MELBOURNE -Global miner BHP Billiton said on Friday it’ll get the exact value its U.S. shale assets by US$7.2 billion on a bleak outlook for oil and gas prices, cementing expectations it will likely be instructed to cut its dividend for the first time in over 25 years. Investors have ...

TransAlta Corp, the Alberta turbine, cut its quarterly dividend by greater than a third to save cash because it transitions toward gas and renewable power generation and from coal. The quarterly dividend was cut to 4 cents a share from 18 cents previously, the company said in a release Thursday. Calgary-based ...

Canadian companies are eager to make deals and international companies are looking to buy in a low-loonie environment, but don’t expect that to result in a wave of acquisitions this season. A decline of more than 30 per cent within the exchange rate from the Canadian dollar from the greenback makes ...

CALGARY – Penn West Petroleum Ltd. is cutting its capital budget for 2016 to simply one-tenth of what it spent last year as the conventional oil and gas producer lowers its average daily output, shuts in wells and activly works to reduce expenses. The Calgary-based company says its 2016 budget ...

OAKVILLE, Ont. – Algonquin Power & Utilities Corp. plans to buy the Empire District Electric Co., a Missouri-based utility, within an all-cash deal valued at US$2.4 billion, including debt. Under terms of the friendly deal, Liberty Utilities, a subsidiary of Oakville, Ont.-based Algonquin, will pay US$34 per share for that ...

North American markets look looking for a flat to slightly higher open today after the U.S. Fed gave little indication of slowing the pace of interest rate hikes despite the turbulence in global markets. The Fed kept rates unchanged and said it was “closely monitoring” global economic and financial developments.Benchmark ...

TORONTO – Expanding into new business organisations such as gaming and enhanced specialty food helps theatre chain Cineplex Inc. lure people from on-demand entertainment in their living spaces, but The exorcist proved to be the actual force behind its blockbuster annual and fourth-quarter results. Net income more than doubled during ...

Emerging market debts are not at a level that may trigger a market crash, but it is “too soon” to sound the all clear, says Capital Economics. The idea that emerging market debt may be the next leg from the global financial crisis has been floating around for a long ...

Wall Street erased gains and fell on Wednesday following the U.S. Federal Reserve didn’t satisfy investors dreaming about a stronger sign it could scale back future rate of interest hikes. In a widely expected decision, the Fed kept interest rates unchanged also it said it was “closely monitoring” global economic ...

Given the market volatility reflected in those recently mailed out January account statements, many investors are now thinking about should they have the right person managing their portfolio. Five questions you should ask your hard earned money manager during your annual review Many investors don’t know how to start when ...