Skip to content

National Business

Paramount demands cash for its stake in Strath Resources after merger announced

Paramount demands cash for its stake in Strath Resources after merger announced

CALGARY — Oil and gas company Paramount Resources Ltd. is demanding a cash payout for its shares in Strath Resources Ltd. when it is merged with another private firm.
Worker killed in underground accident at an Ivanhoe copper mine in Africa

Worker killed in underground accident at an Ivanhoe copper mine in Africa

TORONTO — Canadian miner Ivanhoe Mines Ltd. says a worker was killed Sunday at its Kamoa-Kakula Copper Project in the Democratic Republic of Congo.
Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: Markets Investors will have their eye on the stock markets this week as Bay Street slows down in the wake of the second-quarter reports from Canada's big corporate
Calfrac Well Services rejects recapitalization offer from Wilks Brothers

Calfrac Well Services rejects recapitalization offer from Wilks Brothers

CALGARY — Calfrac Well Services Ltd. says a Texas company's proposed restructuring plan doesn't have sufficient support from unsecured noteholders and so it will continue with a debt-for-stock swap announced in July.
Black creatives in Italian fashion demand cultural reform

Black creatives in Italian fashion demand cultural reform

MILAN — The only Black designer belonging to Italy’s influential fashion council is demanding a "long overdue cultural reform’’ from her colleagues under the slogan: Do Black Lives Matter in Italy? The conversation has gotten off to a rocky start.
TMX Group names John McKenzie as new chief executive

TMX Group names John McKenzie as new chief executive

TORONTO — TMX Group Ltd. has named John McKenzie as its new chief executive, effectively immediately.
2020's crude price crash offers a bright spot for natural gas producers

2020's crude price crash offers a bright spot for natural gas producers

CALGARY — Veteran oilman Mike Rose says he doesn't want to "jinx it," but he admits it's not so bad heading the company that last year became the biggest producer of natural gas in Canada.
Robert Trump, the president’s younger brother, dead at 71

Robert Trump, the president’s younger brother, dead at 71

NEW YORK — President Donald Trump's younger brother, Robert Trump, a businessman known for an even keel that seemed almost incompatible with the family name, died Saturday night after being hospitalized in New York, the president said in a statement.
Minister says telecom regulator may have erred with wholesale rate decision

Minister says telecom regulator may have erred with wholesale rate decision

The federal government says it's concerned that a controversial regulatory decision last year may undermine investments in Canada's communications networks, particularly in rural and remote areas.
Correction: California Heat Wave story

Correction: California Heat Wave story

LOS ANGELES — In a story August 14, 2020, about California’s rolling power outages, The Associated Press erroneously reported that the state’s last such outages occurred in 2011. They occurred in 2001. The Associated Press