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The Japanese yen declined against its key counterparts in early New York deals on Thursday. The yen fell to a 1-week low of 119.30 against the greenback, 3-day lows of 186.35 against the pound, 102.78 against the loonie, 97.60 against the aussie and 92.26 against the kiwi. The yen fell back to...

Saputo Inc. (SAP.TO) announced that it agreed to sell its Bakery Division, Saputo Bakery Inc, to Canada Bread Company Limited, a subsidiary of Grupo Bimbo S.A.B. de C.V (GRBMF.PK), for C$120 million in cash. The transaction is subject to the usual conditions, including approval by the Canadian Competition...

Canadian stocks look set to open on a bright note Thursday, extending previous session's gains, with the U.S. Federal Reserve unlikely to hike interest rates anytime soon. Positive data on U.S. initial jobless claims for the week ended December 13 will aid sentiment. Gains in European markets...

Canadian convenience store operator Alimentation Couche-Tard, Inc. (ANCUF, ATD_B.TO, ATD_A.TO) agreed Thursday to acquire U.S. peer Pantry, Inc. (PTRY) for $36.75 per share in an all-cash deal valued at about $1.7 billion, including debt assumed. The deal will strengthen Couche-Tard's position in the...

International Tower Hill Mines Ltd. (THM, ITH.TO) said that Mr. Tom S. Q. Yip will resign as the Chief Financial Officer of the Company, effective December 31, 2014, to pursue other interests. The company will immediately begin to evaluate the most cost effective structure to fulfill the CFO responsibilities...

Barrick Gold Corp. (ABX, ABX.TO) announced it will initiate procedures to suspend operations at the Lumwana copper mine in Zambia following the passage of legislation that raises the royalty rate on the country's open pit mining operations to 20 percent from six percent. The new taxation regime, which...

Sony-Interview-121814.jpg The terrorists, in this case, have won. In an unprecedented move that may have far-reaching cultural and political effects, Sony Pictures has scrapped the release of "The Interview." The plot of the film, a comedy starring Seth Rogen and James Franco, revolves around a fictional assassination...

Alimentation Couche-Tard Inc. (ANCUF.PK, ATD_B.TO, ATD_A.TO) and The Pantry Inc. (PTRY) announced a definitive merger agreement under which Couche-Tard will acquire The Pantry in an all-cash transaction valued at $36.75 per share, with a total enterprise value of approximately $1.7 billion including...

The Canadian dollar continued to trade firm against its most major rivals in Europe on Wednesday. The loonie hit a 1-week high of 1.4252 against the euro and a 3-day high of 102.48 against the yen, from yesterday's closing values of 1.4351 and 99.93, respectively. The loonie edged up to 1.1568...

Timmins Gold Corp. (TMM.TO, TGD) announced that it has entered into an Asset Purchase Agreement with Goldgroup Mining Inc. (GGA.TO) to purchase 100% of the Caballo Blanco Gold Project, a gold development project in Veracruz State, for total consideration of US$10 million in cash and 16.1 million Timmins...

The Australian dollar advanced against its major opponents in European deals on Thursday, as European markets advanced after Swiss National Bank's stimulus measures and on Fed's commitment to start tightening by next year. The aussie climbed to 0.8198 against the greenback and 0.9520 against the kiwi,...

The euro lost ground against most major rivals ahead of European deals on Thursday. The single currency slipped to 1.2277 against the greenback, its lowest since December 8. Against the pound, the euro hit a 6-day low of 0.7889. The euro reached as low as 145.83 versus the yen, from an early high...

Caza Oil & Gas, Inc. (CAZ.TO, CAZA.L) announced Thursday two more strong results for its Bone Spring program with the first development well on the non-operated Marathon Road Property and the initial test well on the recently acquired and operated East Marathon Road Property. The company noted thatin...

The Canadian dollar advanced against the euro in late Asian deals on Thursday. The loonie hit a 6-day high of 1.4339 against the euro, compared to yesterday's closing value of 1.4351. The next possible resistance for the loonie is seen around the 1.42 mark.

Pan American Silver Corp. (PAA.TO, PASS, PAAS) said the Toronto Stock Exchange has accepted the company's notice of its intention to make a normal course issuer bid to purchase up to 7.58 million of its common shares, representing up to 5 percent of Pan American's issued and outstanding shares as of...