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Ontario set to issue green bonds in second issue, seeks a minimum of $500 million

The stage is set for any second green bond issue by the province of Ontario. The province, which raised $500 million of four-year debt at 1.75 per cent in October 2014, has announced the lead managers to have an upcoming offering. Given that marketing has started, the deal might be ...

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Barrick Gold Corp is back on top as Canada’s best-performing stock and the world’s most valuable gold company

Barrick Gold Corp. has surged to become Canada’s best-performing stock as a two-month rally within the rare metal gives added lift to the company’s turnaround efforts. Barrick’s shares are up 29 per cent this year in Toronto, which makes it the best-performing stock on the Standard & Poor’s/TSX Composite Index. ...

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Dividend pause at Rogers Communications Inc a sign of debt-equity tug of war

In a period where credit spreads are beginning to widen, Rogers Communications Inc. surprised the market Wednesday if this decided to keep its quarterly dividend unchanged therefore it could reduce its debt load instead. Its class B shares tumbled 5.4 per cent Wednesday, and fell further on Thursday. Equity analysts ...

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Pivot’s nemesis Torrent Capital presents alternative plan that would benefit all shareholders

The war of words between Torrent Capital, a significant shareholder in Pivot Technology Solutions, and also the company about how exactly best to proceed considering a proposed going private transaction continues. Torrent fired the most recent salvo this week C the 3rd it’s made since Pivot announced its share exchange ...

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‘Currency instability’ now a serious concern for Canada

TORONTO ? Canada’s economy is being threatened by “currency instability” as the loonie’s rapid decline from the U.S. dollar is hurting business and consumer confidence, economists warn. What coping with a minimal dollar means to ordinary Canadians Jack Mintz: Canadians now desire to make $100,000 a year to make the ...

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TSX, Wall Street rise along with oil prices

TORONTO – Canada’s main index gained ground for that third straight day, riding a wave of rising oil prices. The S&P/TSX composite index was up 214.16 points at 12,591.93 for any cumulative gain during the last three days of nearly 450 points. The oil-sensitive Canadian dollar was also trading higher, ...

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Trican Well Service Ltd’s sale of U.S. unit prompts stock upgrade by analysts

Analysts liked Calgary-based fracking company Trican Well Service Ltd.’s sale of its U.S. pressure pumping business, that the oilfield services provider announced Tuesday. Trican, once among the largest pressure pumping companies in Canada, sold its U.S. division towards the Houston-based, privately held Keane Group for $285 million, along with a ...

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TV pressures trump ‘Star Wars: The Force Awakens’ for Disney shares

The success from the December movie hit “Star Wars: The Force Awakens” catapulted Disney world Co. to its best quarter in company history, posting record profits and attendance statistics for its theme parks. And yet, shares of the Burbank, Calif., media giant dropped 3.2 per cent to US$89.40 on Wednesday at 2:30 p.m. ET. In fact, ...

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Samsung joins Apple in warning of gloomy 2016 for technology

Samsung Electronics warned of slowing demand and economic turbulence after its quarterly earnings missed analysts’ estimates, joining Apple in foretelling a downbeat 2016 for that technology sector. Apple Inc CEO Tim Cook seems just a little freaked out by the global economy What’s keeping the CEO of the company that ...

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Canadians’ household debt climbs to highest in G7 in world-beating borrowing spree

OTTAWA – Canadian households are carrying the largest debt-to-income loads within the Group of Seven, the federal budget watchdog says – and that burden is likely to get even heavier. Canadians have piled up the largest increase in debt-to-income within the G7 since 2000, based on a brand new report ...

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