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OTTAWA – The Liberal government revealed Tuesday that it will ‘t be fulfilling its election promise to reduce the little business tax rate, proposing that the rate should remain unchanged at 10.5 per cent for the foreseeable future. The original platform required the speed to become brought down in tranches to nine percent by 2019. It had been already lowered ...

TransCanada Corp.is working with JPMorgan Chase & Co. to find buyers in excess of US$7 billion in assets to help finance its acquisition of Columbia Pipeline Group Inc., individuals with understanding of the matter said. The people asked to not be identified since the information is private. Assets on the market incorporate a portfolio of U.S. Northeast merchant power plants ...

Investors in convertible debentures have won a significant victory that in all probability will end up a new standard, all to help ensure their rights are fully protected come maturity time. The victory became official now when Premium Brands Holdings Corp. raised $75 million by way of an offering of 4.65 per cent five-year converts. The proceeds will help Vancouver-based ...

An oil shock may be lurking nearby as the price bust has hammered investment in future supply, according to the International Energy Agency. “Historic” investment cuts happening now increase the chance of oil-security surprises in the “not-too-distant” future, Neil Atkinson, head from the IEA’s Oil Industry and Markets Division, said in Singapore on Wednesday. About US$300 billion is required to sustain ...

MONTREAL – A man walked into the Nautilus gym in Hayward, Calif., to speak with owner Leonard Schlemm and his business partner, Mark Mastrov, about purchasing the club. To show he was serious, the person opened up a briefcase packed with diamonds. How Freshii is riding the health food boom and finding inspiration from fast fashion to fuel its rapid expansion ...

Bombardier Inc. might be able to unload most the CSeries to the federal and Quebec governments if “Bailout 3.0” qualifies, prompting Scotiabank to upgrade the company’s shares. Bombardier has asked the federal government for US$1 billion, matching the contribution produced by the Quebec government within the fall. If the company’s wish is granted, it’s likely the troubled CSeries jet program ...

OTTAWA – It’s the Bank of Canada’s turn to weigh in on the country’s economy. Why the budget set an ‘excessively low bar’ with US$25 oil price The Liberal government could still meet its budget targets if oil prices fall to US$25 a barrel this season and Canada’s economy only grows by one percent. Read more Monetary policy officials have ...

WASHINGTON – U.S. economic growth slowed within the fourth quarter, although not as sharply as previously estimated, with fairly strong consumer spending offsetting the drag from efforts by businesses to reduce a listing overhang. Gross domestic product increased in a 1.4 per cent annual rate instead of the previously reported 1.0 per cent pace, the Commerce Department said on Friday ...