Gold has returned in vogue as investors seek out a secure haven amid growing global volatility. The real question is whether this gold rally may have legs, or whether or not this will fizzle out like numerous others over the past couple of years. The precious metal is incorporated in the midst of the tremendous upward move, jumping 18 percent ...
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Behind RioCan’s decision to redeem its first-of-its-kind rate reset preferreds
A piece of credit history will be made next month when RioCan Real Estate Investment Trust redeems a problem of cumulative rate reset preferred trust units. When occurring C and holders receive the return of the original $125 million investment as well as the payment from the quarterly distribution C you will see another REIT with preferred trust units as ...
Read More »Fiat Chrysler adds 1,200 jobs to Windsor plant in preparation for new Pacifica minivan
FCA Canada’s $3.7-billion overhaul of its Windsor, Ont., minivan plant has created 1,200 new jobs, a sign that Canada will have a huge role in Fiat Chrysler NV’s future as it restructures its operations. The company revealed its new Pacifica minivan, built in Windsor, to a Canadian audience for the first time Thursday at the Canadian International Auto Show in ...
Read More »Canada could adopt negative interest rates within the next two years, Citi says
Canada could be among a handful of countries to consider negative rates of interest within the next 2 yrs as the European policy experiment gains popularity, says a brand new report from Citigroup. The Bank of Japan earlier this year had become the fifth central bank to visit negative, which means it charges banking institutions to deposit money with it. ...
Read More »Quebec’s ‘autocratic’ control over maple syrup producers in need of major overhaul: provincial report
Quebec’s “autocratic” charge of maple syrup makers, a reign of terror which relies on bailiffs, security guards and also the courts, is crippling the province’s most celebrated export, and the province needs to abandon its maple syrup quotas, says a brand new report. How a maple syrup rebellion is rising in Quebec Fighting to have their syrup from the hands ...
Read More »North American energy ministers sign agreement to share data on clean energy in ‘revived relationship’
WINNIPEG – Canada, the United States and Mexico have agreed to share information, maps and clean-energy innovations – one step toward a continental energy strategy that would include lower emissions and greater energy security. Energy ministers from the three countries met for any day in Winnipeg and said they are making progress toward greater co-operation. U.S. Secretary of Energy Ernest ...
Read More »Lawrence Solomon: It’s ‘game over’ for global warming activists
Environmentalists’ faint hope that they can get international action on climate change gets fainter each day. Now america Supreme Court put into their despair by kiboshing President Obama’s pledge, at December’s climate talks in Paris, to lead the world on climate change. “This may be the proverbial string which in turn causes Paris to unravel,” The brand new York Times ...
Read More »Oil prices jump on talk OPEC is ready to deal, but traders are wary of ‘jawboning’
NEW YORK – Global oil prices surged around 12 per cent on Friday after a report once more suggested OPEC might finally agree to cut production to lessen the planet glut, while a bounce in stock markets fed appetite for risk. Despite the strong daily gain, oil prices were poised to end a few days down as much as 5 ...
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