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Trump administration sets meetings with oil companies over Venezuela, source says - Reuters + MORE Jan 5th
Trump administration sets meetings with oil companies over Venezuela, source says ReutersOpinion: Guns and oil: Trump’s global power with Venezuela’s reserves at his side will be formidable The Globe and MailTrump’s plan to seize and revitalize Venezuela’s oil industry .... More »
6 partial bitumen upgrading projects worth $5B on shortlist for Alberta government support, Notley says + MORE Nov 22nd
Alberta Premier Rachel Notley says her government is close to finalizing investment deals on six projects for partial upgrading of oilsands bitumen that will be worth nearly $5 billion and create hundreds of long-term jobs..... More »
WTI oil price moves above Brent amid gloomy outlook from OPEC + MORE Dec 23rd
Oil prices rebounded from their six-year low on Wednesday after a fall in U.S. crude inventories, helping to lift both the TSX and the Canadian dollar..... More »
Investment uncertainty won’t scare Shell away, Canadian boss says + MORE Jun 7th
Michael Crothers says higher costs from climate-change policies that’ve helped Alberta and Canada’s environmental image are ‘manageable’
.... More »
Dream Office REIT selling Scotia Plaza stake, other assets for $1.7-billion + MORE Jun 23rd
The Toronto-based real estate investment trust says it will use some of the proceeds to buy back and cancel $440-million worth of its investment units
.... More »
Export Development Canada will be providing financial assistance to European telecom giant Vodafone, which the Canadian government agency notes is an important customer of BlackBerry.
WASHINGTON — Russia’s suddenly escalating financial crisis risks spilling beyond its borders and endangering parts of the global economy.
With economies in Europe, Japan, China and Latin America already ailing, fresh threats have emerged from Russia’s shrivelled currency, its move to dramatically boost interest rates, the damage from plummeting oil prices and Western sanctions over Russia’s action in Ukraine.
The alarming 10 per cent drop in the ruble over the past two days has amplified the economic turmoil in Russia. Investors fear that Russia may default on its foreign debt obligations — a move that would inflict hundreds of billions in losses on lenders abroad.
Some analysts also worry that tensions will further escalate between Russia and the United States and its European allies that imposed the sanctions. The White House upped the pressure Tuesday when President Barack Obama committed to approving additional sanctions.
Few see President Vladimir Putin as backing down…
With economies in Europe, Japan, China and Latin America already ailing, fresh threats have emerged from Russia’s shrivelled currency, its move to dramatically boost interest rates, the damage from plummeting oil prices and Western sanctions over Russia’s action in Ukraine.
The alarming 10 per cent drop in the ruble over the past two days has amplified the economic turmoil in Russia. Investors fear that Russia may default on its foreign debt obligations — a move that would inflict hundreds of billions in losses on lenders abroad.
Some analysts also worry that tensions will further escalate between Russia and the United States and its European allies that imposed the sanctions. The White House upped the pressure Tuesday when President Barack Obama committed to approving additional sanctions.
Few see President Vladimir Putin as backing down…
The Toronto Stock Exchange closed ahead 156 points or 1.1 per cent on Tuesday, halting the rout that had taken it down 12 per cent since its high in September.
Insurance you need and don’t need
– moneysense.ca
(Paper Boat Creative/Getty Images)Q: What insurance should I get besides life insurance? How do I find the right insurance?—Jizza
A: I think it’s prudent, Jizza, that you are considering your insurance needs. Ignorance is not bliss when it comes to your finances and in particular when it comes to insurance.
I find that, more often than not, the primary focus for insurance needs is life insurance. This focus seems to be that of not only consumers, but also for insurance agents. The resulting risk is that people have the wrong type or amount of coverage or certain types of insurance are outright overlooked.
There is something about the severity of life insurance that makes it seem so important. It’s literally a life or death financial product. Almost anyone who has group benefits has life insurance coverage. And life insurance is definitely the most common policy I see purchased by clients separately from their group coverage.
Disability insurance
I find disability insurance is frequently overlooked when people consider their insurance needs…
China looks to increase investment in central, eastern Europe
– theglobeandmail.com
China sees central and eastern Europe as a potentially lucrative market and bridgehead to the wider EU
