Justice Edward Belobaba from the Ontario Superior Court on Friday approved a $17-million settlement in a securities class action lawsuit brought against gold miner Agnico-Eagle Mines Ltd. and three of their executives. Before signing off on the settlement, he expressed concern that judges might not be putting proposed settlements through enough scrutiny.  “The judicial approval of class action settlements, especially ...

CALGARY C TransCanada Corp. said Thursday more layoffs are expected because the energy sector grapples with plunging oil prices, after confirming it let go 10 per cent of workforce in the fourth quarter. The Calgary-based pipeline company let go staff in November, but did not provide numbers until Thursday’s earnings call to discuss fourth-quarter results. Chief financial officer Don Marchand ...

Transport Canada has invoked a never-before-used capacity to force Nissan Canada to immediately inform those who own a defect that could cause dangerous fuel leaks. The issue is found in X-Trail SUVs from the 2005 and 2006 model years, and involves a flaw within the fuel reservoir filler pipe coating that can result in fuel leaks if left unrepaired. Nissan ...

The thousands of attendees seeking causes of optimism didn’t find them at the annual International Petroleum Week. Instead they were greeted with a cacophony of voices from some of the largest oil producers, refiners and traders delivering exactly the same message: There are few reasons for optimism. The planet is awash with oil. The marketplace is overwhelmingly bearish. No Hope ...

For many years, participants within the technology sector have advocated extending the flow-through share program currently available to resource companies by looking into making it open to the innovation sector. Using the erosion of our manufacturing base and also the commodity and energy downturn, the situation for implementing flow-through shares to catalyze our underperforming innovation sector is becoming more compelling. ...

Thomas Edison famously patented 1,093 inventions in his 84 years. Charles Bombardier, however, is attempting to invent new things each week – a pace that puts him on track to outdo Edison when he’s 60. Bombardier, 41, may be the grandson of Joseph-Armand Bombardier, creator from the snowmobile and founder of Bombardier Inc., so it isn’t surprising that the entrepreneurial ...

For all equity investors recent years weeks happen to be a brutal experience: everybody is poorer compared to what they were at the beginning of the entire year. Investors in Titan Medical Inc., a company that’s focused “on the look and development of a robotic surgical system for application in minimally invasive surgery,” have observed exactly the same pattern. But ...

CALGARY / MONTREAL C If the Quebec government backs out of its contract to understand more about for gas and oil on Anticosti Island, its joint-venture partners say they will sue. Even although the provincial government owns a 35-per-cent interest in the partnership and has a contractual obligation to help fund the drilling of three wells this summer around the ...