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Factory production across the globe feeling heat from U.S., China trade war

March 1, 2019

Factories across the globe slammed on the brakes last month as demand crashed, hit by the ongoing U.S.-China trade war, slowing global growth and political uncertainty in Europe ahead of Britain’s imminent departure from the EU. A slew of surveys

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Weak pork prices hinder Maple Leaf’s quarterly profit estimates

February 28, 2019

Canadian packaged meat producer Maple Leaf Foods Inc missed analysts’ estimates for quarterly profit on Thursday, as weak pork prices offset growth in its prepared meats. Pork prices have taken a beating from the Sino-U.S. trade war, with China’s retaliatory

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Rockwell Automation, Schlumberger partner on oil and gas automation

February 27, 2019

Rockwell Automation and Schlumberger have partnered to create a new joint venture, which they are calling the first fully integrated digital oilfield automation solutions provider. The joint venture, called Sensia, is expected to begin serving customers in the summer of

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Rumours run rampant as second fish processor plant burns down in 17 days

February 27, 2019

For the second time in just 17 days, a New Brunswick fish processor has lost a major plant to fire, but the company is downplaying speculation of foul play. A blaze Sunday morning in Cap-Pele, on the province’s east coast,

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Nutrien eyes potential takeover of Australia’s Ruralco

February 26, 2019

Nutrien Ltd is in talks for a potential deal involving Australian rural services firm Ruralco, the Canadian fertilizer maker said on Tuesday, following a media report about a possible takeover of Ruralco. No agreement has been reached yet and there

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Three finalists to make their pitch at #DisruptMining on Sunday

February 25, 2019

Goldcorp Inc. today announced the three finalists selected to pitch to a panel of judges at the #DisruptMining 2019 live finale. These companies will present their technologies, which include a new drilling approach that can unlock the value in narrow

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Berkshire overpaid for Kraft Heinz: Buffett

February 25, 2019

Warren Buffett said his Berkshire Hathaway Inc overpaid in the 2015 merger that created Kraft Heinz Co, but he had no plans to flee the struggling packaged foods company. Buffett spoke four days after Kraft Heinz took a $15.4 billion

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Garneau warns U.S. steel, aluminum tariffs could trip up USMCA

February 25, 2019

Parliament will struggle to ratify the new North American trade deal if U.S. tariffs on steel and aluminum exports aren’t lifted soon, Canada’s transport minister warned Sunday during a high-profile gathering of American state lawmakers. Marc Garneau said time is

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Barrick offers to buy rival Newmont for $18 billion

February 25, 2019

Barrick Gold Corp offered to buy U.S. rival Newmont Mining Corp for nearly $18 billion in stock on Monday, in a deal that would combine the world’s two largest gold producers. Deal-making in the gold industry is growing after remaining

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GE selling biopharma business to Danaher Corp

February 25, 2019

Shares of General Electric Co surged 11 per cent on Monday after the U.S. industrial conglomerate said it would sell its biopharma business to Danaher Corp for $21 billion, its first major asset sale under new CEO Larry Culp. According