Home / Tag Archives: Canadian

Tag Archives: Canadian

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

1125goose.jpg

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 …

Read More »

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

1125cos.jpg

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 …

Read More »

Canadian companies have ‘false sense of security’ when it comes to cyber threats: report

attack.jpg

Many Canadian businesses have “wrapped themselves in a false sense of security” when it comes to resisting cyber attacks, according to a new survey by Deloitte. A false feeling of preparedness, often because there has been no attack to date, leaves the door open “even wider for the would-be attackers,” …

Read More »

Where have all the Canadian tourists gone? Weak dollar keeps them from visiting the U.S.

where_are_the_canadians.jpg

ORLANDO, Fla. — Around this time of year, Joel and Lorraine Leydier usually make their annual drive from their home in a small town east of Toronto to Myrtle Beach, South Carolina, where they love watching the beach from the balcony of their hotel, shopping and listening to music at The …

Read More »

Norfolk Southern Railway snubs Canadian Pacific’s $28-billion offer as ‘grossly inadequate’

norfolk.jpg

Norfolk Southern Corp. has rejected Canadian Pacific Railway Ltd.’s US$28.4-billion takeover proposal, calling it “grossly inadequate” and emphasizing that it’s unlikely to receive regulatory approval at any price. But CP chief executive Hunter Harrison is not one to give up easily, and analysts said he’s now likely to sidestep the …

Read More »

Mortgage growth expected to slow as Canadian banks assume more risk

banks4.jpg

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 …

Read More »

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

1216norfolk2.jpg

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 …

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 »

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

suncor.jpg

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 …

Read More »

A bleaker Canadian economy may be lurking below recent data

1218morneau.jpg

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, …

Read More »