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Tag Archives: Canadian

Mortgage growth expected to slow as Canadian banks assume more risk

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It’s going to get more expensive for Canadian banks to do business in the country’s housing market as the government seeks to limit its exposure to surging home prices and the risk of default. The Office of the Superintendent of Financial Institutions, which oversees federal banks and insurers, is seeking …

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Canadian Pacific Railway Ltd again sweetens offer for Norfolk Southern Corp, as Hunter Harrison threatens ‘street fight’

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Canadian Pacific Railway Ltd. has again revised its offer for Norfolk Southern Corp., adding in a measure designed to protect shareholders while strongly hinting that a hostile bid is just around the corner. “In my view, the clock is ticking and it’s ticking down,” CP chief executive Hunter Harrison said …

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

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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 …

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Moody’s places Suncor, Husky and other Canadian energy players on review for downgrade

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CALGARY – The continued oil price rout has caused ratings agency Moody’s Investors Service to review the credit of seven Canadian oil and gas companies, possibly downgrading their debt. The companies with debts placed under review for downgrade Wednesday include some of the largest energy players in Calgary: Suncor Energy …

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A bleaker Canadian economy may be lurking below recent data

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OTTAWA — On the surface, Canada’s economy is displaying signs of returning — albeit in small steps — to some form of normalcy. Inflation has been making a mild and slow comeback in Canada, warming up after a period of ultra-low price gains that characterized much of the past year, …

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How Canadian Tire is grappling with the economics of e-commerce

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Technology can be both a blessing and a curse for traditional retailers. The hottest toy you can’t buy in stores! How Shopify is powering a retail revolution Behind the scenes, a Canadian company is helping small merchants willing to fill the void left by the likes of Walmart Inc. and …

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Suncor Energy Inc’s bid for Canadian Oil Sands Ltd pits CEO’s pledge to deliver against poor record

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As Canadian Oil Sands Ltd. tries to fend off Suncor Energy Inc.’s $4.33 billion bid, the latest upset at its only business couldn’t have come at a worse time. Billionaire investor Seymour Shulich says he would support a sweetened offer for Canadian Oil Sands The most outspoken opponent of Suncor …

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Canadian lawsuit names Bank of Nova Scotia in gold price manipulation

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TORONTO — Bank of Nova Scotia, embroiled in a lawsuit in the United States along with a handful of international banks over alleged manipulation of a key benchmark based on the gold price, is facing a fresh lawsuit filed in Canada. Lawyers at Sotos LLP, Koskie Minsky LLP and Camp …

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Canadian Natural Resources Ltd upgraded at Citigroup

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Canadian Natural Resources Ltd. was among several energy producers upgraded on Tuesday by Citigroup in anticipation of tides turning for the sector in 2016. Analyst Robert Morris raised his rating on CNRL to buy from neutral, along with EOG Resources Inc., Cimarex Energy Co. and Anadarko Petroleum Corp. Oasis Petroleum …

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Weak loonie and U.S. ‘revival’ bump up Canadian exports, trim trade deficit

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OTTAWA — Canada’s exports grew for the first time in four months in November, cutting the trade deficit in a sign the country’s weak currency is helping manufacturers even as the price of oil slides. Statistics Canada said on Wednesday the deficit narrowed to $1.99 billion from C2.49 billion in …

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