Less than a year after the coal industry was declared to be in terminal decline, the fossil fuel has staged its steepest price rally in over half a decade, making it one of the hottest major commodities.
The largest shareholder in $1.69 billion McEwen Mining Inc., is betting his company and other smaller competitors will reap more gains from the next commodities upswing than debt-laden behemoths dominating the industry.
Calgary-based Gibson Energy (TSE:GEI) has confirmed it received an unsolicited acquisition proposal from overseas but that it is not interested in selling.
Valeant Pharmaceuticals International Inc.'s (TSE:VRX) U.S.-listed stock fell about 10 percent in premarket trading on Thursday after the Wall Street Journal reported that prosecutors had opened a criminal investigation into the Canadian drugmaker.
The economy lost 31,200 jobs in July as the number of workers with full-time jobs fell dramatically and fewer younger Canadians were employed, Statistics Canada reported today.
BCE Inc. (TSE:BCE), Canada's largest telecommunications company, reported a higher-than-expected quarterly profit as it added customers and earned more per subscriber in its wireless business.
CALGARY — Enbridge Inc. (TSE:ENB) and partner companies have struck a US$2-billion deal to buy about one-third ownership in a pipeline system that will carry crude oil from North Dakota to the U.S. Midwest and the U.S. Gulf Coast.
Cameco's (TSE:CCO) second quarter financial results, posted on Thursday, show the company was hit hard by the suspension of its mine in Rabbit Lake, Sask. in April.
Potash Corp. of Saskatchewan Inc. (TSE:POT) cut its dividend and its earnings guidance on Thursday as it continues to struggle with weak fertilizer prices.
