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 […]
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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 […]
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 […]
Calgary mansion owners get break on tax bills as high-end property values plunge
If you own a mansion in Calgary, there’s good news and bad news today. The good news is you’re likely getting a break on your property taxes. The bad news is that’s because the value of your home likely dropped a lot faster than everyone else’s. More Calgary News | Oilpatch downturn takes toll on Calgary companies […]
Canada sets record for new vehicle sales in 2015
A prominent auto industry analyst says preliminary figures show Canada saw another record year in 2015 for the number of new vehicles sold to consumers. Dennis DesRosiers said 1.898 million new vehicles were sold in Canada in 2015, which he said marked the third consecutive year the country saw a new record set. “All the stars […]
