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Tag Archives: year

Congress passes U.S. spending bill to end 40-year-old oil export ban


Congress passed a US$1.1-trillion spending measure that averts a U.S. government shutdown and ends a 40-year-old ban on crude oil exports, a plan that ensures fiscal peace in Congress through most of 2016. The Senate passed the bill 65-33 on Friday, shortly after a 316-113 House vote. The legislation, which …

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Twas the week before Christmas … a poetic year in review by the company whose motto is ‘Be boring. Make money’


Calgary headquartered Mawer Investment Management, is known for many things: it was founded more than 40 years ago, it manages more than $30 billion of client assets, it is home to 40 employees, it now has offices in two other cities, Toronto and Singapore and is a regular winner of …

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Brace for another year of slow growth and loonie below 70 cents, Canada’s top forecasters warn


TORONTO — Canada is headed for a rocky year as low oil prices continue to drag on economic performance, the chief economists of some of Canada’s biggest banks said Tuesday. Bank of Montreal chief economist Douglas Porter told a morning gathering of leading economists that it’s going to be a …

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


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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Oil falls below US$32 a barrel to hit new 12-year low: ‘China has torpedoed the hopes of optimists’


Crude declined to a 12-year low, confirming the view of hedge funds that cut bullish price bets to the lowest since 2010. Futures dropped as much as 6.4 per cent in New York, adding to last week’s 10 per cent slide. Speculators’ net-long position in West Texas Intermediate crude slipped …

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


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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Bell Media braces for U.S. advertising blitz during next year’s Super Bowl thanks to ‘bizarre’ CRTC ruling


As the NFL’s Carolina Panthers prepare to take on the Denver Broncos this Sunday, Bell Media is preparing for the possibility this will be the last Super Bowl with a guaranteed audience for Canadian ads. Terence Corcoran: CRTC fumbles its imaginary Super Bowl commercial crisis If this were 2017, the Victoria’s …

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Shell puts off decision on LNG megaproject in B.C. for another year as it grapples with plummeting oil prices and earnings


The punches keep coming for the Canadian oil and gas industry. The latest uppercut came from Royal Dutch Shell Plc. on Thursday, as it postponed a decision on its US$40 billion liquefied natural gas export project in Kitimat, B.C. “likely” to the end of the year. Like most energy companies, …

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Lowe’s Canada posts third straight year of double-digit sales growth ahead of Rona merger


TORONTO • Lowe’s Cos. is in a strong position in Canada even before the home improvement giant closes its pending $3.2 billion acquisition of Rona Inc. The North Carolina-based retailer, which announced a friendly takeover of the Quebec-based hardware chain earlier this month, posted its third consecutive year of double-digit …

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