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OPEC+ just made the Fed’s job more complicated. Here’s why they did it — and what could be next
Several OPEC+ members on Sunday announced intentions to voluntarily cut a further combined 1.16 million barrels per day of production, in a move independent from the broader bloc’s output strategy. […] This post is only…
Teck Resources rejects unsolicited acquisition proposal from Glencore
Canada’s Teck Resources Ltd TECK-B-T +0.80%increase said on Monday that its board has unanimously rejected an unsolicited acquisition proposal from Swiss commodity firm Glencore Plc.U.S.-listed shares of Teck rose 10 per cent in […] This post is only…
Rogers takeover of Shaw generates substantial fees for lawyers, financial advisers
Rogers Communications Inc. RCI-B-T -2.88%decrease paying $20-billion to buy Shaw Communications Inc.SJR-B-T +3.27%increase is among the largest ever made-in-Canada corporate takeovers, but the windfall for the many bankers, lawyers and other professionals who advised on […] This post is only…
Oil prices surge 5% after OPEC’s surprise output cut; analysts warn of $100 per barrel
Oil prices soared as much as 8% at the open after OPEC+ announced it was slashing output by 1.16 million barrels per day. The voluntary cuts will start from May […] This post is only…
OPEC+ announces surprise cuts of around 1.16 mbpd from May to year-end
DUBAI (Reuters) – Saudi Arabia and other OPEC+ oil producers on Sunday announced further cuts in their production amounting to around 1.16 million barrels per day in a surprise move […] This post is only…
Dollarama profit jumps nearly 19% as high inflation drives Canadians to discount retailer
Canada’s main stock index extended gains on Wednesday, helped by energy stocks, while discount store chain Dollarama advanced after posting quarterly revenue above estimates.Dollarama Inc rose 1.2% and hit a […] This post is only…
Federal budget 2023: Ottawa gives $20.9-billion over five years in tax credits to stay competitive with U.S. on clean economy spending
The federal government is banking on a suite of new tax credits, a clean electricity grid and the carbon tax to spur the transition to a clean economy and counter […] This post is only…
Budget targets billions from banks with change to dividend tax
Ottawa is planning to raise billions of dollars from banks and insurers through a change in tax rules on dividends that financial institutions receive from Canadian companies.The Liberal government delivered […] This post is only…
Ottawa loosens fiscal restraints with new spending
Slower economic growth and higher public spending are straining Ottawa’s bottom line, as the Liberal government’s 2023 budget announced billions in new spending on clean technology and an expanded national dental […] This post is only…