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Hudson’s Bay Co eyeing acquisition of bankrupt Dutch department store chain V&D

TORONTO – Hudson’s Bay Co. could be bulking up even further. Would Hudson’s Bay Co’s US$250-million Gilt trip be well worth the price? Reports that Hudson’s Bay Co. is looking to buy online “flash-sale” retailer Gilt.com for US$250 million had some in the market questioning why the Toronto mall chain may wish to acquire a Web retailer whose estimated value ...

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As oilsands punished, tanker loads of cheap Saudi oil sail into Canadian ports daily

As federal and provincial politicians pat themselves on the back for his or her climate change ‘leadership,’ and pipeline opponents gloat about stalling construction of recent Canadian pipelines, tanker-loads of foreign oil are delivered regularly to Eastern Canadian refineries, including increasing volumes from Saudi Arabia. What rising tensions between OPEC kingpin Saudi Arabia and Iran may mean for oil prices ...

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CIBC downgrades Calfrac as oil price rout set to eliminate oilfield services dividends

CALGARY – To survive the prolonged downturn in oilfield activity, many energy service information mill poised to cut their dividends to zero. “Despite two-thirds of our coverage universe having already made sizable dividend cuts in the last year, we feel more are on the horizon within the coming quarters,” CIBC World Markets analyst Jon Morrison said inside a research note. ...

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William Watson: Breaking the taxi and dairy monopolies, Aussie style

Canadian public policy happens to be obtaining a dose of “sunny ways.” What it really needs are “Aussie ways.” Could it be being inverted all the time that makes Australians so clear-headed about economic reform? According to a report now from the Montreal Economic Institute, a couple of Australian cities coping the Uber “problem” – only in Canada is an ...

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Scotiabank’s Mike Durland to retire as Dieter Jentsch takes over as head of global banking and markets

Dieter Jentsch, head of international banking at Bank of Quebec, takes over as group head of global banking and markets at Canada’s third-largest bank when longtime executive Mike Durland retires. The transition will require place over the next few months, Scotia said in a statement Wednesday. Ignacio “Nacho” Deschamps, a global banking executive who is currently strategic adviser to Scotia ...

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Meet the Canadian who developed a ranking system for all 3,141 U.S. counties

If nothing else the numbers are staggering – two million data points. But that’s the outcome when you set out to the build the very first of its kind within the U.S., a ranking system according to social and economic factors its the three,141 counties in that country. In all, the rankings, compiled in Canada, are based on 36 data ...

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‘Flashing warning signs’: Canadian markets bracing for ‘dramatic’ Bank of Canada action — and a recession

OTTAWA ? Recent moves in Canadian markets claim that investors see increased likelihood of an economic downturn this season and the possibility of “dramatic action” from the Bank of Canada. Risks to Canada ‘substantial’ if oil stays below $50 for next five years, BofA warns Canada is going to be among the hardest hit nations within the developed world if ...

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Spray-on law: Even graffiti artists have a claim on copyright

The ubiquity of graffiti inside a sharing economy has led many people to think C mistakenly C that it may be employed when needed. “Because graffiti tends to come in public facilities and often is a result of vandalism, lots of people, including people in the artistic community, possess the view that it is not protected by copyright,” says Tara ...

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