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 ...

Starbucks Corp., an innovator to get consumers to purchase products having a mobile phone, is boosting paying for digital ventures this season because it improves the capacity for its app in Asia, Europe and Latin America. The coffee chain is promoting a brand new feature, introduced last year nationwide at U.S. stores, that lets customers order and purchase beverages ahead ...

TORONTO – Uber Technologies Inc. might have suspended its operations in Edmonton this month, but it is still calling on Toronto city council to emulate the Alberta capital when it votes on new ride-sharing regulations this spring. Edmonton had become the first city in Canada to legalize Uber when city council passed a vehicle-for-hire bylaw in January. The company applauded ...

One party is a unit of the Spanish-headquartered group that has a market cap in excess of 50 billion euros; another relies in Canada having a market cap of $25 million. Yet despite the size difference, the 2 parties, Telefonica and Lingo Media, have found enough in common to setup an industrial distribution partnership, an offer that may be announced ...

EDMONTON – Canada will require more than two years to regulate fully towards the stop by oil prices, a senior Bank of Canada official said on Wednesday, signaling no quick end to a shock which has roiled the economy. The oil price crash is over – let the recovery of Alberta’s hard-hit economy begin The crash has ended. The rebuilding ...

TORONTO — The University of Toronto has rejected recommendations to eliminate its holdings within the fossil fuel industry, but says it will consider environmental, social, and governance factors in making investment decisions. In a newly released report, university president Meric Gertler says divesting from fossil fuel companies might have limited impact because “such firms only take into account one-quarter of ...

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 ...