Finance News Follow us to find the latest Finance news

Canada’s biggest oil producers are sitting on a near-record pile of cash, providing them with the time to keep investing and manage debt while weathering the worst price rout inside a generation. The five largest oil producers including Suncor Energy Inc. and Cenovus Energy Inc. possess a combined $8.5 billion in cash and cash equivalents, a rise of seven.6 percent ...

Professional communications between taxpayers and their legal advisers are privileged from disclosure to third parties. Legal privilege, the oldest common law right, is a fundamental principle of justice that grants a defense against disclosing evidence. Our courts zealously protect privilege, even just in the face of recent government legislation to compel disclosure of suspected money laundering transactions. Subject to several ...

CALGARY C The Alberta government is gearing up for a fight using the province’s power industry simultaneously as it appointed a negotiator Wednesday to develop terms for any coal-fired power phase out. Economic Development and Trade Minister Deron Bilous said at a press conference Wednesday that power companies in Alberta were exploiting “loopholes” within the power market. He explained the government ...

As traditional automakers scramble to invest in ride-hailing and car-sharing services, a new study shows that they’re probably likely to end up cannibalizing their very own customers. The American Public transit Association (APTA) surveyed more than 4,500 users of shared mobility in seven U.S. cities and found that people who use services like Uber, Lyft and Zipcar are significantly less ...

Canada’s largest pension funds have advice for Justin Trudeau’s government as it prepares to double its infrastructure investments within the next decade: stick to the Australian model and think big. The funds, which manage a lot more than $760 billion in combined assets, say they need large projects like airports, toll roads and ports to warrant their time and investment ...

NEW YORK – Next week’s federal budget will restore age eligibility for senior years security to 65, says Pm Justin Trudeau. Trudeau says the choice by the previous government to increase it to 67 would be a mistake and there must be more thought provided to the system of supporting seniors. “Tweaking age like this is an extremely simplistic solution ...

CALGARY — Shareholders are pushing Canada’s dominant oilsands player to supply more detail on two sticky topics: its intends to thrive under tougher climate policy and its political lobbying. Separate shareholder proposals happen to be filed in front of Suncor Energy’s annual general meeting next month — with one greeted a lot more warmly than the other by the company. ...

Chipotle Mexican Grill Inc.’s food-safety crisis has taken an unwanted milestone to the beleaguered restaurant chain: its first quarterly loss as a public company. The company, which saw sales fall for a minimum of the 3rd straight month in February, now expects a loss of revenue of US$1 a share or more in the first quarter, according to an argument ...