Canadian precious metals producer SSR Mining said it would to buy Alacer Gold in an all-stock deal valued at C$2.41 billion ($1.72 billion), adding heft as gold prices surge due to demand for the yellow metal in an uncertain economy.
Canadian Natural Resources Ltd posted a quarterly loss on Thursday compared with a year-ago profit, hurt by the sharp decline in oil prices caused by the novel coronavirus outbreak and a price war between Saudi Arabia and Russia.
Barrick Gold Corp reported a nearly 55% rise in quarterly profit on Wednesday as gold prices surged, bolstering its ability to snap up mines including in copper, its chief executive said.
May 1 TC Energy Corp could face up to a one-year delay building the Keystone XL oil pipeline after a U.S. legal setback, and is looking at options to keep work progressing, a company executive said on Friday.
Cuts to Alberta's oil production have been large enough to avoid filling storage tanks to the brim as the coronavirus pandemic slashes demand from refiners, two of Canada's largest crude producers said on Wednesday.
CALGARY, Alberta Shares of Canadian energy companies recovered some of their losses on Tuesday, but hovered around their weakest levels in a decade, and Cenovus Energy Inc , one of the country's largest producers, slashed spending.
CALGARY, Alberta, March 10 Shares of Canadian energy companies recovered some of their losses on Tuesday, but hovered around their weakest levels in a decade, and Cenovus Energy Inc, one of the country's largest producers, slashed spending.
Apache Corp rose nearly 10% on Thursday as the oil and gas producer reported a surprise profit for the quarter and forecast lower 2020 spending, with plans to shift capital away from its Alpine High project in the face of falling oil prices.
Feb 27 Apache Corp rose nearly 10% on Thursday as the oil and gas producer reported a surprise profit for the quarter and forecast lower 2020 spending, with plans to shift capital away from its Alpine High project in the face of falling oil prices.
Major agriculture companies said on Thursday they would cooperate with a Canadian Competition Bureau antitrust probe sparked by allegations that certain businesses tried to block an online farm-supply startup from operating in Western Canada.
China opened its powerful national security office in Hong Kong on Wednesday, turning a hotel near a city-centre park that has been one of the most popular venues for pro-democracy protests into its new headquarters.