Canadian exporters such as West Fraser Timber Co. are climbing as the central bank’s surprise interest rate reduction weakened the currency, giving the companies an immediate boost while underscoring the deepening risk from the oil-price crash.
While the cut highlighted concerns about the nation’s economic outlook, the benchmark Standard & Poor’s/TSX Composite Index climbed 1.8% yesterday partly on the prospect that a lower Canadian dollar would help companies that price their goods in U.S. dollars. The index rose another 0.6% by 9:38 a.m. on Thursday.
It may only be a small country, but the UK is home to some of the biggest YouTubers in the world. From superstar vloggers like Zoella, to superstar singers like Adele, there are a huge amount of Brits with millions of YouTube subscribers whose videos have been viewed — in some cases — billions of times.
Canada’s stagnating economy could force its central bank to deploy the type of extraordinary stimulus adopted in the U.S., Europe and Japan, according to BlackRock Inc., the world’s biggest money manager.
With a commodity prices collapse that probably sent the country into recession in the first half showing no signs of letting up, the Bank of Canada may need to follow its developed-nation peers with quantitative easing, according to Aubrey Basdeo, BlackRock’s head of Canadian fixed-income.
OTTAWA — It has been just over a year since Benoit Daignault took the reins at Export Development Canada (EDC), the federal agency charged with helping companies fund and expand into new markets.
While much has changed in that time — a domestic economy now struggling to kick-start growth in the midst of an oil-price collapse — the impetus to expand into new markets, not just the United States, must still come from corporate leaders themselves.
The race to Mars is on, even if right now it’s mostly tenuous and theoretical.
Dutch-based Mars One wants to establish a colony on the red planet by 2025, though Canadian former astronaut Julie Payette says that it’s mostly smoke and mirrors at this point.
That hasn’t stopped Mars One from getting a competitor, however. Mars Polar is a new venture aimed at starting a Mars Colony by the slightly more reasonable date of 2029.
While Ottawa agreed in Budget 2013 to extend tax breaks for manufacturers for two years, a request by developers of liquefied natural gas terminals on Canada’s West Coast to receive similar tax savings fell on deaf ears.
Before they start crying foul that the West’s energy industry is being shortchanged relative to the Eastern-based manufacturing sector, developers of the new projects should be reminded that their ask showed poor judgment in the first place.
By Markus Aarnio:Conifex Timber (OTC:CFXTF) is a softwood forest products company operating in the Northern Interior region of British Columbia. (click to enlarge)
Insider buying during the last 30 days
Here is a table of Conifex's insider activity during the last 30 days.
VANCOUVER • In the bowels of the Standard Building on the edge of Vancouver’s trendy Gastown district, David Negrin and the Aquilini Investment Group Inc. are devising a way to accomplish what the Calgary-based energy industry has so far struggled to pull off: build an oil pipeline to Canada’s West Coast.
It’s a quixotic plan that has elicited raised eyebrows in Canada’s oil capital next door.
The head of Italy's largest oil company says Europe is facing unsustainable energy costs that only fracking or increasing Russian imports can address. Speaking Monday at a Council on Foreign Relations event in New York, Eni CEO Paolo Scaroni said Europeans pay twice as much for natural gas as Americans.
The National Post re-imagines a week in the life of a newsmaker. Today, Tristin Hopper looks at the week through the eyes of Chris Hadfield, the first Canadian commander of the International Space Station.