HOUSTON – Now, Saudi Oil Minister Ali Al-Naimi will for the first time face the sufferers of his decision to keep oil pumps flowing despite a global glut: U.S. shale oil producers can not survive the worst price crash in years. While soaring U.S. shale output due to the hydraulic fracturing revolution contributed to oversupply, many blame the 70-percent price ...

As many as 38 of the 240 companies on the S&P/TSX composite index – the preeminent benchmark tracking the performance of Canada’s largest companies – were trading below $5 this week. In short, up to 15.8 percent of the country’s dominant index, an essential indication of the country’s economic might, could be considered anything stock of all major U.S. exchanges, ...

Toronto-Dominion Bank paid Bharat Masrani $9.38 million for fiscal 2015, his first year as chief executive officer of Canada’s largest lender. Masrani, 59, received $1 million in salary, $4.22 million in share-based awards and $2.08 million of option awards as well as $1.7 million in incentive pay and $383,692 in other compensation, the Toronto-based bank said Tuesday inside a regulatory ...

CALGARY C The Alberta and federal governments have collected vast amount of data on air and water quality in the oilsands, but have regularly failed to analyze, interpret and report on that data. A study released Monday criticized the Joint Oil Sands Monitoring initiative, a team effort by environmental agencies in Ottawa and Edmonton, since the partnership has yet to ...

CALGARY C After months of urging Canadian Oil Sands Ltd. shareholders to tender their shares, Suncor Energy Inc. now has enough support to close its hostile-turned-friendly takeover. Suncor, the largest integrated oil company in Canada, announced Monday night it has the support of 82.4 percent of COS’s shareholders, which a unique meeting could be held on March 21 to close ...

The loonie’s worst collapse from the U.S. dollar in its history might be in the rearview mirror as a most of economists now begin to see the currency staying at current levels or more after the year. 'This market is really a volatile business': May be the recent TSX rally the calm before the storm? Investors in Canadian equities have ...

Dominic Barton, the brand new head of the Liberal government’s economic advisory council, honed his leadership expertise in Asia and his appointment Monday offers clues concerning the economic direction the government might be taking in the coming years. Barton may be the head of global consulting giant McKinsey & Co., a famously discreet and prestigious management firm that consults a ...

MONTREAL – Gildan Activewear Inc. (TSX:GIL) says a 20 per cent rise in Gildan-branded underwear sales as well as bigger growth at its printwear segment helped the clothing manufacturer to a US$67.6 million profit in the fourth quarter. Overall sales were up 39.2 percent to US$543.8 million, from US$390.Six million a year earlier, and above the company’s estimate – mainly ...