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Royal Bank of Canada taken care of immediately the bank’s name appearing in documents leaked to expose activities in offshore tax havens by stating the Canadian lender has “established controls policies and operations in place” to detect and stop tax evasion. “We have an extensive due diligence process to ensure we understand who the client is and just what their ...

Bank of Montreal chief executive Bill Downe told shareholders Tuesday that the degree of apprehension about markets and also the cost of oil continues to be “disproportionate towards the evidence” as a result of the 24-hour news cycle. “Real insight needs time to work to emerge in order to be processed and understood. So when details are speeding around the ...

MONTREAL — Canadian taxpayers spent almost $500,000 on a study of Bombardier that was launched months before the Montreal company asked the federal government for US$1 billion because of its CSeries commercial aircraft, based on documents obtained by The Canadian Press. Industry Canada decided to pay $499,930 to Deloitte Inc. to prepare an economic and market assessment of Bombardier, said ...

Seven Generations Energy Ltd. and Tourmaline Oil Corp. are being released on top inside a battle for market share in Canada’s natural gas industry as prices wallow near an 18-year low and drilling is forecast to achieve a virtual standstill come july 1st. The Calgary-based companies, along with Arc Resources Ltd. and Peyto Exploration & Development Corp., are the type of growing ...

Canada’s GDP racked up 0.6 per cent development in January, beating expectations and earning rave reviews from economists. “Roaring start,” “most encouraging in recent memory”, “impressively rapid progress” and “flying start” were some of comments around the broad-based growth that’s the strongest since July 2013. It’s not great news for anyone dreaming about an interest rate cut when the Bank ...

Despite the about some critics, a culling from the TSX Venture Exchange is not about to take place. Venture president John McCoach confirmed that while the exchange is looking at every possible choice to “revitalize” its business design, full of delisting has been ruled out. “We did look at that seriously,” he said within an interview. “We think there’s room ...

WASHINGTON/CHICAGO – The chairman from the U.S. House Transportation and Infrastructure Committee announced his opposition to Canadian Pacific’s proposed railroad merger with Norfolk Southern Corp, dealing a fresh blow towards the prospect of a deal. “I don’t believe it is within the best interests of the U.S. freight transportation system, railroad employees, rail shippers and also the short line railroads,” ...

OTTAWA – One month of strong economic growth shouldn’t be seen as a pattern of sustained recovery for 2016. But when followed by three straight months of gains at the end of last year, that may tell a different story. Canada’s gross domestic product grew by a nearly three-year high of 0.6 percent in January, much better than the 0.3 ...