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Tag Archives: nbsp

Volkswagen faces billions in penalties as U.S. sues for environment violations

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WASHINGTON — The U.S. Justice Department on Monday filed a civil lawsuit against Volkswagen AG  for allegedly violating the Clean Air Act by installing illegal devices to impair emission control systems in nearly 600,000 vehicles. The allegations against Volkswagen, along with its Audi and Porsche units, carry penalties that could …

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5 policy risks to watch in China after a year of living dangerously

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Economic policy missteps loomed large over China’s economy this year, ranging from a controversial stock market bailout, to a yuan devaluation that roiled global markets to a financing crunch for local governments triggered by fiscal reforms that had to be eased. Next year may be no different. “Policy continues to …

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Where did the potential buyers of Canadian Oil Sands disappear to?

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Unless something dramatic happens between now and Friday, Suncor’s planned, albeit hostile, acquisition of Canadian Oil Sands is expected to play out as anticipated. While shareholders may not like the all-paper offer, they will support the transaction because the alternative of owning an independent company that trades lower – is …

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Pension solvency dipped slightly in 2015, Mercer report shows

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The poor equity market performance, the continued decline in long-term bond yields and new mortality tables that reflect increased life expectancy, have all combined to cause a slight decline in the funded status of the country’s pension plans in 2015. The only good news: the funded status of the 611 …

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The stage seems set for regulators to get out of ruling on shareholder rights plans

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This Friday, Jan. 8, the day that Suncor’s hostile $4.3-billion all-stock offer for Canadian Oil Sands is set to expire, may end up being a milestone. If Suncor succeeds in getting support from holders of two thirds of COS shares – one of its conditions — that takeover may be …

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Mortgage broker Dominion Lending Centres to acquire Mortgage Architects

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Two of Canada’s large mortgage brokerage firms are joining forces.  In a deal announced Monday, Dominion Lending Centres said it is acquiring Mortgage Architects.  The combined firms have 4,800 accredited mortgage professionals, and a total of $32 billion in annual mortgage volume, translating to more than 100,000 individual mortgages per …

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Why Potash Corp should take a run at Intrepid Potash…in a year

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Potash Corp. of Saskatchewan Inc. should consider a takeover of Intrepid Potash Inc. even though the analyst recommending such a deal doesn’t think it will happen for a year. Ben Isaacson at Scotiabank noted that Potash Corp.’s failed acquisition of Germany-based K+S AG was about both consolidation and accretion. However, …

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Canada’s incumbent airlines have little to fear from new startup NewLeaf Travel

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Canada’s incumbent airlines have little to fear from a new, ultra-cheap competitor that will begin flying next month, according to an analysis by National Bank. NewLeaf Travel Company Inc. on Wednesday opened its website for bookings, with its first flight planned for February 12. To keep prices low, the airline’s …

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Crude prices are getting slammed, in wild day for oil market

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Crude oil is getting slammed on Monday, with front-month contracts for Brent and West Texas Intermediate each down more than 6 per cent at their lows of the day. Meanwhile, Western Canadian Select, a heavier blend of crude, trades at US$16.32 per barrel. A supply response to lower prices continues …

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Oil breaches key barrier and falls below $30 for the first time in 12 years

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NEW YORK — Oil fell briefly below US$30 a barrel on Tuesday, extending a relentless selloff that has wiped almost 20 per cent off prices this year amid deepening concerns about fragile Chinese demand and the absence of output restraint. The day’s near 4 per cent drop marks a seventh …

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