With the oil industry weakened by a war over share of the market, global investment in alternative energy is setting new records, according to a brand new report that boasts: “While fossils crash, clean energy soars.” The exception is Canada, where purchase of renewable energy plummeted 46 per cent in 2015 compared to 2014, to some paltry US$4 billion, even ...
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A bailout won’t fix Bombardier’s biggest problems: family control and dual-class shares
Many alternatives regarding the way forward for troubled Bombardier Inc. happen to be proposed. The Quebec government has already committed $1.3 billion in aid and today some type of moral argument has been levelled at Ottawa to throw money into Bombardier’s cap also. This is a horrible idea from a governance perspective, in addition to a taxpayer perspective. Let’s be ...
Read More »‘Good progress,’ but few details on how to strengthen global economy as G20 summit concludes
OTTAWA – Canada’s finance minister says he’s encouraged by “very positive feedback” from his Group of 20 peers to the Liberal government’s economic blueprint outlined during a two-day summit in Shanghai. But while Bill Morneau said the gathering of industrialized nations – coming at a time of growing concerns within the stability from the global economy – “made good progress” to help to ...
Read More »Canada’s licensed pot producers face uncertainty after court says patients can grow their own
Canada’s nascent medical marijuana market is being thrown into new turmoil with a court ruling that threatens to undercut its business model. Sugar high: Why Canada’s marijuana growers have been in a race to create their pot taste delicious For a lot more than 40 years, Smiths Falls was referred to as “Chocolate Capital of Ontario” due to its iconic ...
Read More »Canada should boost foreign ownership of airlines, eliminate grain revenue cap, review says
Foreigners ought to be permitted to own a greater portion of Canada’s airlines along with a revenue cap on railways’ grain shipments should be eliminated, according to a sweeping overview of Canada’s transportation industry tabled in Parliament Thursday. Led by David Emerson, a floor-crossing minister who served both in Paul Martin’s and Stephen Harper’s governments, the 283-page review proposes a ...
Read More »Encana Corp to cut 20% of workforce, slash dividend, as it gears up for global cost-cutting fight
CALGARY C United states energy producers are ready for any global cost-cutting battle, the top of Encana Corp. said Wednesday, even as his company posted a US$612 million reduction in the fourth quarter. “The world taking on The united states have to be ready because this part of the world understands how to get efficient, and you are seeing it ...
Read More »Bank of Canada deputy governor raises red flag on rising household debt, but says system is ‘resilient’
OTTAWA – The threat increasing household debt presents to Canada’s economy – and also the country’s economic climate, particularly – is continuing to grow, and also at an ever-worrying pace. The rising risks to heavily-indebted borrowers, those who have cheated ultra-low rates of interest following a 2008-09 recession, would be an economic collapse and a jump in unemployment, along with ...
Read More »Corus is overpaying for Shaw Media by $858 million, minority shareholder argues
A minority shareholder has become claiming that Corus Entertainment Inc. is paying up to $858 million more than it ought to to acquire related company Shaw Media Inc. and it has proposed some new terms that it says it would be willing to accept. Corus minority shareholder urges regulators to examine ‘serious’ disclosure concerns in Shaw Media deal Two market regulators have been urged to ...
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