Finance News Follow us to find the latest Finance news

BURNABY, B.C. C The nation’s Energy Board should suspend its overview of the Trans Mountain pipeline until Pm Justin Trudeau reforms the nation’s regulator, a lawyer for the City of Burnaby said Wednesday. “You don’t have the legal right to speak in the interest from the citizens of Burnaby,” the city’s lawyer Gregory McDade told the NEB panel. Burnaby is ...

The Canadian dollar rallied, snapping a record losing streak, as the nation’s central bank kept rates of interest unchanged in the face of sinking oil prices. The loonie rose from the cheapest level since 2003 as the Bank of Canada held its benchmark at 0.5 per cent and said stronger U.S. demand, a weaker currency and last year’s rate cuts ...

TORONTO – Canadians may be pocketing some extra change at the gas pump and on their heating bills because of the plummeting price of crude, but experts say soaring food prices are more than offsetting those savings. “The percentage of our budget that goes to transportation is a lot smaller than the percentage in our budget that’s consumed in food,” ...

WASHINGTON/NEW YORK – A U.S. congressional committee has demanded that former drug executive Martin Shkreli appear in a hearing on drug prices to testify about his former company’s decision to boost the cost of a lifesaving medicine by a lot more than 5,000 percent, congressional aides said on Wednesday. Shkreli, who is separately facing federal criminal charges that he defrauded ...

Americans are buying more pizza than ever before, but Pizza Hut – which has been feeding that appetite for over a half-century – is getting a shrinking slice from the pie. The leader in the industry, of Yum! Brands Inc., has a intend to reverse that decline, one that borrows in the upstarts nibbling at its market share. Texas may be ...

Brookfield Property Partners LP is looking for buildings in United states cities hardest hit through the oil slump, as pressure on the local economies creates discounts. Alberta is a place where Brookfield can find affordable prices on properties and energy-related businesses, chairman Ric Clark said in an interview in Dubai now, where the company announced intends to build a $1 billion ...

MONTREAL – Mayors from the greater Montreal area came out against TransCanada’s proposed Energy East pipeline. The Montreal Metropolitan Community (MMC), which represents 82 jurisdictions, says it is opposed to the project. Montreal Mayor Denis Coderre, the present president, told a news conference today the organization has determined the environmental risks far outweigh any economic benefits for that region. Related ...

Canadian Pacific Railway Ltd. is asking the U.S. Justice Department to research whether its competitors are conspiring to bar its proposed acquisition of Norfolk Southern Corp., accusing them of “unprecedented” and “likely illegal” actions. But two prominent U.S. rail lawyers say it is a difficult case to make, and CP’s rivals are most likely protected from any antitrust charges. In ...