Home / Financial crisis

Financial crisis

Be ready to buy gold equities: J.P. Morgan

gold-prices.jpg

Most analysts are cautious on gold these days, especially since the market anticipates a rate hike from the U.S. Federal Reserve next week. But there is some mild optimism seeping into the forecasts for 2016, including the one from J.P. Morgan analyst John Bridges, who pointed out that gold has …

Read More »

Brent crude drops below $40 for first time in almost 7 years

1208crude.jpg

Brent crude fell below US$40 a barrel for the first time in almost seven years after OPEC effectively abandoned any limits on crude output, prompting speculation that a record global glut will continue. Prices fell to the lowest since Feb. 20, 2009, dropping for a third day after the Organization …

Read More »

Tax hikes, carbon caps and now $37 crude: For Canada’s oilpatch, the bad news just keeps coming

oil.jpg

For Canada’s oil industry, the bad news won’t stop. With OPEC’s decision on Friday to keep pumping oil in the face of a glut and prices for the commodity falling to their lowest level since 2009, Canadian producers are once again faced with the now-familiar problem of how to make …

Read More »

Stranded barrels in the oilsands: How carbon curbs will stunt growth in Canada’s oilpatch

1215oil2.jpg

Canadian oilsands producers like Suncor Energy Inc. like to tout the long life of the world’s third-largest crude reserves as their greatest asset. That longevity may now be their biggest liability with a new global agreement to curtail carbon emissions. Secret deal on carbon emissions has driven a rift through …

Read More »

Suncor attacks Canadian Oil Sands leadership as having ’almost no skin in the game’

1215cos.jpg

CALGARY — Suncor Energy’s latest appeal to Canadian Oil Sands shareholders attacks the leadership of the reluctant takeover target for having ‘almost no skin in the game.’ Suncor CEO Steve Williams says COS directors and executives own less than 0.1 per cent of the company’s shares. He says if COS …

Read More »

Why the Star Wars rebel alliance needs a central bank

1217force.jpg

ST. LOUIS, MO. – The U.S. Federal Reserve has it easy — at least compared to the problems that would face a Central Galactic Bank after the smoke clears from the anti-Empire rebellion when Star Wars episode VII premieres this week. Blowing up the Death Star in Star Wars would …

Read More »

TMX readying for showdown with Nasdaq over Canadian tech unicorns

1217eccleston.jpg

 The owner of Canada’s largest stock exchange is trying to make the company more enticing to technology startups amid new competition from Nasdaq Inc., the global heavyweight in tech listings. TMX Group Ltd. wants more tech firms on its venue for small companies, the TSX Venture Exchange, with the goal …

Read More »

Twas the week before Christmas … a poetic year in review by the company whose motto is ‘Be boring. Make money’

xmas.jpg

Calgary headquartered Mawer Investment Management, is known for many things: it was founded more than 40 years ago, it manages more than $30 billion of client assets, it is home to 40 employees, it now has offices in two other cities, Toronto and Singapore and is a regular winner of …

Read More »

Centerra Gold shares slide after Kyrgyzstan halts talks over Kumtor project

1222centerra.jpg

BISHKEK/TORONTO — Kyrgyzstan’s government said on Tuesday it had stopped talks with Canada’s Centerra Gold on restructuring their joint Kumtor project because the current agreement “ran counter to the country’s national interests.” The decision, the latest twist in a drawn-out tussle over the mine’s fate, sent shares in Centerra sliding …

Read More »

Perpetual Energy Inc shares plunge as Alberta Securities Commission rules in favour of its rights offering

1228perpetual.jpg

CALGARY – Perpetual Energy Inc.’s share price plunged more than 20 per cent Thursday after securities regulators ruled in favour the company’s planned $25 million rights offering. Lawyers for Perpetual argued at an Alberta Securities Commission hearing Tuesday and Wednesday that an application to cease trade the offering would have …

Read More »