Finance News Follow us to find the latest Finance news

TORONTO – Target Canada Co. said Friday it’s reached an agreement with its former landlords whose leases were terminated included in the company’s intends to shut down its Canadian stores. The retailer said the settlement supplies a framework for a resolution of its court-supervised windup and deals with the landlords’ claims against both Target Canada and Target Corp. Under the ...

Lawyers clashed Friday afternoon in a hastily called regulatory hearing as dissident investor Catalyst Capital Group Inc. launched an 11th hour bid to delay next week’s shareholder vote on Corus Entertainment’s proposed $2.65-billion takeover of Shaw Media. Catalyst alleges Corus made “material misstatements” within the information that was presented to shareholders concerning the financial underpinnings and benefits of the proposed ...

CALGARY C Prices for used industrial equipment in Western Canada are falling as banks look for a method of getting money out of progressively more delinquent loans in oil-producing provinces. “Recent auction results have included generally softer pricing in secondary markets, designed for specialized equipment,” Canadian Western Bank president and CEO Chris Fowler said during his company’s quarterly earnings call ...

Equitable Bank, which heavily promoted a high-interest checking account for a price of three per cent and was promptly swamped with increased customers than it could handle, has now set limits on how many people can subscribe to the brand new account every week. “We are slowing down new account openings to ensure that we can handle the volume with ...

The Bank of Canada may not be done with interest-rate cuts at this time. Seven of 19 economists inside a Bloomberg survey predict the central bank will lower borrowing costs at some stage in 2016, with the rest forecasting it will remain on the sidelines. The following decision is March 9. Although bond financial markets are pricing the chances of ...

There is a few speculation that the authorities could hike the main city gains tax in its upcoming budget. Trent Mell thinks that may possess a devastating impact on the junior mining sector. “You could decimate a business that’s already on its knees,” obama of PearTree Securities said in an interview. His view is the fact that a capital gains ...

David Garofalo never reached have a honeymoon period. He became leader of Goldcorp Inc. on Feb. 29. Just four days earlier, the Vancouver-based company cut its dividend and slashed its production outlook for the following 3 years. The stock dropped 13 percent. Now Garofalo has got the challenging job of rebuilding investor confidence in the company. He did note that ...

Last year was the busiest ever for the silver and gold streaming companies. They acquired a staggering US$4.2 billion of precious metals, according to Financial Post data. The majority of it came from large miners that were desperate to raise cash and connect their balance sheets. “Streaming truly became the dominant type of (mining) financing,” Randy Smallwood, chief executive of ...