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Noront Resources shares soar after Wyloo Metals raises takeover offer

Noront Resources shares soar after Wyloo Metals raises takeover offer

TORONTO — Shares of Noront Resources Ltd. gained nearly 50 per cent in early trading after Wyloo Metals Pty Ltd. raised its offer for the company in its takeover fight with BHP. Wyloo says it is now offering $1.
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Gildan Activewear buys yarn supplier Frontier Yarns for US$168 million

Gildan Activewear buys yarn supplier Frontier Yarns for US$168 million

MONTREAL — Gildan Activewear Inc. has signed a deal to buy Phoenix Sanford LLC, the parent company of Frontier Yarns, for US$168 million. Frontier is a producer of cotton, polyester and cotton blend yarns.
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Suncor expects production to rise five per cent next year, trims capex plan

Suncor expects production to rise five per cent next year, trims capex plan

CALGARY — Suncor Energy Inc. says it expects its production next year to rise about five per cent compared with 2021. The Calgary-based company says it expects production next year to be 750,000 to 790,000 barrels of oil equivalent per day.
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Spielberg 'West Side Story' debuts weakly with $10.5M

Spielberg 'West Side Story' debuts weakly with $10.5M

NEW YORK (AP) — Despite critical acclaim and two years-worth of anticipation, Steven Spielberg's lavish “West Side Story” revival made little noise at the box office, debuting with $10.
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South African president tests positive for COVID, mildly ill

South African president tests positive for COVID, mildly ill

JOHANNESBURG (AP) — South African President Cyril Ramaphosa is receiving treatment for mild COVID-19 symptoms after testing positive for the disease Sunday, his office said.
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Boris Johnson: UK faces 'tidal wave' of omicron cases

Boris Johnson: UK faces 'tidal wave' of omicron cases

LONDON (AP) — Prime Minister Boris Johnson warned Sunday that Britain faces a “tidal wave” of infections from the omicron coronavirus variant, and announced a huge increase in booster vaccinations to strengthen defenses against it.
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G7 warns Russia of 'massive' consequences if Ukraine invaded

G7 warns Russia of 'massive' consequences if Ukraine invaded

LIVERPOOL, England (AP) — The Group of Seven economic powers told Russia on Sunday to “de-escalate” its military buildup near the Ukrainian border, warning that an invasion would have “massive consequences” and inflict severe economic pain on Moscow.
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Pot holes: Uneven distribution of cannabis stores a challenge for industry

Pot holes: Uneven distribution of cannabis stores a challenge for industry

TORONTO — When delivery requests from British Columbia's Lower Mainland flow into cannabis retailer Dutch Love, a reliable number of them come from customers in the suburbs of Surrey and Richmond.
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Canadian electric vehicle builders gearing up for growth on both sides of border

Canadian electric vehicle builders gearing up for growth on both sides of border

TORONTO — Damon Motors Inc. likes to refer to its electric motorbikes as groundbreaking, but the company’s manufacturing plans are also bucking a trend among Canadian companies.
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Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: Bank of Canada mandate: Finance Minister Chrystia Freeland and Bank of Canada governor Tiff Macklem are scheduled to hold a news conference on Monday morning, in wh
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