Barrick Plans Asset Shuffle and Unit Spinoff
Barrick Mining Corp. announces strategic shift to reduce high-risk exposure and pursue acquisitions while preparing to spin off North American operations after sixth year of declining production.
Category : Business
Fuel Spill Closes Highway in Nauwigewauk, N.B.
A significant fuel spill has led to the closure of Route 1 in Nauwigewauk, New Brunswick, with police blocking ramps and cleanup efforts underway to address environmental and safety concerns.
Vancouver Developer Offers Free Weekend Stays to Potential Buyers
Wesgroup's ACE On The Drive project in Vancouver is offering pre-qualified buyers a chance to experience condo living for a weekend before purchasing, complete with local gift certificates.
Renovator Loses Lawsuit After Doubling Home Renovation Estimate
A B.C. Supreme Court judge dismissed a breach-of-contract lawsuit against a Campbell River couple who fired their renovator after the estimated cost doubled from $35,350 to $70,000.
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Aritzia Shares Soar on Spring Collection Boost, Peace Hopes
Vancouver-based clothing retailer Aritzia saw its stock jump 9.5% to US$124.99, leading Canadian markets as spring collection sales doubled and optimism about Middle East peace boosted risk sentiment.
Oil Price Surge Adds Pressure to Canadian Farmers' Seeding Season
Geopolitical tensions in the Middle East have driven fuel costs to unprecedented levels, creating significant financial challenges for Canadian farmers as they begin the critical spring seeding season across the country.
Oil Prices Climb with Strait of Hormuz Blocked, Ceasefire at Risk
Oil prices rebounded sharply after their biggest one-day drop since 2020 as the Strait of Hormuz remains largely blocked and Israeli attacks on Lebanon threaten the fragile Middle East ceasefire, causing major market disruption.
Alberta Considers Tougher Driving Tests for Safety
Alberta Transportation Minister Devin Dreeshen is examining stricter driver licensing standards as police report declining road skills among motorists, with potential changes to both practical and knowledge exams.
Chevron Forecasts $2.2B Upstream Earnings Rise on Q1 Prices
Chevron anticipates a significant boost in upstream earnings, up to US$2.2 billion, driven by elevated first-quarter oil and gas prices, signaling strong performance amid market volatility.
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Seven & i Delays North America Business Listing
Japanese retail giant Seven & i Holdings postpones the planned public listing of its North American operations, citing market conditions and strategic review needs.
Shoplifting Surge Hits Canadian Small Businesses: Data
Recent data indicates a significant increase in shoplifting and related crimes affecting small businesses across Canada, prompting discussions on effective response strategies for owners and communities.
Oil Prices Jump Near $100 on U.S.-Iran Ceasefire Doubts
Oil prices have climbed back to nearly US$100 per barrel as market skepticism grows over a fragile ceasefire between the U.S. and Iran, impacting global energy markets.
Time Favors Canada in CUSMA Talks, Former Negotiator Says
Steve Verheul, former chief trade negotiator, argues Canada should wait for optimal terms in CUSMA review as U.S. economic pressures mount and Iran war disrupts supply chains.
BlackBerry Forecasts Upbeat Revenue, Turnaround Complete
BlackBerry projects strong quarterly revenue growth and announces the successful completion of its multi-year corporate turnaround strategy, signaling a new chapter for the tech firm.
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U.S. Dollar Surpasses Canadian Dollar as Top Petrocurrency
The Canadian dollar has lost its petrocurrency status to the U.S. dollar due to structural economic changes and the shale revolution, with recent market movements highlighting this transition.
Aduro Awards Permitting Contract to Ebert HERA for Chemelot Project
Aduro Clean Technologies has awarded a contract to Ebert HERA to lead the permitting process for its first-of-a-kind industrial facility at Chemelot Industrial Park in the Netherlands, advancing its waste-to-resources technology.
NowVertical Group Q4 2025 Financial Results Report
NowVertical Group Inc. announces its fourth quarter 2025 financial results, revealing revenue declines due to foreign exchange impacts in Argentina and lower reseller revenue, while highlighting growth in strategic accounts and enterprise relationships.
Ottawa Man Killed in ATV Crash in West End
A man has died following an ATV crash in Ottawa's west end, with police investigating the incident. The tragic event highlights ongoing safety concerns with off-road vehicles in urban areas.
Ottawa Real Estate Sales Drop 5% in Cold March Market
Ottawa's real estate market experienced a 5% drop in sales during March, reflecting a slowdown. The Canadian Real Estate Association predicts price fluctuations, with a 4.8% decrease expected for 2023 followed by a rise in 2024.
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Entrée Resources Updates JV Licenses and Exploration Results
Entrée Resources Ltd. provides an update on the transfer of joint venture mining licenses in Mongolia and releases drill and regional exploration results from the Oyu Tolgoi project, highlighting progress and negotiations with the government.
OC Transpo Update on O-Train Line 1 Spalling Issue
OC Transpo is set to provide a crucial update on the spalling issue affecting O-Train Line 1, addressing ongoing service disruptions and safety concerns for Ottawa commuters.
Caisse, Prologis Form European Logistics Joint Venture
Quebec's Caisse de dépôt et placement du Québec partners with global logistics giant Prologis to create a major European logistics real estate joint venture, expanding its international portfolio.
Coppernico Options Concessions at Sombrero Project in Peru
Coppernico Metals Inc. has secured an option on 600 hectares of mineral concessions adjacent to its Tipicancha target in Peru, enhancing its land position for copper-gold exploration.
LNG Canada Gas Flaring Exceeds Permit Limits
Internal documents show LNG Canada's gas flaring operations have significantly exceeded the volumes allowed under environmental permits, raising concerns about regulatory compliance and emissions.
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Miner Rescued After Two Weeks in Mexico Mine Collapse
A miner in Mexico has been rescued alive following a two-week ordeal after a mine collapse, highlighting ongoing safety concerns in the country's mining sector.
Majority of Canadians Plan to Shop Second-Hand This Year
A new survey reveals that 60% of Canadians intend to purchase pre-owned items this year, driven by cost-of-living pressures and environmental concerns.
Goldys Breakfast Cereal Travels to Space with Canadian Astronaut
Goldys, a Canadian breakfast company, has achieved a historic milestone as its Strawberry Lavender Superseed cereal was selected by astronaut Jeremy Hansen for the Artemis II mission after rigorous testing with NASA and the Canadian Space Agency.
BMO Launches Institute for Quantum Computing and AI Research
Bank of Montreal establishes new institute to enhance quantum computing and artificial intelligence capabilities, aiming to optimize portfolios and improve anti-money laundering processes.
Architects Offer Fixes for Decaying 24 Sussex Drive PM Residence
The official prime minister's residence at 24 Sussex Drive remains uninhabitable after a decade, with architects proposing renovation, rebuild, or relocation options amid government paralysis.
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Gas Prices to Drop in Ottawa Today and Friday
Motorists in Ottawa can expect a significant drop in gas prices today and on Friday, providing relief amid recent spikes. Experts attribute the decrease to market adjustments and seasonal factors.
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