Oil prices may have passed their lowest point as shrinking supplies outside OPEC and disruptions inside the group erode the global surplus, the International Energy Agency said. Don’t allow the rally fool you: Commodity information mill headed for an enormous debt cliff The debt burden keeps growing for a lot of miners and drillers no matter how hard they pump ...
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The Mutual Fund Dealers Association of Canada collected about 16 per cent of fines imposed last year in disciplinary actions, based on the self-regulatory agency’s annual report. Sixty-five hearings were completed, with total fines of nearly $5.4 million imposed. The MFDA collected $843,982 of this amount. Related IIROC and unpaid fines Part 11: Time to provide the ability in Ontario ...
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It wasn’t easy but two bad situations have been created from one. That’s your affairs at Bermuda-based Brookfield Alternative energy Partners LP – as well as for investors in its offerings – in the aftermath of an exchange offer for a class of its preferred shares. The mess: Brookfield didn’t achieve its original goal while investors now have to deal ...
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The Canadian dollar rose using the price of crude oil even as a study showed the country unexpectedly unemployment in February. The currency reached a four-month at the top of a rally in oil, which, until last year’s price collapse was Canada’s largest export, and demand for higher-yielding assets on the strength of a stimulus plan from the European Central Bank ...
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The sudden resignation of longtime Royal Bank of Canada director Joao Pedro Reinhard, who faces a drug-related charge, should mitigate “reputational contagion” at Canada’s largest bank, corporate governance experts say. It is thought Reinhard, a completely independent director since 2000 at RBC, was asked to resign. RBC disclosed the resignation Thursday. Hours later, Bloomberg News published a report saying the 70-year-old ...
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CALGARY C After a search for buyers failed to show up any meaningful offers, Niko Resources Ltd. has restructured its debts in a move that sent the business’s shares on a rare rally. Niko’s share price jumped 57 per cent on Monday morning to 44 cents each on the announcement the company had restructured its loan commitments and delayed its ...
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LONDON – Oil fell on Monday after Iran dashed hopes of a coordinated production freeze any time soon, returning bearish sentiment to the market on the supply glut which has sent prices crashing. Global benchmark Brent crude futures fell back below US$40 a barrel, trading at US$39.70 at 1128 GMT, down 69 cents US or 1.7 per cent on Friday’s ...
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EDMONTON – A U.S. insurance company has agreed to pay US$219 million to finish a category action lawsuit for allegedly making false and misleading statements in regards to a group that includes the Alberta Investment Management Corp. The agreement in principle from Genworth Financial requires approval from a U.S. district court in Virginia, where the insurance provider has its own ...
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