Western Australia is the best mining jurisdiction in the world, while Saskatchewan is a close second. That is the conclusion of Canada’s Fraser Institute, which is released its annual Survey of Mining Companies on Tuesday. The survey, which collects feedback from countless mining professionals, tries to measure how resource potential and government policy affect mining purchase of 109 countries. Not ...
Read More »Daily Archives: Mar 27, 2016
Barrick Gold Corp chairman John Thornton looks to future acquisitions as company comes out of ‘intensive care’
John Thornton looks on Barrick Gold Corp. like a patient finally ready for discharge from hospital and going to abandon the fast living that landed it there. Barrick Gold Corp has returned on top as Canada’s best-performing stock and also the world’s most valuable gold company Barrick Gold Corp. has surged to become Canada’s best-performing stock like a two-month rally ...
Read More »Why free tuition helps all the wrong students
In early February, the Canadian Federation of scholars (CFS) released a research document. It determined, towards the surprise of nobody, that it’s within the public’s interest for the authorities at hand students billions of dollars more each year. One demand is a doubling in funding for that Youth Employment Strategy, which would cost $330 million per year. (When the CFS’s ...
Read More »Bank of Canada warns of email scams claiming to come from the central bank
OTTAWA – The financial institution of Canada is issuing a warning about email and social media scams which are claiming in the future from the bank. Canada’s central bank says the scams are utilizing its logos and letterhead without authorization and misrepresenting it. The Bank of Canada says it does not accept deposits from individuals or on behalf of them, ...
Read More »Peter Tertzakian: Will electric cars unplug oil prices?
Electric car sales are starting to obtain traction. Analytically, the numbers are showing growth. However, you have no need for a spreadsheet to determine the popularity. Cars built by Tesla, BMW yet others are turning heads at street corners C and turning investor sentiment too. So, Arthur’s question was unsurprising. And it was exactly the same question that is simmering ...
Read More »CP Rail chief Hunter Harrison’s compensation rose 6% to $19.9M in 2015
Hunter Harrison, the veteran leader of Canadian Pacific Railway Ltd., made $19.9 million in 2015 – a six per cent increase even as the business’s stock price fell 22 per cent. CP said the increase in Harrison’s total compensation was due to the fact that he’s paid in U.S. dollars. If the exchange rate had held steady from 2014, his ...
Read More »Canada’s second-hand economy worth $28 billion: report
Canada’s so-called “second-hand economy,” typified by sales of goods on consumer websites for example Kijiji and Craigslist, may be worth $28 billion, according to a new report. “Canadians granted a second life to 24.9 million more products this year over this past year, for a total of just one.85 billion objects,” according to the annual Kijiji Second-Hand Economy Index published ...
Read More »Canada’s economy grows more than expected, lifting loonie higher
OTTAWA – It’s safe to say many Canadians were glad to see the back of 2015. There was a mini-recession, fuelled with a caving oil sector and pushed deeper by weak business investment, along with sagging exports and an equally worrying decline in imports – all resulting in aggressive cuts in the country’s long-stagnant key lending rate. That also kept ...
Read More »