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OTTAWA – It’s the Bank of Canada’s turn to weigh in on the country’s economy. Why the budget set an ‘excessively low bar’ with US$25 oil price The Liberal government could still meet its budget targets if oil prices fall to US$25 a barrel this season and Canada’s economy only grows by one percent. Read more Monetary policy officials have ...

Barrick Gold Corp.awarded Executive Chairman John Thornton US$3.08 million as a whole compensation, 76 percent under this past year, after he threw in the towel his bonus within the wake of investor criticism of pay packages at the world’s largest gold producer. Thornton, 62, received a salary of US$2.5 million, US$204,090 in other compensation along with a pension value of US$375,000, the ...

Bombardier Inc. might be able to unload most the CSeries to the federal and Quebec governments if “Bailout 3.0” qualifies, prompting Scotiabank to upgrade the company’s shares. Bombardier has asked the federal government for US$1 billion, matching the contribution produced by the Quebec government within the fall. If the company’s wish is granted, it’s likely the troubled CSeries jet program ...

Donald Trump has said he would think about a freeze on oil purchases from Saudi Arabia unless it committed to fighting ISIL in Syria. The Republican frontrunner said the U.S. had suffered “tremendous monetary hits” in its combat the Islamic State of Iraq and the Levant (ISIL), which was time for the Saudi kingdom to create a contribution. In the ...

Despite the more than Half gain in oil since mid-February and prices looking relatively stable around US$40 per barrel, few are convinced the force is here now to remain.Commodity analysts at Macquarie Capital are calling for a correction in oil prices to the mid-US$30 to low-US$30 range. “Although we’re constructive over the medium and long-term, the current oil price recovery ...

Following the recent crude oil price rally, economists say Canada’s economy risks getting caught in a bind where oil prices are not quite sufficient however the loonie is not very reasonable enough. Canada’s dollar has already established a strong rebound in the past month, rising from about 68 cents from the U.S. dollar to 76 cents by Monday. Oil prices ...

Shareholders of RONA gather in Montreal Thursday to vote on the $3.2 billion takeover by Lowe’s. For common shareholders, the problem seems a no-brainer. There isn’t any real alternative to tendering to the $24 a share offer, a cost that represents a proper premium to the shares’ recent trading price. And the prices are almost $10 higher than the sale ...

Canadian energy stocks look more appealing than their U.S. peers on a valuation basis, but Macquarie Scientific studies are finding better opportunities in natural gas-weighted names. Analyst Brian Bagnell noted the median estimated EV/DACF valuation according to oil and gas futures strip prices has climbed to 13.6x within the U.S., while Canadian names are trading at 12.1x. A look into ...