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Why BMO’s CEO expects it to take two or three years for oil prices to stabilize


Oil prices won’t return to more normal levels for two or three years, and those expecting a speedy rebound from this month’s 12-year lows are being unrealistic, Bank of Montreal Chief Executive Officer William Downe said. “It’s unrealistic to believe it’s going to snap back,” Downe said in an interview Friday …

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Air Canada stock met with turbulence after CEO takes shot at ‘short-term investors’


Air Canada’s decision to stop providing capacity guidance was a shot across the bow at short-term investors, but the shrapnel is hitting long-term investors too. The airline’s stock fell for the second day in a row Thursday after it said it will no longer release capacity forecasts and will also …

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Toronto-Dominion Bank CEO Bharat Masrani paid $9.38 million in first year as top executive


Toronto-Dominion Bank paid Bharat Masrani $9.38 million for fiscal 2015, his first year as chief executive officer of Canada’s largest lender. Masrani, 59, received $1 million in salary, $4.22 million in share-based awards and $2.08 million of option awards as well as $1.7 million in incentive pay and $383,692 in …

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Valeant CEO Mike Pearson’s health improving, but board reportedly debating his return


Valeant Pharmaceuticals International Inc. Chief Executive Officer Mike Pearson’s health is improving, a company spokeswoman said Thursday, although he remains on medical leave. Former Chief Financial Officer Howard Schiller is still acting as interim CEO, said Laurie Little, the spokeswoman. Pearson was hospitalized in late December with severe pneumonia. At …

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Home Capital Group CEO Gerald Soloway to step down after 30 years with mortgage lender


Home Capital Group Inc. chief executive Gerald Soloway is stepping down after almost 30 years at the helm of the mortgage lender. He will hand the reins to company president Martin K. Reid at the company’s annual meeting on May 11. Soloway will remain a director of Home Capital and …

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Aubrey McClendon dies at 56: Former Chesapeake CEO was a mythical character who pioneered the shale revolution


HOUSTON — Aubrey McClendon was the face of the nation’s natural gas boom, a swashbuckling innovator who pioneered a shale revolution. Former Chesapeake CEO Aubrey McClendon dies in car crash day after being indicted McClendon was charged on Tuesday with conspiring to rig bids to buy oil and natural gas …

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