Business Canada

More

  • OTTAWA, Feb 9- Canada's new Liberal government is set to unveil its first budget in the week of March 21, two sources with knowledge of the process said on Tuesday. The budget, which the Liberals have pledged will include major new spending aimed at boosting a flagging economy, is most likely to be presented to Parliament on Monday, March 21 or Tuesday, March 22, said one...

  • Agrium tops 4Q profit forecasts Tuesday, 9 Feb 2016 | 7:55 AM ET

    CALGARY, Alberta _ Agrium Inc. on Tuesday reported fourth-quarter earnings of $201 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.40 per share. Agrium expects full-year earnings to be $5.50 to $7 per share.

  • Falling electricity demand due to increased energy efficiency has spurred a spate of mergers in the United States, with utilities looking to cut their exposure to volatile power prices in unregulated markets. ITC shareholders will get $45 per share- $22.57 in cash and 0.7520 Fortis shares for each share they hold- a 14 percent premium to the stock's closing...

  • CALGARY, Alberta, Feb 9- Faced with record low prices for heavy crude, Canadian energy companies are sacrificing other parts of their business to keep higher-cost oil sands production going and safeguard the billions already invested in these multi-decade projects. Although the move to support higher-cost production seems counterintuitive, oil sands...

  • MONTREAL/ WASHINGTON Feb 8- Global aviation experts agreed on Monday to the first emissions-reduction standards for aircraft in a deal that will take effect with new models in four years, but environmental groups said the carbon dioxide cuts did not go far enough. The standards are aimed at makers of small and large planes alike and will apply to all new aircraft...

  • MONTREAL/ WASHINGTON Feb 8- Global aviation experts agreed on Monday to the world's first carbon dioxide emissions standards for new and existing aircraft programs, in a deal that environmental groups said does not go far enough. The new standards, aimed at makers of small and large planes alike, will apply to all new aircraft models launched after 2020, the...

  • NovaCopper reports 4Q loss Monday, 8 Feb 2016 | 6:30 PM ET

    VANCOUVER, British Columbia _ NovaCopper Inc. on Monday reported a loss of $2.1 million in its fiscal fourth quarter. The Vancouver, British Columbia- based company said it had a loss of 2 cents per share. For the year, the company reported that its loss narrowed to $9.5 million, or 12 cents per share.

  • MONTREAL/ WASHINGTON Feb 8- Global aviation leaders agreed on Monday to the world's first carbon dioxide emissions standards for new and existing aircraft manufacturing programs starting in 2020, two sources familiar with the matter said. The new standards, aimed at makers of small and large planes alike, were agreed to at the United Nations aviation agency...

  • MONTREAL, Feb 8- Global aviation leaders agreed on Monday to the world's first carbon dioxide emissions standards for new aircraft in production and new plane programs starting in 2020, three sources familiar with the matter said. The new standards were negotiated at the United Nations aviation agency in Montreal, after a rift between Europe and the United...

  • Spot prices of uranium, used to make fuel for nuclear power production, have been depressed since the 2011 Fukushima disaster in Japan, which led to the shutdown of all reactors in that country, generating burdensome stockpiles globally. Its stock plunged more than 5 percent in Toronto and New York around midday. Contracting looks to significantly pick up in...

  • Feb 8- Miner Tahoe Resources Inc said it would buy Canada's Lake Shore Gold Corp for about C $751 million to add low-cost gold mines in Ontario to its portfolio. Tahoe had also bought smaller rival Rio Alto Mining Ltd in a cash-and-share deal valued at C $1.4 billion last February to expand its presence in Latin America. Lake Shore Gold operates Timmins West and...

  • Feb 8- Miner Tahoe Resources Inc said it would buy Canada's Lake Shore Gold Corp for about C $751 million to add low-cost gold mines in Ontario to its portfolio. Lake Shore Gold operates Timmins West and Bell Creek mines in Timmins, Ontario, while Tahoe has a mine in Guatemala and two mines in Peru. "The combination with Lake Shore Gold enhances Tahoe's position as the...

  • MONTREAL/ WASHINGTON, Feb 7- Europe and the United States tried to bridge differences over emissions standards for aircraft on Sunday as global aviation leaders prepared to adopt new rules that could affect Boeing Co and Airbus Group's production of the largest jetliners and freighters. Proposals being debated in Montreal by the International Civil...

  • BOSTON— Tapping into Canadian hydropower is hardly a new concept in energy-starved New England. Among several plans yet to secure final approval are the $1.4 billion Northern Pass project, designed to bring 1,090 megawatts of Hydro- Quebec power through New Hampshire into southern New England and a 1,000- megawatt transmission line beneath Lake Champlain...

  • TORONTO, Feb 5- BlackBerry Ltd is cutting 200 jobs at its hometown headquarters in Ontario and in Florida in order to trim costs, it said on Friday, as the smartphone maker moves to turn around its fortunes and put more emphasis on its enterprise software business. The layoffs will affect 75 manufacturing jobs in Sunrise, Florida, a state government website showed.

  • DIARY-Top Economic Events to Feb 18 Friday, 5 Feb 2016 | 7:01 PM ET

    MONDAY, FEBRUARY 8 LOS ANGELES- Federal Deposit Insurance Corp Chair Martin Gruenberg speaks before the 2016 National Inter-agency Community Reinvestment Conference, "Pathways to Economic Opportunity," sponsored by the Federal Reserve Bank of San Francisco, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency and the...

  • The company reported a net loss of C $10 million, or 3 Canadian cents per share, attributable to shareholders for the fourth quarter ended Dec. 31. Cameco had a profit of C $73 million, or 18 Canadian cents per share, in the year-earlier quarter. The company took an impairment charge of $210 million related to the Rabbit Lake operation in the fourth quarter compared...

  • Cameco reports 4Q loss Friday, 5 Feb 2016 | 6:34 PM ET

    SASKATOON, Saskatchewan _ Cameco Corp. on Friday reported a fourth-quarter loss of $7.5 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Saskatoon, Saskatchewan- based company said it had a loss of 2 cents. Cameco shares have climbed slightly since the beginning of the year.

  • MONTREAL, Feb 5- Canadian investment in the Manhattan commercial property market is expected to stay strong this year after quadrupling to hit a record in 2015, real estate specialists said. Canadians accounted for almost a third of the $25.6 billion in foreign capital that poured into Manhattan commercial properties last year, with investment swelling to...

  • Separate data on Friday showed that in Alberta, where the country's vast oil sands are located, January's unemployment rate rose to its highest level since February 1996. In the Prairies, which include Alberta, Saskatchewan and Manitoba, starts in urban areas fell 8.9 percent to 29,273 units. "That makes a lot of sense given we're seeing a pretty dramatic slowdown...