Following the recent crude oil price rally, economists say Canada’s economy risks getting caught in a bind where oil prices are not quite sufficient however the loonie is not very reasonable enough. Canada’s dollar has already established a strong rebound in the past month, rising from about 68 cents from the U.S. dollar to 76 cents by Monday. Oil prices ...
Read More »Daily Archives: Mar 27, 2016
eBay aims to transform shopping experience to compete with online giants Alibaba, Amazon
TORONTO – EBay, regarded in the early days as an endless repository for Beanie babies and baseball trading cards, has transformed beyond as being a reliable place for collectables and used goods. But though 80 percent of what’s sold nowadays on eBay Canada is totally new, its relationship using the remaining 20 per cent is what makes the website special, ...
Read More »Donald Trump urges America to block Saudi oil unless it takes on ISIL
Donald Trump has said he would think about a freeze on oil purchases from Saudi Arabia unless it committed to fighting ISIL in Syria. The Republican frontrunner said the U.S. had suffered “tremendous monetary hits” in its combat the Islamic State of Iraq and the Levant (ISIL), which was time for the Saudi kingdom to create a contribution. In the ...
Read More »Commodities could be headed for ‘buffalo jump’ as investors rush for the exits, Barclays warns
Commodities including oil and copper are in chance of steep declines as recent advances aren’t fully grounded in improved fundamentals, according to Barclays Plc, which warned that prices may tumble as investors rush for the exits. Canada’s recovery in danger of ‘twilight zone’ of low oil and rising loonie Canada’s economy risks getting caught in a bind where oil costs ...
Read More »Columbus Gold launches proxy fight against Eastmain Resources
As Robert Giustra sees it, the management team at Eastmain Resources Inc. is so entrenched there wasn’t any reason to even attempt a friendly method of the organization. “The overwhelming consensus was that many others have tried and been averted, there was no point,” the chairman and leader of Columbus Gold Corp. said in an interview. Columbus launched a proxy ...
Read More »Banker accused of ‘shameful charade’ to bilk investors of $95 million seemed to have it all
Andrew Caspersen, the banker accused of stealing $25 million, appeared to get it all, at least in writing. Scion of a family that built and sold a finance company for billions, Caspersen went from Princeton University to Harvard School, where students can read rare books in the Caspersen Room or study within the Caspersen Student Center. Until Monday, he was ...
Read More »Sears Canada not likely to die while it still has real estate to sell
TORONTO – So long as Sears Canada has viable property to sell – and management is able to keep shaving costs – the struggling retailer will likely stay alive despite posting many years of declining sales and substantial operating losses. That’s the view of the new report from Desjardins Securities, which notes the department store’s management is not in a ...
Read More »Cequence Energy abruptly fires CEO, 2 vice-presidents, promotes chief operating officer to CEO
CALGARY — Cequence Energy Ltd. has abruptly replaced its leader and dismissed two of its vice-presidents included in a strategic alternation in direction and cost-cutting efforts because of low natural gas prices. The company has promoted Todd Brown as CEO, replacing Paul Wanklyn immediately. Brown continues to be the company’s chief operating officer since August 2014 and Wanklyn has been ...
Read More »