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Toronto, Ontario
Reporter, Financial Post — National Post
As seen in:  National Post, Vancouver Sun

Reporter for the @financialpost, business section of the @nationalpost. Write about investing and economics. Based in Toronto.

Canadian dollar hits five-year low as oil slump saps confidence — The Canadian dollar reached a five-year low Thursday on speculation a slump in crude oil, the nation's biggest export, will sap economic growth. The currency declined for a second day as crude traded almost 20 per cent below the $80 a barrel level the International Energy Agency says about one-quarter of Canadian producers need to turn a profit.

TSX plunges as oil prices retreat on weak China data — The Toronto stock market plunged almost 300 points by mid-morning Monday with energy stocks taking a pounding after weak Chinese trade data raised a fresh round of concerns about oil demand. The S&P/TSX composite index tumbled 292.33 points to 14,181.37 on top of a slide of almost two per cent last week.

TSX plunges as oil prices retreat on weak China data — The S&P/TSX Composite Index experienced its biggest one-day loss in more than three years Monday as investors piled out of Canadian stocks in a broad-based selloff. The TSX was down 351.53 points to 14,122.17 in late afternoon trading, with the biggest decline in energy and financial stocks.

Norbord Inc to buy Ainsworth Lumber Co for $763-million to create global leader in strand boards — Investors will receive 0.1321 of a Norbord share for each Ainsworth share, the Canadian companies said Monday in a statement. Both Norbord and Ainsworth are controlled by Brookfield Asset Management Inc., which will own about 53 per cent of the newly merged company. Norbord operates seven North American mills and four plants in Europe.

Are oil stocks actually a bargain right now? — The Financial Post takes a weekly look at the tools and strategies that will help make your investment decisions. This week: are oil price stocks actually cheap? With the collapse in oil prices this year, energy stock valuations have naturally attracted a lot of attention.

Bond markets to get rude awakening in 2015: CIBC — It's been a good year to be a U.S. or Canadian bond investor, but that could end next year, says CIBC World Market's chief economist. Ten-year notes in Canada currently yield just over 2%, while the 10-year Treasury yields about 2.36%, not far off the record lows seen in 2012 during the height of the European sovereign debt crisis.

How can Wall Street keep winning when the rest of the world keeps losing ground? — NEW YORK - The buzz word "decouple" is making a comeback. In its previous major moment in the sun, the word was used to describe hopes that emerging markets could continue to run despite the damage from the 2008 U.S. financial crisis.

OPEC delegates start output cut chatter — A subtle shift may be taking place within OPEC as it heads into its most important meeting in years, according to delegates with the producer group, as the discussion over whether it needs to cut output to defend oil revenues quietly intensifies.

How close is Russia to a full-blown financial crisis? — As the central bank of Russia appears to be losing control of its currency market, the global financial media is warning about a possible financial crisis there. Some experts have even drawn parallels to August 1998, when a Russian default caused global economic and financial disruptions.

SNC-Lavalin Group Inc to cut 4,000 jobs, cuts earnings forecast — MONTREAL - SNC-Lavalin says it will reduce the company's global workforce by 4,000, or nine per cent of the total, over an 18-month period starting in 2015. The Montreal-based engineering and construction company (TSX:SNC) says the job cuts are part of its ongoing efforts to get out of underperforming business segments.
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Dec 19, 2014

#thefuture "This is the first time an object has been designed on Earth and transmitted to space for manufacture."…

Dec 11, 2014

RT @michaelsderby: Bank of Canada boss Poloz says Bitcoin is no challenge to government-created money, calling the crypto-money "a very unreliable currency.”

Dec 10, 2014

"What he did is something no psychologist should do."Surreal interview with the creator of the CIA's torture program…

Dec 10, 2014

OPEC says demand for its oil next year is expected to be weakest in 12 years.…

Dec 04, 2014

Important investigative work here: did Kevin from Home Alone grow up to be Jigsaw?

Dec 04, 2014

Industry Canada approves Burger King deal to buy Tim Hortons, company to list on TSX.…

Dec 04, 2014

Toronto is no longer the centre of the universe: How Canadian corporate power is making a big shift westward.…

Nov 28, 2014

RT @crudereporter: "our forecasters are telling us a low #oil price environment may not be short term" @JimPrentice said just now

Nov 27, 2014

RT @baldersdale: #OPEC Venezuela Ramirez storms out red faced. Looked furious.

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