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Chance of rate cut rising as markets anxiously await details of Trudeau’s stimulus rescue

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The likelihood of a Bank of Canada rate cut is rising as markets await details of Prime Minister Justin Trudeau’s promised stimulus package for the Canadian economy. Markets have begun pricing in a greater chance this week that the Bank of Canada will move to cut its interest rates sometime …

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Tough times, rising costs have chewed up 25% of Canada’s small investment firms: IIAC

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TORONTO — Restructuring and consolidation in a tough economy and escalating regulatory costs have led to the disappearance or reconstitution of a full 25 per cent of investment firms in Canada during the past three years, according to the Investment Industry Association of Canada. More than 50 boutique firms are gone, …

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U.S. economic growth brakes sharply, rising only 0.7% as strong dollar weighs on exports

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WASHINGTON — U.S. economic growth braked sharply in the fourth quarter as businesses stepped up efforts to reduce an inventory glut and a strong dollar and tepid global demand weighed on exports. Gross domestic product increased at a 0.7 per cent annual rate, the Commerce Department said on Friday, also …

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Canadian oil production to keep rising even if pipelines not approved: National Energy Board

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TORONTO • Canada’s top energy regulator says the country’s crude oil production will continue to grow until at least 2040 even if key pipeline projects do not proceed and despite government policies to reduce greenhouse gas emissions. The National Energy Board’s report forecasts crude oil production to grow 56 per …

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Canada’s oil industry faces rising threat from its own backyard, IEA warns

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Rising competition between North American Free Trade Agreement (NAFTA) members to export crude oil, poses challenges for Canada, according to a new report by the International Energy Agency. “This trend is increasingly supported also by the fact that the Keystone XL expansion project did not receive approval by the U.S. …

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