Category: Canadian Business

Most actively traded companies on the Toronto Stock Exchange

TORONTO – Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (20,311.78, up 81.38 points.) Suncor Energy Inc. (TSX:SU). Energy. Down 33 cents or 1.37 per cent, to $ 24.56 on 7.9 million shares. Tamarack Valley Energy Ltd. (TSX:TVE). Energy. Up 12 cent or 4.67 per cent, to…

Kinross Gold Corp. reports lower Q2 earnings amid increased production costs

TORONTO – Mining company Kinross Gold Corp. reported lower earnings and increased costs around production for its second-quarter report Wednesday. The company reported net earnings attributable to common shareholders of US$ 119.3 million for the quarter ended June 30, compared to US$ 195.7 million in the same quarter last year. The Toronto-based company, which reports…

Teck Resources Q2 profit surges on lower COVID costs and strong revenue boost

VANCOUVER – Teck Resources Ltd. missed expectations despite posting much stronger second-quarter results, with revenues more than doubling amid improving market conditions. The Vancouver-based mining company says its net income attributable to shareholders surged to $ 260 million or 48 cents per diluted share, from a loss of $ 149 million or 28 cents per…

Carolyn Rogers appointed as Senior Deputy Governor of the Bank of Canada

The Board of Directors of the Bank of Canada today announced that Carolyn Rogers has been appointed Senior Deputy Governor for a seven-year term, effective December 15, 2021. The selection was made by the independent members of the Bank’s Board and was approved by the federal Cabinet. Ms. Rogers succeeds Carolyn A. Wilkins, who resigned from…

Rio Tinto smelter workers go on strike in Kitimat, B.C.

KITIMAT, B.C. – Approximately 900 Rio Tinto workers at the company’s aluminum smelting facilities in Kitimat, B.C. have gone on strike. The walkout began today at one minute after midnight. Unifor Local 2301, which represents the workers, had issued a 72-hour strike notice after nearly seven weeks of negotiations. Jerry Dias, Unifor’s National President, says…