The Alberta Investment Management Corp.’s risk management controls were “unsatisfactory” and a culture change is needed at the public pension manager, according to a report on what led to $2.1 billion in losses at the Crown corporation.Read more
CALGARY — Oil companies that have committed to ship their crude on the US$14.4-billion Keystone XL pipeline will be on the hook for millions in contingency payments to TC Energy Corp. if the pipeline is cancelled, the Financial Post has learned.Read more
Today, we launch an all-new website for the Financial Post, based on the feedback we’ve had from readers like you.
You’ll notice a fresh look and feel. We’ve also completely rebuilt what’s under the hood to help you discover and engage with more of the stories that matter to you.Read more
The chief executive of Canada’s biggest bank suggested Thursday that politicians shouldn’t try to immediately recover the massive amounts being spent in response to the coronavirus pandemic with taxes, but should instead use the moment to try to attract investment and incentivize business creation.Read more
CALGARY — Norway’s move to stimulate its oil and gas industry with tax breaks and new exploration blocks in the Arctic after its sovereign wealth fund divested from Canadian companies has once again angered Alberta’s politicians.Read more
BANFF — The last few times Brigitte and Francis Hopkins closed The Grizzly House restaurant on Banff Avenue was when they got married or for brief repairs.
But after being shut down for months as the coronavirus raged, the fondue restaurant’s doors appear to have reopened into a new era.Read more