It's not an exit, it's a transition," the 61-year-old [Clive Beddoe] said Tuesday after announcing he will pass the CEO reins to Sean Durfy on Sept. 4. Durfy took over the president's job at WestJet last September. "When you've been doing this as long as I have -- some 13 years -- there comes a point where you know your creative juices are drying up," Beddoe said in an interview. "It's important to bring on new blood, new people with lots of energy and lots of capacity to take the company to its next level. The proposed cross-border merger of forestry companies Abitibi-Consolidated Inc. (TSX:A) and Bowater Inc. (TSX:BWX) earned the approval of Canada's competition regulator on Tuesday ahead of a vote in which Abitibi's largest shareholder vows to vote against the combination.
..., locking out subscribers for more than 18 hours. Insider-trading accusation. TORONTO -- A former e...
The premier didn't go all the way with a royalty review panel that wanted him to increase royalties by $2 billion annually as early as next summer. He rejected about half the panel's 26 recommendations -- most notably a new tax on oilsands production. As future generations look back at today, I believe they will see we were fair and reasonable, not greedy or short-sighted," he said. "I'm confident we've made the right decisions for today and for Alberta's future. The province also plans to allow companies to pay royalties in the form of bitumen rather than cash. [Ed Stelmach] said the government would then sell the raw product to Alberta upgraders and refiners to stem the flow of refining jobs to the United States where a lot of the province's bitumen is now sent-- something he has b...
...(TSX:SU) fell about six per cent in after-hours trading Thursday in U.S. markets, while Canadian N...
Jim Balsillie, the company's co-chief executive, said the quarter ended Dec. 1 demonstrated the strength of RIM's push into the consumer-oriented marketplace which gained momentum in 2006 with the introduction of its first Pearl smartphones. The so-called Black Friday shopping day on Nov. 30, which follows the U.S. Thanksgiving and marks the beginning of American retailers' Christmas-New Years shopping rush, was RIM's "strongest day ever" in terms of subscriber accounts added. While there is also strong growth in the enterprise (corporate) business in Q3, it is clear from the results in this quarter that BlackBerry smartphones have crossed over from being viewed as a primarily enterprise product to being marketed as a strong mainstream offering by our partners," Balsillie said in a con...
...(TSX:RIM) stock soared in after-hours trading Thursday after the Waterloo, Ont.-based ma...
... allege that they were not paid overtime for hours worked; and (2) misclassification cases, where emp... fact that IMAX is an Ontario corporation trading on the TSX. It is also noteworthy that certificati...
Oil prices surged to a record above $78 US a barrel yesterday, but failed to advance the Toronto market's energy sector and the S&P/TSX composite index fell 169.13 points to 11,601.94, led by declines in financial and mining stocks. The TSX Venture Exchange declined 29.33 points at 2,630.37. There was added selling pressure on the TSX since "we were overdue for a bit of a pullback in the energy, base metal space after a terrific run here," said Matt Gibson, portfolio adviser at RBC Dominion Securities.
...It continued climbing in after-hours electronic trading, when volumes are significantly...
Cover Story
... work and promote each other, and lunch hours drag on for nearly three hours, he adds. . Downie,... July of this year they were approved for trading on the TSX. . The rising price of gold has created...
...While a downward adjustment in the. trading range for securities isn't unexpected, the fear an...provisions govern certain after-hours purchases. Disclosure Obligations. Issuer repurcha...
A drop in spot uranium prices is simply a "modest correction" due mostly to seasonal changes in demand and not the harbinger of a slide in world uranium prices, analysts said. Shares in Saskatoon-based Cameco Corp. (TSX:CCO), the world's largest uranium producer, dropped $1.76 to $48.68 on Tuesday. MISSISSAUGA, Ont. -- Cargojet Income Fund (TSX:CJT.UN) has struck a deal to acquire the cargo business operations of Georgian Express Ltd. of Mississauga, Ont., for $1.4 million plus the cost of aircraft.
... sold for US$129 per pound, $4 below its trading price the week before, according to TradeTech. Sha... plunged more than four per cent in after-hours trading. The chip maker's net income for the three...
The fact is this is a cyclical industry and right now we are in the worst part of the cycle," spokesman Robert Stangarone said. "... It will still be some time before we see the kind of growth in the economy that will drive new airplane sales," he said. Uranium One Inc.'s (TSX:UUU) joint venture with Kazatomprom will be honoured, according to a statement by the Kazakh state uranium giant whose former president is part of a government probe on allegations of embezzlement. The university bestowed degrees on both the Microsoft founder and his wife, Melinda. Both head the Bill&Melinda Gates Foundation, which donates money to global health and development initiatives as well as education programs in the U.S. Cambridge made [Bill Gates] a doctor of law, the same degree given to his wife.
... cent, or 13 cents, to $2.81 in afternoon trading on the TSE. Uranium decision delayed. MONTROSE, Co...The commission heard hours of public comment at a hearing on Wednesday but de...
The announcement followed by a few hours a similar forecast by Western Oil Sands Inc. (TSX:WTO), Shell's partner in the Athabasca Oil Sands Project. It plans to spend $715 million next year, with over 90 per cent -- $655 million -- sunk into the northern Alberta oilsands. This investment plan supports Shell Canada's growth in unconventional oil and gas while maintaining the leadership position of our oil products business," stated Clive Mather, CEO of the Canadian subsidiary of the Royal Dutch Shell PLC (NYSE:RDS.A). A large portion of the oilsands funding will go towards increasing the Athabasca Oil Sands Project's production by 100,000 barrels per day, Shell said.
...In trading on the TSX on Thursday, Shell Canada shares rose t...
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