Skip to content

National Business

Pan American Silver buying Tahoe Resources in stock-and-cash deal

Pan American Silver buying Tahoe Resources in stock-and-cash deal

VANCOUVER — Pan American Silver Corp. has signed a deal to acquire Tahoe Resources Inc. in a stock-and-cash deal it valued at more than US$1 billion. Under the friendly agreement, Tahoe shareholders will receive US$3.40 in cash or 0.
Southeast Asian-centred trade deal set for further delays

Southeast Asian-centred trade deal set for further delays

SINGAPORE — Leaders of Southeast Asian nations have pushed back yet again an agreement on a pan-Asian free trade deal amid a whirlwind of diplomacy Wednesday at their annual summit.
Big question for Amazon's 2 chosen cities: Will it pay off?

Big question for Amazon's 2 chosen cities: Will it pay off?

WASHINGTON — The awarding of Amazon's second headquarters to two affluent localities has fanned intense speculation around a key question: For the winning cities, will the economic payoff prove to be worth the cost? Amazon's decision will bring to Ar
In factory after factory, Kim tries to grow N. Korea economy

In factory after factory, Kim tries to grow N. Korea economy

WONSAN, Korea, Democratic People's Republic Of — For North Korean factory managers, a visit by leader Kim Jong Un is the highest of honours and quite possibly the most stressful event imaginable.
Expensive APEC summit sows division in host Papua New Guinea

Expensive APEC summit sows division in host Papua New Guinea

PORT MORESBY, Papua New Guinea — After three decades of promoting free trade as a panacea to poverty, the APEC grouping of nations that includes the U.S. and China is holding its lavish annual leaders' meeting in the country that can least afford it.

Hachette Book Group lays off around 2 dozen employees

NEW YORK — Around two dozen employees will be laid off in a re-organization at Hachette Book Group.

West Fraser to curtail production at two B.C. mills, affecting 135 employees

VANCOUVER — West Fraser Timber Co. Ltd. says it will permanently curtail about 300 million board feet of lumber production at two mills next year, affecting 135 employees.
Pink diamond sells for more than $50M, setting world record

Pink diamond sells for more than $50M, setting world record

GENEVA — Christie's sold the "Pink Legacy" diamond at auction Tuesday for more than $50 million including fees, saying it's a new world record price per carat for a pink diamond. Christie's said renowned jeweler Harry Winston was the buyer.
Tilray says 'far less' pot available across Canada to bridge recreational supply gap

Tilray says 'far less' pot available across Canada to bridge recreational supply gap

TORONTO — B.C.-based cannabis producer Tilray Inc. says product has been selling out in the first few weeks of legalization and while it has explored buying wholesale to bridge the supply gap, there is "far less" pot available than expected.

Stelco reports earnings of $125 million in Q3 in sharp jump from last year

HAMILTON — Stelco Holdings Inc. says it earned $125 million in the third quarter for a sharp rebound from the $30-million loss it reported in the same quarter last year.