NEW YORK — Oil prices fell 7 per cent on Tuesday as equity markets remained weak, forecasts required record high U.S. crude stockpiles to grow more, and also the latest global energy demand outlooks didn’t look sufficiently strong to eliminate the swelling glut. Canadian energy companies selling off 'jewels in the crown' to help keep bleeding oilsands afloat Firms are ...

Vancouver’s eye-popping housing industry is seemingly defying gravity, with sales in January rising nearly 32 percent – the 2nd busiest January on record. Without affordable housing, Vancouver risks just as one economic ghost town The tech economy in Vancouver and across Canada has never looked brighter. The reality, in certain respects, has not been bleaker. Continue reading. With prices in ...

TORONTO – Expanding into new businesses for example gaming that has been enhanced specialty food has helped theatre chain Cineplex Inc. lure people from on-demand entertainment in their living spaces, but The exorcist proved to be the real force behind its blockbuster annual and fourth-quarter results. Net income more than doubled during the three-month period ended Dec. 31 to $76.8 ...

Canada’s Superintendent of Financial Institutions has taken temporary charge of the assets from the Canadian branch of Maple Bank GmbH, which is headquartered in Germany. “The Superintendent took this action to preserve the need for the assets held in the branch considering the decision from the German prudential regulator to shut the bank for business with customers,” the Office from the Superintendent of ...

WASHINGTON – Tightening financial conditions and uncertainty over China pose risks to the U.S. recovery, but chances are slim the government Reserve will have to reverse the rate tightening cycle it began in December, Fed Chair Janet Yellen told U.S. lawmakers on Wednesday. Global risks have intensified and could slow the U.S. economy, but “I don’t expect the (Federal Open ...

Home Capital Group said hello is constantly on the make progress in reviewing its portfolio of mortgages generated by 45 brokers suspended for fraud this past year, using the value of suspect mortgages visiting roughly $200 million in the fourth quarter. The Toronto-based mortgage company announced Wednesday that it has reviewed 40 per cent of the mortgages that were produced ...

Sovereign bonds surged, sending japan benchmark 10-year yield below zero for the first time, as investors seeking the safest assets gorged on government debt. Treasury yields dropped to some one-year low and those on short-dated German securities dropped to records within the rush to refuge from a worldwide stock rout. Traders pared the odds the government Reserve will raise interest ...

The B.C. Liberals’ throne speech, Tuesday, pointedly paid tribute to a lot of historically marginalized groups. Lieutenant Governor Judithju Guichon recognized the Songhees First Nation, and also the Esquimalt. She offered a hot thanks for visiting new immigrants. And she wished a contented Lunar New Year to the Chinese, Japanese, Koreans, Vietnamese and Mongolians in the home. Then she switched ...