Debate about whether and the way to regulate rapidly proliferating fintech companies heated up on both sides from the border Thursday, as the chief executive of Toronto-Dominion Bank called for increased oversight in Canada and an arm of the U.S. Treasury signalled intends to pursue a regulatory framework in that country. Speaking at his bank’s annual meeting in Montreal, TD’s ...

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,” ...

How do you create a happy couple of shareholders? Well if you are an East Coast utility the trick is pretty simple: Purchase a U.S. utility, make sure the multi-billion dollar acquisition is accretive, finance it in a creative manner, wait for a many regulatory approvals to be received and sit back and watch the stock rise. That course of action ...

Canadian planemaker Bombardier Inc , that is seeking government help to help finance its CSeries passenger jet program, said hello received a strong order for 20 Challenger 350 aircraft. The company said on Friday the order was worth about $534 million based on the list price, but didn’t disclose the name of the buyer, citing competitive reasons. More in the ...

They are demanding respect, but you also feel the desperation as Canada’s hard hit oil and gas drilling and services companies mobilized now to fix “misinformation” about their industry they say is spun by environmentalists, politicians and celebrities. Alberta companies for example Bertram Drilling Corp. of Carbon; Lasso Drilling Corp. of Brooks; Predator Drilling Inc. of Red Deer are pushing ...

CALGARY — One of the greatest events on the Calgary Stampede’s party circuit won’t go ahead this year. Investment dealer FirstEnergy Capital states that, the very first time in 2 decades, it won’t be hosting its annual FirstRowdy bash this July. In past years, the party has been headlined by big-name acts like the Barenaked Ladies. In a letter to ...

TORONTO – Sears Canada has decided to sell and lease back a distribution centre in Calgary to Canadian Tire’s real estate trust. CT Real Estate Investment Trust says it’ll spend about $84 million including transaction costs for the location. The Sears rentals are near to two Canadian Tire distribution centres, including one acquired through the rely upon 2014. Related Sears ...

In a brief history of the automobile, this is definitely something we haven’t seen before. Tesla has lifted the veil on its most important undertaking: the Model 3, a US$35,000 car designed to bring electric vehicles and autonomous driving towards the masses. By the looks of it, and also the interest it’s attracting, it just might succeed.  On Thursday, Tesla raked in ...