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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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Saudi Arabia takes step to join China-led security bloc, as ties with Beijing strengthen
Saudi Arabia’s cabinet on Tuesday approved a memorandum awarding Riyadh the status of dialogue partner in the Shanghai Cooperation Organization. The SCO is a political, security and trade alliance that […]
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Lucid to cut 1,300 workers amid signs of flagging demand for its EVs
Lucid said in a regulatory filing that it is cutting about 18% of its workforce, or roughly 1,300 workers. In a letter to employees, CEO Peter Rawlinson said the job […]