Finance
Norwegian fund cuts four Canadian oil sands firms
Has reduced its tolerance threshold for companies with interests in the oil sands from 30% to 5%.
Premier Kenney says results of panel on Alberta finances coming in September
Kenney says he expects the panel will report that Alberta’s economy is spiralling down.
Bank of Canada to take over key interest rate benchmark for financial markets
The central bank says it will take over the administration of the Canadian Overnight Repo Rate Average, from financial markets data firm next year.
Poloz says stimulative rates needed for temporary soft patch
The central bank left its interest rate unchanged last month.
Sony quarterly profit rises on games, financial services
In recent quarters, Sony’s PlayStation 4 video game operations, especially software sales, have been doing well.
DavidsTea says unhappy shareholders have withdrawn lawsuit against co-founder
The lawsuit filed in July sought to have Herschel Segal removed as executive chairman.
Maker of James Bond’s favourite sports car eyes stock market
Aston Martin could release details of potential IPO in September.
Finance ministers to press Morneau about opting out of controversial tax change
Critics warn it will unfairly pile on significant costs for small business owners.
Bank of Canada keeps key interest rate target on hold at 1.25%
Next scheduled rate decision set for July 11.
Bank breaches highlight rise of cyber threats as new exploitation strategies emerge
BMO and CIBC-owned Simplii were apparently targeted.
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Tax rules tightened for small businesses and passive income in budget
Morneau still faces the challenge of corporate tax cuts in the US prompting companies to invest there instead of Canada.
Key budgetary goal to help women enter work force would lift economy: analysis
Options include narrowing pay equity gap, more gender equality in boardrooms, easing access to capital for female entrepreneurs.
Bank of Canada underlines NAFTA risks as it hikes interest rate
Strong economy cited, but trade deal uncertainties cast a widening shadow over its outlook.
Trudeau to focus on economic agenda in 2018, with ethics flap behind him
Expect a budget that emphasizes investments in infrastructure and preparing Canadians for a changing economy.
Saskatchewan deficit down slightly, but contingency fund gone
Will bring in $53 million less than anticipated in March from taxes and non-renewable resources.
