Business
Yamana signs deal with Pan American and Agnico Eagle after Gold Fields stands pat
By The Canadian Press on November 8th, 2022
TORONTO – Yamana Gold Inc. has signed a deal to be acquired by Pan American Silver Corp. and Agnico Eagle Mines Ltd. after Gold Fields Ltd. waived its right to match the rival bid for the gold miner. The company ruled last week that the offer by Pan American and Agnico Eagle was a “superior ... Read More »
1 responseTransAlta reports Q3 profit, raises dividend and financial guidance
By The Canadian Press on November 8th, 2022
CALGARY – TransAlta Corp. increased its dividend as it reported a third-quarter profit compared with a loss a year ago and raised its financial guidance for the year. The power utility says it will now pay a quarterly dividend of 5.5 cents per share, up from five cents per share. The increased payment to shareholders ... Read More »
Be the first to comment!Maple Leaf Foods takes plant protein business charge and reports Q3 loss, sales up
By The Canadian Press on November 8th, 2022
MISSISSAUGA, Ont. – Maple Leaf Foods Inc. reported a third-quarter loss of $229.5 million as it took a one-time charge related to the value of its plant protein business. The company says the loss amounted to $1.86 per share for the quarter ended Sept. 30 compared with a profit of $44.5 million or 36 cents ... Read More »
Be the first to comment!Election day? More like election week as experts, officials warn of delayed results
By James McCarten, The Canadian Press on November 8th, 2022
WASHINGTON – Last-minute voters are headed to the polls across the United States today – but the results of the 2022 midterm elections may not be clear for days. Campaign officials and political observers are warning Americans that they likely won’t know the final outcome before the end of the week. The growing popularity of ... Read More »
1 responseStranded passengers call for more accountability for WestJet flight cancellations
By Caitlin Yardley, The Canadian Press on November 7th, 2022
MONTREAL – Passengers are calling on airlines to do more for customers stranded due to the latest wave of flight cancellations to impact Canadian travellers. A system-wide outage at WestJet on Saturday led to the cancellation of over 200 WestJet, Swoop and Sunwing flights over the weekend. The airline later said the problem was caused ... Read More »
1 responseUniversity of Calgary diagnostic hub aims to advance research into fighting infection
By The Canadian Press on November 7th, 2022
CALGARY – A new research and testing centre at the University of Calgary will focus on improving diagnostics for detecting serious infections. The Alberta Centre for Advanced Diagnostics aims to become a new hub in the global push to advance diagnotic technology. Director Dr. Ian Lewis says the facility will use Alberta’s consolidated health-care system ... Read More »
1 responseS&P/TSX composite up almost 100 points Monday, U.S. markets also up
By The Canadian Press on November 7th, 2022
TORONTO – Canada’s main stock index was up by nearly 100 points Monday, with broad-based gains in most sectors, while U.S. stock markets also climbed higher. The S&P/TSX composite index was up 96.10 points at 19,545.91. In New York, the Dow Jones industrial average was up 423.78 points at 32,827.00. The S&P 500 index was ... Read More »
1 responseWall Street climbs ahead of Election Day, inflation data
By Damian J. Troise, The Associated Press on November 7th, 2022
NEW YORK (AP) – Stocks rose on the eve of Election Day as Wall Street looked ahead to the benefits of a possibly split government in Washington, though trading is likely to stay bumpy in a week full of events that could shake the market. The S&P 500 rose 1%, while the Dow Jones Industrial ... Read More »
1 responseRogers pushes back against competition watchdog on first day of hearing on Shaw deal
By The Canadian Press on November 7th, 2022
OTTAWA – Rogers Communications Inc. is pushing back against Canada’s competition watchdog in the first day of a weeks-long hearing on its $26-billion proposed takeover of Shaw Communications Inc., arguing that the deal is “pro-competitive.” Earlier in the day, the regulator reinforced its opposition to the takeover and intention to fully block it. In the ... Read More »
1 responseBroad union support for general strike unprecedented, labour experts say
By The Canadian Press on November 7th, 2022
TORONTO – Labour experts say a broad outpouring of support from unions for education workers in their fight with Ontario Premier Doug Ford was unprecedented and could galvanize workers at the bargaining table in the weeks and months to come. The Ford government backed down Monday as it promised to repeal a law that made ... Read More »
Be the first to comment!Shaw pushes back against competition watchdog in first day of hearing on Rogers deal
By The Canadian Press on November 7th, 2022
OTTAWA – Shaw Communications Inc. is pushing back against Canada’s competition watchdog, arguing that a full block of Rogers Communications Inc.’s $26-billion proposed takeover would set the telecom industry back a generation. In its opening arguments on the first day of a weeks-long public hearing before the Competition Tribunal, Shaw called the Competition Bureau’s desire ... Read More »
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