Wednesday July 30, 2014





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Kinross Gold adjusted earnings fall to US$32.9 million, miss estimates

TORONTO - Kinross Gold Corp. (TSX:K) had US$32.9 million of adjusted earnings in the second quarter, down 72 per cent from the same time last year and below analyst estimates....

posted: July 30,2014





Business News

CP07

Barrick Gold's adjusted profit falls to US$159 milion, misses analyst estimates

TORONTO - Barrick Gold Corp. (TSX:ABX) had a US$269-million net loss and $159-million of adjusted...



Open Text reports fourth-quarter profit doubles from year ago, revenue up

WATERLOO, Ont. - Open Text Corp. (TSX:OTC) reported Wednesday that its fourth-quarter profit...



3 long-time Putin allies, including ex-judo partner, among 8 people hit with new EU sanctions

BRUSSELS - The European Union targeted Russian President Vladimir Putin's inner circle for the...





New authority will oversee Detroit-Windsor bridge project, officials say

WINDSOR, Ont. - A new U.S.-Canadian authority will oversee the construction, operation and maintenance of a proposed six-lane bridge between Detroit and Windsor, Ont., officials from both countries announced Wednesday....


Uni-Select beats expectations by swinging to US$15.5 million Q2 profit

MONTREAL - Uni-Select said Wednesday it will focus on boosting sales for the rest of the year after the automotive parts distributor swung to a US$15.5-million profit in the second quarter....


TSX higher amid solid earnings, U.S. economic rebound in second quarter

TORONTO - The Toronto stock market advanced Wednesday, powered by solid earnings and an indication from the U.S. Federal Reserve that it is in no rush to raise interest rates....


Loonie declines amid rebound in U.S. GDP; traders look to Canadian growth data

TORONTO - The Canadian dollar closed lower Wednesday as the American greenback gained strength against major currencies after data showed that the U.S. economy rebounded strongly in the second quarter....


Republicans block Senate bill that would curb tax breaks for firms moving operations overseas

WASHINGTON - Republican senators blocked an election-year bill Wednesday to limit tax breaks for U.S. companies that move operations overseas....


Amaya shareholders give OK to deal for online poker company the Oldford Group

MONTREAL - Amaya Gaming Group's shareholders have approved a financing that's key to its proposed acquisition of the world's largest online poker company, operator of PokerStars and Full Tilt Poker....


Torstar has no plans yet for Harlequin proceeds, reports higher Q2 profit

TORONTO - Besides paying off debt, Torstar Corp. (TSX:TS.B) says it hasn't decided what do with the proceeds from the recent $455-million sale of romance book publisher Harlequin....


Strong U.S. recovery best medicine for ailing Canadian economy, analysts

OTTAWA - A strong economic performance by the United States for the year's second quarter is fuelling hopes Canada's economy may too be poised to shift into a higher gear....


CGI to pay down debt, buy back shares as it hunts for next acquisition

MONTREAL - CGI Group Inc. plans to focus in the short-term on reducing its debt and buying back company shares, while the IT services company remains on the hunt for acquisitions....






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