Equitable Bank, which heavily promoted a high-interest checking account for a price of three per cent and was promptly swamped with increased customers than it could handle, has now set limits on how many people can subscribe to the brand new account every week. “We are slowing down new account openings to ensure that we can handle the volume with ...

The Bank of Canada may not be done with interest-rate cuts at this time. Seven of 19 economists inside a Bloomberg survey predict the central bank will lower borrowing costs at some stage in 2016, with the rest forecasting it will remain on the sidelines. The following decision is March 9. Although bond financial markets are pricing the chances of ...

There is a few speculation that the authorities could hike the main city gains tax in its upcoming budget. Trent Mell thinks that may possess a devastating impact on the junior mining sector. “You could decimate a business that’s already on its knees,” obama of PearTree Securities said in an interview. His view is the fact that a capital gains ...

David Garofalo never reached have a honeymoon period. He became leader of Goldcorp Inc. on Feb. 29. Just four days earlier, the Vancouver-based company cut its dividend and slashed its production outlook for the following 3 years. The stock dropped 13 percent. Now Garofalo has got the challenging job of rebuilding investor confidence in the company. He did note that ...

Last year was the busiest ever for the silver and gold streaming companies. They acquired a staggering US$4.2 billion of precious metals, according to Financial Post data. The majority of it came from large miners that were desperate to raise cash and connect their balance sheets. “Streaming truly became the dominant type of (mining) financing,” Randy Smallwood, chief executive of ...

Justin Trudeau’s authorities hasn’t even issued its first budget yet. But Michael Gravelle said he is already “very encouraged” it’ll play a powerful role in growth and development of Ontario’s “Ring of Fire” mineral belt. “I’m feeling very tolerant of the federal government role coming forward with the Ring of fireside,” Gravelle, Ontario’s minister of northern development and mines, said ...

Junior miners almost never dive right in into successful producers with large-scale operations and happy shareholders. But Stornoway Diamond Corp., which is on the right track to create Quebec’s first diamond mine into production this year, showed it truly can be done, even in a tough market. Unfortunately, it might be pretty difficult to replicate the Stornoway model. It required ...

The commodity slaughter of the last five years has left very little metal unscathed. Almost. There is really a notable exception. Little-known lithium has been a solid performer for the last several years, and has simply skyrocketed recently due to expectations of soaring demand from electric vehicles and market distortions in China. “You could argue it’s done better than anything,” ...