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Tag Archives: Canadian

Canadian Natural Resources cuts budget, staff salaries amid Q3 loss


CALGARY – Canadian Natural Resources Ltd., Canada’s largest volume producer of oil and gas, has cut its capital budget for the fifth time this year as executives said the company faces multiple challenges, including an Alberta government royalty review, in budgeting for next year. But president Steve Laut said he …

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Canadian pension plans turn bold: Funds employ risky formula in low interest rate world


The words “bold” and “pension fund” don’t always go together easily. Then again, neither do bold and Canada. But Canadian public pension funds are once again employing bold strategies in a world where interest rates have remained persistently low at the very moment that aging baby boomers are increasingly drawing …

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Canadian Natural Resources Ltd asset sale seen as mostly positive


Canadian Natural Resources Ltd. rarely sells assets, so the deal to hand over most of its royalty lands to PrairieSky Royalty Ltd. in exchange for $1.8 billion in cash and stock marks somewhat of a strategic departure. Canadian Natural also doesn’t appear to have ever held a material stake in …

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Three Canadian pensions to pay US$2.8 billion for operator of Chicago Skyway toll road


A consortium of the Canada Pension Plan Investment Board, OMERS, and the Ontario Teachers’ Pension Plan have struck a US$2.8 billion deal to acquire Skyway Concession Company LLC, which operates the Chicago Skyway toll road. Each pension will own a 33.33 per cent interest, and contribute an equity investment of about …

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Bombardier Inc in talks with Canadian government on CSeries investment: CEO


LAS VEGAS — Bombardier Inc is in talks with the new Canadian government about a further cash infusion into its struggling CSeries jet program, which the planemaker expects to turn a profit by around 2020, according to Chief Executive Alain Bellemare. The long-delayed single-aisle passenger jet program is already billions …

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Canadian beef producers expecting to double, even triple exports to Japan thanks to TPP


OTTAWA — After years stuck in the doldrums, Canadian beef exporters finally see opportunity for growth. Thanks to the Trans-Pacific Partnership, they say their exports to Japan could double, or even triple, after years of trade difficulties imposed, in part, by Canadian mad-cow scares. Trans-Pacific Partnership: Full text — Here’s …

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Riots destroy Canadian mine in Mozambique, Pacific Wildcat Resources’ second project to face trouble


TORONTO — Rioters have destroyed a Canadian-owned tantalum mine in Mozambique, injuring security officers and setting fire to the site, the company says. Pacific Wildcat Resources, in a press release issued late last week, said company representatives had fled its Muiane mine to the city of Nampula, around 120 kilometres …

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Bayfield Strategy Inc starts Canadian proxy advisory firm


Bayfield Strategy Inc., a financial communications firm, is starting a proxy solicitation company called Evolution Proxy Inc. Evolution Proxy will be co-led by industry veterans Riyaz Lalani as president, and Chang Park as chief operating officer, the Toronto-based company said Friday in a statement. Lalani will continue to serve as …

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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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Canadian Oil Sands Ltd has received interest from 25 potential buyers, and four are ‘highly credible’


CALGARY – There are four “highly credible parties” interested in Canadian Oil Sands Ltd., which will take its battle against a hostile takeover bid by Suncor Energy Inc. to a Calgary securities commission hearing Thursday. Canadian Oil Sands' ‘fear-mongering’ in Suncor Energy Inc takeover talks no help to shareholders With …

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