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After Buffett's LNG exit, industry watchers wonder who's left to invest in Canada
After Buffett's LNG exit, industry watchers wonder who's left to invest in Canada

After Buffett's LNG exit, industry watchers wonder who's left to invest in Canada

Banking 30 January, 2023 4:23 PM

In addition to Berkshire Hathaway, Gingrich said there’s been a long list of foreign strategic investors pull out of planned investments in proposed LNG projects in Canada in recent months and years, including Chevron Corp., Woodside Petroleum Ltd., Exxon Mobil Corp., CNOOC Ltd. and Petronas Bhd., which shelved its Pacific NorthWest LNG project to buy a smaller stake in a project led by Royal Dutch Shell plc.

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GICs are 'enticing' but only for shorter terms, says money manager
GICs are 'enticing' but only for shorter terms, says money manager

GICs are 'enticing' but only for shorter terms, says money manager

Banking

With return rates for Guaranteed Investment Certificates (GICs) now above five per cent and interest rates widely thought to have potentially peaked, some investors might be considering locking in those high returns.

Imperial Oil to spend $720M building Canada's largest renewable diesel facility
Imperial Oil to spend $720M building Canada's largest renewable diesel facility

Imperial Oil to spend $720M building Canada's largest renewable diesel facility

Banking

Imperial Oil (IMO.TO)(IMO) says it will invest $720 million to advance its Strathcona renewable diesel facility near Edmonton.

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Goldman Sachs loses profit after hits from GreenSky, real estate
Goldman Sachs loses profit after hits from GreenSky, real estate

Goldman Sachs loses profit after hits from GreenSky, real estate

Goldman Sachs

Second-quarter profit fell 58% to $1.22 billion, or $3.08 a share, due to steep declines in trading and investment banking and losses related to GreenSky and legacy investments that shaved about $3.95 from earnings a share. Revenue fell 8% to $10.9 billion.

The manner in which the United States established an economy based on fees of questionable value
The manner in which the United States established an economy based on fees of questionable value

The manner in which the United States established an economy based on fees of questionable value

The White House reports that Americans are collectively expending almost $65 billion on concealed fees. These "junk fees," referred to as convenience fees or service fees, have become pervasive across various sectors, such as banking, telecom, entertainment, and hospitality.

Savings account interest rates are at 15-year high, but only fewer Americans are benefiting
Savings account interest rates are at 15-year high, but only fewer Americans are benefiting

Savings account interest rates are at 15-year high, but only fewer Americans are benefiting

Banking Savings Account

Savings returns are expected to be the best they have been in 15 years, in part because of the Federal Reserve's recent increase in interest rates as a result of persistent inflation.

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