Materials sector weighs on stocks in Toronto, U.S. markets trade lower

Materials sector weighs on stocks in Toronto, U.S. markets trade lower
TORONTO — Losses in the materials sector weighed on Canada’s main stock index in late-morning trading, while U.S. stock markets also moved lower. The S&P/TSX composite index was down 16.32 points at 16,171.78. In New York, the Dow Jones industrial average was down 85.17 points at 25,802.21. The S&P 500 index was down 8.78 points at 2,823.79, while the Nasdaq composite... Read More

Saskatchewan government to present first balanced budget in years

Saskatchewan government to present first balanced budget in years
REGINA — For the first time in years, the Saskatchewan Party government will present a budget that the finance minister has said is balanced. Donna Harpauer is to release the province’s 2019-2020 fiscal plan today and she’s said the government will keep its promise to return to the black. The plan to balance the books was set in motion three years ago under former premier Brad Wall... Read More

Canada’s main stock index down slightly after surging Monday

Canada’s main stock index down slightly after surging Monday
TORONTO — Canada’s main stock index was down slightly this morning following a significant gain Monday. The S&P/TSX composite index was off 19.79 points at 16,231.58 after 90 minutes of trading. The index had its highest close in nearly seven months on Monday after gaining 111.02 points. In New York, the Dow Jones industrial average was up 113.2 points at 26,027.30. The... Read More

Toronto stock market hits six-month high on rise in crude oil price

Toronto stock market hits six-month high on rise in crude oil price
TORONTO — Canada’s main stock index returned to its highest closing in nearly seven months as the price of oil surpassed US$59 per barrel for the first time since November. The S&P/TSX composite index closed up 111.02 points to 16,251.37. In New York, the Dow Jones industrial average was up 65.23 points at 25,914.10. The S&P 500 index was up 10.46 points... Read More

Energy sector helps lift Toronto market, price of oil climbs higher

Energy sector helps lift Toronto market, price of oil climbs higher
TORONTO — The energy sector helped lift Canada’s main stock index higher as the price of oil climbed higher in late-morning trading. The S&P/TSX composite index was up 52.96 points at 16,193.31. In New York, the Dow Jones industrial average was up 15.33 points at 25,864.20. The S&P 500 index was up 9.02 points at 2,831.50, while the Nasdaq composite... Read More

Inuit hope fresh deals with mining companies boost employment at new projects

Inuit hope fresh deals with mining companies boost employment at new projects
Inuit leaders are hoping a new cycle of mine expansion in Nunavut brings with it a motherlode of jobs and economic spinoffs. “Inuit are very eager and wanting to participate in the economy,” said P.J. Akeeagok of the Qikiqtani Inuit Association. His group recently signed an agreement with a mining company that has a billion-dollar expansion proposal before northern regulators. Baffinland’s Mary... Read More

Governments provide $90 million for Canadian Natural clean tech projects

Governments provide $90 million for Canadian Natural clean tech projects
CALGARY — The federal and Alberta governments are pledging almost $90 million to fund clean technology developments at major oilsands producer Canadian Natural Resources Ltd. The commitments are expected to result in a total investment of $415 million in three projects. More than half of the federal commitment of $72.3 million, about $45 million, will go to Titanium Corp., a company working with... Read More

Goldcorp says work has restarted at Cerro Negro mine in Argentina

Goldcorp says work has restarted at Cerro Negro mine in Argentina
VANCOUVER — Goldcorp Inc. says work at its Cerro Negro mine in Argentina has restarted following a stoppage by unionized workers at the mine. The gold miner says a conciliation process resolution has been issued by the provincial government of Santa Cruz and accepted. Workers represented by the Asociacion Obrera Minera Argentina stopped work on March 8. The company says... Read More

Goldcorp’s Telfer will not join Newmont board once acquisition is complete

Goldcorp’s Telfer will not join Newmont board once acquisition is complete
VANCOUVER — Goldcorp Inc. says its chairman, Ian Telfer, will not be joining the board of Newmont Mining Corp. after the U.S. gold miner completes its deal to buy the company. Newmont announced a friendly deal valued at US$10 billion to acquire Goldcorp in January. Telfer was to join the Newmont board as deputy chairman once the deal was completed.... Read More

Goldcorp says its Cerro Negro mine has been hit by an illegal work stoppage

Goldcorp says its Cerro Negro mine has been hit by an illegal work stoppage
VANCOUVER — Goldcorp Inc. says there has been what it called an illegal work stoppage by the AOMA mining union at its Cerro Negro mine in Argentina. The gold miner says it is working with the union and government authorities to find a resolution and restart operations. Mining ceased when the work stoppage began on March 8. Goldcorp says processing activities... Read More