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 ...

CALGARY C A sizable, privately held hydraulic fracturing clients are being split up and sold while also applying for court-ordered defense against its creditors. Sanjel Corp., a pressure pumper which had at some point grown its annual revenues to $1.5 billion, announced its sale to a different locally based company STEP Energy Services Ltd. and Denver-based Liberty Oilfield Services on ...

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 ...

Miner and commodity trader Glencore Plc is within advanced foretells sell a stake in its agricultural business to Canada Type of pension Investment Board (CPPIB), the Wall Street Journal reported, citing people acquainted with the matter. The CPPIB would have a stake of up to 40 per cent, valuing the business at approximately $6 billion, the Journal reported on Tuesday, ...

Canadian regulators plan to unveil proposals by the end of April aimed at “strengthening the obligations that advisers, dealers and representatives owe to their clients.” While some see the Canadian Securities Administrators’ statement Thursday as advance notice of just another consultation paper inside a long type of reports and studies pondering higher standards for advisors, the top of an investor rights ...

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 ...

Expanding into the U.S. marketplace is “strategically important” for Canadian Imperial Bank of Commerce, but Canada’s fifth-largest bank will not be rushed, chief executive Victor Dodig told shareholders Tuesday. “We know that our business banking and our corporate banking customers are expanding – in to the U.S.,” he said in the company’s annual meeting in Vancouver. “We want to be ...

TORONTO – The earth’s top two gold consultancies have offered up mixed outlooks for prices in 2016. Metals Focus and Thomson Reuters GFMS each launched their 2016 gold reports on Thursday. Both firms are cautious on gold in the short term, because they see prices pulling during the second quarter after rising a whopping 16 per cent within the first ...