Sun Life Financial Inc. beat analyst expectations in the first quarter, fueled by its asset management segment. The Toronto-based insurance firm reported underlying earnings of $1.82 per share, better than the $1.71 predicted by analysts in a Bloomberg survey. Sun Life also raised its quarterly dividend to 88 Canadian cents from 84 cents. “In an
Lawson Winder, metals and mining analyst at Bank of America, discusses the reported deal made between Barrick Gold and the Mali government over a gold mine disp Barrick Gold Corp. is looking to sell its last mine in Canada in a push to capitalize on record gold prices and a renewed interest in North American
BNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. A Canadian investment firm changed the name of its U.S.-focused subsidiary to Made in America Gold from NV King Goldlands. The switch comes as U.S. President Donald Trump is encouraging firms to relocate operations to the
Gold rose to a record high above $3,028 an ounce as an escalation in Middle East tensions underscored its haven appeal, and investors weighed data that fueled concern the US economy is slowing down. Bullion climbed as much as 0.9 per cent as Israel launched military strikes on Hamas targets in Gaza, a move that
Wayne Lam, analyst director of mining research at TD Securities, shares his hot picks on gold miners. Bank of America Corp., Citigroup Inc. and Macquarie Group Ltd. have been vocal cheerleaders for gold during a breakneck rally that has taken prices to record highs above US$3,000 an ounce. With anxiety about the global economy growing,
(Bloomberg) — Canada’s Equinox Gold Corp. sought to acquire Calibre Mining Corp. in a deal that would value the combined companies at $5.4 billion, the latest example of dealmaking as miners capitalize on record gold prices. Vancouver-based Equinox said on Sunday it entered into an agreement to purchase Calibre in an all-stock transaction. Calibre shareholders