Canadian Imperial Bank of Commerce and Bank of Nova Scotia are stepping up their involvement with fintech firm Thinking Capital, the latest example of deepening ties between Canada’s big banks the financial technology firms that are increasingly challenging them on their own turf.
CALGARY - Suncor Energy Inc. (TSE:SU) says it expects to restore more of its oilsands production by the end of this week.
The Calgary-based company says start up activities have begun at its oilsands base plant north of Fort McMurray, Alta.
Valeant Pharmaceuticals International Inc. (TSE:VRX) received a joint takeover offer from Japan's Takeda Pharmaceutical Co Ltd and TPG Capital Management LP this spring that the Canadian drugmaker rejected, according to a source familiar with the matter.
Royal Bank of Canada (RBC) (TSE:RY) said on Thursday bad loans increased by C$583 million, or 19 percent, in the second quarter from the quarter before, largely due to a rise in credit to oil firms that had turned sour.
Fintech was supposed to disrupt the financial old guard, but their stocks are tanking, and the market hasn’t been impressed with their performance so far.
Billionaire investor George Soros’s fund made a big wager on gold during the first quarter and bumped up its “put” option in an ETF that tracks the S&P stock index.
TORONTO - The Canadian dollar weakened against its broadly firmer U.S. counterpart on Wednesday as a wildfire threatened oil sands facilities in Alberta, while global oil prices seesawed.
The Chinese state-owned ICBC Standard Bank, the world's biggest bank by assets, has agreed to buy Barclays precious metals storage business, including its state-of-the-art storage facility in London.
A Calgary-based oil company says it is in danger of defaulting on some of its debts by the end of June, but is working with its lenders to make sure that doesn't happen.
Penn West Petroleum Ltd. said in its quarterly earnings on Monday that it is considering selling assets and raising capital via other means in order to pay its debts and stay in business.
