Oil price stall, global uncertainty prompt caution as oil firms roll out Q3 reports

Oil price stall, global uncertainty prompt caution as oil firms roll out Q3 reports
CALGARY — Higher oil prices are expected to bolster returns as Canadian energy companies report third-quarter results over the next few weeks but observers say a recent stall in the crude price recovery and ongoing oil market uncertainty make any increases in production and spending plans unlikely. Oil prices stabilized in the third quarter with U.S. benchmark West Texas Intermediate... Read More

Brookfield Asset Management to buy 19.9% stake in American Equity

Brookfield Asset Management to buy 19.9% stake in American Equity
TORONTO — Brookfield Asset Management Inc. says it has signed a deal to acquire a 19.9 per cent stake in American Equity Investment Life Holding Co., which specializes in selling fixed index annuities. Under the agreement, Brookfield’s reinsurance and annuity subsidiary, Brookfield Asset Management Partners, will also reinsure up to US$10 billion in American Equity’s annuity liabilities including an initial... Read More