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Latest Stories

  • Canadian firm vows to employ indigenous people at Amazon potash mine

    SAO PAULO (Reuters) -Brazil Potash, the Canadian firm planning to build Latin America's largest potash mine in the Amazon rainforest, is willing to employ local Mura indigenous people as it seeks their backing for the sensitive project, the company said in an interview on Monday. The project in Autazes, Brazil, 75 miles (120 kms) southeast of the Amazonas state capital Manaus, would reduce Brazilian agriculture's reliance on imports for 95% of its potash needs. The Mura, who fear the mine would bring prostitution and drugs to their communities, have opposed the project.

  • Canada's headline inflation drops below 8%: What you need to know

    Kevin Carmichael: But it's still well above the Bank of Canada's 2% target

  • Toronto market's winning streak ends as tech slides

    Canada's main stock index fell on Wednesday after five straight days of gains as technology and material stocks fell, although a rebound in oil prices boosted heavyweight energy shares and capped overall losses. The Toronto Stock Exchange's S&P/TSX composite index ended down 88.53 points, or 0.4%, at 20,181.44 after notching its highest closing level in more than two months the day before. "There's a lot of short covering that's happening which has caused the market to rally quite substantially off of the lows," said James Telfser, Managing Partner and Portfolio Manager at Aventine Investment Counsel.

  • Home Depot sales lifted by higher prices, demand from builders

    (Reuters) -Home Depot Inc on Tuesday surpassed estimates for quarterly results as demand from builders and higher prices helped the biggest U.S. home-improvement chain cushion the blow from a drop in store visits. Customers who bought homes during last year's housing boom are still driving demand for home-improvement chains even as the explosive growth seen during the peak of the pandemic has cooled. Home Depot reported bigger-than-expected comparable sales growth of 5.8% in the second quarter, but that was below the average of 14% in the corresponding periods of the past two years.

  • Molson Coors Driving Sustainable Impact with Additional $1.5 Million in Grants to Advance Social Justice & Equity

    As part of its Project Justice initiative, Molson Coors announced today another $1.5 million donation to BIPOC (Black, Indigenous and people of color) organizations dedicated to equity, empowerment, justice and community building, bringing its total cumulative investment to $4.5 million since 2020. As part of this year's initiative, Molson Coors is allocating more than $500,000 in grants to provide educational cost relief to students from underserved communities seeking to finish their college d

  • Amazon criticizes 'burdensome' FTC probe into Prime

    The probe was previously reported by Business Insider, but Amazon made the probe public in a recently posted petition with the FTC that questioned what it called the agency's "burdensome" requests and said the commission was harassing senior executives. In an Aug. 5 filing, Amazon said the commission first sent a investigative demand for information in March 2021 in the Prime probe and in June expanded its requests for additional non-Prime subscription programs including Audible, Amazon Music, Kindle Unlimited and Subscribe & Save. Amazon says the expanded requests for information are "overly broad and burdensome."

  • Target profit crumbles as inflation-weary consumers shun discretionary spending

    (Reuters) -Target Corp reported a bigger-than-expected 90% fall in quarterly earnings on Wednesday and missed estimates for comparable sales as it struggled to lure inflation-hit shoppers with steep discounts on apparel, electronics and home goods. As Target relies more on discretionary categories, it is prone to take a bigger hit during tougher times than its rivals such as Walmart Inc, where groceries and packaged food items get more shelf space. Walmart beat profit estimates as its core base of low-to-middle income shoppers flocked to its stores for bargains on groceries.

  • Meme stock Bed Bath & Beyond soars after investor Ryan Cohen's latest bets

    (Reuters) -Shares of Bed Bath & Beyond Inc surged 60% to a near five-month high in volatile trading on Tuesday, as retail investors flocked to the stock after a filing revealed activist investor Ryan Cohen's latest bet on the home goods retailer. The stock rose as much as 78.8% to $28.60 during the session and trading was halted multiple times for volatility. Cohen's investment vehicle RC Ventures, which is the second largest investor in the company and has added three independent directors to its board, bought call options expiring in January 2023 on 1.67 million shares with a strike price ranging from $60 to $80.

  • The Home Depot Announces Second Quarter Results; Reaffirms Fiscal 2022 Guidance

    The Home Depot®, the world's largest home improvement retailer, today reported sales of $43.8 billion for the second quarter of fiscal 2022, an increase of $2.7 billion, or 6.5 percent from the second quarter of fiscal 2021. Comparable sales for the second quarter of fiscal 2022 increased 5.8 percent, and comparable sales in the U.S. increased 5.4 percent.

  • BOAT ROCKER STRIKES FIRST-LOOK DEAL WITH JAY BARUCHEL

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  • Cannabis producers destroyed a record amount of unsold product last year

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  • QUARK EXPEDITIONS INTRODUCES A NEW STYLE OF CAMPING IN THE POLAR REGIONS

    Quark Expeditions, the global Leader in Polar Adventures, has expanded its overnight camping opportunities for guests in Greenland as part of this season's portfolio of immersive experiences."Camping overnight in the Polar Regions has long captured the imaginations of our guests," says Thomas Lennartz, Vice-President of Sales for Quark Expeditions. "We launched our first camping options in Antarctica, where guests could bed down for the night while gazing up at the indigo glow of an Antarctic ni

  • Tykr, the stock market education tool, is now on sale

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  • BMW confirms fatal crash, says car wasn't self-driving

    A fatal crash involving four vehicles on a German highway did not involve a self-driving car, BMW said on Tuesday, refuting a police statement that had questioned whether the driver had been actively steering the vehicle at the time. A 33-year-old woman was killed and nine other people, including the 43-year-old driver of the BMW and his 18-month-old passenger, were seriously injured. BMW confirmed that the crash had involved one of its models but said the car in question had no self-driving capabilities.

  • RECONAFRICA ANNOUNCES EXTENSION OF ENVIRONMENTAL CLEARANCE CERTIFICATE TO AUGUST 26, 2025

    Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) announces that it has received a three year extension to its Environmental Clearance Certificate (the "ECC"), from the Office of the Environmental Commissioner, Ministry of Environment, Forestry and Tourism of the Republic of Namibia, covering the entire PEL 73 permit, which covers over 6.3 million acres (25,000 km2), in northeast Namibia.

  • SUPERIOR GOLD REPORTS SECOND QUARTER RESULTS

    Superior Gold Inc. ("Superior Gold" or the "Company") (TSXV: SGI) (OTCMKTS: SUPGF) announces financial results for the second quarter of 2022 for the Company's 100%-owned Plutonic Gold Operations, located in Western Australia.

  • New 'candy' e-cigs catch fire after U.S. regulators stamp out Juul's flavors

    Since 2016, the U.S. Food and Drug Administration has sought to crack down on fruity, sweet-flavored e-cigarettes that hook teenagers on nicotine. But at least 20 brands continue to sell China-made disposable devices with kid-friendly flavors such as "peach blueberry candy" and “pineapple strawnana" at liquor stores, smoke shops and convenience stores in the United States, Reuters has found. Findings by Reuters are drawn from a dataset produced by IRI, a Chicago market research firm that uses scanner data and other information to track retail purchases.

  • Exclusive-World Bank's IFC taps blockchain for carbon offsets

    International Finance Corp (IFC), a World Bank affiliate, told Reuters on Wednesday it is backing a blockchain-enabled platform to trade carbon offsets, aiming to attract more support from institutional investors for climate-friendly projects in emerging markets. It is a bet that using blockchain - a digital database with information that can be publicly shared within a large decentralised network - will boost the use of carbon offsets to a greater extent than more traditional methods. These credits are used by companies and organisations to offset emissions when accounting for their carbon footprint.

  • New Investors: Follow the KISS Model With These 3 TSX Stocks

    These TSX stocks keep it super simple for new investors. You'll need each of these services over the next decade or more, as will everyone else. The post New Investors: Follow the KISS Model With These 3 TSX Stocks appeared first on The Motley Fool Canada.

  • Kronos Bio and Invivoscribe Partner on Companion Diagnostic for Use with Entospletinib, Kronos Bio's Investigational Compound Being Developed for Patients with AML

    Kronos Bio, Inc. (Nasdaq: KRON), a company dedicated to transforming the lives of those affected by cancer, and Invivoscribe, a global provider of diagnostic kits and services for oncology, today announced their agreement to develop a companion diagnostic (CDx) for use with Kronos Bio's investigational therapy, entospletinib. Entospletinib is Kronos Bio's lead clinical compound, currently in the ongoing Phase 3 registrational AGILITY study for the treatment of newly diagnosed NPM1-mutated acute