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Turquoise Hill shareholders approve $4.24 billion Rio Tinto takeover deal

Turquoise Hill shareholders approve $4.24 billion Rio Tinto takeover deal

MONTREAL — Turquoise Hill Resources Ltd. shareholders have given their support to a $4.24 billion takeover offer by Rio Tinto Group. The Montreal-based mining company says 60.
Laurentian Bank posts $55.7M in earnings in Q4, revenue up slightly from year ago

Laurentian Bank posts $55.7M in earnings in Q4, revenue up slightly from year ago

MONTREAL — Lower expenses and higher revenue helped boost Laurentian Bank of Canada's profits to $55.7 million for the fourth quarter. The Montreal-based bank said Friday the earnings worked out to $1.26 per share for the quarter ending Oct.
CIBC rolls out dividend reinvestment discount after regulator hikes capital minimums

CIBC rolls out dividend reinvestment discount after regulator hikes capital minimums

TORONTO — CIBC says it is implementing a discount for shareholders who sign up for a dividend reinvestment plan.
More than half of Canadians facing food budget constraints: Salvation Army poll

More than half of Canadians facing food budget constraints: Salvation Army poll

A new survey suggests the rising cost of living has forced more than half of Canadians to cut costs in myriad ways including by choosing cheaper, less healthy foods and skipping medications.
Boards should strive for 40% women, 30% diverse directors: report

Boards should strive for 40% women, 30% diverse directors: report

TORONTO — A new report recommends Canada's corporate boards should have at least 40 per cent women and 30 per cent members of underrepresented racial groups or identifying as Indigenous or with disabilities.
Wholesale inflation in US further slowed in November to 7.4%

Wholesale inflation in US further slowed in November to 7.4%

WASHINGTON (AP) — Wholesale prices in the United States rose 7.4% in November from a year earlier, a fifth straight slowdown and a hopeful sign that inflation pressures across the economy are continuing to cool.
Roots records $2.2M in earnings in Q3, sales down 8.5% from last year

Roots records $2.2M in earnings in Q3, sales down 8.5% from last year

TORONTO — Roots Corp. says it earned about $2.2 million in its latest quarter as sales dropped by 8.5 per cent since the same time last year. The Toronto clothing retailer says its net income for the third quarter fell from $10.8 million a year ago.
Crescent Point to acquire Kaybob Duvernay drilling assets from Paramount Resources

Crescent Point to acquire Kaybob Duvernay drilling assets from Paramount Resources

CALGARY — Crescent Point Energy Corp. says it has signed an agreement with Paramount Resources Ltd. to acquire additional Kaybob Duvernay assets for $375 million.
Igor brand Gorgonzola mild ripened blue-veined cheese was sold in Ontario and Quebec

Igor brand Gorgonzola mild ripened blue-veined cheese was sold in Ontario and Quebec

OTTAWA — The Canadian Food Inspection Agency has issued a recall for Igor brand Gorgonzola mild ripened blue-veined cheese due to possible Listeria contamination. The affected product distributed by Jan K.
TC Energy shuts down Keystone pipeline system after leak in Kansas

TC Energy shuts down Keystone pipeline system after leak in Kansas

CALGARY — TC Energy Corp. has estimated the volume of oil released in Wednesday's Keystone pipeline leak at 14,000 barrels, making this most recent spill larger than Keystone's 2017 and 2019 leaks combined.