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First it was energy, now Valeant and Bombardier are spooking bond investors away from Canada


Canada’s bond market has been ravaged by the global commodities rout. So when a drugmaker and an aerospace company join the misery with even bigger losses, investors can’t be blamed for rushing to the exits. Six very strange things have been happening in financial markets around the world Market moves …

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Warren Buffett keeps the faith in oilsands as Berkshire Hathaway Inc raises stake in Suncor Energy Inc


One of the world’s savviest investors has kept the faith in the oilsands as investor sentiment toward the sector is souring. Billionaire Warren Buffett’s Berkshire Hatahway Inc. revealed in its most recent filings that it has purchased an additional 7.6 million shares in Suncor Energy Inc. Berkshire has been boosting …

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Canada Goose plans to double staff at new Winnipeg factory as it eyes global expansion


Canada Goose plans to double staff at a new factory in Winnipeg by early next year as it lays the groundwork for a bigger international expansion. President and CEO Dani Reiss says a new facility opened last month and already employs 80 people. He hopes to see that level spike …

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Natural gas producers’ profits will sink to worst loss since 2009, Conference Board warns


CALGARY – The Canadian natural gas industry is expected to post its worst collective loss since 2009 this year, a new report from the Conference Board of Canada predicts, the result of both the fall in natural gas prices and the price collapse for related commodities such as propane and …

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Marriott’s $12.2-billion takeover of Starwood Hotels will help it dominate Canada


TORONTO — Marriott International Inc.’s US$12.2-billion takeover of Starwood Hotels and Resorts Worldwide will not only create the world’s largest lodging company but give it majority control of some Canadian markets, says an industry consultant group. According to Lyle Hall, managing director of Toronto-based HLT Advisory Inc., it’s not out of …

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Farewell Goldman Sachs, hello Uber: How the tech world is raiding Wall Street talent


NEW YORK/SAN FRANCISCO — Three mid-level bankers in Goldman Sachs Group Inc’s technology investment banking group in San Francisco have left to take positions at ride service company Uber Technologies Inc in recent months, people familiar with the matter told Reuters. ‘Masters of the universe’ no more: London traders’ champagne …

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‘This is not a jet’: Pratt & Whitney exec explains why CSeries is quieter than critics think


When politicians and activists talk about Porter Airlines’ plan to fly “jets” out of Toronto’s downtown airport, they show a fundamental misunderstanding of the technology on Bombardier Inc.’s CSeries aircraft, according to the executive who developed the plane’s engine. Ottawa says ‘no’ to jets at Toronto island airport, dealing blow …

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TransAlta Renewables gets $200M investment from Alberta fund manager AIMCo


CALGARY – Alberta’s provincially owned investment management company bought a $200-million stake in a local renewable power provider Monday, the day after the province announced it would phase out coal-fired electricity generation. Alberta Investment Management Corp., which manages more than $75-billion worth of investments from the province’s government pension funds, …

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Canadian economy rebounding amid adjustment to low commodity prices: Bank of Canada’s Patterson


Canada is adjusting to the damage from lower commodity prices and the economy will use up its idle capacity to produce more goods by mid-2017, a central bank policy maker said Tuesday. Lower interest rates and a weaker Canadian dollar are helping with the adjustment, Bank of Canada Deputy Governor …

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Caisse de depot part of consortium spending $9.9 billion to invest in Australian electricity network


MONTREAL — The Quebec pension plan is part of a consortium that is spending $9.9 billion to acquire a 99-year lease for TransGrid, the owner and operator of the electricity transmission network in New South Wales in Australia. The network spans close to 13,000 kilometres and serves Sydney and Canberra, …

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