Industry News

Expect oil prices to double by 2012: Rubin

If you think oil prices are high now, just wait four years. Jeff Rubin, a leading economist at CIBC World Markets, expects oil prices to nearly double by 2012. The increase will happen, he says, primarily because of supply issues. “Our latest review of supply suggests oil production will hardly grow at all, with average […]

By Bryan Borzykowski |April 24, 2008

3 min read

Judge paves way for

Justice Campbell, who has overseen the Companies’ Creditors Arrangement Act (CCAA) protection for all of the frozen ABCP, had the power to delay or allow amendments to the restructuring proposal put forth by the Pan-Canadian Committee, headed by Purdy Crawford. There are an estimated 200 institutional noteholders with about $5 billion in ABCP that are […]

By Mark Noble |April 24, 2008

3 min read

Briefly:

(April 23, 2008) TSX Group has announced that a business development delegation, led by senior vice-president Richard Nadeau, will set out to develop stronger business ties with China in mid-May. The purpose of the visit is to continue to promote Canada as a strong player and destination marketplace in the international capital markets arena. “We […]

By Staff |April 23, 2008

4 min read

Alberta hands down spending-heavy budget

The Alberta budget might be entitled “The Right Plan,” but it should have been named “The Spend Plan.” The first budget under provincial Tory leader Ed Stelmach calls for record spending of $37 billion. “It’s a spending budget, admittedly,” Finance Minister Iris Evans told reporters beforehand. Most of the money the government will dole out […]

By Bryan Borzykowski |April 23, 2008

3 min read