Home / Financial News

Financial News

Why Potash Corp should take a run at Intrepid Potash…in a year

potash.jpg

Potash Corp. of Saskatchewan Inc. should consider a takeover of Intrepid Potash Inc. even though the analyst recommending such a deal doesn’t think it will happen for a year. Ben Isaacson at Scotiabank noted that Potash Corp.’s failed acquisition of Germany-based K+S AG was about both consolidation and accretion. However, …

Read More »

Suncor Energy Inc to weigh options over weekend if it doesn’t win over enough Canadian Oil Sands Ltd shareholders

cos-suncor1.jpg

With Suncor Energy Inc.’s all-share offer for Canadian Oil Sands Ltd. set to expire Friday evening, Suncor CEO Steve Williams and his advisors will likely huddle over the weekend to plot their next move. Suncor’s $4.13B hostile takeover of Canadian Oil Sands teeters as Friday deadline looms Suncor’s takeover of …

Read More »

Canada’s Finance Minister admits economy in worse shape than Ottawa thought

morneau.jpg

HALIFAX — The federal finance minister says the Canadian economy is suffering from slower growth than originally projected by the former Conservative government. Bill Morneau told several hundred people attending a Halifax Chamber of Commerce luncheon that his department’s projections on growth since the 2015 budget have fallen due to …

Read More »

Google Inc wants to partner with automakers in self-driving cars, but offers no specifics

0113google.jpg

DETROIT — The CEO of Google’s self-driving car project acknowledged Tuesday that the company is looking to partner with automakers, but refused to go into detail as rumours continue to swirl about a tie-up between Google and Ford Motor Co. “No one goes this alone. We are going to need …

Read More »

How Freshii is riding the health food boom and finding inspiration from fast fashion to fuel its rapid expansion

0111freshii.jpg

TORONTO — Freshii founder Matthew Corrin hasn’t heard back from McDonald’s CEO Steve Easterbrook since the former’s cheeky proposal last year suggesting the two go into business together. But clearly the home of the Big Mac has been influenced in recent years by Freshii’s style of fast food: healthy, convenient …

Read More »

General Motors Co raises 2016 profit outlook, boosts share buybacks, dividend

0113gm.jpg

DETROIT — General Motors Co said on Wednesday it will return more cash to shareholders by raising its stock buyback program by 80 per cent to US$9 billion and increasing its dividend, sending shares up 4.6 per cent in premarket trading. GM also raised its 2016 earnings per share forecast …

Read More »

Eldorado Gold Corp suspends much of its mine construction in Greece as permit delays continue

eldorado.jpg

Canadian miner Eldorado Gold Corp on Monday said it was suspending much of its mine construction and development in Greece after a year of confrontations with the Greek government that included permits being revoked and delayed by the state. Eldorado said it would suspend construction at its Skouries project and …

Read More »

Doomsday warning as predictions of $10-a-barrel oil grow

uae.jpg

Oil prices fell to fresh lows below $30-a-barrel Tuesday amid warnings the price rout could hit US$10 a barrel and bring down gas prices to levels last seen in 2009. Investment bank Standard Chartered became the latest big name to downgrade its oil outlook joining the likes of Goldman Sachs, …

Read More »

Man nabbed in Mexico to face securities fraud charges in Alberta

fowler.jpg

A man accused of securities fraud by the Alberta Securities Commission in 2014 has been arrested in Mexico and returned to Canada to face the charges. Kenneth Charles Fowler and another man, Douglas Wayne Schneider, were charged in January 2014 with fraud and other securities offences in the Provincial Court …

Read More »

Why the price of oil will recover faster than you think

oil8.jpg

It no doubt feels like a new paradigm for oil investors with the price of oil falling 72 per cent since 2014, the second-largest peak-to-trough decline in more than 30 years. Many are pointing fingers at the Organization of the Petroleum Exporting Countries for the monster wave of oil now …

Read More »