Business News Canada

  • Feb 25- Canada's New Gold Inc said on Tuesday it has agreed to sell a 46% free cash flow interest in its New Afton mine to Ontario Teachers' Pension Plan for an upfront cash infusion of $300 million, which the gold miner will use to cut debt. Scotiabank was the financial adviser to New Gold, while Cassels Brock& Blackwell LLP and Lawson Lundell LLP were the legal...

  • BRUSSELS, BELGIUM - FEBRUARY 3: European Union Chief Brexit negotiator Michel Barnier makes a speech during a press conference in Brussels, Belgium on February 3, 2020.

    The EU and the U.K. are starting their first post-Brexit trade talks on Monday, in what European ministers are expecting to be "complicated" negotiations.

  • FRANKFURT/ DUESSELDORF, Germany, Feb 25- Two investor groups bidding for Thyssenkrupp's 16 billion euros elevator business are making last-minute tweaks to their binding offers this week and could nudge them higher, people familiar with the matter said. A consortium of Blackstone, Carlyle and the Canada Pension Plan Investment Board is competing with Advent...

  • Net income rose to C $2.26 billion, or C $1.84 per share, in the quarter ended Jan. 31, from C $2.11 billion, or C $1.71 per share, a year earlier.

  • TYENDINAGA, Ontario, Feb 24- Police on Monday made 10 arrests and cleared a rail blockade by an indigenous group in eastern Canada that had been stopping freight and passenger traffic for almost three weeks on one of the country's busiest lines. Tyendinaga Mohawk campaigners barricaded the line in solidarity with the Wet'suwet'en from British Columbia, who...

  • TYENDINAGA, Ontario, Feb 24- Police on Monday made 10 arrests and cleared a rail blockade by an indigenous group in eastern Canada that had been stopping freight and passenger traffic for almost three weeks on one of the country's busiest lines. Tyendinaga Mohawk campaigners barricaded the line in solidarity with the Wet'suwet'en from British Columbia, who...

  • WINNIPEG, Manitoba/ OTTAWA, Feb 24- Teck Resources Ltd's surprise decision to cancel a planned C $20.6 billion oil sands mine in northern Alberta, citing uncertainty about Canada's climate policy, underscores a global struggle to balance energy growth with environmental concerns. Numerous pipeline and drilling projects in the United States and Canada, the...

  • TYENDINAGA, Ontario, Feb 24- Police on Monday made multiple arrests and cleared a rail blockade by an indigenous group in eastern Canada that had been stopping freight and passenger traffic for 19 days on one of the country's busiest lines. Tyendinaga Mohawk campaigners barricaded the line in solidarity with the Wet'suwet'en from British Columbia, who are...

  • TYENDINAGA, Ontario, Feb 24- Police moved in on Monday morning to clear a rail blockade by an indigenous group in eastern Canada that had been stopping freight and passenger traffic for more than two weeks on one of the country's busiest lines. Canadian National Railway Co obtained an injunction against those preventing rail traffic from running along its...

  • WINNIPEG, Manitoba/ OTTAWA, Feb 24- Teck Resources Ltd's surprise decision to cancel a planned C $20.6 billion oil sands mine in northern Alberta, citing uncertainty about Canada's climate policy, underscores a global struggle to balance energy growth with environmental concerns. "It's pretty clear that the political climate and lack of cohesive agreement on...

  • TYENDINAGA, Ontario, Feb 24- Police moved in on Monday morning to clear a rail blockade by an indigenous group in eastern Canada that had been stopping freight and passenger traffic for more than two weeks on one of the country's busiest lines. Canadian National Railway Co obtained an injunction against those preventing rail traffic from moving along its trunk...

  • TORONTO, Feb 24- The Canadian dollar weakened to a near two-week low against its U.S. counterpart on Monday as spreading of the coronavirus epidemic outside of China worried investors, overshadowing a bigger-than-expected gain for domestic wholesale trade. Europe's share markets suffered their biggest slump since mid-2016, as a jump in coronavirus cases in...

  • TYENDINAGA, Ontario, Feb 24- Police moved in on Monday morning to clear a rail blockade by an indigenous group in eastern Canada that had been stopping freight and passenger traffic for more than two weeks on one of the country's busiest lines. Canadian National Railway Co obtained an injunction against those preventing rail traffic from moving along its trunk...

  • TYENDINAGA, Ontario, Feb 24- Police moved in on Monday morning to clear a rail blockade by an indigenous group in eastern Canada that had been stopping freight and passenger traffic for more than two weeks on one of the country's busiest lines. Canadian National Railway Co obtained an injunction against those preventing rail traffic from moving along its trunk...

  • Beautiful Bali on a budget.

    Approximately 2 million people stay in Airbnb properties every night. But what are the most sought-after places? Here are the most wish-listed homes from the past decade, all of which are still available for rent.

  • TORONTO, Feb 23- Teck Resources Ltd has withdrawn its application for its Frontier oil sands mine in Alberta, the Globe and Mail reported on Sunday, just days before the federal government was to decide on whether to approve the controversial project. The newspaper, citing two unnamed sources, said Teck decided to pull the project after a board meeting.

  • WINNIPEG, Manitoba, Feb 23- As Canadian Prime Minister Justin Trudeau considers whether to approve Teck Resources' Frontier oil sands project, roughly 20 others sit on the shelf as companies delay investment decisions hoping for new pipelines and higher prices. On Wednesday, Alberta approved Suncor Energy's 40,000 bpd Meadow Creek West project.

  • OTTAWA, Feb 21- Canadian Prime Minister Justin Trudeau on Friday demanded aboriginal groups lift damaging rail blockades but the protesters at the heart of the standoff remained defiant, saying their conditions had not yet been met. Protesters have blocked lines in Ontario, Quebec and Alberta in solidarity with a British Columbia aboriginal band seeking to...

  • OTTAWA, Feb 21- Canadian Prime Minister Justin Trudeau on Friday demanded aboriginal protesters lift rail blockades that are hurting the economy and made clear police should, if necessary, enforce injunctions to remove the obstacles. Protesters have blocked lines in Ontario, Quebec and Alberta in solidarity with a British Columbia aboriginal band seeking...

  • Feb 21- Canadian Prime Minister Justin Trudeau told reporters at a newsconference:. *RAIL BARRICADES NEED TO COME DOWN NOW. *ONTARIO PROVINCIAL POLICE ARE RESPONSIBLE FOR ENFORCING INJUNCTION TO END BLOCKADE NEAR BELLEVILE, ONTARIO.