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Daily Archives: Mar 27, 2016

Ottawa has room to add another $15 billion to stimulus spending, says economist

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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 ...

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Brookfield, Starwood said to plan US$785-million German Interhotel sale

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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 ...

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Shell puts off decision on LNG megaproject in B.C. for another year as it grapples with plummeting oil prices and earnings

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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 ...

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Bell Media braces for U.S. advertising blitz during next year’s Super Bowl thanks to ‘bizarre’ CRTC ruling

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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 ...

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BCSC hires new head of enforcement after departure of former Crown prosecutor

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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 ...

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Housing starts slow in January as energy slump weighs

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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 ...

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Shell posts its worst performance on oil reserves since 2004 scandal

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Royal Dutch Shell Plc said hello depleted its gas and oil reserves much faster than it replenished all of them with new resources in 2015, its worst performance since an accounting scandal that engulfed the organization 12 years back. Shell said its reserves replacement ratio – the proportion of oil and gas production in the past year that was offset ...

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Low loonie luring foreign buyers, but an M&A boom in Canada may prove elusive

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Canadian companies are wanting to make deals and international businesses are looking to purchase in a low-loonie environment, but don’t expect that to create a wave of acquisitions this season. A decline in excess of 30 per cent in the exchange rate from the Canadian dollar from the greenback makes it less expensive for American firms to scoop up their northern ...

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