OTTAWA – An analysis by certainly one of Canada’s biggest banks says the us government is on track to operate $150 billion in budgetary deficits within the next five years. How reckless, excessive borrowing became Canada's national pastime Philip Cross: Total borrowing in Canada across all categories increased by $77.9 billion last year, a lot more than the $71.6 billion ...

Money manager AGF Management Ltd. has achieved the first close on its infrastructure fund, a task it launched about 1 . 5 years back as a way of diversifying an investment opportunities open to its institutional and retail clients. After the markets closed on Wednesday AGF and InstarAGF Asset Management Inc., the entity which will manage the investments, announced they ...

Rumblings from Enbridge’s $2 billion equity financing – an offer that’s expected to be upsized by 15 per cent which closes Tuesday – continue. One rumbling concerns the way in which the stock was allocated. With a cast of 17 firms, four more dealers were involved this time around compared with the company’s previous equity offering, a $460 million issue ...

TORONTO – Ugly food often means a pretty profit. How Canadian grocery chains are tapping a brand new market with ‘ugly’ fruits and vegetables They’re a unique shape and they may have a blemish or two, but it’s what’s inside that counts, according to IGA Quebec’s campaign to market a variety of odd-looking vegetables and fruit whatsoever from the province’s ...

Canadian Pm Justin Trudeau is urging global leaders to rely more on government spending and fewer on monetary policy to spur growth because he prepares a budget which will push his country into deficit. Philip Cross: How profligate borrowing became Canada’s national pastime Total borrowing in Canada across all categories increased by $77.9 billion this past year, more than the $71.6 ...

Western Australia is the best mining jurisdiction in the world, while Saskatchewan is a close second. That is the conclusion of Canada’s Fraser Institute, which is released its annual Survey of Mining Companies on Tuesday. The survey, which collects feedback from countless mining professionals, tries to measure how resource potential and government policy affect mining purchase of 109 countries. Not ...

Royal Bank of Canada has postponed a trader day that planned to discuss the recent purchase of Los Angeles-based City National Bank, following a death of the U.S. private and commercial bank’s chairman emeritus and board member Bram Goldsmith. Goldsmith, who was 93, died on Sunday. He’d served as chief executive of City National from 1975 to 1995. Royal Bank ...

John Thornton looks on Barrick Gold Corp. like a patient finally ready for discharge from hospital and going to abandon the fast living that landed it there. Barrick Gold Corp has returned on top as Canada’s best-performing stock and also the world’s most valuable gold company Barrick Gold Corp. has surged to become Canada’s best-performing stock like a two-month rally ...