Enbrige Inc.’s $2.3 billion equity offering has been viewed as a sensible move during challenging times for many energy-related companies. The company also reduced its dividend growth forecast to Ten to twelve per cent between 2015 and 2019, from 14 to 16 per cent previously, an expression of their more cautious outlook. Calling the offering a “key catalyst,” J.P. Morgan ...

VANCOUVER – The premiers of Canada’s two most populous provinces have joined forces to push for federal help for Bombardier’s CSeries aircraft. Quebec Premier Philippe Couillard drew support from his Ontario counterpart in calling for Ottawa to back the airliner, saying the CSeries is important towards the Canadian economy. The province wants the federal government to join it in contributing ...

It’s always been common practice for Americans to head north for bargains whenever the Canadian dollar falls meaningfully underneath the greenback. Throughout the current slump, they’re doing so from the comfort of their houses by shopping online from small-time Canadian merchants. The Canadian dollar – the loonie – has fallen about 18 per cent against its U.S. counterpart over the ...

WASHINGTON – U.S. economic activity continued to expand in many districts from early January to late February but conditions varied considerably across regions and within sectors, the Federal Reserve said on Wednesday. The decidedly mixed picture illustrates the headache Fed policymakers face once they next meet to determine the path of great interest rates on March 15-16. Consumer spending increased ...

Canadian banks’ exposure to the struggling oil-and-gas industry totals $107 billion when including untapped lines of credit with outstanding loans, according to a review of company filings. That’s double the $50 billion in total outstanding loans generally highlighted by Royal Bank of Canada, Toronto-Dominion Bank and the country’s four other large lenders in quarterly earnings calls and presentations. The figure ...

Canadian gas prices could plunge below $1 per thousand cubic feet after March as a lukewarm winter and record gas storage conspire to create prices down. AECO, the Alberta benchmark natural gas prices, stood at $1.24 per mcf Wednesday, its minimum in 18 years, as gas storage exceeded five-year average. AECO prices last fell below $1 on June 30, 1995, ...

On Alberta’s mountainous western edge, champagne powder, hot springs and evergreen forests are enhancing the Canadian province cushion the pain of the oil-induced recession. How Canadian snowbirds feel the pinch of the falling loonie: ‘There are no deals anymore’ Even Harry Rosen can’t help but keep one eye on the falling loonie nowadays. The 84-year-old founder of the iconic Canadian ...

The Corus/Shaw Communications/Catalyst battle – a battle over valuations, financial disclosure and the allocation of value from the Corus minority – reached a predictable turning point now when the target rejected a proposal for any rights offering where all shareholders would participate. As a part of its information circular, Catalyst, which holds 321,000 Class B Corus shares, said “the chance ...