The ranks of would-be special purpose acquisition companies within the Canadian market have been reduced by one with the news that Avingstone Acquisition Corp. has “withdrawn” its prospectus. The scorecard now reads this way: filings have been made for seven SPACs, five have raised capital; the first is still in the market and one has been withdrawn. SPACs are new ...

OTTAWA – As the Canadian economy entered 2016 with a little more oomph than anticipated, consumers still appear reluctant to open their wallets and start spending more – a sign that many are involved about employment at a time when the country’s unemployment rates are running at a two-year high. Given that uncertainty, it’s not surprising that Canadians continue to ...

Even if Saudi Arabia wins its struggle with U.S. shale producers over share of the market, it will face a new billion-barrel adversary. Natural gas prices may plunge below $1 on ‘insane’ storage glut not seen in 18 years A lukewarm winter and record gas storage are conspiring to bring Canadian gas prices down, and such affordable prices could force ...

The mantra in mining has more often than not been bigger is better. Miners, especially in the bulk commodity space, are continually trying to maximize production from their operations in an effort to gain scale and lower costs. The downside of that strategy is becoming apparent in the last couple of years, as it can certainly result in massive oversupply ...

WASHINGTON – U.S. employment gains surged in February, the clearest sign yet of labour market strength that could further ease fears the economy was heading into recession and permit the Federal Reserve to gradually raise interest rates this season. Nonfarm payrolls increased by 242,000 jobs recently, the Labor Department said on Friday. The unemployment rate held at an eight-year low ...

The market for transatlantic flights will be “ultra-competitive” come july 1st with 15.5 per cent more capacity on Canada-to-Europe routes, based on a brand new analysis by National Bank. London will be the most competitive market undoubtedly, with WestJet Airlines Ltd. launching flights from six Canadian cities in the spring and Air Canada increasing its ability to the city by ...

Boeing Co. has developed a new product to tackle a fundamental fear for flying germophobes: airliner lavatories that turn into virtual petri dishes during long-range trips. A huge safety issue’: Canada needs standards to prevent cramming too many people on flights, advocate says An airline passenger advocate says Canada need to look at establishing seat-size standards for commercial airlines Read ...

An Alaskan company engaged in distributing liquefied gas has applied for an export permit to the National Energy Board, contributing to the growing list of companies seeking to ship surplus Canadian natural gas to energy-hungry markets. Anchorage-based Crowley Holdings Inc. plans to export around 10 billion cubic feet of natural gas annually for 25 years. In its application filed March ...