European Central Bank offers help to weakening economy

European Central Bank offers help to weakening economy
FRANKFURT — The European Central Bank took unexpectedly quick action Thursday to support a weakening economy, pushing back the earliest date of interest rate increases and announcing a new round of cheap loans to banks. The bank said Thursday after its regular policy meeting that it would not raise rates before the end of this year at the earliest. Previously,... Read More

Canadian Natural Resources raises dividend, reports fourth-quarter loss

Canadian Natural Resources raises dividend, reports fourth-quarter loss
CALGARY — Canadian Natural Resources Ltd. lost $776 million in the fourth quarter compared with a profit of $396 million a year earlier as it was hit by low prices for Canadian oil. However, the company raised its quarterly dividend to 37.5 per share compared with its earlier payment to shareholders of 33.5 cents per share. Canadian Natural says its... Read More

Nova Scotia to spend $691 million on capital projects in fiscal 2019-20

Nova Scotia to spend $691 million on capital projects in fiscal 2019-20
HALIFAX — Nova Scotia’s Liberal government has announced its largest capital plan since coming to power in 2013, committing $691.3 million for hospitals, schools and highways in 2019-20. The figure is an $86-million increase over last year’s capital budget. Aside from road construction which will take up $300-million, the largest expenditure will go toward health-care projects including $156.9-million for the... Read More