Market News

OpenText (TSE:OTC) to buy some HP Inc assets 

Canadian business software maker OpenText Corp said it would buy HP Inc's customer management software business for $315 million.

Lithium penny stock investors should think cobalt too

Jon Hykawy examines the case for the celebrated metal and its overlooked partner Greg Klein | June 17, 2016 | ResourceClips.com: Even with his own “c...

Kirkland Lake Gold (TSE:KGI) makes mysterious management change 

The news, when it came following a period of differences of view on strategy between the board and management was delivered very late Sunday night: CEO George Ogilvie was gone.

Canadian junior miner caught up in murder, corruption scandal 

Vancouver's Pacific Wildcat faced millions in losses when Kenya cancelled its project, prompting cries of corruption, but that turned out to be just a precursor to something much worse.

Microsoft buying LinkedIn for $26.2 billion

Microsoft Corp. (NASDAQ:MSFT) agreed to buy LinkedIn Corp (NASDAQ:LNKD) for $26.2 billion in cash, the companies said in a statement on Monday. The offer of $196 per share represents a premium of 49.5 percent to LinkedIn's Friday closing price.

Big miners in trouble as boom gains wiped out

Accounting firm PwC found the globe's 40 biggest miners made a collective loss of $US27 billion ($37 billion) in 2015, the first loss across the entire industry, hit by China's slowing economy and a 25 per cent fall in commodity prices last year.

Billionaires Back A Gold Price Rally In 2016

Billionaires are dumping massive amounts of money into gold right now and seeing huge returns. They are now ahead of a game that has seen prices rise almost 14 percent this year—even with the recent correction.

Dollarama Inc. (TSE:DOL) profit soars on higher sales, margin

MONTREAL - Dollarama's (TSE:DOL) cash registers rang up a strong first quarter with double-digit increases in both sales and profit. The Montreal-based retailer's net income rose by 28.4 per cent to $83.2 million from $64.8 million.

Valeant Pharmaceuticals International (TSE:VRX) stock drops after profit mi...

Valeant Pharmaceuticals International Inc. cut its 2016 profit forecast as new Chief Executive Officer Joseph Papa starts his attempt to turn around the embattled drugmaker. The shares plummeted in early trading.

Centerra Gold (TSE:CG) faces criminal probe in Kyrgyz Republic

TORONTO - Centerra Gold Inc. (TSE:CG) says its Kumtor subsidiary is the target of a fresh criminal investigation by the Kyrgyz Republic and that several senior managers have been advised they won't be allowed to leave the central Asian country.

Hong Kong Billionaire Bets on NexGen Energy (CVE:NXE), Uranium

Hong Kong’s richest man Li Ka-shing is making a bet that uranium prices, down more than 60 percent from a 2011 record, are set for a comeback.

CIBC, Scotia extends relationship with fintech player 

Canadian Imperial Bank of Commerce and Bank of Nova Scotia are stepping up their involvement with fintech firm Thinking Capital, the latest example of deepening ties between Canada’s big banks the financial technology firms that are increasingly challenging them on their own turf.

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