CALGARY C Imperial Oil Ltd. is getting from the retail gasoline business in a $2.8-billion deal announced Tuesday to divest all of its company-owned Esso stations. The Calgary-based gas and oil company announced it was selling its remaining 497 Esso stations across Canada to numerous retail-focused gasoline distributors Tuesday. Imperial has been steadily selling-off its fuel stations of which there ...

Complaints against banks are on the rise, according to the financial services industry’s ombudsman. Overall complaint volumes remained stable, but banking-related complaints increased, based on the Ombudsman for Banking Services and Investments (OBSI), which released its annual report for 2015 on Wednesday. The Ombudsman opened 273 banking cases last year, up 21 per cent in the year before. The increase ...

OTTAWA – The Bank of Canada is anticipated to create its latest announcement on interest rates later today. And nevertheless there is little expectation of a switch to its overnight rate target, economists will be looking for any clues regarding the way the central bank views the economy. The Bank of Canada’s key interest rate stands at 0.5 percent after ...

MONTREAL C Canadian auto parts maker Magna International Inc said on Wednesday it’ll open a brand new seat-making facility in China to provide Zhejiang Geely Holding Group Co’s Volvo car group. The 5,200-square-meter facility in Taizhou, China, will be completed by mid-2016, Magna said inside a news release published throughout a Toronto event for investors and analysts. It will produce ...

TORONTO ? In the halls of the year’s Prospectors and Developers Association of Canada (PDAC) mining conference in Toronto, Leigh Curyer was treated like a star. “It would be a large amount of fun, but we’ve still got a much more try to do and much more items to achieve,” Curyer, the chief executive of NexGen Energy Ltd., said within ...

MONTREAL – People need to get their heads round the idea that non-renewable fuels are “probably dead,” the CEO of Canadian Pacific Railway said Wednesday. “I’m not maybe as green when i should be but I occur to think the weather is changing (and) they’re not going to fool me anymore,” Hunter Harrison told a J.P. Morgan transportation conference in ...

David Garofalo, the brand new chief executive of Goldcorp Inc., made his first big mark on Wednesday night because the company announced a series of management changes. The moves were not an unexpected. Garofalo continues to be talking about decentralizing head office control at Goldcorp and giving the mine managers more accountability. “This allows the organization to maneuver forward with ...

It took 16 pages but when there is any doubt that Manitoba was not in favour of a national securities regulator the message came through in the final paragraph. “The existing regulatory scheme has capably met the requirements of investors, market participants and businesses in Manitoba by managing risks throughout the 2008 global financial trouble,” said Donald Murray, chair of ...