Algonquin Plans US Move, Redomicile From Canada
Algonquin Power & Utilities plans to shift its corporate domicile from Canada to the US, establish its headquarters in Chicago, and continue the company into Delaware, extending a restructuring that has already included the disposal of most of its renewable-energy business and a major reshuffling of debt. The Oakville-based utility said Friday that it expects […]
Canada Adds 75,000 Jobs in July as Unemployment Rate Slips to 6.4%
Canadian employment rose by 75,000 in July, a 0.4% gain that pushed the unemployment rate down a tenth of a point to 6.4%, Statistics Canada said Friday. The increase was split between full-time and part-time work. It also extended a stretch of steady hiring. Employment has climbed 181,000, or 0.9%, since April, with full-time positions […]
B2Gold Cuts Full Year Guidance Range After Fire Slows Goose Ramp Up
B2Gold (TSX: BTO) reported second quarter gold revenue of $789.4 million, down sharply from $1.16 billion in the first quarter, as the miner sold fewer ounces at a materially lower average price. Net income attributable to shareholders was $417 million, or $0.31 a share. A $292 million gain on the sale of the company’s 70% […]
NGEx Minerals to Spin Out Valle Ancho Copper-Gold Project
NGEx Minerals (TSX: NGEX) is handing its Valle Ancho copper-gold project to shareholders, carving out a new Lundin Group exploration company and running back a playbook that has worked well as of late. Under a statutory plan of arrangement announced Aug. 6, NGEx will transfer the project to a newly formed subsidiary, referred to for […]
Sponsored · Selkirk Copper Mines
IAMGOLD Posts $0.42 Adjusted EPS, Reaches Net Cash Position
IAMGOLD (TSX: IMG) reported second quarter revenue of $856.9 million, down from $1.03 billion in the first quarter, as a softer gold price outweighed a modest lift in output. Net earnings attributable to equity holders was $230.5 million, or $0.40 a share, compared with $379.7 million, or $0.65, three months earlier. Adjusted net earnings followed […]
Lundin Gold Earnings Ease to $0.84 a Share; Production Steady at Fruta del Norte
Lundin Gold (TSX: LUG) second quarter results came in below the pace it set to start the year, with a weaker realized gold price doing most of the damage. Revenue fell to $478 million from $567 million in the first quarter. Net income slipped to $220 million, or $0.91 a share, from $273 million, or […]
New Poll Finds Majority of Canadians Support Keeping Trans Mountain Public
A new Angus Reid survey finds a majority of Canadians want the federal government to keep Trans Mountain rather than sell it off, even years after its price tag ballooned past $34 billion.
Poilievre Loses Seventh Caucus Member as Brock Exits for Crown Attorney’s Office
The Ontario riding of Brantford-Brant South-Six Nations is headed for a byelection after its Conservative MP announced plans to step down.
Sponsored · Selkirk Copper Mines
Eligible Canadians Can Now Claim Up to $5,000 Over Government Account Breach
Eligible Canadians can now seek compensation from an $8.76 million government account breach settlement, although the widely advertised $5,000 figure is reserved for documented financial losses and sits within a fixed fund that must also absorb legal fees, administration expenses, and potentially thousands of approved claims. The claims window opened on August 4 and will close on February 3, […]
Canada Is “Nasty”, Trump Says
President Donald Trump called Canada and its leadership “nasty” during a speech in Las Vegas on Wednesday, escalating his public attacks on Ottawa as the two governments remain divided over trade and Canadian officials negotiate in Washington. “Canada’s nasty. They are. They’re nasty,” Trump said while discussing the tariffs imposed during his second term. “I […]