It may not be the first of its kind following the recent unveiling of new rules allowing a broader group of investors to sign up within the exempt market. But it’s the first by CoPower, a Montreal-based online lender (which also comes with an office in Toronto) that’s focused on clean energy and which has just launched its first green bond ...
Read More »Monthly Archives: March 2016
AutoCanada’s stock slide is overdone, AltaCorp Capital analyst says
Investors are punishing AutoCanada Inc. because of its contact with Alberta, but the stock price decline is overdone and it might be time to buy shares from the dealership group, based on AltaCorp Capital. Analyst Chris Murray cut his price target on AutoCanada to $26 from $33 but upgraded the stock to outperform, citing an approaching inflection point. “The market ...
Read More »TMX Group Ltd becomes world’s top-performing stock exchange operator on turnaround plan
TMX Group Ltd. is outperforming its global peers this season as investors visit a glimmer of a turnaround in the Canadian exchange operator because it tries to diversify beyond its traditional resource base. Shares of Toronto-based TMX, which owns and operates the Toronto, Venture and Alpha stock exchanges, along with a securities clearing house and derivatives markets, are up 8.6 ...
Read More »How the rise of puffy parkas in Canada led to the downfall of Danier Leather Inc
TORONTO ? A balmy winter gave Danier Leather Inc. its final push towards initiating insolvency proceedings last week, but the rising popularity of down-filled parkas might have were built with a longer-term submit the retailer’s downfall, according to court filings. BeaverTails bets on skiers and fair-goers being in the mood for its quintessential Canadian treat The Montreal-based company found success ...
Read More »Canadian energy companies selling off ‘jewels in the crown’ to keep oilsands operations afloat
CALGARY – Faced with record affordable prices for heavy crude, Canadian energy information mill sacrificing other parts of the business to help keep higher-cost oilsands production going and safeguard the billions already committed to these multi-decade projects. No living large for oil majors as even they take a savage beating from fall in crude prices Integrated oil companies for example ...
Read More »Calgary-based fertilizer producer Agrium Inc sees Q4 profit jump to US$200 million
CALGARY — Agrium Inc. says it reaped a substantial increase in profit last year, bolstered with a strong fourth quarter. The Calgary-based fertilizer producer and retailer, which reports in U.S. currency, had $200 million of net income in the fourth quarter ended Dec. 31, up from $51 million a year earlier. The net income amounted to $1.45 per share, up ...
Read More »Goldman Sachs see risk of oil ‘in the teens’ as producers run out of storage
Oil could drop below US$20 a barrel as the look for a level that brings supply and demand back into balance makes prices much more volatile, Goldman Sachs Group Inc. predicted. With ability to store oil exhausted in some places, prices may need to drop low enough to prevent crude output that may no longer be stockpiled, said Jeff Currie, ...
Read More »Western First Nations launch $3 billion lawsuit over aboriginal oil
Two western First Nations are launching a lawsuit over the things they say is federal mishandling of the energy resources on their reserves. The Onion Lake and Poundmaker Cree bands are asking Federal Court to award $3 billion in damages. They say the federal agency responsible for developing and regulating gas and oil reserves on aboriginal land has failed them ...
Read More »