The Tasiast mine in Mauritania has been a giant black cloud over Kinross Gold Corp. for a long time. The company badly overpaid for Tasiast in 2010, if this spent an astounding US$7.1 billion to buy Red Back Mining Inc. (the mine’s former owner). And since then, there has been a steady flow of not so good news, writedowns and ...

TORONTO – French’s ketchup has won over another fan – the company that runs A&W restaurants in Canada. A&W says it has now chose to serve French’s Tomato Ketchup and Classic Yellow Mustard in all of its restaurants across Canada. The company has 850 locations across the nation, which makes it the second-largest burger chain in Canada. Related ‘Don’t take ...

NEW YORK – Fed Chair Janet Yellen said Tuesday the Fed still envisions a gentle pace of interest rate increases considering global pressures that could weigh on the U.S. economy. Yellen did not specify a timetable for further hikes to follow along with the Fed’s rate rise in December from record lows. She said the risks towards the Usa remain ...

TransCanada Corp. raised $4.42 billion (US$3.37 billion) in the largest share sale in Canadian history, based on people acquainted with the sale, sending energy financings in the country towards the best begin in a minimum of two decades as oil prices rebounded. TransCanada’s equity sale to help fund its purchase of Columbia Pipeline Group Inc. eclipsed Barrick Gold Corp.’s $4.33 ...

Norfolk Southern Corp. says it might be prepared to sit down with Canadian Pacific Railway Ltd. to go over its takeover proposal, but only if it were “to meaningfully increase the consideration it’s offering.” In the meantime, the Virginia-based railway is urging its shareholders to vote against CP’s attempt to pressure its board into entering “good faith discussions” about the ...

CALGARY — Cequence Energy Ltd. has abruptly replaced its leader and dismissed two of its vice-presidents included in a strategic alternation in direction and cost-cutting efforts because of low natural gas prices. The company has promoted Todd Brown as CEO, replacing Paul Wanklyn immediately. Brown continues to be the company’s chief operating officer since August 2014 and Wanklyn has been ...

TORONTO – Accounting giant KPMG says Canada has proven to be second best market in a comparison test of 10 leading industrial countries. Top 10 competitive countries Accounting giant KPMG says Canada was the second most competitive market inside a comparison of 10 leading industrial countries. Following may be the list of countries so as.1. Mexico2. Canada3. The Netherlands4. Italy5. ...

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 ...