A federal judge on Wednesday granted class certification for a U.S. class-action lawsuit filed against Barrick Gold Corp claiming Barrick misstated facts of their now halted Pascua-Lama gold-mine project on the border of Argentina and Chile. The class certification means the world’s largest gold producer will have to face the U.S. lawsuit. U.S. District Judge Shira Scheindlin in Manhattan said ...

There might not be an association just a few weeks after Madalena Energy announced a “strategic” acquisition along with a $27 million equity financing C two transactions that were cancelled  – the organization has a new interim chief executive. On Thursday the company, which earlier this month announced instructions of intent to get one more 10 percentage point stake within ...

OTTAWA – It’s the Bank of Canada’s turn to weigh in on the country’s economy. Why the budget set an ‘excessively low bar’ with US$25 oil price The Liberal government could still meet its budget targets if oil prices fall to US$25 a barrel this season and Canada’s economy only grows by one percent. Read more Monetary policy officials have ...

Barrick Gold Corp.awarded Executive Chairman John Thornton US$3.08 million as a whole compensation, 76 percent under this past year, after he threw in the towel his bonus within the wake of investor criticism of pay packages at the world’s largest gold producer. Thornton, 62, received a salary of US$2.5 million, US$204,090 in other compensation along with a pension value of US$375,000, the ...

Bombardier Inc. might be able to unload most the CSeries to the federal and Quebec governments if “Bailout 3.0” qualifies, prompting Scotiabank to upgrade the company’s shares. Bombardier has asked the federal government for US$1 billion, matching the contribution produced by the Quebec government within the fall. If the company’s wish is granted, it’s likely the troubled CSeries jet program ...

Donald Trump has said he would think about a freeze on oil purchases from Saudi Arabia unless it committed to fighting ISIL in Syria. The Republican frontrunner said the U.S. had suffered “tremendous monetary hits” in its combat the Islamic State of Iraq and the Levant (ISIL), which was time for the Saudi kingdom to create a contribution. In the ...

Despite the more than Half gain in oil since mid-February and prices looking relatively stable around US$40 per barrel, few are convinced the force is here now to remain.Commodity analysts at Macquarie Capital are calling for a correction in oil prices to the mid-US$30 to low-US$30 range. “Although we’re constructive over the medium and long-term, the current oil price recovery ...

Following the recent crude oil price rally, economists say Canada’s economy risks getting caught in a bind where oil prices are not quite sufficient however the loonie is not very reasonable enough. Canada’s dollar has already established a strong rebound in the past month, rising from about 68 cents from the U.S. dollar to 76 cents by Monday. Oil prices ...