Some Canadian companies start new year with gains from U.S. tax cuts: analysts

Some Canadian companies start new year with gains from U.S. tax cuts: analysts
MONTREAL — Some Canadian companies that earn a high share of their revenues in the United States are starting the new year with the prospect of saving big from a large reduction in the corporate tax rate, say industry experts. New Flyer (TSX:NFI) and Boyd (TSX:BYD.UN), which earn more than 80 per cent of their sales south of the border,... Read More

Alberta carbon tax jumps, but NDP says it’s connected to improving economy

Alberta carbon tax jumps, but NDP says it’s connected to improving economy
EDMONTON — Alberta’s carbon tax jumped on New Year’s Day, but the province’s NDP government maintains the tax played a vital role in Alberta’s improving economic outlook. Deputy premier Sarah Hoffman told reporters there was a clear link between the approval of several pipelines last year and the tax that Alberta first introduced on carbon on January 1, 2017. Hoffman... Read More

Nutrien shares begin trading on TSX and NYSE after Agrium, Potash Corp. merger

Nutrien shares begin trading on TSX and NYSE after Agrium, Potash Corp. merger
SASKATOON — Shares of Nutrien Ltd., the company created by the merger of Agrium Inc. and Potash Corp. of Saskatchewan Inc., started trading on the Toronto and New York Stock Exchanges today. The company traded under the ticker symbol NTR. The merger saw shareholders receive 0.40 Nutrien shares for each common share of PotashCorp they owned and 2.23 Nutrien shares... Read More

Canadian IPOs rebounded in 2017, generating $5.1 billion in proceeds, PwC says

Canadian IPOs rebounded in 2017, generating $5.1 billion in proceeds, PwC says
MONTREAL — PricewaterhouseCoopers says a resurgence in the mining sector in the final months of 2017 pushed total proceeds from initial public offerings in Canada to $5.1 billion last year, up from $466.7 million in 2016. There were 38 issues from Canadian companies or companies listing on Canadian exchanges in 2017. That included 13 in the fourth quarter, which raised a... Read More