OTTAWA – It’s been fourteen years and counting, and Argentina still hasn’t shaken off its label as financial market pariah among creditors around the world. It’s unlikely the South American country will totally resolve its ongoing debt saga – and recast its international profile – despite a U.S.-court-approved debt agreement with remaining international investors. After all, Argentina has tried this ...

The existing policy framework has destroyed the chance for carbon taxes to achieve efficiency In his March 2 article, “The cheapest method to cut carbon,” economist Trevor Tombe presents the basic logic of emission taxes as applied to CO2. In theory, a uniform carbon price would minimize the price of emission reductions since it would prompt emitters to recognize and ...

LAVAL, Que. – Alimentation Couche-Tard Inc. says its Circle K brand come in place at hundreds of additional U.S. stores by this spring as the Quebec-based company moves to consider a worldwide identity because of its supermarkets and gas stations. Couche-Tard says it’s on track to place the brand new image on more than 400 stores in the southeastern United ...

WINDSOR ? Canada’s largest grocer has yielded to public opinion and announced plans to return French’s ketchup to its shelves. “We’ve heard our Loblaws customers,” company spokesman Kevin Groh said within an email. “We’ll restock French’s ketchup and hope that the enthusiasm there has been in media and on social media means sales from the product.” ‘Bye. Bye. Heinz’: French’s ...

Prime Minister Justin Trudeau will post a deficit of approximately $30 billion in the first budget in a few days, signalling he won’t unveil additional initiatives to kick-start the economy, government officials said. The budget, to be sold March 22 by Finance Minister Bill Morneau, will mainly comprise pledges made during and also, since last year’s election, two governmental officials ...

A good deal of creativity was required to generate US$700 million indebted and equity to allow for the making of a potash mine in Saskatchewan. Creativity was needed because Karnalyte Resources, who owns the mine, lacked the balance sheet and also the share price to raise the necessary capital by itself. Last September, to help in that process, Karnalyte Resources ...

Canadian National Railway Co. is benefitting from the “very strong” operating performance in the midst of an inadequate volume environment, but National Bank has downgraded the stock following a 15 percent run-up from the January lows. “Although we believe CN ought to be a core holding for long-term investors, we are lowering our rating to Sector Perform from Outperform based ...

VICTORIA – As British Columbia struggles to produce a proposed liquefied gas industry, a new report suggests the challenges have nothing related to deficiencies in supply. A National Energy Board report released by the province on Wednesday said gas resources in northeastern B.C., are trillions of cubic feet higher than initial estimates. The study focused on the Liard Basin, an ...