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After almost 2 yrs of sinking oil prices and a minimum of 40,000 job cuts, Canada’s petroleum industry still isn’t finished tackling its bloated operations. How hard-hit oilfield workers are demanding respect amid 'absolute desperation’ They are demanding respect, however, you also feel the desperation as Canada’s hard hit gas and oil drilling and services companies mobilized this week to ...

MONTREAL – Valeant Pharmaceuticals International Inc.’s long fall is warming up the controversy over whether the company is having its own reporting metrics to sugarcoat a bitter financial situation, leading a former board person in the drugmaker’s predecessor Biovail to speak out against a trend that’s been adopted by some of Canada’s largest businesses. “It may not be illegal, but it is misleading,” said Spencer Lanthier, a ...

Canadians are searching past signs of damage from low energy prices and predicting the housing surge will continue. According to weekly polling by Nanos Research, the share of respondents expecting higher real estate prices reached probably the most since December 2014 last week, or 38.7 per cent. That pushed the Bloomberg Nanos Consumer Confidence Index to 54.7 a week ago, the ...

Twitter Google+ Reddit Email Typo?More Comments LinkedIn TumblrPinterest DiggFarkItStumbleUpon MOSCOW C A St. Petersburg concert cellist continues to be revealed because the linchpin in an elaborate financial empire that manages billions of dollars apparently linked to Vladimir Putin, papers published Sunday show. Sergei Roldugin, a director from the St. Petersburg Conservatory and guest conductor in the Mariinsky Theatre, met Putin in the 1970s ...

WASHINGTON – Global market spillovers from China’s economic shocks is only going to increase in coming years as the country’s financial influence grows and the yuan’s use as a funding currency broadens, the International Monetary Fund said on Monday. In a portion of their latest Global Financial Stability Report, the IMF said developments in emerging markets now account for one-third ...

CALGARY – TransCanada has shut down its Keystone pipeline while it investigates an oil spill in South Dakota, the organization said Monday. Mark Cooper, a spokesman for TransCanada, said a nearby landowner noticed signs of an oil spill around noon local time Saturday and informed the organization. The pipeline, which carries about 500,000 barrels of oil a day, was shut ...

Air Canada will set its CSeries order within “weeks,” but some degree of government funding will still be essential to help Bombardier Inc. succeed, the airline’s chief executive said Monday. “It’s coming together pretty quickly now,” Air Canada CEO Calin Rovinescu told reporters when asked how quickly the airline will turn its letter of intent into a firm order. “We’re ...

The global economy is beset by a range of political risks, from terrorism to the U.K.’s potential departure in the Eu, at a time when growth is at best mediocre, IMF Md Christine Lagarde said. The world outlook is clouded by “weak growth, no new jobs, no high inflation, still high debt – all those stuff that ought to be low ...