When you are inside a hole, the saying goes, stop digging. An easy lesson that arguably has bypassed a mining industry that’s destroyed more than US$1.4 trillion of shareholder value by digging a lot of holes around the world. The industry’s 73 percent plunge from the 2011 peak is way beyond the oil industry’s 49 per cent loss during the ...

WASHINGTON – Fed Chair Janet Yellen returned to Capitol Hill having a brave face on Thursday amid a worsening meltdown on global stock markets and growing skepticism the U.S. central bank can transport out its long-planned pivot to “normal” monetary policy. Yellen, testifying prior to the Senate Banking Committee, stressed the intense spots within the U.S. economic recovery while acknowledging ...

This is really a Benjamin Button oil market. Reliving its twenties already, it now faces the decidedly awkward prospect of heading back into its teens. U.S. crude climbed above $27 in New York after touching $26.13.?The energy minister in the United Arab Emirates said OPEC may cooperate to curb output, according to the WSJ. U.S. oil prices fell for a ...

A day after announcing a share sale to fund purchasing precious-metals output from Glencore Plc, Franco-Nevada Corp. increased the size of the financing by 45 percent, citing “strong demand.” The so-called “bought deal” will raise at least US$800 million with the sale of 16.7 million Franco-Nevada shares for US$47.85 each, the Toronto-based company said inside a statement. On Wednesday it had expected to ...

Gold has returned in vogue as investors seek out a secure haven amid growing global volatility. The real question is whether this gold rally may have legs, or whether or not this will fizzle out like numerous others over the past couple of years. The precious metal is incorporated in the midst of the tremendous upward move, jumping 18 percent ...

A piece of credit history will be made next month when RioCan Real Estate Investment Trust redeems a problem of cumulative rate reset preferred trust units. When occurring C and holders receive the return of the original $125 million investment as well as the payment from the quarterly distribution C you will see another REIT with preferred trust units as ...

FCA Canada’s $3.7-billion overhaul of its Windsor, Ont., minivan plant has created 1,200 new jobs, a sign that Canada will have a huge role in Fiat Chrysler NV’s future as it restructures its operations. The company revealed its new Pacifica minivan, built in Windsor, to a Canadian audience for the first time Thursday at the Canadian International Auto Show in ...

Canada could be among a handful of countries to consider negative rates of interest within the next 2 yrs as the European policy experiment gains popularity, says a brand new report from Citigroup. The Bank of Japan earlier this year had become the fifth central bank to visit negative, which means it charges banking institutions to deposit money with it. ...