Canada

Results for Canada

Cliffs Seeks Creditor Protection for Quebec Iron Ore Mine

Cliffs Natural Resources Inc. sought creditor protection in Canada for its Bloom Lake iron ore mine, potentially cutting the cost of closing it down, Bloomberg News reported. Bloom Lake General Partner Ltd. and certain affiliates started restructuring pr ...

Daily Headline - global.abi.org - 01/27/2015 - 22:04 - 0 comments

Banks Reach Settlement Over Sino-Forest Stock Sale

A group of Canadian and other investments banks agreed to pay a total of 32.5 million Canadian dollars (US$26.1 million) to settle claims related to their role as underwriters to help Sino-Forest Corp. sell stock, The Wall Street Journal reported. Th ...

Daily Headline - global.abi.org - 01/27/2015 - 22:04 - 0 comments

Canada's Mobilicity To Bid In Upcoming Spectrum Auction

Canadian wireless startup Mobilicity said on Tuesday it will participate in an upcoming government auction of airwaves. The struggling wireless carrier, which sought creditor protection in the fall of 2013, has been trying unsuccessfully to find a buyer ...

Daily Headline - global.abi.org - 01/27/2015 - 22:11 - 0 comments

Southern Pacific Resource Seeks Bankruptcy Protection in Canada

Canadian oil exploration company Southern Pacific Resource Corp. has sought protection from creditors with an insolvency filing under Canada’s bankruptcy law, The Wall Street Journal reported. Southern Pacific Resource said Wednesday it determined th ...

Daily Headline - global.abi.org - 01/22/2015 - 22:27 - 0 comments

Bank of Canada Cuts a Key Rate, Forecasting a Slowdown as Oil Prices Fall

bank reduced the overnight rate to 0.75 percent, from 1 percent. It is the first rate change since ... the International New York Times reported. The central bank reduced the overnight rate to 0 ...

Daily Headline - global.abi.org - 01/21/2015 - 22:37 - 0 comments

KPMG's Monthly Insurance Newsletter - December

At KPMG, we are dedicated to providing our clients with insights on today’s critical business issues. To help keep you up to date, we’re pleased to share with you recent studies, white papers, articles, and multimedia content published by KPMG. Read ...

Resource Article - abi_admin - 01/21/2015 - 11:26 - 0 comments - 0 attachments

Focus on Financial Reporting – 2014 Annual Update

We are pleased to provide you with the 2014 edition of KPMG’s Focus on Financial Reporting. This year witnessed one of the most significant changes to financial reporting in a generation with the FASB and the IASB releasing a converged standard on re ...

Resource Article - abi_admin - 01/21/2015 - 11:07 - 0 comments - 0 attachments

In Surprise Move, Target Exits Canada And Takes $5.4 Billion Loss

Target Corp will exit the Canadian market after less than two years in a surprise retreat that will throw more than 17,000 employees out of work and trigger a $5.4 billion quarterly loss. Shares of the U.S. discount retailer, which was granted creditor p ...

Daily Headline - global.abi.org - 01/16/2015 - 00:36 - 0 comments

Canada’s Banks Try to Downplay Exposure to Energy

Canada’s biggest banks are trying to quell investor concern about their exposures to the energy sector given the plunge in oil prices, The Wall Street Journal reported. Bank stocks have taken a beating on those worries with the S&P/TSX Composite ...

Daily Headline - global.abi.org - 01/14/2015 - 21:17 - 0 comments

Alberta Considers Raising Taxes to Offset Revenue Slump

Alberta’s Premier said Tuesday that collapsing crude-oil prices will hurt the energy-rich Western Canadian province for “several years” and likely force his government to offset mounting deficits by cutting spending and raising taxes, The Wall Street J ...

Daily Headline - global.abi.org - 01/13/2015 - 20:35 - 0 comments

Syndicate content