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SNC-Lavalin cleared to continue bidding on government contracts through fraud trial

MONTREAL?- As the storm of legal difficulties hasn’t yet passed for SNC-Lavalin Group Inc., it’s seeing a ray of sunlight after signing an agreement using the authorities?letting it continue bidding on public contracts while the company remains?on trial for fraud and corruption charges. Canada’s largest engineering firm confirmed Thursday it ...

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Global stocks decline with oil, emerging markets darken on looming Fed

In the countdown towards the?Fed decision next week, markets are looking gloomy.?Shares in third world countries are heading for a long slump since June, European stocks are at a two-month low and oil?is going to its worst week since March. Emerging-market equities fell to have an eighth day amid speculation ...

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Two Canadian money managers sign off on Paris Green Bond Summit

Two of 27. The first number represents the amount of Canadian money managers who signed the so-called Paris Green Bond Summit now. The second number represents the amount of global institutional investment managers who signed the same document, released as the Paris Summit or COP 21 winds down. Addenda Capital, ...

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Anglo American plc needs an equity raise now – CIBC

Anglo American PLC has unveiled a change of its group operations, along with several other measures targeted at cushioning the blow from depressed commodity prices. The measures incorporate a reduction in capex, massive staffing cuts, shutting down assets which are free income negative, selling other assets, and suspending its dividend. ...

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What you need to know before markets open

U.S. stock index futures were sharply lower on Friday as crude oil prices hit 7-year lows on growing oversupply concerns. * The sharp drop in oil prices contributes to investor uncertainty as the U.S. Fed prepares to raise rates of interest the very first time since June 2006 at its ...

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Oil shock and data daze: What you need to know before markets open

U.S. stock index futures are slightly up today, but with oil prices under pressure North American markets may be hard pressed to help keep those gains. Markets have had a bruising week as far as equities tracked oil prices. Brent futures are down more than 6 percent now and achieving ...

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Is Manitoba Telecom Services Inc a takeover target?

It’s always been thought that when Manitoba Telecom Services Inc. sold its Allstream division, the remainder of the company would be a takeover target. Now the sale has finally be realized, it puts the kind of BCE Inc., Rogers Communications Inc. and Telus Corp. into the mix as potential suitors. ...

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Oil falls to the lowest since 2008 as OPEC seen fuelling supply glut

Oil declined to the minimum since 2008 working in london amid estimates that OPEC’s decision to effectively scrap production targets will keep the market oversupplied. Brent futures declined as much as 2.1 percent for a sixth consecutive loss.?The global surplus will persist a minimum of until late 2016 as demand ...

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In a market where everything’s going wrong, this Canadian stock is doing everything right

In a regular market where everything’s going wrong, Kinaxis Inc. does everything right. The Canadian cloud software company has surged 147 per cent this year, the best-performance among 232 companies with market values of more than $1 billion. That’s as opposed to the 12 per cent plunge in the nation’s ...

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Dream Industrial REIT downgraded on Alberta exposure

Dream Industrial REIT was downgraded to hold from buy at TD Securities because of its exposure to the weakening Alberta economy. Analyst Sam Damiani noted that Dream includes a fully covered cash distribution yield above nine per cent and the stock is trading at a net-asset-value discount of 23 per ...

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