Tag: Canada

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Alberta wildfires to trim 1.25 per cent off Q2 growth

Alberta wildfires to trim 1.25 per cent off Q2 growth

Alberta wildfires have cut daily crude production by over 1M bpd By Leah Schnurr and David Ljunggren OTTAWA, May 25 (Reuters) – Damage from the Alberta wildfires will shave 1.25 percentage points off economic growth in the second quarter, though a speedy rebound was likely, the Bank of Canada said on Wednesday in a statement […]

May 25, 2016 | By | Reply More
TSX rises to a 7-month high, led by banks and energy stocks

TSX rises to a 7-month high, led by banks and energy stocks

TSX up 97.61 points, or 0.7 percent, to 14,017.19 By Fergal Smith TORONTO, May 24 (Reuters) – Canada’s main stock index closed higher on Tuesday as strength in the financial sector ahead of the bank earnings season helped overcome a slump in shares of gold miners. The TSX, which also received support from the energy […]

May 24, 2016 | By | Reply More
Alberta wildfire may stall Canada’s second-quarter growth

Alberta wildfire may stall Canada’s second-quarter growth

Alberta wildfire may stall Canada’s second-quarter growth By Fergal Smith TORONTO, May 5 (Reuters) – Production cuts in the oil sands forced by a raging Alberta wildfire may cause Canadian growth to stall in the second quarter, economists warned, predicting this would help keep the central bank on hold and weigh on the Canadian dollar. The […]

May 5, 2016 | By | Reply More
Encana posts bigger-than-expected loss and lower output

Encana posts bigger-than-expected loss and lower output

Encana production down by 11 per cent By Nia Williams CALGARY, Alberta, May 3 (Reuters) – On Tuesday, Encana Corp reported a bigger-than-expected quarterly loss, citing persistently low commodity prices that prompted a drop in production, and its shares fell nearly 12 per cent. The company’s total production fell by 11 per cent to 383,400 barrels of […]

May 3, 2016 | By | Reply More
Catherine McKenna says job is keep all aboard for carbon transition

Catherine McKenna says job is keep all aboard for carbon transition

Catherine McKenna spoke at Progress Summit OTTAWA _ Federal Environment Minister Catherine McKenna says her role is as a “kind of convener” among disparate factions of the progressive push for climate policies. McKenna appeared Friday at a panel discussion on environmental policy at the Progress Summit hosted by the Broadbent Institute, a left-leaning think tank. […]

April 1, 2016 | By | Reply More
Oil prices hit US$40 a barrel, loonie surges as U.S. dollar weakness

Oil prices hit US$40 a barrel, loonie surges as U.S. dollar weakness

Oil prices surges Thursday TORONTO _ Enthusiasm over the U.S. Federal Reserve’s decision to go slow on interest rate hikes helped lift the Toronto stock market to a triple-digit gain Thursday amid soaring commodity prices that saw oil finish above US$40 a barrel for the first time since early December. At the close, the S&P/TSX […]

March 17, 2016 | By | Reply More
Keystone XL: Ambrose says Trudeau should have pressed Obama on project

Keystone XL: Ambrose says Trudeau should have pressed Obama on project

President Obama nixed Keystone XL last fall MONTREAL _ It’s very nice that Prime Minister Justin Trudeau was feted in Washington but Canada should hope for concrete benefits from his new relationship with the U.S. president, interim Conservative Leader Rona Ambrose said Monday. Ambrose, who was in Montreal to meet with female business leaders, said […]

March 14, 2016 | By | Reply More
National energy strategy a big win for Alberta’s Notley

National energy strategy a big win for Alberta’s Notley

National energy strategy gives Alberta framework within which to work out compromise between energy development, climate change As of this morning, Canada has a new national energy strategy. Why should anyone care? Because it turns out that if you want to build oil pipelines across the country, politics really really matter. What sort of politics, you ask? […]

July 17, 2015 | By | 1 Reply More
100 scientists are wrong about the Alberta oil sands

100 scientists are wrong about the Alberta oil sands

Coal, not Alberta oil sands, should be focus of scientists’ campaign With all respect to the 100 scientists who released a letter Wednesday calling for a moratorium on new Alberta oil sands development, they are wrong. And they’re wrong even if we concede all of their arguments about the negative effects of climate change and that human activity […]

June 11, 2015 | By | Reply More
Greenhouse gas emissions an economic opportunity?

Greenhouse gas emissions an economic opportunity?

More R&D required to turn greenhouse gas emissions into commercially viable products, technologies The goal of reducing our greenhouse gas emissions gives us an opportunity to search for and develop solutions: both to address our current emissions, and to create new approaches for our economy to produce less or even no carbon dioxide (CO2). To […]

May 25, 2015 | By | Reply More