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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 ...

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 ...

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 ...

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 ...

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 ...

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, ...

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 ...

Canadian Pacific Railway Ltd. is moving away from a proxy fight for Norfolk Southern Corp. but still plans to pursue a takeover from the U.S. carrier, a person familiar with the plan said. Canada’s second-largest railroad likely won’t present an alternative slate of directors at Norfolk Southern’s annual meeting, said the individual, who asked to not be identified since the ...