Barrick shifts focus to growth as it looks to replenish project pipeline after years of debt reduction

Barrick shifts focus to growth as it looks to replenish project pipeline after years of debt reduction

After several years marked by operational difficulties and debt reduction, Barrick Gold Corp. on Tuesday opened its first quarter earnings in 2018 by telling shareholders it received two credit upgrades and is returning its focus to growth. Gold production hit 1.05 million ounces this quarter — down 20 per cent from last year and behind…

Who’s to blame for costly oil? The Saudis, Russia and Donald Trump himself

Who’s to blame for costly oil? The Saudis, Russia and Donald Trump himself

Rising oil prices are now the latest target in President Donald Trump’s cross-hairs. The nation’s tweeter-in-chief complained Friday about OPEC fuelling an “artificially Very High” cost for crude that he said “will not be accepted!” Looks like OPEC is at it again. With record amounts of Oil all over the place, including the fully loaded…

The remains of Yahoo just got hit with a $35 million fine because it didn’t tell investors about Russian hacking

The remains of Yahoo just got hit with a $35 million fine because it didn’t tell investors about Russian hacking

Marissa Mayer, the former Yahoo CEO. AP Photo/Lionel Cironneau The US Securities and Exchange Commission announced Tuesday that Altaba, the holding company that owns the remnants of Yahoo, agreed to pay a $35 million fine to settle charges that it misled investors over hacking events in 2014. The SEC release said that Yahoo’s information security…

Stocks are tumbling after a key interest-rate benchmark hit its highest level since 2014

Stocks are tumbling after a key interest-rate benchmark hit its highest level since 2014

US stocks tumbled Tuesday after the closely watched 10-year Treasury yield climbed above 3% for the first time since 2014. Selling in mega-cap tech stocks also put pressure on major indexes. The Dow Jones industrial average slid more than 2.18%, or 532 points, while the benchmark S&P 500 dropped as much as 1.45%. The comparatively…

‘I think we can close this’: As NAFTA ministers meet, Mexico eyes new deal by next week

‘I think we can close this’: As NAFTA ministers meet, Mexico eyes new deal by next week

MEXICO CITY — Ministers from the United States, Canada and Mexico meeting in Washington could agree on a revised North American Free Trade Agreement in the next 10 days, a Mexican business leader said on Tuesday. Negotiators have said a new NAFTA could be possible by early May, and officials hailed progress on the key…

Amazon’s new plan to beat porch thieves: Package delivery to parked cars

Amazon’s new plan to beat porch thieves: Package delivery to parked cars

Not content to stop at slipping packages inside customers’ front doors, Amazon.com Inc on Tuesday started a new program to deliver packages to its members’ parked cars. The world’s largest online retailer is rolling the program out in 37 U.S. cities for customers with newer compatible vehicles and plans to expand the service. All that…

Vancouver to rake in $30 million from empty homes tax in first year

Vancouver to rake in $30 million from empty homes tax in first year

VANCOUVER — The city of Vancouver’s new empty homes tax is expected to bring in $30 million in revenue in its first year. Vancouver Mayor Gregor Robertson said $17 million has already been collected from owners of almost 8,500 properties that were determined to be vacant or under utilized for at least six months of…

How a tiny camera startup is taking on Amazon and Google

How a tiny camera startup is taking on Amazon and Google

It’s very difficult for startup companies to build hardware that can compete against large companies like Google, Amazon, and Apple. Wyze Labs’ first product — the Wyze Cam— has many of the same features as Google’s Nest Cam for nearly 10% of the cost. Following is a transcript of the video. Steve Kovach – The…

Senate lawmakers postpone confirmation hearing for Trump’s Veterans Affairs nominee

Senate lawmakers postpone confirmation hearing for Trump’s Veterans Affairs nominee

White House physician Dr. Ronny Jackson speaks to reporters during the daily press briefing in the Brady press briefing room at the White House, January 16, 2018. Associated Press/Manuel Balce Ceneta President Donald Trump’s nominee for Veterans Affairs secretary, US Navy Rear Adm. Ronny Jackson, hit a roadblock after Senate lawmakers postponed his confirmation hearing…

‘You cannot put it back in the ground’: Desperate Canadian oil producers turn to transport trucks to ship crude

‘You cannot put it back in the ground’: Desperate Canadian oil producers turn to transport trucks to ship crude

WINNIPEG/VANCOUVER — At an Alberta oil loading terminal, a convoy of big rigs are gearing up to haul Canadian crude oil hundreds of miles through bone dry fields across the U.S. border into Montana, where the oil will be transferred to pipelines and rail cars headed south and west. Trucks loaded with crude are an…