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Complacency, competition, and Canada’s productivity crisis + MORE Oct 10th
A senior official at the Bank of Canada is calling for more competition in the banking sector to better serve Canadians and the economy. Senior deputy governor Carolyn Rogers laid out her case for a more competitive Canada in a speech at the Canadian Club in Toronto on Thursday morning. Rogers sound.... More »
Bill Morneau didn’t place assets in blind trust, raising conflict-of-interest risk + MORE Oct 16th
Finance Minister’s office, ethics czar won’t reveal whether Morneau has sold shares in family firm
.... More »
Investing with your gut + MORE Jul 20th
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Most Canadians are boring investors; they sock their money away in plain vanilla mutual funds or Exchange Traded Funds (ETFs) inside of Registered Retirement Savings Plans (RRSPs) or Tax Free Savings Accounts (TFSAs). And that’s exactly how it should be—saving for retirement isnâ€.... More »
RRSP or TFSA? Here’s the simple and definitive answer Jan 14th
Should you save for retirement in an RRSP or a TFSA? For many high earners, an RRSP is your best bet, writes David Aston.... More »
What is growth investing? Nov 3rd
If you’re the type of investor who is attracted to stocks that have the potential for outsized returns, then growth investing—whether through individual stocks, ETFs or a combination—might be the right fit for you. Growth investors look for companies with above-average growth prospects in thei.... More »
Calgary-based Cenovus Energy says it will spend $17.7 billion to acquire most of the Canadian assets of ConocoPhillips, making the Houston-based company the latest international player to exit the oilsands.
McGill University campus is seen Tuesday, June 21, 2016 in Montreal. The author of a controversial article about Quebec that appeared in Maclean’s magazine this week has stepped down from his post at McGill University.Andrew Potter said in a social media post Thursday his resignation as director of the Institute for the Study of Canada was effective immediately. (Paul Chiasson/CP)Here’s a highly provocative thing to say at this juncture: Maclean’s and McGill University, not so different.
We’re both in the business of ideas. We both like to stock our ranks with extraordinarily smart people who have interesting theories, opinions, approaches and ways of looking at the world. We probe, we investigate, we accumulate knowledge and facts, all in the name of higher ideals. For McGill, those higher ideals are education, knowledge, excellence. For Maclean’s, they are journalism, democracy, civil engagement.
We’re both in the business of the passionate pursuit of truth. But last week McGill chose a different—and in our view deeply troubling—path…
Why buying Maple Leaf Foods stock is becoming a riskier bet
– theglobeandmail.com
After a successful restructuring, the company is moving into ‘alternative’ proteins, but is the stock’s valuation getting ahead of itself?
Public investment and the innovation agenda
– theglobeandmail.com
The federal government is moving in the right direction, but must take longer-term public-equity stakes to reap the rewards and anchor footloose investments
Cenovus Energy is buying ConocoPhillips’ Canadian assets for $17.7 billion
– canadianbusiness.com
CALGARY — Cenovus Energy (TSX:CVE) announced Wednesday it will spend $17.7 billion to acquire most of the Canadian assets of ConocoPhillips, making the Houston-based company the latest international player to reduce its exposure to the oilsands.
Cenovus CEO Brian Ferguson called it a “transformational acquisition” for the Calgary-based company.
“The purchase of these assets is consistent with Cenovus’s existing strategy and core competencies,” Ferguson said in a statement.
“Consolidating our ownership at Foster Creek, Christina Lake and Narrows Lake has consistently ranked as our best strategic opportunity to increase leverage to a portfolio of top-tier oilsands assets.”
The deal, which was announced after the close of markets, includes ConocoPhillips’s 50 per cent interest in the FCCL Partnership, an oilsands venture between the two companies in northern Alberta, as well as the majority of ConocoPhillips’s Deep Basin conventional assets in Alberta and British Columbia…
Cenovus CEO Brian Ferguson called it a “transformational acquisition” for the Calgary-based company.
“The purchase of these assets is consistent with Cenovus’s existing strategy and core competencies,” Ferguson said in a statement.
“Consolidating our ownership at Foster Creek, Christina Lake and Narrows Lake has consistently ranked as our best strategic opportunity to increase leverage to a portfolio of top-tier oilsands assets.”
The deal, which was announced after the close of markets, includes ConocoPhillips’s 50 per cent interest in the FCCL Partnership, an oilsands venture between the two companies in northern Alberta, as well as the majority of ConocoPhillips’s Deep Basin conventional assets in Alberta and British Columbia…
