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Tag Archives: expected

More ‘bruises and bloodshed’ expected for Air Canada and WestJet

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Canadian airline investors aren’t reaping the benefits of the sharp decline in oil prices, and one analyst thinks he knows why. Air Canada and WestJet Airlines Ltd. are both down about 25 per cent in the past six months, while WTI oil prices have declined more than 30 per cent …

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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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Bombardier Inc’s Pierre Beaudoin expected to step down as chairman, source says

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WASHINGTON/MONTREAL — Pierre Beaudoin is expected to step down as executive chairman of Canada’s Bombardier Inc in early 2016, according to a source familiar with discussions about the issue, a move that could erode family control of the plane and train maker. The source, who was not authorized to speak …

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Liberal tax changes to drain $100 million a year more than expected from Ottawa’s coffers, budget watchdog warns

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OTTAWA — The federal budget watchdog says the Liberals’ tax-bracket changes will drain on average about $100 million more per year from the public treasury than the government expects. Since winning the election, the Liberals fulfilled their campaign vow to cut federal income taxes for middle-income earners by raising the …

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Brace yourselves, the loonie is expected to resume its losing streak in the months ahead: poll

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The battered Canadian dollar is expected to weaken even more, tied to the ill fortunes of depressed oil prices and the prospect of another interest rate cut, a Reuters poll showed. Here are Canada’s winners and losers as the loonie nosedives After plunging to its weakest in 13 years in …

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Home Capital earnings lower than expected, but company says it’s making progress reviewing suspect mortgages

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Home Capital Group said it continues to make progress in reviewing its portfolio of mortgages generated by 45 brokers suspended for fraud last year, with the value of suspect mortgages dropping by roughly $200 million in the fourth quarter. The Toronto-based mortgage lender announced Wednesday that it has now reviewed …

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‘Poison pill’ antidote expected this week from Canadian regulators

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Canadian regulators are this week expected to announce they will boost to 105 days the amount of time a hostile bid must remain open for acceptance by a target company’s shareholders, the Financial Post has learned. Canadian Securities Administrators, an umbrella group that co-ordinates policy among Canada’s patchwork of provincial …

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Suncor Energy Inc expected to shed assets

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Higher debt stemming from the purchase of Canadian Oil Sands Ltd. will likely lead Suncor Energy Inc. to divest some non-core assets, but if oil prices remain depressed, its retail gasoline business may also be put up for sale. The $6.67-billion takeover includes $2.4 billion of debt, while at the …

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