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Yearly Archives: 2016

Death by overwork on rise in Japan as young women now sharing in the salary man’s fate

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TOKYO – Japan is witnessing a record quantity of compensation claims associated with death from overwork, or “karoshi,” a phenomenon previously linked to the long-suffering “salary man” that is increasingly afflicting young and feminine employees. Labour demand, with 1.28 jobs per applicant, may be the highest since 1991, which should help Prime Minister Shinzo Abe draw more and more people ...

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BMO CEO Bill Downe says oil doom overdone, but loan loss provisions will rise

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Bank of Montreal chief executive Bill Downe told shareholders Tuesday that the degree of apprehension about markets and also the cost of oil continues to be “disproportionate towards the evidence” as a result of the 24-hour news cycle. “Real insight needs time to work to emerge in order to be processed and understood. So when details are speeding around the ...

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Fracking company Sanjel Corp sells itself to private-equity backed STEP Energy Services

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CALGARY C A sizable, privately held hydraulic fracturing clients are being split up and sold while also applying for court-ordered defense against its creditors. Sanjel Corp., a pressure pumper which had at some point grown its annual revenues to $1.5 billion, announced its sale to a different locally based company STEP Energy Services Ltd. and Denver-based Liberty Oilfield Services on ...

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‘Virtually no drilling this summer’: Canada natural gas players fight for market share

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Seven Generations Energy Ltd. and Tourmaline Oil Corp. are being released on top inside a battle for market share in Canada’s natural gas industry as prices wallow near an 18-year low and drilling is forecast to achieve a virtual standstill come july 1st. The Calgary-based companies, along with Arc Resources Ltd. and Peyto Exploration & Development Corp., are the type of growing ...

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Glencore Plc looking to sell stake in agricultural business to CPPIB, report says

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Miner and commodity trader Glencore Plc is within advanced foretells sell a stake in its agricultural business to Canada Type of pension Investment Board (CPPIB), the Wall Street Journal reported, citing people acquainted with the matter. The CPPIB would have a stake of up to 40 per cent, valuing the business at approximately $6 billion, the Journal reported on Tuesday, ...

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Are Canadian regulators preparing to raise standards for financial advisers?

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Canadian regulators plan to unveil proposals by the end of April aimed at “strengthening the obligations that advisers, dealers and representatives owe to their clients.” While some see the Canadian Securities Administrators’ statement Thursday as advance notice of just another consultation paper inside a long type of reports and studies pondering higher standards for advisors, the top of an investor rights ...

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Federal government’s Bombardier Inc study cost taxpayers $500,000

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MONTREAL — Canadian taxpayers spent almost $500,000 on a study of Bombardier that was launched months before the Montreal company asked the federal government for US$1 billion because of its CSeries commercial aircraft, based on documents obtained by The Canadian Press. Industry Canada decided to pay $499,930 to Deloitte Inc. to prepare an economic and market assessment of Bombardier, said ...

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Expansion into U.S. remains ‘strategically important’ for CIBC: Victor Dodig

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Expanding into the U.S. marketplace is “strategically important” for Canadian Imperial Bank of Commerce, but Canada’s fifth-largest bank will not be rushed, chief executive Victor Dodig told shareholders Tuesday. “We know that our business banking and our corporate banking customers are expanding – in to the U.S.,” he said in the company’s annual meeting in Vancouver. “We want to be ...

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