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OTTAWA – Rates of interest shouldn’t be the only real tool to promote financial stability, said the financial institution of Canada’s Timothy Lane, amid worries of highly indebted consumers and frothy housing markets in Toronto and Vancouver. Lane, deputy governor from the Bank of Canada, designed a speech in Montreal Monday concentrating on monetary policy’s effects on financial stability. The ...

CALGARY – Suncor Energy has announced that just about 73 per cent of Canadian Oil Sands shares and accompanying rights have been tendered to Suncor’s offer. Suncor officials asserted consequently, the organization will be able to make sure that a subsequent acquisition transaction will be completed and Suncor (TSX:SU) will acquire the remainder of the outstanding COS shares. In mid-January, ...

Widespread international concerns rose when Beijing announced a week ago that it is economy grew by 6.9 per cent in 2015, just neglecting to meet the official target of seven per cent for that year. The gloomy news out of China continues using its weakening stock exchange, its falling trade figures, its depreciating currency and its softening interest in a ...

REDMOND, Wash. – Going for a page from Jules Verne, researchers at Microsoft believe the future of data centres might be underneath the sea. Microsoft has tested a prototype of the self-contained data centre that can operate hundreds of feet underneath the top of the ocean, eliminating among the technology industry’s priciest problems: the air conditioning bill. Today’s data centres, ...

Robert Ingram of Moore Ingram Johnson & Steeles sought a brand new avenue of persuasion during a recent hearing before the Georgia Court of Appeals. Wearing Donald duck ears, he told the panel that not even Disney World couldn’t endure the “fantasy arguments” produced by opposing counsel. According to Law.com, Ingram told the court that he had spent the prior week at ...

MONTREAL — Plane and train maker Bombardier Inc, whose stock has hit its minimum in Twenty five years, will quickly announce plans for a reverse stock split, two sources acquainted with the problem said, in order to remain a part of Canada’s benchmark stock index. The sources, who aren’t authorized to publicly discuss the plans, said Bombardier’s board of directors ...

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 ...