Semafo says mine in Burkina Faso won't reopen this year following attack

MONTREAL -- Canadian miner Semafo Inc. says it does not expect to restart its Boungou mine in Burkina Faso this year after operations were halted because of a deadly attack against workers.

On Nov.

See Full Article



Advertisements

Latest Economic News

  • Canada's counterfeit problem: Why you might want to think twice before shopping online

    Economic CBC News
    It's quick, convenient and ships right to your front door. But a Marketplace investigation found that you can't always trust what you purchase online — even if the seller, platform or price seems legit. To test how prevalent counterfeits are online, Marketplace purchased dozens of well-known products — ranging from electronics to sportswear to cosmetics — from five popular online retailers: AliExpress, Amazon, eBay, Walmart and Wish. Source
  • IATA: Virus may slash US$29 billion from airlines' revenue

    Economic CTV News
    TOKYO -- The outbreak of the new virus threatens to erase US$29 billion of this year's revenue for global airlines, mostly for Chinese carriers, as travel crashes worldwide, according to the International Air Transport Association. The trade group for global airlines said Thursday that the virus causing COVID-19 has the potential for causing a 13% decline in demand for Asian carriers this year. Source
  • Kia recalls SUVs, vans in U.S over electrical problem that can cause fires

    Economic CTV News
    DETROIT -- Kia is joining its affiliate Hyundai in recalling thousands of vehicles in the U.S. because water can get into a brake computer, cause an electrical short and possibly a fire. The Kia recall covers nearly 229,000 Sedona minivans from the 2006 through 2010 model years. Source
  • Asian stocks follow Wall Street lower on renewed virus fears

    Economic CTV News
    BEIJING -- Asian stock markets followed Wall Street lower Friday after a spike in new virus cases in South Korea refuelled investor anxiety about China's disease outbreak. Benchmarks in Tokyo, Shanghai, Hong Kong and Sydney retreated. Source
  • Indigenous leaders divided over proposed oil sands mine in northern Alberta

    Economic CTV News
    FORT CHIPEWYAN, ALTA. -- As the deadlock between a group of Indigenous chiefs and a northern B.C. pipeline brings rail traffic to a standstill, the future of another energy project in northern Alberta is hanging in the balance. Source
  • Rail shutdown restricts supply lines to Maritimes, creating some empty shelves

    Economic CTV News
    HALIFAX -- Empty shelves have been spotted at several Halifax retailers -- a sign of what can happen, when the country's rail lines grind to a halt. With product unable to reach the Maritimes by train, retailers are doing what they can, to get shoppers what they need. Source
  • Telus would cut 5K jobs and $1B in spending if CRTC approves virtual wireless network operators

    Economic CBC News
    The CEO of Telus Corp. says it could cut about $1 billion of spending and 5,000 jobs over the next five years if the CRTC mandates Canada's wireless companies open their facilities to virtual network operators. Source
  • Why are so many big retail stores closing? Experts weigh in

    Economic CTV News
    TORONTO -- Home decor chain Pier 1 is just the latest retailer joining a growing list of businesses closing their shops in Canada. Other big retailers that are either shuttering stores or going bankrupt include Carlton Cards, Bench and Forever 21. Source
  • CMHC says housing vulnerability moderate, downgrades risk in Prairie cities to low

    Economic CTV News
    OTTAWA -- Canada Mortgage and Housing Corp. says it has downgraded the vulnerability of several cities in the Prairies while Canada's housing market remains moderately vulnerable. The federal housing agency's quarterly assessment, based on data up to the end of last September and some indicators up to the end of December, leaves Victoria as the only market with an overall high degree of vulnerability. Source
  • Fertilizer firm Nutrien forecasts 2020 agriculture rebound after tough 4th quarter

    Economic CBC News
    A rebound in global agricultural markets is expected to drive better returns this year after a difficult fourth quarter for fertilizer company Nutrien Ltd., its CEO said Thursday. The last three months of 2019 featured ongoing challenges including geopolitical issues and short-term weather anomalies, said Chuck Magro on a conference call to discuss the Saskatoon-based company's financial results. Source