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Economic Status

Huge Petronas Canada LNG project runs into further delays over environmental assessment study

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OTTAWA/VANCOUVER/KUALA LUMPUR – A significant liquefied natural gas export project in Canada ran into another delay on Saturday once the federal environmental assessment agency was granted an extra 3 months to finish an impact study. Ottawa did though invest in announcing a final decision around the project this season, which may end a long-running saga for Malaysia’s state-owned oil giant ...

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Would-be medical exec from Iran barred from Canada over alleged ties to Tehran’s nuclear program

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Twitter Google+ Reddit Email Typo?More Comments LinkedIn TumblrPinterest DiggFarkItStumbleUpon TORONTO – An Iranian who invested more than $1-million inside a Toronto-based medical company and was set being its vice-president has been barred from Canada over his alleged links to Tehran’s nuclear program. The Canada Border Services Agency refused to issue a piece permit to Ramin Fallah, 49, labeling him a ...

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PI Financial acquires two independent dealers as consolidation heats up in brokerage business

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Vancouver-based PI Financial Corp. has become among the consolidators from the domestic brokerage business having a three-way deal announced Monday. PI has applied for a definitive agreement to acquire the retail clients of two Western Canadian firms, Wolverton Securities and Global Securities Corp. The two deals, announced at the same time, are scheduled to close at different times, in part ...

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Peter Tertzakian: Hard to break gasoline habit

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I pulled in to the filling station somewhat reluctantly. It was packed with a parade of cars, SUVs and pickups, each jockeying for their use nourish their internal combustion engines having a tank of gasoline. I do not like waiting. However i did, after the ordeal I went into the station to purchase coffee. “What’s going on out there,” Gurus ...

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Shorts still circling Enbridge, despite recent gains

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For the time being, a minimum of, the problem will stay something of a mystery. We are referring to the still high short-interest position in Enbridge, a few weeks after it closed a $2.3-billion equity offering after a period of substantial stock price gains. According to information released Friday by the TMX, rapid position in Enbridge as of March 15 ...

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Oilpatch M&As off to hottest start in years, fuelled by low prices

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Suncor Energy Inc.’s closure of their $6.6 billion Canadian Oil Sands Ltd. purchase Monday and TransCanada Corp.’s US$13.3 billion proposed acquisition of Columbia Pipeline Group indicate a recovery in M&A deals, using the segment enjoying its best year-to-date performance since 2009, according to data. “You possess a little more upward momentum in oil prices and the fire is burning a ...

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Kraft changed its mac and cheese ingredients and nobody noticed: ‘We’ve sold well over 50 million boxes’

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Usually when companies come forth with a brand new and improved formula, they want the general public to know. However when the item under consideration is an iconic food product, the calculus gets tougher. Every marketer remembers having a shudder the cautionary tale of New Coke. The Condiment Wars: The way a misstep by Heinz laid the path for French’s ...

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Bill Morneau sets Canada on path for near-record deficits, growing to more than $29B over next fiscal year

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OTTAWA – The Trudeau government has confirmed what a lot of private-sector analysts have predicted for months: Canada is headed for a string of near-record deficits as it plows many billions of dollars into new programs – many of them promised, a few not – along with multi-year infrastructure projects that have yet to be decided. After eking out a ...

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