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Canadian Natural Resources Ltd cuts its 2016 capital expenditure on Thursday after it reported an 89 percent fall in quarterly profit, amid a steep decline in crude prices. Canada’s No.2 oil and gas producer estimated 2016 capital spending of $3.5 billion to $3.9 billion, from a previous selection of $4.5 billion to $5 billion. A 70 percent drop in oil ...

TORONTO – George Weston Ltd., parents company of Weston Foods and Loblaw, will raise prices on a number of its food products this year to assist protect it from punctures from the weak loonie. The company anticipates raising prices on products from its fresh and frozen businesses, president and CEO Pavi Binning told a celebration call with investors following the ...

The low oil price environment has reduced interest in new airplanes, as more efficient models become less important from a general cost perspective. So despite strong passenger traffic, this should eventually cause a reduction in order backlogs for that likes of Boeing Co. That’s a primary reason why Canaccord Genuity downgraded Boeing to carry from buy on Thursday. Analyst Ken ...

They still won’t be dissuaded from planning spending – possibly much more of it than ever On Thursday came another illustration of the Liberal government’s refreshing new “evidence-based” policy, where the fiscal evidence somehow always backs new spending policies. Just a day after Statistics Canada released moderately encouraging data on Canada’s fourth-quarter economic performance, Prime Minister Justin Trudeau was telling ...

Canadian Prime Minister Justin Trudeau has nothing but praise for Bombardier Inc.’s struggling CSeries jet, saying it’s a superior plane that his government wants to become a national “success story.” Quebec, Ontario premiers get together to push Ottawa to help fund Bombardier Inc The premiers of Canada’s two most populous provinces have joined forces to push for federal help for ...

Canada is among the largest gold producers on the planet, but as of last month the government valued its official holdings of the precious metal at zero. The country sold 21,851 ounces of coins in February, the Finance Department said Thursday inside a disclosure of its official international reserves. A footnote in the report said the federal government continues to ...

OTTAWA – With the federal budget only weeks away, a new study is urging the government to quickly ratify trade agreements with Europe and Pacific nations and refocus efforts to grow so-called knowledge-based services.     “Going forward, trade can be a powerful antidote towards the effects of the oil price shock and other domestic vulnerabilities, such as high personal debt, by ...

TORONTO – Target Canada Co. said Friday it’s reached an agreement with its former landlords whose leases were terminated included in the company’s intends to shut down its Canadian stores. The retailer said the settlement supplies a framework for a resolution of its court-supervised windup and deals with the landlords’ claims against both Target Canada and Target Corp. Under the ...