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TORONTO ? After more than 4 years of not so good news and uncertainty, Kinross Gold Corp. finally has a workable development arrange for its long-troubled Tasiast mine. The Toronto-based miner greenlighted the first phase of the two-step expansion plan at Tasiast on Wednesday. Kinross invested US$300 million in the first phase, which is expected to boost production in the ...

TORONTO – Real estate firm Avison Young says Toronto’s Yorkdale Shopping Centre was the country’s most profitable retail mall last year. In a new report, Avison Young says Yorkdale mall generated $1,610 in sales per sq . ft . in 2015. That bumped Vancouver’s CF Pacific Centre, which topped the list the year before, into second devote 2015. CF Pacific ...

The Canadian dollar rose towards the highest in eight months versus its U.S. counterpart following a report showed the nation’s economy growing at its fastest in three years. The currency strengthened for a fourth day, its longest streak of gains forever of February, as gross domestic product grew 0.6 percent in January from the month earlier, the biggest increase since ...

OTTAWA – Bill Morneau has spent a lot of his post-budget time criss-crossing the country to sell the Liberal’s deficit-heavy spending intends to Canadians. Now, the finance minister is taking that same message to the world’s largest financial centres – beginning in New York, and followed by stops in Paris and London. For Canadians, his message is really a familiar ...

Valeant Pharmaceuticals International Inc’s directors and key officers have received a cease-trade order through the securities regulator in the Canadian province of Quebec, around the company’s request, Valeant said on Thursday. In another statement, the Autorit Des Marches Financiers (AMF) said an order against trading shares becomes effective Thursday and it is in place for 15 days. Contained in the ...

MONTREAL –  TransCanada Corp will need to fight just one injunction request related to its Energy East pipeline project after a court ruling Wednesday. An environmental law group, acting on behalf of several organizations, was seeking an injunction to make TransCanada to become subject to Quebec’s Environment Quality Act. But Quebec Superior Court Justice Martin Castonguay ruled the court proceedings ...

Kinross Gold Corp. was upgraded to purchase from hold at TD Securities because the miner seems to being taking a wise approach with its expansion plan for the Tasiast gold mine in Mauritania. Analyst Greg Barnes also raised his price target on the stock to US$4.50 from US$3.50 after Kinross released recent results for its Phase 1 and Phase 2 ...

MONTREAL – Rona shareholders have overwhelmingly approved a $3.2-billion friendly takeover offer from U.S. home renovation chain Lowe’s. More than 99.9 percent of votes cast, representing 70.22 per cent of Rona’s 106.9 million common shares, supported the offer first announced nearly two months ago. The transaction pays Rona shareholders $24 cash per common share – about double exactly what the ...