TORONTO (Reuters) – Toronto Mayor Rob Ford, who denied allegations earlier this year that he was caught smoking crack cocaine on camera, casually admitted on Wednesday that he has smoked “a lot of” marijuana.
The offhand comment by the leader of Canada’s largest city came as Ford was leaving a business luncheon and was asked by reporters if he had ever smoked the drug.
TORONTO (Reuters) – The 38th Toronto International Film Festival promises a heavy dose of Oscar bait and celebrities, with past Academy Award winners Meryl Streep, Colin Firth and Julia Roberts all expected in town for the 11-day event, which starts on September 5.
Widely considered the kick-off to Oscar season, the 2013 festival will feature 146 world premieres, including talked-about new films from acclaimed Canadian directors Paul Haggis and Denis Villeneuve. The full program was released on Tuesday.
TORONTO, Aug 20 (Reuters) – The 38th Toronto International
Film Festival promises a heavy dose of Oscar bait and
celebrities, with past Academy Award winners Meryl Streep, Colin
Firth and Julia Roberts all expected in town for the 11-day
event, which starts on Sept. 5.
Widely considered the kick-off to Oscar season, the 2013
festival will feature 146 world premieres, including
talked-about new films from acclaimed Canadian directors Paul
Haggis and Denis Villeneuve. The full program was released on
TORONTO, Aug 1 (Reuters) – Barrick Gold Corp
reported stronger-than-expected quarterly results on Thursday,
sending its shares up as much as 5.6 percent even as it recorded
a massive $8.7 billion impairment charge and cut its dividend by
The world’s largest gold producer also lowered its capital
spending forecast for the year and cut its cost estimates for
both copper and gold production.
By Julie Gordon
(Reuters) – Top U.S. gold miner Newmont Mining Corp (NEM.N: Quote, Profile, Research, Stock Buzz) on Friday posted a $2 billion second-quarter loss after a sharp drop in bullion prices and an impairment charge related to two Australian mines.
Newmont said the one-time $1.8 billion charge was primarily tied to two of its Australian mines, Boddington and Tanami, where sinking gold and copper prices have lowered the value of property, plant and mine development.
July 25 (Reuters) – Police raided the Canadian offices of
Montreal, Maine & Atlantic Railway on Thursday as part of their
investigation into a train crash earlier this month that
destroyed the center of the small town of Lac-Megantic, Quebec,
and killed 47 people.
“We are executing a search warrant,” Sergeant Benoit Richard
of the provincial police, Sûréte du Québec, told Reuters. “We
are searching the offices now.”
TORONTO, July 25 (Reuters) – Teck Resources Ltd on
Thursday reported a sharp drop in second-quarter earnings on
lower copper and coal prices, and cut its capital spending plan
through 2014, delaying new mining projects.
The company, Canada’s largest diversified miner, is slowing
the restarting of its Quintette coal mine in British Columbia
until the steelmaking coal market recovers, and it delayed
development of its Quebrada Blanca Phase 2 copper expansion in
By Julie Gordon
(Reuters) – Freeport-McMoRan Copper & Gold Inc (FCX.N: Quote, Profile, Research, Stock Buzz) reported a sharp drop in second-quarter profit on Tuesday and laid out a plan to cut medium-term spending in light of declining metal prices and global economic uncertainty.
The Arizona-based miner said it is clamping down on spending and has cut $1.9 billion in planned capital expenditures and other costs through 2014.
July 19 (Reuters) – Canadian investigators issued their
first recommendations on Friday after a devastating train wreck
in Quebec, urging that trains with dangerous goods not be left
unattended, and pushing for stricter guidelines on railway
Transportation Safety Board (TSB) investigators probing the
July 6 disaster in the lakeside town of Lac-Megantic said that
the “braking force” that had been applied to the train, which
was hauling 72 tanker cars of crude oil, was insufficient to
hold it in place.
July 18 (Reuters) – Canada’s two big railroads are reviewing
safety standards after the deadly train crash on July 6 that
killed some 50 people and destroyed the center of a small Quebec
Canadian Pacific Railway Ltd, Canada’s No. 2
operator, said on Thursday it has already made some changes to
its operating rules. It will no longer park unattended trains
hauling hazardous materials on main lines, and is bringing in
tougher rules on setting the brakes that hold a stationary train