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When the European Central Bank meets in March, markets anticipate that it will cut its already negative deposit rate further, deepening Europe’s multi-year test out sub-zero rates of interest, which began in June 2014. ‘Ocean of fear’: Canadian investors located on record cash pile risk billions in lost returns A new report suggests fearful investors are sitting on an archive ...

The Organization of Petroleum Exporting Countries has issued its strongest plea up to now for any pact with Russia and other rival producers to chop crude output and halt the collapse in prices. Forget the glut, even market insiders say oil has entered irrational territory Oil trading has become detached from fundamentals, experts say, and also the best advice for ...

Shares of Detour Gold Corp. have jumped a lot more than 10 % within the last two days as several analysts heaped praise around the company for its new mine plan and hiked their price targets. Detour, which operates a massive open-pit mine in Northern Ontario, announced the updated plan on Monday. It incorporates a new block of the deposit, ...

The chief executive of Canadian National Railway Co. returned to work after a five-month absence Tuesday to announce strong fourth-quarter and full-year earnings, indicating the company’s focus on efficiency is paying off inside a weak economy. Claude Mongeau temporarily stepped down from CN’s day-to-day operations in mid August after disclosing he would need surgery and radiation to deal with an ...

Sammy Davis Jr. sang “What type of fool shall we be held?” as a man who had missed in life by never falling for each other. Refer to it as a stretch, but those lyrics somehow began swimming through my head a few days ago after i heard that the oil tanker in the U.S. had found its way to ...

Following his meeting with Prime Minister Justin Trudeau on Tuesday, Montreal mayor Denis Coderre seemed to back away somewhat from his radical opposition to the Energy East pipeline. But Mayor Coderre’s alarmism, and apparent disregard for the regulatory procedure for the nation’s Energy Board, is profoundly significant. It represents what might be dubbed “the rise from the mayors,” which, – ...

The Liberal government will announce new environmental assessment rules Wednesday afternoon for energy projects C like the Energy East and Trans Mountain pipelines C that are currently being reviewed through the National Energy Board. Natural Resources Minister Jim Carr confirmed the timing of the announcement for the “transition” process for pipelines under review through the NEB. Carr and Environment Minister ...

MOSCOW – The head of Russian state oil pipeline monopoly Transneft says talks on output cuts are planned with Saudi Arabia and OPEC. Transneft head Nikolai Tokarev asserted Saudi Arabia had “taken the initiative and come by helping cover their a proposal to go over the potential of reducing volumes,” in comments reported by Russian news agency RIA Novosti. Related ...