Finance News Follow us to find the latest Finance news

Dominic Barton, the brand new head of the Liberal government’s economic advisory council, honed his leadership expertise in Asia and his appointment Monday offers clues concerning the economic direction the government might be taking in the coming years. Barton may be the head of global consulting giant McKinsey & Co., a famously discreet and prestigious management firm that consults a ...

MONTREAL – Gildan Activewear Inc. (TSX:GIL) says a 20 per cent rise in Gildan-branded underwear sales as well as bigger growth at its printwear segment helped the clothing manufacturer to a US$67.6 million profit in the fourth quarter. Overall sales were up 39.2 percent to US$543.8 million, from US$390.Six million a year earlier, and above the company’s estimate – mainly ...

When I had been an undergraduate studying tax policy, I remember John Bulloch’s vicious attack on Pierre Elliott Trudeau’s tax reform package, that was particularly threatening to small businesses and investors. Bulloch, head from the Canadian Federation of Independent Business, was successful in paring back proposals that will have squeezed many Canadian entrepreneurs hard. As a result, the CFIB developed ...

OTTAWA ? The pace of inflation in Canada accelerated faster than expected last month, but economists said that costs are not rising in a level that would force the Bank of Canada to alter course. Nearly half of Canadians are within $200 per month to be not able to pay their bills, poll finds And that’s not the worst from ...

An influential shareholder advisory firm has raised a red flag about the way Corus Entertainment Inc. intends to fund its $2.65-billion acquisition of Shaw Media Inc., but continues to be advising shareholders to approve the transaction. In a Feb. 19 report, U.S.-based Institutional Shareholder Services (ISS) Inc. expressed concerns over just how much debt and equity Corus will raise to finance the acquisition, which is paid through $1.85 ...

Canada’s latest international law firm merger has become official. Gowling WLG launches on Monday, caused by the previously announced merger of Canadian law practice Gowling Lafleur Henderson LLP and U.K.-based international firm Wragge Lawrence Graham & Co. The newly merged firm has 1,400 lawyers and professionals employed in 18 cities across Canada, the U.K., Europe, the center East and Asia. ...

TORONTO – First Quantum Minerals Ltd. warned there is “significant doubt” it may continue like a going concern because the company struggles to handle a massive debt load amid very weak base metal prices. The Toronto-based copper miner made the disclosure Thursday night because it is in danger of breaching a key debt covenant. It needs to conserve a net ...

Some Canadian banks might be forced to preserve capital by raising equity or perhaps cutting dividends if oil prices continue to slump, Moody’s warns inside a new report. In a “severe stress” scenario modelled through the ratings agency, and included in the are accountable to be widely circulated Monday, losses in consumer lending portfolios would exceed historic peaks and capital ...