Financial Post

The Financial Post delivers all the news and analysis you need to operate in today's competitive business environment. The Post's team of reporters cut through the noise and deliver the facts you need to make the right decisions - fast. If you're looking for incisive business commentary, you'll find it here. The Financial Post boasts Canada's most respected business voices including Terence Corcoran, Diane Francis, Barry Critchley and Theresa Tedesco.
Gold Prices

Inglorious writedowns: Gold sector’s bad bets wiping out lifetime earnings — and investor confidence

Inglorious writedowns: Gold sector’s bad bets wiping out lifetime earnings – and investor confidence

TORONTO – Goldcorp Inc. could soon join an inglorious group: large gold miners that have a net loss to show for their entire history as corporate entities. The Vancouver-based company warned this week that it expects to record an impairment charge of US$2.3 billion to US$2.7 billion on its Cerro Negro mine in Argentina. Given that…

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Oil Price Plunge At Worst Could Wipe Out Earnings Growth At Canada’s Big Banks: BMO

Oil price plunge at worst could wipe out earnings growth at Canada’s big banks: BMO

On Friday Sohrab Movahei, John Fong and Jennifer Kao, all with BMO Capital Markets, issued their third report in the past month on banks, oil prices and lending to the oil and gas sector. Friday’s report titled “A look at the oil and gas lending activity of the Canadian banks” concluded that in the absolute worst…

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reminiscences of a stock operator pdf

Valeant Pharmaceuticals Inc moves on after Allergan, Bill Ackman ‘speedbump’

Valeant Pharmaceuticals Inc moves on after Allergan, Bill Ackman ‘speedbump’

There is life after Botox, according to the chief executive of Valeant Pharmaceuticals International Inc. Love him or hate him, Bill Ackman now runs the world’s top hedge fund Here’s the story of how Bill Ackman built Pershing Square into the top hedge fund in the world, with more than US$18 billion to work with In…

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Oil Prices Are Making Housing Forecasts A Tough Call In Alberta

Oil prices are making housing forecasts a tough call in Alberta

Plunging oil prices have made it almost too difficult to predict what will happen in the Calgary housing market, according to a new real estate forecast. As Vancouver home prices surge out of reach, businesses worry how to retain staff Business groups are raising the alarm about Vancouver’s ability to attract and retain the talent needed…

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Oil price

With King Abdullah In Hospital, ‘Nervous’ Saudis Fret Over Leadership Transition Amid Oil Price Turmoil

With King Abdullah in hospital, ‘nervous’ Saudis fret over leadership transition amid oil price turmoil

As the 90-year-old king of Saudi Arabia lingers in hospital, the kingdom is bracing itself for a possible change in leadership, right at the moment the world’s largest oil exporter is learning to cope with crude prices that have lost 50% of their value within the past six months. And the looming potential for shifts in…

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reminiscences of a stock operator pdf

‘No White Knight Coming’: Distressed Natural Gas Producers Hunker Down Amid New Energy Reality

‘No white knight coming’: Distressed natural gas producers hunker down amid new energy reality

Four months ago Michael Binnion had plans to virtually quadruple his company’s natural gas production and drill wells in its Montney land over the next two years. But as natural gas prices have collapsed, so too have his expansion plans. “We cancelled all of that. We are cutting all discretionary spending,” the president of junior company…

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Alberta Oil Job Losses Will Benefit Ontario, Manitoba, Quebec

Alberta oil job losses will benefit Ontario, Manitoba, Quebec

OTTAWA – With the bottom falling out of oil prices – and shaving Canada’s growth forecasts for this year and beyond – the markets are now waiting for the other economic shoe to drop: employment. But while activity in the energy sector will be curtailed, and jobs eliminated, non-oil-dependent regions of Canada, such as Ontario, are…

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The Coming Showdown Between Canadian And Saudi Oil Producers On The U.S. Gulf Coast

The coming showdown between Canadian and Saudi oil producers on the U.S. Gulf Coast

CALGARY – A fight between Canadian and Saudi Arabian oil producers is expected to play out on the U.S. Gulf Coast during the course of this year, as the two countries battle for market share in the world’s largest refining district. The fight could help keep oil prices depressed for another six months. ‘The glut is…

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reminiscences of a stock operator pdf

Two Longtime Tim Hortons Executives Step Down Abruptly After Burger King Takeover

Two longtime Tim Hortons executives step down abruptly after Burger King takeover

TORONTO – Less than a month after Tim Hortons Inc. and Burger King merged into Restaurant Brands International Inc., two longtime Tims executives have abruptly resigned from their new roles in the company. The departures of Tim Hortons veterans Mike Meilleur, recently named president of Tim Hortons U.S., and Scott Bonikowsky, the chief communication and corporate…

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reminiscences of a stock operator pdf

Layoffs Loom In Alberta’s Oil Patch

Layoffs loom in Alberta’s oil patch

CALGARY – It’s been years since David Yager has seen multiple “For Sale” and “For Rent” signs in Fort McMurray, the northern Alberta city that is usually crawling with workers from across Canada looking to make a buck in the oilsands boomtown. In times when the province’s unemployment rate plunged below 4%, workers paid exorbitant rents…

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Liquid alternatives

The liquid alt market is no plain-vanilla investment

The liquid alt market is no plain-vanilla investment

The ongoing evolution of the so-called liquid alternatives market continues to improve access to popular hedge fund strategies such as long/short, market neutral and managed futures for Canadian investors and the timing couldn’t be better with volatility set to rage in 2015. Many global strategists are touting the benefits of alternative asset strategies heading into the…

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Where David Rosenberg Thinks You Should Invest In 2015

Where David Rosenberg thinks you should invest in 2015

U.S. equities may be expensive, but David Rosenberg thinks they still look attractive relative to treasuries and bond yields. The chief economist and strategist at Gluskin Sheff + Associates reminded clients that everything is priced off the bond curve, so if stocks are expensive, it’s only because the treasury market is “massively richly priced as the…

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Gold mine economic impact featured

Canadian miners brace for ‘knife fight’ after year of dumping assets at fire-sale prices

Canadian miners brace for ‘knife fight’ after year of dumping assets at fire-sale prices

The mining business has a long history of companies grossly overpaying for assets. But no one will accuse George Dethlefsen of that crime. Junior miners ‘starting to disappear’ as grim market reality takes hold The junior mining sector is in such brutal shape right now that most companies are unwilling to even pay for booths at…

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Darwinian M&A Process Oilpatch 1

Darwinian M&A Process In Oilpatch May Be Accelerated In 2015

Darwinian M&A process in oilpatch may be accelerated in 2015

This year saw record mergers and acquisitions in the Canadian oilpatch, and it could be more of the same in 2015 as low commodity prices entice cash-strong companies to pick up distressed assets, according to analysts. Just under US$63 billion was deployed in M&A activity in Canada by December 22, four times the value of deals…

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