year. Non-GAAP profit was $20 million, or $0.04 per share, for the quarter. On average, 29 analysts polled by Thomson Reuters expected...

The U.S. dollar climbed against its major rivals in early European deals on Friday, as traders await U.S final GDP data, which is expected to reveal further economic expansion in the fourth quarter. The Commerce Department will release the third estimate of fourth quarter GDP data at 8:30 am ET. The...

CNOOC Ltd. Friday announced 6.6 percent increase in Full year 2014 net profit to RMB 60.20 billion from the prior year. Earnings per share was RMB 1.35. Oil and gas sales revenue declined 3.6 percent to RMB 218.21 billion from last year, as there was an 8.2 percent decline in average realized oil price to $96.04 per barrel on a yearly comparison. Average realized natural gas price w

Israel Chemicals Ltd. or ICL (ICL) Friday offered to acquire the 84 percent of Allana Potash Corp. (AAA.TO) it does not already own for C$0.50 per share or a total of about C$137 million. ICL currently holds 16.36 percent of Allana's shares which it acquired in 2014. The offer is supported by Allana's...

The euro weakened against the other major currencies in the early European session on Friday. The euro fell to a 4-day low of 1.0826 against the U.S. dollar and a 3-day low of 0.7309 against the pound, from early highs of 1.0895 and 0.7332, respectively. Pulling away from early highs of 129.85...

The Japanese yen extended its advance against the other major currencies in the Asian session on Friday, as the ongoing political unrest in Yemen raised the appeal of safe-haven assets. Saudi Arabia has launched airstrikes targeting Houthi rebels in Yemen with the support of its Gulf region allies...

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