The battered Canadian dollar is anticipated to weaken much more, associated with the ill fortunes of depressed oil prices and also the prospect of another rate of interest cut, a Reuters poll showed. Here are Canada’s winners and losers because the loonie nosedives After plunging to its weakest in 13 years in mid-January, to $1.4689 on Jan. 20, the Canadian ...

President Obama will propose a US$10 per barrel tax on oil in the fiscal 2017 budget to finance self- driving cars, riding on the bus, railroads along with other transportation improvements, the White House said. “By placing a fee on oil, the President’s plan results in a clear incentive for private sector innovation to lessen our reliance upon oil and ...

The Liberal government could have more room to manoeuvre on stimulus spending with no damage its fiscal health, say economists. Prime Minister Justin Trudeau and his government are set to unveil their budget within the coming months. Originally, Trudeau’s election platform made room for at least $5 billion a year in new infrastructure spending to assist pump necessary stimulus into ...

Brookfield Property Partners LP and Starwood Capital Group plan to sell German hotels valued at as much as 700 million euros (US$785 million), based on a couple with knowledge of the matter. The owners have hired JLL and Eastdil Secured LLC to advise on the sale from the 10 hotels, once part of the East German government’s Interhotel chain, said ...

The punches keep coming for that Canadian oil and gas industry. The latest uppercut originated from Royal Dutch Shell Plc. on Thursday, because it postponed a choice on its US$40 billion liquefied gas export project in Kitimat, B.C. “likely” to the end of the year. Like most energy companies, Shell is reining in spending amid a serious oil and gas ...

As the NFL’s Carolina Panthers prepare to take on the Gambling this Sunday, Bell Media is preparing for the chance this is the last Super Bowl having a guaranteed audience for Canadian ads. Terence Corcoran: CRTC fumbles its imaginary Super Bowl commercial crisis If this were 2017, the Victorias secret Super Bowl commercial would be no secret to Canadians watching the ...

The Bc Securities Commission filled a vital positions Wednesday using the appointment of Peter Brady as director of enforcement.  Brady was recently director of corporate finance in the BCSC, and replaces Teresa Mitchell-Banks, an old high-profile Crown prosecutor who left the commission in November after being appointed with much fanfare this year. That was exactly the same year Brady, an ...

OTTAWA – Canadian housing starts slowed in January as groundbreaking on new homes fell towards the lowest level in four years in provinces which have been hurt through the downturn within the energy sector, a report from the national housing agency showed on Friday. The seasonally adjusted annualized rate of housing starts fell to 165,861 units last month from the ...