Finance News Follow us to find the latest Finance news

CALGARY C Petrochemical companies have begun arranging to apply for the Alberta government’s new $500-million subsidy program meant to bring more “value-added” jobs to the province. Alberta Economic Development and Trade Minister Deron Bilous and Energy Minister Marg McCuaig-Boyd announced the new program Monday, which would give companies building new petrochemical plants as many as $500 million in royalty credits. ...

Integrated oil companies for example Imperial Oil Ltd., its parent Exxon Mobil Corp., and BP PLC are built to be resilient to market downturns, thanks largely to downstream operations that offset upstream woes. But Tuesday’s fourth-quarter results show even they are going for a savage beating in the fall in prices C in Canada, Imperial collected less than $23 a ...

After a year marked by reports of mass layoffs and sector contraction, Canada’s labour force is in need of a change, a brand new report says. ‘I’m done’: Alberta’s laid-off oil workers instructed to abandon industry in worst downturn they’ve ever seen For 36 years, Sue Jones rode the good and the bad of Alberta’s oilpatch. But after she was ...

TORONTO – There’s one group of customers that do not seem everything bothered by a series of outbreaks at Chipotle Mexican Grill: teenagers and college-aged youth. How Chipotle is evolving its cooking methods after a devastating E. coli outbreak After an E. coli outbreak that sickened more than 50 people, Chipotle is tweaking its cooking methods.Continue reading. That could signal a ...

A pension risk exchange – a web-based marketplace that aims to bring those defined benefit pension plans looking to purchase de-risking annuities with those that provide such products C is here in Canada. This week saw the unveiling of the Mercer Pension Risk Exchange, which has the modest objective of “revolutionizing the majority annuity market for defined benefit pensions.” The ...

The board of Pivot Technology Solutions, a California-based TSX Venture listed company that recently agreed to a share exchange whereby several insiders would acquire control without having to pay any cash, have now been put on notice by certainly one of its large public shareholders. A few days back when Pivot announced its support for a deal whereby shareholders (apart ...

Prime Minister Justin Trudeau is in Alberta now to take stock of the devastation wrought through the collapse in oil prices. Trudeau’s rebranding of Canada offers sunshine to Davos, but it’s cold comfort for battered oilpatch Like it or otherwise, he will also get an earful within the spate of anti-energy moves produced by his government that can make a ...

TORONTO  – Canada’s biggest pension funds say they are walking away from increasingly more global infrastructure deals, citing concerns that intense competition for assets has driven valuations too much. Canadian pensions facing down fierce competition to pursue global growth strategy Hong Kong-based executives in the Canada Pension Plan Investment Board first introduced themselves to officials at Postal Savings Bank of ...