CALGARY — Suncor Energy, Canada’s biggest oilsands player, has posted a net loss of $2 billion for the final three months of 2015 as it was walloped by the steep drop in crude prices. In addition to the oil price collapse, Suncor’s (TSX:SU) bottom line was dragged down by nearly $1.6 billion in impairment […]
Toronto Business Posts
It’s a correction, not a collapse, is Bank of Canada’s message
On another day, the Bank of Canada’s decision to leave a key interest rate unchanged at 0.50 per cent might have sent the dollar and markets higher. But the decision Wednesday was overwhelmed by more global angst and both went lower, though the dollar stood mostly firm in the face of overwhelmingly negative sentiment. […]
BMO rolls out robo-adviser for tech-savvy investors
The Bank of Montreal has launched an online portfolio manager, making it the first of the big five Canadian banks to offer a “robo-adviser.” The SmartFolio service is a financial advice service that interacts with customers online, directing them to a portfolio of exchange-traded funds depending on their answers to its series of questions about […]
As loonie slides, costs of fresh fruits and vegetables expected to rise
The sliding loonie could make it harder for some Canadians to eat their Florida oranges or California heads of lettuce this year. The dropping dollar, which is hovering just above the 70-cent U.S. mark, is expected to continue to leave shoppers with bigger grocery bills, especially when it comes to buying fresh fruit and […]
Economists at Canada’s big banks predict bad Canadian economy in 2016
Canada is headed for a rocky year in 2016 as low oil prices continue to drag on economic performance, the chief economists of some of Canada’s biggest banks said Tuesday. Bank of Montreal chief economist Douglas Porter told a morning gathering of leading economists that it’s going to be a “very close call” whether […]
