ConocoPhillips on Monday agreed to buy U.S. shale oil producer Concho Resources for $9.7 billion, as the energy sector continued to consolidate amid lower fuel prices and demand. The low-premium, all-stock deal comes as many U.S. shale companies have been mired in losses due to weak crude prices and, unlike...
The Canadian dollar was little changed against its U.S. counterpart on Tuesday after the pause of a high profile COVID-19 vaccine trial offset robust Chinese trade data, with the currency holding near an earlier five-week high. Data showing that Chinese exports and imports climbed in September boosted the price of...
Gold surged to a nine-year peak on Wednesday as an escalation in U.S.-China tensions stoked demand for safety, while silver followed bullion's rally to hit a near seven-year high on hopes for a recovery in industrial demand. Spot gold hit its highest since September 2011 at $1,870.01, nearing its all-time...
You can now order your groceries in Montreal and Toronto via your Uber app. Starting today, in collaboration with our partner Cornershop, customers in select cities in Latin America and Canada can order groceries through both the Uber and Uber Eats apps. And starting later this month, grocery delivery will...
Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (15,596.75, down 25.65 points.) Harte Gold Corp. (TSX:HRT). Materials. Up three cents, or 23.08 per cent, to 16 cents on 4.7 million shares. The Bank of Nova Scotia (TSX:BNS). Financials. Up 54 cents, or 0.96 per...
Major automakers on Thursday posted a weak finish to the year for U.S. new vehicle sales but remained bullish on the outlook for the economy even as much of the industry braced for what is widely expected to be a worse year in 2019. "Despite recent market turbulence, the data...
Canada Goose Holdings Inc. rose the most in more than six weeks after the company opened its flagship store in Beijing over the weekend. The store had been delayed since Dec. 15 amid escalating tensions between Canada and China following the arrest of Huawei Technologies Co.’s chief financial officer in...
Air Canada has signed a definitive agreement to buy the Aeroplan loyalty program from Aimia Inc. for $450 million in cash. Under the deal, Air Canada will also assume $1.9 billion of Aeroplan miles liability. The definitive agreement follows an announcement in August of a tentative sale. Air Canada says it...
Montreal area home sales in April up 10 per cent from year ago. The Greater Montréal Real Estate Board (GMREB) has just released its most recent residential real estate market statistics for the Montréal Census Metropolitan Area (CMA), based on the real estate brokers’ Centris® provincial database. In total, 5,432 residential...
China on Monday is slapping tariffs on U.S. shipments to the country, such as meat and fruit. China announced Sunday that it is implementing new tariffs on more than 120 U.S. imports in response to President Trump’s recent decision to increase taxes on imported steel and aluminum. The Chinese Ministry of...