Business News
Viterra acquiring Dakota Pasta Growers for US$240M in an all cash transaction
CALGARY - Grain-handling giant Viterra Inc. announced a deal Wednesday to acquire a U.S. pasta maker, which the firm's chief executive says will integrate well with the position it already has in Nort...
NEB proposes changes to many recommendations in JRP's Mackenzie report
CALGARY - The National Energy Board has proposed changes to many of the recommendations a federally appointed panel made for the Mackenzie Gas Project in the Northwest Territories. The federal ener...
Once struggling Fed gets a new look as regulator of largest, riskiest firms
WASHINGTON - The U.S. Federal Reserve, still dusting itself off from a fight that threatened to trim its powers, could emerge from a congressional overhaul of banking rules as the top cop over the lar...
Complaints of runaway Priuses spike, but it could have something to do with psychology
NEW YORK - Reports of sudden acceleration in the Toyota Prius have spiked across the country. But that doesn't mean there's an epidemic of bad gas pedals in the popular hybrid. Experts on consumer ...
Brookfield Asset Management to reduce stake in wood panel maker Norbord
TORONTO - Brookfield Asset Management Inc. (TSX:BAM.A) announced a plan Wednesday to sell part of its stake in wood panel maker Norbord Inc. (TSX:NBD) in a secondary offering worth about $150 million....
Paramount Energy Trust makes $126-million acquisition in west central Alberta
CALGARY - Paramount Energy Trust (TSX:PMT.UN) has signed a deal to acquire oil and natural gas assets in the Edson area of west central Alberta from an unidentified company for $126 million. The tr...
Electronics manufacturing firm SMTC reports Q4 profit of US$2.2 million
TORONTO - SMTC Corp. (TSX:SMX) said Wednesday it turned a profit in its latest quarter compared with a loss a year ago, despite lower revenue. The electronics manufacturing firm, which keeps its bo...
Warren Buffett still gets $100K salary at Berkshire Hathaway, but security costs grow to $345K
OMAHA, Neb. - Warren Buffett brought home less pay than Berkshire Hathaway's chief financial officer again last year, but the company is paying more to protect the billionaire these days. Buffett, ...
Equinox Minerals reports Q4 red ink as revenue cut more than 50 per cent
TORONTO - Resource company Equinox Minerals Ltd. reported a fourth-quarter loss Wednesday as revenues plummeted more than 50 per cent. Toronto-based Equinox (TSX:EQN), whose major holding is its Lu...
CIBC World markets predicts dollar could hit parity with U.S. currency this summer
TORONTO - Expectations of higher interest rates and investor demand for Canada will help drive the Canadian dollar past parity with the U.S. greenback by this summer, says CIBC World Markets. In a ...
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