The price of crude is rising this morning as the wildfire in Fort McMurray, Alta., slows oilsands production.
The Wood Buffalo region of Alberta is the economic heart of the province, and key to world oil markets. It produces more than half of Canada's oil each day and is an important exporter to the United States.
Loblaw Companies Ltd. (TSE:L) reported first-quarter revenue that rose 3.3% to $10.4 billion, while its adjusted net earnings surged 12%, aided by increased cost savings.
Financial technology, or FinTech, is where technology meets financial services to provide alternatives for everything from bill payments to borrowing. The sector has come a long way from Interac, ATMs, and telephone banking, and now includes Bitcoin and Apple Pay.
Midas Letter author James West writes about what he thinks are three publicly-traded ‘baby unicorns’ that have great potential to become success stories.
BCE Inc. is planning on expanding westward through a friendly agreement to acquire Manitoba Telecom Services Inc. for $3.9 billion.
The agreement will add Manitoba’s largest phone, Internet and wireless company to a Montreal-based telecommunication business that stretches across Canada. If the deal closes, BCE plans to make Winnipeg its new Western Canadian headquarters.
A while back, we penned a column on how to choose a stock that was unlikely to be a target of a short-seller attack. This week, we are going to discuss the various strategies companies themselves can use to fight off the short sellers.
MONTREAL - Bombardier received a major boost Thursday from Delta Air Lines, which has placed a firm order for 75 CS100 aircraft with options for an additional 50 more in what would be the largest order for the Montreal company's troubled CSeries passenger jet program.
LAVAL, Que. — Embattled drug company Valeant Pharmaceuticals International Inc. has named Joseph Papa as its new chairman and chief executive.
The company says Papa, who was chairman and CEO of drug company Perrigo in the U.S., is expected to join Valeant early next month.
Inflation remained cool last month at 1.3 per cent as stubbornly low energy prices continued to weigh down the annual rate, Statistics Canada said Friday.
The latest rumour surrounding the development of Apple’s electric car, which Elon Musk has called an “open secret,” is that the tech giant may be in talks with Canadian automotive supply giant Magna to build its designs.
This comes on the heels of Handelsblatt, a German newspaper, reporting that the tech company has abandoned talks with BMW and Daimler over questions of ownership.
Canadian Pacific Railway Ltd. raised its dividend and launched a share buyback program on Wednesday, rewarding investors in the wake of the failed takeover bid for Virginia-based Norfolk Southern Corp.
Calgary-based CP said it will raise the quarterly dividend to 50 cents from 35 cents, and repurchase as many as 7 million shares or 5 per cent of its shares.
Silver futures rallied to their highest level in more than 10 months on Tuesday, and gold futures traded at a one week high, with the U.S. dollar-denominated metals getting a boost from weaker greenback.
Silver for May delivery advanced 71.7 cents, or 4.4%, to $16.97 an ounce on Comex. Prices haven’t traded at a level this high since late June and haven’t settled around this level late May.
