Montem Resources

Montem Resources
  Montem Resources is a steelmaking coal development company with assets in the Crowsnest Pass, Alberta, Canada. Their two main projects are the Tent Mountain Mine and the Chinook Project. Montem’s team is predominantly made up of Canadian and Australian miners, with a history of successfully building and managing coal mines. They have a small office in Vancouver and Melbourne,... Read More

Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,184.54, up 63.16 points.) Suncor Energy Inc. (TSX:SU). Energy. Down 76 cents, or 4.67 per cent, to $15.50 on 10.9 million shares. Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Down 73 cents, or 3.42 per cent, to $20.61 on 10 million shares. Cenovus... Read More

North American stock markets rise to start the fourth quarter with boost for tech

North American stock markets rise to start the fourth quarter with boost for tech
TORONTO — North American stock markets started the fourth quarter higher with investors again turning to the tech sector amid some disappointing economic signals in the U.S. “I think we’re moving back to the trades that have been working for the vast majority of 2020,” said Mike Archibald, vice-president and portfolio manager with AGF Investments Inc. “Technology is working extremely... Read More

Bank technical issues causes delay in payments for teachers: Newfound

Bank technical issues causes delay in payments for teachers: Newfound
The Newfoundland and Labrador government is advising teachers and other individuals receiving wages or income support from the province that payments may be delayed. In a statement, treasury board secretariat Chrysta Collins says the delays are being caused by technical issues being experienced by various banking institutions. Collins says the province is continuing to work with its bank, the Canadian... Read More

NuVista shares jump on potential takeover bid by oil and gas rival Paramount

NuVista shares jump on potential takeover bid by oil and gas rival Paramount
CALGARY — Shares in NuVista Energy Ltd. jumped by as much as 18.7 per cent to 76 cents after Calgary rival Paramount Resources Ltd. revealed it has accumulated a 17.6 per cent equity stake and may make a takeover bid. In a news release, Paramount says it made a block trade through the Toronto Stock Exchange to buy 17.3 million... Read More

Toronto real estate poses bubble risk, while Vancouver homes are overvalued, UBS says

Toronto real estate poses bubble risk, while Vancouver homes are overvalued, UBS says
TORONTO — UBS says Toronto is one of seven world cities most at risk of a residential real estate bubble. Toronto scored 1.96 in the UBS Global Real Estate Bubble Index, the third-highest score below Frankfurt and Munich, which scored 2.26 and 2.35, respectively. The bank’s report scores 25 cities across the world, sorting them into four tiers: bubble risk,... Read More

Google to pay $1 billion over 3 years for news content

Google to pay $1 billion over 3 years for news content
LONDON — Google will pay publishers $1 billion over the next three years for their content, the company’s latest effort to diffuse tensions over its dominance of the news industry. The company said Thursday that it has signed agreements for its news partnership program with nearly 200 publications in Germany, Brazil, Argentina, Canada, the U.K. and Australia. “This financial commitment... Read More

Airline unions call on Trudeau for $7 billion in loans for ailing industry

Airline unions call on Trudeau for $7 billion in loans for ailing industry
TORONTO — Labour leaders are calling on Ottawa to provide immediate financial aid to an airline industry devastated by the COVID-19 pandemic. The heads of two pilots’ unions and Unifor have asked the federal government to offer carriers one per cent loans to the tune of $7 billion in total. The labour groups are seeking a combination of loan guaranties... Read More

Infrastructure bank to invest $10 billion in priority areas for pandemic recovery

Infrastructure bank to invest $10 billion in priority areas for pandemic recovery
OTTAWA — Prime Minister Justin Trudeau outlined Thursday how the Canada Infrastructure Bank intends to invest $10 billion in projects meant to create 60,000 jobs and contribute to the fight against climate change. “We will continue to do what it takes to support Canadians through this crisis, safely get our economy back up and running, and get people back to... Read More