OTTAWA – It’s the Bank of Canada’s turn to weigh in on the country’s economy. Why the budget set an ‘excessively low bar’ with US$25 oil price The Liberal government could still meet its budget targets if oil prices fall to US$25 a barrel this season and Canada’s economy only grows by one percent. Read more Monetary policy officials have ...

WASHINGTON – U.S. economic growth slowed within the fourth quarter, although not as sharply as previously estimated, with fairly strong consumer spending offsetting the drag from efforts by businesses to reduce a listing overhang. Gross domestic product increased in a 1.4 per cent annual rate instead of the previously reported 1.0 per cent pace, the Commerce Department said on Friday ...

Following the recent crude oil price rally, economists say Canada’s economy risks getting caught in a bind where oil prices are not quite sufficient however the loonie is not very reasonable enough. Canada’s dollar has already established a strong rebound in the past month, rising from about 68 cents from the U.S. dollar to 76 cents by Monday. Oil prices ...

TORONTO – EBay, regarded in the early days as an endless repository for Beanie babies and baseball trading cards, has transformed beyond as being a reliable place for collectables and used goods. But though 80 percent of what’s sold nowadays on eBay Canada is totally new, its relationship using the remaining 20 per cent is what makes the website special, ...

Donald Trump has said he would think about a freeze on oil purchases from Saudi Arabia unless it committed to fighting ISIL in Syria. The Republican frontrunner said the U.S. had suffered “tremendous monetary hits” in its combat the Islamic State of Iraq and the Levant (ISIL), which was time for the Saudi kingdom to create a contribution. In the ...

Commodities including oil and copper are in chance of steep declines as recent advances aren’t fully grounded in improved fundamentals, according to Barclays Plc, which warned that prices may tumble as investors rush for the exits. Canada’s recovery in danger of ‘twilight zone’ of low oil and rising loonie Canada’s economy risks getting caught in a bind where oil costs ...

As Robert Giustra sees it, the management team at Eastmain Resources Inc. is so entrenched there wasn’t any reason to even attempt a friendly method of the organization. “The overwhelming consensus was that many others have tried and been averted, there was no point,” the chairman and leader of Columbus Gold Corp. said in an interview. Columbus launched a proxy ...

Andrew Caspersen, the banker accused of stealing $25 million, appeared to get it all, at least in writing. Scion of a family that built and sold a finance company for billions, Caspersen went from Princeton University to Harvard School, where students can read rare books in the Caspersen Room or study within the Caspersen Student Center. Until Monday, he was ...