Barrick Gold Corp. has set aggressive new targets for debt and cost reduction as it looks to continue momentum following a largely successful 2015. However, the Toronto-based mining giant also offered up declining production guidance over the years to come. That underscores the difficulties facing the whole gold mining industry, that has been burning this season as prices have jumped. ...

After spending billions on its web operations to defend myself against rival Amazon.com Inc., the last thing Wal-Mart Stores Inc. wanted to tell investors was that online sales momentum was slowing. Yet the world’s biggest retailer said Thursday that e-commerce sales rose only 8 per cent in the fourth quarter. That’s down from 10 per cent in the third quarter ...

Chinese investors have won one of the most important real estate auctions in Vancouver history, swooping in to grab a controlling curiosity about all four towers from the Bentall Centre. Mainland Chinese investors expected to be growing force in Canada’s commercial real estate in 2016 Investment in commercial real estate is expected to say no for that fourth straight year ...

Financial bubbles are inevitable as well as their pathologies virtually identical. The only variable is timing. This is why financial crises appear so obvious in hindsight yet remain frustratingly difficult to predict. A couple of years ago, the hedge fund Winton Capital produced a handsome and richly-illustrated book known as the Pit and the Pendulum, chronicling many, but by no ...

Do tougher global warming policies diminish investment returns from oil assets, facilities and pipelines? Not necessarily, because not all crude oils are identical. Tougher greenhouse gas coverage is to become expected over the next several years. Last December at the COP conference in Paris, 196 countries pledged to reduce their carbon emissions. Consequently, governments all over the world are drafting ...

Craig Copeland, the mayor of Cold Lake, can’t realise why a lot of Canadian politicians are unmoved by the devastation of Alberta oil centres like his own. ‘I’m done’: Alberta’s laid-off oil workers instructed to abandon industry in worst downturn they’ve ever seen Alberta lost 19,600 jobs this past year – probably the most since 1982 and many industry veterans ...

Wal-Mart Stores Inc., the world’s largest retailer, lowered its annual sales forecast following the strong dollar pulled on the value of overseas revenue. The company now expects net sales growth to be flat this year, in contrast to a previous forecast for growth up to 4 percent, based on a statement Thursday. The outlook signal that Wal-Mart still faces hurdles ...

VANCOUVER – Canada’s largest Caterpillar heavy equipment dealer says it’ll cut 400 to 500 jobs from the global operations this year, on top of 1,900 which were announced this past year in 2 separate rounds of downsizing. Vancouver-based Finning International Inc. – that also operates in South usa and also the Uk – says about 200 of the latest cuts ...