TORONTO – Accounting giant KPMG says Canada has proven to be second best market in a comparison test of 10 leading industrial countries. Top 10 competitive countries Accounting giant KPMG says Canada was the second most competitive market inside a comparison of 10 leading industrial countries. Following may be the list of countries so as.1. Mexico2. Canada3. The Netherlands4. Italy5. ...

Major oil companies happen to be jettisoning projects, slashing capital expenditure and scrapping ambitious plans around the globe in an age of austerity within the energy patch due to the decline in oil prices from a lot more than US$100 per barrel of West Texas Intermediate crude last June to less than US$30 at some point in mid-January. Why your budget ...

Murray Edwards, the billionaire investor and elder statesman of Canada’s hard-hit oilpatch, has left his Calgary home and relocated to London. Edwards’ move, that has been the source of speculation in Canada’s energy hub for weeks, was confirmed in a regulatory filing by Magellan Aerospace Corp., a Mississauga, Ontario-based aircraft manufacturer controlled by Edwards. The 56-year-old’s residence is listed as ...

To settle a fight with the Competition Bureau of Canada, Parkland Fuel Corp. will have to sell off assets in Ontario and Manitoba. Parkland, a Red Deer, Alta.-based gasoline retailer, announced after markets closed Tuesday it had reached funds using the Bureau, requiring the company to sell a fill-up station in Kapuskasing, Ont. and either divest or terminate fuel supply ...

A federal judge on Wednesday granted class certification for a U.S. class-action lawsuit filed against Barrick Gold Corp claiming Barrick misstated facts of their now halted Pascua-Lama gold-mine project on the border of Argentina and Chile. The class certification means the world’s largest gold producer will have to face the U.S. lawsuit. U.S. District Judge Shira Scheindlin in Manhattan said ...

New Gold Inc. was braced for a vicious backlash in the investment community when it decided to hedge some gold production earlier this year. After all, hedging is the gold industry’s ultimate dirty word. It became this type of toxic subject over the past decade that many chief executives decided that even talking about it had been off limits. And ...

The authorities is granting Air Canada more flexibility over its maintenance work, proposing changes to the three-decades-old laws that govern the airline after it agreed to purchase Bombardier Inc.’s CSeries jets. The proposed amendments towards the 1988 Air Canada Public Participation Act, introduced Thursday by Transport Minister Marc Garneau, fulfill a promise made recently once the airline announced its intend ...

OTTAWA – If you had to create a bet how Canada’s economy was going to fare later on, you’d be better off putting your money on private-sector economists’ predictions than the forecasts from the authorities. It seems non-governmental forecasts for nominal growth going back a lot more than 20 years – and used as a guide for Ottawa’s budget planning – have ...