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Kinross Gold swings to US$2.7 million loss amid fourth-quarter challenges

Kinross Gold swings to US$2.7 million loss amid fourth-quarter challenges

TORONTO — Kinross Gold Corp. says it swung to a US$2.7 million loss in the fourth quarter as it was hampered by downtime at some of its operations. The loss compared with a US$783.3 million profit equal to 62 cents per share a year earlier.
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Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (21,383.64, down 118.91 points.) Enbridge Inc. (TSX:ENB). Energy. Up 18 cents, or 0.3 per cent, to $52.79 on 17.3 million shares.
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Gender diversity remains elusive at senior levels of Corporate Canada, says survey

Gender diversity remains elusive at senior levels of Corporate Canada, says survey

TORONTO — Organizations have accelerated inclusion and Environmental, Social, Corporate (ESG) efforts, but Corporate Canada still has ways to go when it comes to advancing gender diversity at the leadership level, a new survey has found.
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Shopify selloff and inflation spike help to pull S&P/TSX composite lower

Shopify selloff and inflation spike help to pull S&P/TSX composite lower

TORONTO — A Shopify Inc. selloff pulled Canada's main stock index lower while minutes from a recent Federal Reserve meeting calmed U.S. market fears about an impending interest rate hike.
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Shopify shares plunge after lowering 2022 revenue growth guidance on Q4 loss

Shopify shares plunge after lowering 2022 revenue growth guidance on Q4 loss

Shopify Inc.'s stock plummeted to the lowest level in nearly two years Wednesday after the e-commerce giant warned that its revenue growth will slow this year as the globe eases up on restrictions meant to quell the COVID-19 pandemic.
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Banking industry says it will need to diligently implement emergency orders

Banking industry says it will need to diligently implement emergency orders

TORONTO — Canada's banking industry says it will follow through with the federal government's emergency orders targeting the trucker protesters as discussions on how best to implement them continue.
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Ex-Goldman banker testifies 1MDB scheme a 'house of cards'

Ex-Goldman banker testifies 1MDB scheme a 'house of cards'

NEW YORK (AP) — A former top banker at Goldman Sachs testified Wednesday that he and other corrupt executives at the firm built a “house of cards” that was doomed to fall to try to conceal an audacious scheme to ransack a Malaysian state investment f
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Inflation continues to outstrip wage growth as annual rate surpasses 5 per cent

Inflation continues to outstrip wage growth as annual rate surpasses 5 per cent

OTTAWA — The purchasing power of Canadians waned further last month as wages were outpaced by an annual inflation rate that topped five per cent for the first time in more than 30 years. The annual inflation rate rose to 5.
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'Layer upon layer of issues': Grocery bills climb as food inflation rate hits 6.5%

'Layer upon layer of issues': Grocery bills climb as food inflation rate hits 6.5%

Food prices in Canada are soaring as higher input costs, shipping fees and wages push the food inflation rate to 6.5 per cent — the biggest year-over-year jump in grocery bills in more than a decade.
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Kevin Costner lobbies Utah for more tax rebates for films

Kevin Costner lobbies Utah for more tax rebates for films

SALT LAKE CITY (AP) — Kevin Costner, the Academy Award-winning actor-director known for films such as “Dances With Wolves" and the current TV hit “Yellowstone,” is lobbying Utah lawmakers to offer more tax rebates to films that choose to shoot in rur
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