Canadian News

Share SHARE

Barrick Gold Corp. (ABX, ABX.TO) and Newmont Mining Corp. (NEM), the world's largest gold mining companies, were in advanced talks about a merger as they grapple with a sharp drop in the price of gold, the Wall Street Journal reported Friday, citing people familiar with the matter. However, the talks...

Canadian energy company Athabasca Oil Corp (ATH.TO) Thursday exercised its option to divest its 40 percent interest in the Dover Commercial Project to Phoenix Energy Holdings Ltd for about C$1.23 billion in cash, net of closing adjustments. Pursuant to the terms of its February 10, 2010 Put/Call Option...

Canadian stocks ended higher for a fourth straight session on Thursday, tracking rising global equity stocks on the back of some recent encouraging economic reports from the U.S. and China. Investors digested a couple of U.S. economic reports and Canadian inflation data, while sluggish commodities and...

Canadian stocks are moving in a tight range Thursday morning with investors digesting a couple of U.S. economic reports and Canadian inflation data. Somewhat sluggish movements of commodities and some weak earnings reports from U.S. technology majors appear to be prompting investors to tread cautiously...

McGraw-Hill Ryerson Limited (MHR.TO) and McGraw-Hill Global Education Holdings LLC announced that they have entered into a definitive acquisition agreement by which McGraw-Hill Education will indirectly acquire all of the outstanding common shares of McGraw-Hill Ryerson that it does not already own at...

Domtar Corp. (UFS, UFS.TO) has appointed Michael Garcia as President of Domtar Pulp and Paper, with effect from May 1, 2014. In this new role, Garcia would oversee the operations of North America's largest producer of uncoated freesheet paper and top-three market pulp producers, via. a network of thirteen...

The Canadian dollar wiped out its early losses against other major currencies in New York morning deals on Thursday, as the nation's consumer price inflation improved in March. Data from Statistics Canada showed that Canada's consumer price inflation rose to 1.5 percent on year in March, following...

Canadian stocks are likely to see a cautious start Thursday with weak earnings reports from U.S. technology majors Google and IBM hurting sentiment to an extent. Investors will be reacting to Canadian inflation data and the U.S. jobless claims report. The data from the U.S. Labor Department showed...

Canada consumer price index for March was released at 8:30 am ET Thursday. After the data, the loonie climbed against other major currencies. The loonie was trading at 1.5224 against the euro, 1.0274 against the aussie, 92.97 against the yen and 1.0995 against the greenback around 8:32 am ET.

Canada consumer price index for March is set for release at 8:30 am ET Thursday. Ahead of the data, the loonie showed mixed trading against other major currencies. While the loonie recovered against the euro, it held steady against the greenback. Against the yen and the aussie, the loonie rose. The...

Canadian stocks ended higher for a third straight session on Wednesday, tracking some positive display on Wall Street after an encouraging industrial production report and upbeat tech earnings, with better than expected Chinese growth data lifting sentiment. Nonetheless, a slightly lower than expected...

osisko-acquisition-041614.jpg Canadian gold miners Agnico Eagle Mines Ltd. and Yamana Gold, Inc. agreed Wednesday to jointly acquire smaller peer Osisko Mining Corp. for C$8.15 per share in a cash and stock deal valued at about C$3.9 billion. Agnico Eagle and Yamana Gold will split Osisko down the middle, and share the coveted Canadian Malartic Mine in Québec.The deal is expected to close by early June 2014.

Canadian stocks are higher on Wednesday, with better than expected Chinese growth data lifting sentiment. A positive display by stocks on Wall Street on the back of an encouraging industrial production report and upbeat tech earnings. However, a slightly lower than expected rise in U.S. housing starts...

The Canadian dollar gave up early gains against other major currencies on Wednesday as the Bank of Canada maintained interest rates at 1 percent. However, the bank noted that a lower exchange could provide more support to exports. The bank observed that country's inflation remains low. Core inflation...

Goldcorp Inc. (GG, G.TO) announced Wednesday that it intends to nominate eleven directors to board of Osisko Mining Corp. (OSK.TO). Goldcorp's directors nominees include John Bell, Beverley Briscoe, Peter Dey, Douglas Holtby, Timo Jauristo, Charles Jeannes, Clement Pelletier, Randy Reifel, Ian Telfer,...