Business
Mining giant Anglo-American rejects BHP’s $39 billion takeover offer, says it’s ‘opportunistic’
By The Associated Press on April 26th, 2024
LONDON (AP) – U.K.-based mining giant Anglo American has rejected a 31 billion pound ($39 billion) takeover offer from BHP Group, saying it significantly undervalues the company and its growth potential. Anglo said Friday that its board unanimously rejected the “unsolicited” and “highly conditional” bid from BHP, which was announced a day earlier. The deal ... Read More »
Be the first to comment!Red gold: Climate change plays role as saffron cultivation comes to Nova Scotia
By Hina Alam, The Canadian Press on April 26th, 2024
When Matthew Roy moved from New Hampshire in 2020 to start a farm in southwestern Nova Scotia, one of the new crops he zeroed in on was saffron. A spice so expensive that it has been dubbed red gold, saffron is traditionally grown in Iran, India, Afghanistan, Spain and a handful of other countries. “We ... Read More »
Be the first to comment!As the climate changes, so too do Canadians’ farm fields and dinner tables
By The Canadian Press on April 26th, 2024
Canada’s farm fields are in the midst of a transformation. As the country rapidly warms from human-caused climate change, farmers are being pushed to reconsider conventional wisdom about what can and can’t survive in this northern climate. Crops are getting planted later in the year than ever as killer winter frost delays its arrival in ... Read More »
Be the first to comment!Documents reveal Ottawa’s efforts to get Loblaw, Walmart on board with grocery code
By Rosa Saba, The Canadian Press on April 26th, 2024
It was evident to the federal government as early as last fall that Loblaw and Walmart might be holdouts to the grocery code of conduct, jeopardizing the project’s success. Documents obtained through access to information legislation shed new light on the federal government’s efforts to convince the two retailers to sign the grocery code of ... Read More »
Be the first to comment!Booze-free bottle shops aim to showcase variety, educate consumers
By Ritika Dubey, The Canadian Press on April 26th, 2024
Jonathan Barembruch and his wife would often sit with a glass of wine and unwind after long days at work. But when his wife became pregnant, Barembruch decided to find an alternative for their after-work tradition, setting out to find the best non-alcoholic drinks so the two could still carry on their evening ritual. Several ... Read More »
Be the first to comment!TFI International reports lower earnings for first quarter, revenue rises
By The Canadian Press on April 25th, 2024
MONTREAL – TFI International Inc. says its net income for the first quarter was US$92.8 million, down from US$111.9 million a year earlier. The Montreal-based transportation and logistics company says revenue totalled US$1.87 billion, up from US$1.85 billion during the same quarter last year. The company said its operating income decreased due to lower revenues ... Read More »
Be the first to comment!S&P/TSX composite ekes out gain, U.S. stock markets fall
By The Canadian Press on April 25th, 2024
TORONTO – Canada’s main stock index eked out a gain Thursday thanks to energy and base metals, while U.S. stock markets fell, though they managed to pare back deeper losses from the morning. The S&P/TSX composite index closed up 11.66 points at 21,885.38. In New York, the Dow Jones industrial average was down 375.12 points ... Read More »
Be the first to comment!Stock market today: Wall Street falls on double dose of disappointing economic data, as Meta sinks
By Stan Choe, The Associated Press on April 25th, 2024
NEW YORK (AP) – Stocks closed lower on worries about a potentially toxic cocktail for financial markets, one where inflation remains stubbornly high but the economy’s growth flags. A sharp drop for Meta Platforms, one of Wall Street’s most influential stocks, also dragged the market lower. The S&P 500 fell 0.5% Thursday after paring an ... Read More »
Be the first to comment!Precision Drilling seeing boost in demand as Trans Mountain start nears
By The Canadian Press on April 25th, 2024
CALGARY – The completion of the Trans Mountain pipeline expansion is leading to a boom in demand for drilling services, said Precision Drilling chief executive Kevin Neveu. The contract driller is seeing demand exceed its expectations, he said on an earnings call Thursday, as the expansion of the crude oil pipeline to the West Coast ... Read More »
Be the first to comment!Here’s a list of recent electric vehicle and battery plant announcements in Canada
By Ritika Dubey, The Canadian Press on April 25th, 2024
Honda Motor Co. plans to build a $15-billion electric vehicle battery plant next to its Alliston, Ont., plant, which it will retool to produce EVs, the company announced on Thursday. The project includes up to $5 billion in public funding and is the latest in a string of EV-related announcements, many of which also saw ... Read More »
Be the first to comment!Mining giant BHP Billiton makes $39 billion bid for Anglo American to expand copper operations
By Pan Pylas, The Associated Press on April 25th, 2024
LONDON (AP) – Shares in U.K.-based mining giant Anglo American surged Thursday after it received a 31 billion-pound ($39 billion) takeover approach from rival BHP Billiton, a deal that would create the world’s biggest copper miner, with around 10% of global output – a hugely lucrative market in the transition to clean energy. Anglo American’s ... Read More »
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