CALGARY — Suncor Energy, Canada’s biggest oilsands player, has posted a net loss of $2 billion for the final three months of 2015 as it was walloped by the steep drop in crude prices. In addition to the oil price collapse, Suncor’s (TSX:SU) bottom line was dragged down by nearly $1.6 billion in impairment […]
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RRSPs a blind spot for nearly a third of young Canadians – survey
OTTAWA—Nearly a third of young Canadians admit they are “not at all knowledgeable” about retirement savings plans, according to a survey done for TD Bank. The report also suggested that a large proportion of those aged 18 to 33 are uninformed about what registered retirement savings plans can and cannot be used for. Only […]
Newborns experience ‘too much pain’ during procedures, pediatrics group says
Newborns are experiencing too much pain during routine medical procedures, the American Academy of Pediatrics is warning. In an updated policy statement released Monday, the AAP said pain from these procedures can be significant, especially in premature infants. “Research suggests that repeated exposure to pain early in life can create changes in brain development […]
Canadian dollar slumps, and Stephen Poloz talks negative rates
Canada’s plunging currency was a hot topic this week, as the loonie set a new 11-year low seemingly every single day since Monday. The reasons why Canadian dollar loosing are complex, but they’re very closely tied to the slumping price of oil, which can’t seem to find a bottom. OPEC is pumping more, the IEA […]
How negative interest rates could have a positive economic impact
Normally when you put money in a savings account with a bank, you earn money on that deposit. If you were to deposit $100 at a 0.5 per cent interest rate, for example, you would have $100.50 at the end of the year. A negative interest rate would work the other way — if you […]
