Canadian stocks stage ‘surprise’ comeback, jumping 12% this year

It’s been quite a turnaround for the Canadian market, which lost almost 12% last year The Canadian stock market has been quietly staging a comeback this year after 2018’s rough ride saw it significantly lag behind its U.S. counterparts. The benchmark S&P/TSX composite index is up more than 12 per cent so far this year to 16,058 […]

Creating a gold giant

Barrick Gold will try to acquire Newmont Mining Corp. in an approximately $18 billion all-stock deal that would create a mining behemoth worth about $42 billion. Colorado’s Newmont has rejected any talk of a buyout from the Canadian miner so far and the unsolicited bid from its fierce rival appears likely to become hostile. On […]

GE sells biopharma unit

General Electric is selling its biopharma business to Danaher Corp. for $21.4 billion as it continues to sell off chunks of a once sprawling conglomerate. The biopharma unit, part of GE Life Sciences, generated revenue of about $3 billion last year. Danaher said after tax benefits, the deal will have a price tag that is […]

Canada ordered to pay U.S. concrete company $7M in NAFTA case

Long-running case began after New Jersey company’s bid to open a quarry in Nova Scotia rejected in 2007 Canada has been ordered to pay $7 million in damages, plus interest, to a U.S. concrete company that used the North American Free Trade Agreement (NAFTA) to successfully argue it was wrongly denied permission to build a quarry […]

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