Participants in labour markets can handle matters all on their own own If the Liberal platform is a guide – and we’re a democracy therefore it should be – next week’s budget contains $775 million of new money for a number of “labour market development” initiatives. Though any support for markets among left-of-centre parties is to be encouraged, the thing ...
Read More »The oil price crash is over — let the recovery of Alberta’s hard-hit economy begin
The crash is over. The rebuilding of Alberta’s energy-fired economy begins. U.S. crude breaks through US$40 as oil rallies for second day on optimism for producer meeting Oil surged above US$40 a barrel in Ny for the first time since December as central banks in the U.S. to Norway signaled they will continue to provide economic stimulus to support demand ...
Read More »CRTC bundles telecom and TV complaints together with new watchdog
OTTAWA – Canadians who’ve gripes about their TV providers will quickly possess a new watchdog to hear their complaints. The Canadian Radio-television and Telecommunications Commission on Thursday announced it’ll expand the required the Commissioner for Complaints for Telecommunications Services (CCTS) to include cable or satellite disputes. The CRTC will require all television providers to become members of the CCTS by Sept. ...
Read More »Sears Canada seeking to cut up to $127 million in expenses this year, mostly by first quarter
Canadian mall operator Sears Canada Inc decided to sell and lease back a distribution outlet in Calgary, and said it would cut more costs this season, because the company struggles with declining sales. Sears Canada said on Friday it planned to slash costs by an additional $100 million-$127 million in 2016, with many from the cuts planned inside the first ...
Read More »REIT investors face new risk as CEOs age, raising succession questions
Investors in REITs were given another step to worry about: the people who started options are growing older and once they retire, the folks taking their place will need to gain the confidence from the market and could attempt a different strategy. That in a nutshell is the gist of a 35-page report released Thursday by Alex Avery, a genuine ...
Read More »Canadian Oil Sands Ltd will disappear from TSX Wednesday after Suncor takeover approved
Canadian Oil Sands Ltd. will be integrated immediately into Suncor Energy Inc. after minority shareholders voted in support of the takeover. The largest who owns the Syncrude oil sands mine will be delisted from the Toronto stock exchange on Wednesday following a vote on Monday. Suncor presently has to find ways to reduce operating costs and share some operations using its ...
Read More »At $4.2 billion, TransCanada now holds the record for largest bought deal in Canadian history
Ladies and Gentlemen: there is a new name at the top of the leader board for that largest bought deal in Canadian history. Moving into first place with an equity financing that is more than two times as big since it’s previous record is TransCanada Corp., which announced a $4.2 billion transaction after markets closed Thursday. Previously, TransCanada’s largest equity financing ...
Read More »Alberta Energy Regulator sets steam restriction at Canadian Natural Resources’ Primrose project after 2013 leak
CALGARY – The Alberta Energy Regulator said on Monday it is implementing additional requirements at Canadian Natural Resources Ltd’s Primrose oilsands project after concluding excessive steaming caused a 6,648-barrel bitumen emulsion leak in 2013. The requirements include permanent limits around the steam volumes the company is permitted to use to extract bitumen from underground reservoirs and a requirement that CNRL ...
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