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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 ...

Tough times in the oilpatch are resulting in deep frugality within the grocery aisles, delivering a harsh blow towards the owner of Sobeys and Safeway. Empire Co. posted adjusted third-quarter earnings Thursday which were far below analyst estimates and also the Stellarton, N.S.-based retailer lost $1.36 billion in the third quarter after writing down the value of its Western Canadian ...

Energy analysts at TD Securities are pretty pleased with the current gains in oil prices, particularly simply because they designed a contrarian call in February and told clients to overweight the sector because US$30 per barrel crude doesn’t make much sense. However, they highlighted what they think about a troubling development: the continuing softness in Canadian benchmark AECO gas prices. ...

Twitter Google+ Reddit Email Typo?More Comments LinkedIn TumblrPinterest DiggFarkItStumbleUpon OTTAWA – The Liberal-dominated House of Commons finance committee is recommending the us government “provide targeted support” to regions battered by low commodity prices, and consider overhauling Canada’s tax system – although not touch current small-business tax rules. The committee, in its budget recommendations tabled Friday, also calls around the government ...

CALGARY ? In another setback for that Canadian liquefied gas industry, the U.S. Federal Energy Regulatory Commission has denied a credit card applicatoin to build a pipeline to provide gas to some proposed LNG project. Calgary-based Veresen Inc. has been trying to sign up customers because of its proposed Jordan Cove LNG plant around the coast of Oregon, but confirmed ...

CALGARY – A deal for Houston-based gas pipeline operator Columbia Pipeline Group Inc. will give TransCanada Corp. use of high-growth U.S. shale plays, analysts said Thursday. TransCanada, the Calgary-based pipeline company whose Keystone XL oil pipeline project was rejected late last year, issued a statement confirming it had been in talks with a “third party” about a “potential transaction.” “While ...

TORONTO – Royal Bank says low oil prices will make 2016 more challenging for Canada’s economy than previously thought. The bank has lowered its forecast with this year’s gdp to simply 1.7 percent. That’s down from RBC’s December forecast of 2.2 per cent growth this season. Related Alberta’s unemployment rate highest in 20 years as Canada’s job growth stallsCanadians now ...