Toscana Energy said that Anand Ramnath has been named as chief financial officer with effect from March 18, 2016. Ramnath, with more than 19 years of experience in financing and accounting, has been the acting chief financial officer of Toscana from July 31, 2015.
Canada
Canada PM Justin Trudeau Announces $1.8 Billion Investment Package to Boost Canada's AI Sector
Much of the investment is directed towards improving Canada's computing and technology infrastructure, which will benefit AI researchers and startups.
Justine Trudeau Introduces 'Online Harms Act' To Regulate Content On Facebook, YouTube and Other Platforms
The Online Harms Act mandates internet platforms to regulate and remove harmful content, drawing parallels with European initiatives.
Canadian Payments: What Businesses Need To Know
The Canadian payments landscape has been undergoing significant changes in recent years, with new payment technologies emerging and traditional payment methods evolving. As a business owner, it's crucial to stay informed and up-to-date on the latest developments in Canadian payment processing to ensure the smooth and efficient operation of your business. In this article, we'll explore what businesses need to know about Canadian payment processing companies and the various payment options available to them.
Marijuana Investment Rises Up In Canada
With listed potentials, Marijuana investment is a good thing especially in Canada. The industry in Canada is attracting investors eager to capitalize on the flourishing "green rush.
Latest News
Canadian students can now receive more grants as the government’s first budget revealed more financial aids for post-secondary students. In addition, graduates will not be demanded to pay students loan back until they make $25,000 a year.
Pacific Exploration & Production Corp is actively examining six buyout offers. The Canada-listed company is in the process of avoiding bankruptcy. The company's board is likely to take its final decision by this weekend.
TransCanda has announced on Thursday its acquisition of Columbia Pipeline for $13 billion in total, enabling the energy giant to represent itself as a dominant player in the businesses of natural gas across the North America. The deal appears following a series of announcement for merger in the energy sector including $2.3 billion deals in 2016.
Wall Street faced slight losses in the stock market on Monday as the drop in oil price burdened energy stocks. Investors are shying away from these energy stocks owing to the fall in crude prices.
Justin Trudeau, the new Prime Minister of Canada, has ruled out any possibility of new stimulus funds as new budget deficit is expected to be C$30 billion ($22.5 billion). Canada’s Finance Minister Bill Morneau will present the budget on 22nd of March 2016.
Drug maker Valeant Pharmaceuticals International Inc is facing a variety of problems. Valeant has changed its aggressive investment strategy and turned keen on research and development. Valeant is also facing Federal investigation over its pricing strategies.
Exxon Mobil Corp's Canadian unit is selling its retail gas stations in the country to five fuel distributors for C$2.8 billion ($2.1 billion). The transaction is expected to be completed by end of 2016 subject to the regulatory approvals.
Imperial Oil has entered into an agreement to sell its 497 Esso retail fuel stations for about C$2.8 billion. This transaction reflects the company's aim to widen its refining and oil sands businesses.
All the major European banks are either shrinking their businesses or just pulling out from the US market. Ignoring the market odd, RBC has strengthened its operations in the less competitive market and capable of getting enlisted among the ten largest US banks. Getting inspired, RBC plans for further strengthening its US investment arm.
