OTTAWA -- Bank of Canada governor Stephen Poloz says he needs to keep interest rates at historically low levels to head off the risk of a deflationary trap that would have dire consequences for the Canadian economy.
Cenovus Energy Inc., a major developer of Alberta oilsands properties, plans to reduce its capital spending by 13 per cent next year to $2.8 to $3.1 billion, it announced Thursday.
TORONTO/WINNIPEG (Reuters) - The Canada Pension Plan Investment Board (CPPIB) said on Thursday it had agreed to acquire the assets of Assiniboia Farmland, a fund that owns and manages a large portfolio of farmland in Saskatchewan, for about ...
Shares of Iamgold Corp. (IMG-T) fell eight percent after the gold producer suspended its dividend to conserve cash. Toronto-based Iamgold is the latest gold company to hack its dividend amid a nearly 30-percent drop in the price of gold.
Ottawa startup Shopify, which makes software used by thousands of businesses to sell their products online, has raised $100 million to expand its software for retailers to use in their physical stores.