Skip to content

National Business

Suncor keeps 2020 oil budget flat, approves $300-million wind farm project

Suncor keeps 2020 oil budget flat, approves $300-million wind farm project

CALGARY — Oilsands giant Suncor Energy Inc. says it will keep capital spending related to its oil operations flat next year while moving forward with a new $300-million wind power project in southern Alberta.
CN cuts profit guidance due to strike, layoffs still planned despite backlog

CN cuts profit guidance due to strike, layoffs still planned despite backlog

MONTREAL — Canadian National Railway Co. cut its profit forecast Tuesday in the wake of an eight-day strike by 3,200 workers that brought the railway to a near halt.

Endeavour Mining makes $2.5B bid for Centamin after failing to reach deal

TORONTO — Endeavour Mining Corp. is offering to buy Centamin PLC in a stock-swap deal that values the gold miner at roughly $2.5 billion, based on stock values just prior to the announcement.
Caltex rejects Couche-Tard takeover offer, opens door for revised bid

Caltex rejects Couche-Tard takeover offer, opens door for revised bid

MONTREAL — Caltex Australia Ltd., Australia's largest retail fuel and convenience chain, is rejecting a $7.7-billion takeover offer from Alimentation Couche-Tard Inc., however it is giving the Canadian company a chance to increase its bid.
HBC committee: Catalyst Capital's offer 'not reasonably capable of being consummated'

HBC committee: Catalyst Capital's offer 'not reasonably capable of being consummated'

TORONTO — A special committee of Hudson's Bay Co.'s board of directors says an offer letter from Catalyst Capital Group Inc. is "not reasonably capable of being consummated.
Trump campaign to stop giving credentials to Bloomberg News

Trump campaign to stop giving credentials to Bloomberg News

NEW YORK — President Donald Trump’s campaign said Monday it will no longer give credentials to Bloomberg News reporters to cover campaign events because of coverage “biases,” an accusation that the news organization rejects.
Semafo says mine in Burkina Faso won't reopen this year following attack

Semafo says mine in Burkina Faso won't reopen this year following attack

MONTREAL — Canadian miner Semafo Inc. says it does not expect to restart its Boungou mine in Burkina Faso this year after operations were halted because of a deadly attack against workers. On Nov.
Food safety regulator cancels licences of 3 companies in massive meat recall

Food safety regulator cancels licences of 3 companies in massive meat recall

The Canadian Food Inspection Agency has cancelled the licenses of three companies tied to a massive meat recall that ensnared nearly 900 beef and veal products, stopping the companies from slaughtering animals or preparing meat products "effective im

B.C. commits $50 million to improve Internet in rural and Indigenous communities

100 MILE HOUSE, B.C. — The British Columbia government will contribute $50 million to an ongoing internet connectivity program to bring high-speed services to rural, remote and Indigenous communities.

Centerra halts Kumtor operations as search continues for miners after rockslide

TORONTO — Centerra Gold Inc. says a search continues for two workers after a "significant rock movement" in a waste rock dump at its Kumtor mine in the Kyrgyz Republic.
Rogers Media
230 The Boardwalk Kitchener, ON, N2N 0B1 © 2006-2019 Rogers Media. All rights reserved.