Finance News Follow us to find the latest Finance news

OTTAWA – Canadians who’ve gripes about their TV providers will quickly possess a new watchdog to hear their complaints. The Canadian Radio-television and Telecommunications Commission on Thursday announced it’ll expand the required the Commissioner for Complaints for Telecommunications Services (CCTS) to include cable or satellite disputes. The CRTC will require all television providers to become members of the CCTS by Sept. ...

Canadian mall operator Sears Canada Inc decided to sell and lease back a distribution outlet in Calgary, and said it would cut more costs this season, because the company struggles with declining sales. Sears Canada said on Friday it planned to slash costs by an additional $100 million-$127 million in 2016, with many from the cuts planned inside the first ...

Investors in REITs were given another step to worry about: the people who started options are growing older and once they retire, the folks taking their place will need to gain the confidence from the market and could attempt a different strategy. That in a nutshell is the gist of a 35-page report released Thursday by Alex Avery, a genuine ...

Canadian Oil Sands Ltd. will be integrated immediately into Suncor Energy Inc. after minority shareholders voted in support of the takeover. The largest who owns the Syncrude oil sands mine will be delisted from the Toronto stock exchange on Wednesday following a vote on Monday. Suncor presently has to find ways to reduce operating costs and share some operations using its ...

Ladies and Gentlemen: there is a new name at the top of the leader board for that largest bought deal in Canadian history. Moving into first place with an equity financing that is more than two times as big since it’s previous record is TransCanada Corp., which announced a $4.2 billion transaction after markets closed Thursday. Previously, TransCanada’s largest equity financing ...

CALGARY – The Alberta Energy Regulator said on Monday it is implementing additional requirements at Canadian Natural Resources Ltd’s Primrose oilsands project after concluding excessive steaming caused a 6,648-barrel bitumen emulsion leak in 2013. The requirements include permanent limits around the steam volumes the company is permitted to use to extract bitumen from underground reservoirs and a requirement that CNRL ...

LONDON — Oil rose above US$42 a barrel on Friday, hitting its highest this year and extending a rally right into a fourth week on expectations of the production freeze by major exporters, stronger seasonal demand and dollar weakness. The oil price crash is over – allow the recovery of Alberta’s hard-hit economy begin Gary Lamphier: After a brutal 75-per-cent ...

CALGARY – Canadian junior gas and oil producer Terra Energy Corp on Monday turn off production, ceased operations and announced the resignation of directors and officers, after its lender, Canadian Western Bank, demanded full repayment of their debt. Terra, that was producing around 3,600 barrels of oil equivalent from the operations in western Alberta and north-eastern British Columbia, said that ...