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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,...

As expected, the Bank of Canada retained interest rates at 1:00 percent. Following the announcement, the loonie retreated from early highs against other major currencies. The loonie was trading at 1.0290 against the aussie, 1.5204 against the euro, 93.01 against the yen and 1.0994 against the greenback...

At 10:00 am ET Wednesday, the Bank of Canada will announce its decision on interest rates. The central bank is seen holding rates at 1.00 percent. Ahead of the announcement, the loonie showed mixed trading against other major currencies. While the loonie moved steadily against the aussie, it climbed...

Reversing direction, the Canadian dollar climbed against the euro in New York deals on Wednesday. The loonie climbed to 1.5161 against the euro, off early multi-day low of 1.5231. The next possible upside target for the loonie is seen around the 1.50 zone.

Agnico Eagle Mines Limited (AEM, AEM.TO), Yamana Gold Inc. (AUY, YRI.TO) and Osisko Mining Corp. (OSK.TO) announced Wednesday that they have entered into an agreement by which Agnico Eagle and Yamana will jointly acquire 100% of Osisko's issued and outstanding common shares for total consideration of...

Canadian stocks look set for a positive opening Wednesday, with better than expected Chinese growth data aiding sentiment. A slightly lower than expected rise in U.S. housing starts could cap market's gains. Higher gold and crude oil prices are likely to trigger some buying in materials and energy...

IMAX Corp. (IMAX; IMX.TO) and TCL Multimedia Technology Holdings Ltd. announced a joint-venture partnership with Wasu Digital TV Media Group (WASU) as part of their IMAX TCL home theatre initiative. As one of China's largest digital content providers and one of five operators approved by the state to...

The European currency climbed further against the Canadian dollar in the European session on Wednesday. The euro advanced to a 5-day high of 1.5230 against the Canadian dollar around 5:40 am ET, from yesterday's closing quote of 1.5162. If the single currency extends its uptrend, it is likely to...

The European currency climbed against most major currencies in the early European session on Wednesday. Against the Yen and the kiwi, the single currency climbed to a 6-day high of 141.57 and nearly 2-week high of 1.6122 , from yesterday's closing quotes of 140.79 and 1.5983, respectively. The...

Canadian stocks extended gains for a second straight session to end higher Tuesday, on some mixed economic data from the U.S., even as the escalating tensions in eastern Ukraine limited gains. Investors continued to be cautious, looking ahead to more earnings and economic data due later this week. Despite...

Coal producer Walter Energy Inc (WLT) (WLT.TO) said Tuesday it will begin idling its Canadian operations, including the Wolverine and Brazion coal mines in British Columbia, in April 2014. The company will place its Wolverine mine on idle status effective immediately. Brazion will continue to...

Canadian stocks are giving back some gains after a solid start Tuesday, with investors turning a bit cautious and looking ahead to more earnings and economic data due later this week. Despite concerns about the unrest in Ukraine, weak commodity prices and a mixed batch of economic data from the U.S....