Finance News Follow us to find the latest Finance news

Ontario’s “Ring of Fire” mineral belt, located in the province’s remote James Bay Lowlands, is believed to carry a lot more than $60 billion of geological riches. Once the belt was discovered in 2007, it was designed to usher in a new era of prosperity for Northern Ontario, especially for the impoverished First Nations communities in the region. Almost a ...

Bombardier Inc. has gone to great lengths to suppress the release of information concerning the government funding it receives, heading to court Ten times in nine years, often citing competitive concerns. Court records and access-to-information documents obtained through the Financial Post show how difficult it is to glean the outcome of previous government support for the Montreal-based aerospace giant, even ...

CALGARY – Penn West Petroleum, which posted a $1.6-billion net loss for the last three months of 2015, wants some leeway from its lenders. The Calgary-based crude producer said Thursday that it should finish the very first quarter onside using its debt agreements, but warned that will not be the case by the end of June if low oil prices ...

J. Pedro Reinhard has resigned in the board of Royal Bank of Canada, where he served being an independent director. Reinhard, 70, former chief financial officer from the Dow Chemical Co., joined RBC’s board in 2000. He was also a director at Colgate-Palmolive Co. A spokesperson for that bank said Reinhard resigned for “personal reasons.” Another board member, Victor Young, will ...

First Quantum Minerals Ltd. has struck a much-needed deal to sell a nickel mine and bring relief to its debt-laden balance sheet. How lithium has become a rare winner amid the commodity slaughter Little-known lithium has been a solid performer for the last several years, and it has simply skyrocketed in recent months because of expectations of soaring demand from ...

Joao Pedro Reinhard, who stepped down Thursday as a director of Colgate-Palmolive Co. and Royal Bank of Canada, was charged last month in Canada with possession of cocaine. Reinhard, 70, who resides in Key Biscayne, Florida, was charged on Feb. 23 in Mississauga, west of Toronto, for unlawful importing and possession of cocaine under Canada’s Controlled Drugs and Substances Act, ...

Prime Minister Justin Trudeau got his day within the Washington sun Thursday for supporting U.S. President Barack Obama’s climate change action. Canada, U.S. agree to cut methane emissions from oil and gas industry by almost half President Obama and Prime Minister Justin Trudeau announce the steps in Washington, a move meant to underscore their commitment to combat climate change Read ...

OTTAWA – The ratio of household debt to disposable income hit a new record within the fourth quarter of this past year. Statistics Canada says the ratio rose to 165.4 percent within the fourth quarter, up from 164.5 per cent in the third quarter. That means Canadian households on average held $1.65 in debt for every dollar of disposable income. ...