Oil could drop below US$20 a barrel as the look for a level that brings supply and demand back into balance makes prices much more volatile, Goldman Sachs Group Inc. predicted. With ability to store oil exhausted in some places, prices may need to drop low enough to prevent crude output that may no longer be stockpiled, said Jeff Currie, ...

Two western First Nations are launching a lawsuit over the things they say is federal mishandling of the energy resources on their reserves. The Onion Lake and Poundmaker Cree bands are asking Federal Court to award $3 billion in damages. They say the federal agency responsible for developing and regulating gas and oil reserves on aboriginal land has failed them ...

Canadian Pacific Railway Ltd. is moving away from a proxy fight for Norfolk Southern Corp. but still plans to pursue a takeover from the U.S. carrier, a person familiar with the plan said. Canada’s second-largest railroad likely won’t present an alternative slate of directors at Norfolk Southern’s annual meeting, said the individual, who asked to not be identified since the ...

In another possible blow to Bombardier Inc., WestJet Airlines Ltd. is within talks with the struggling company to decelerate deliveries from the Q400 turboprops it’s on order, part of a broader technique to cope with Alberta’s deteriorating economy. Cross-border flights, reversed: With low loonie, more Americans flying out of Canadian airports Anecdotal evidence from Canadian airports suggests the popularity might ...

NEW YORK — Oil prices fell 7 per cent on Tuesday as equity markets remained weak, forecasts required record high U.S. crude stockpiles to grow more, and also the latest global energy demand outlooks didn’t look sufficiently strong to eliminate the swelling glut. Canadian energy companies selling off 'jewels in the crown' to help keep bleeding oilsands afloat Firms are ...

Vancouver’s eye-popping housing industry is seemingly defying gravity, with sales in January rising nearly 32 percent – the 2nd busiest January on record. Without affordable housing, Vancouver risks just as one economic ghost town The tech economy in Vancouver and across Canada has never looked brighter. The reality, in certain respects, has not been bleaker. Continue reading. With prices in ...

TORONTO – Expanding into new businesses for example gaming that has been enhanced specialty food has helped theatre chain Cineplex Inc. lure people from on-demand entertainment in their living spaces, but The exorcist proved to be the real force behind its blockbuster annual and fourth-quarter results. Net income more than doubled during the three-month period ended Dec. 31 to $76.8 ...

Canada’s Superintendent of Financial Institutions has taken temporary charge of the assets from the Canadian branch of Maple Bank GmbH, which is headquartered in Germany. “The Superintendent took this action to preserve the need for the assets held in the branch considering the decision from the German prudential regulator to shut the bank for business with customers,” the Office from the Superintendent of ...