Canada's Penn West Petroleum Ltd. cut its 2015 capital budget for the third time this year, suspended its dividend and said it would lay off about 35 per cent of its work force as it copes with the slump in crude oil prices.
TORONTO - Canadians on average are socking away more money for potential financial emergencies than in the past, but a new survey has found that almost a quarter are still living paycheque to paycheque.
OTTAWA - Canada's current account deficit narrowed slightly in the second quarter of 2015 to $17.4 billion on more favourable trade in goods and services, Statistics Canada said on Monday.
A city councillor is wondering what the provincial deficit could mean for infrastructure projects in Calgary. Alberta deficit forecast at $5.9B as province feels impact of low oil prices.
TORONTO - A former clerk at the Rouge Valley Hospital in the Greater Toronto Area has pled guilty to copying the personal data of maternity patients and selling them to Registered Education Savings Plan (RESP) representatives.