Business Canada

More

  • The city of North Battleford, which draws its drinking water in part from the North Saskatchewan River, shut its supply intake on Friday and switched to using ground water, provincial officials said in a telephone conference with reporters. The Calgary- based company has shut the line, stopping the leak, and has been working to contain the spill.

  • The city of North Battleford, which draws its drinking water in part from the North Saskatchewan River, shut its supply intake on Friday and switched to using ground water, provincial officials said in a telephone conference with reporters. Water levels rose on Friday, pushing debris into the booms upstream from North Battleford, a city of 14,000, and the oil...

  • TORONTO, July 23- Canada's economy should rebound "over the course of the year" from the impact of a wildfire in its energy heartland, Finance Minister Bill Morneau said on Saturday on the sidelines of a G20 meeting in Chengdu, China. The fire in the province of Alberta is estimated to have cut daily oil production by more than 1 million barrels and the Bank of Canada...

  • TORONTO, July 23- Canada seeks a "strong trade agreement" with a Britain that has voted to leave the European Union, the country's Finance Minister Bill Morneau said on Saturday on the sidelines of a G20 meeting in Chengdu, China.

  • July 22- Efforts to contain an oil spill in a major western Canadian river faced a setback on Friday, after water levels rose, allowing the oil to flow past containment booms and downstream toward a small Saskatchewan city, provincial officials said. The city of North Battleford, which draws its drinking water from the North Saskatchewan River, shut off its supply...

  • TORONTO, July 22- Canada's main stock index hit its highest close in a year on Friday, notching a fourth straight weekly gain as yield-producing telecom and utility stocks found favor, offsetting a plunge in shares of Valeant Pharmaceuticals International Inc.. Its rivals, which have not yet reported second-quarter numbers, also gained, with Telus Corp adding...

  • WASHINGTON, July 22- The Environmental Protection Agency will as soon as Monday finalize a scientific finding that greenhouse gases from aviation endanger human health, obligating the United States to regulate emissions from commercial aircraft, sources told Reuters. The EPA did not immediately respond on Friday to confirm the timing.

  • The company said late on Thursday it shut and isolated a pipeline on its Saskatchewan Gathering System, after roughly 200,000 to 250,000 liters of heavy oil and diluent spilled from the line, running into the North Saskatchewan River. The Saskatchewan government hopes that a boom in the river will seal the spill downstream near the village of Paynton, where the...

  • July 22- Husky Energy Inc, Canada's No. 3 integrated oil company, reported a smaller-than-expected quarterly loss on Friday as its focus on fewer, more efficient resource plays helped reduce production costs. The strong results sent shares up 2.66 percent to C $15.83 on the Toronto Stock Exchange, even as the Calgary- based company rushed to clean up after oil...

  • The effort to unify a patchwork of provincial laws for the capital markets has hit numerous roadblocks in recent years, including a 2011 Supreme Court ruling that Ottawa could not impose a common regulator on unwilling provinces. That forced a more cooperative approach to which only Ontario and British Columbia as well as three smaller provinces and the...

  • The company said late on Thursday it shut and isolated a pipeline on its Saskatchewan Gathering System, after roughly 200,000 to 250,000 liters of heavy oil and diluent spilled from the line, running into the North Saskatchewan River. The Saskatchewan Gathering System runs from Husky's heavy oil operations east of Lloydminster to facilities in that city,...

  • MAIDSTONE, Saskatchewan— Canadian energy company Husky Energy says between 52,834 gallons and 66,043 gallons of crude oil and other material has leaked into the North Saskatchewan River in west-central Canada. Husky Energy said Friday that booms are being used in an effort to contain the spill, which leaked Thursday morning near Maidstone, Saskatchewan.

  • "My understanding is that the leak is stopped, the site is contained, and they are fully into clean-up phase," Karen Hill, a spokeswoman for Saskatchewan's environment ministry, said in an email. The Saskatchewan government said it had dispatched an environmental protection officer to the site and was working with Husky to notify downstream users of the river.

  • OTTAWA, July 22- Canada's annual inflation rate held at a relatively tame 1.5 percent in June, Statistics Canada said on Friday, which analysts said would reinforce the likelihood the Bank of Canada keeps interest rates on hold. They would need a shocking set of numbers to really get them off the sidelines and I wouldn't say this is shocking, "said BMO Capital...

  • TORONTO _ Kingsway Financial Services Inc. on Friday reported a second-quarter loss of $514,000, after reporting a profit in the same period a year earlier. Kingsway Financial shares have risen 15 percent since the beginning of the year. Keywords: Kingsway Financial, Earnings Report.

  • July 22- Husky Energy Inc, Canada's No. 3 integrated oil company, reported a smaller-than-expected quarterly loss as the focus on fewer, more efficient resource plays helped reduce production costs. Overall earnings break-even is expected to be sub- $40 WTI by the end of 2016, as several key projects are up and running, including the 30,000- barrel-per-day...

  • July 22- Husky Energy Inc, Canada's No. 3 integrated oil company, reported a second-quarter loss, compared with a year-earlier profit, as production fell due to planned maintenance and the Fort McMurray wildfire in Alberta. WTI by the end of 2016, as several of the company's key projects are up and running, including the 30,000- barrel-per-day Sunrise, which was...

  • July 22- Husky Energy Inc, Canada's No. 3 integrated oil company, reported a second-quarter loss, compared with a year-earlier profit, as production fell due to planned maintenance and the Fort McMurray wildfire in Alberta. The Calgary- based company reported a loss of C $196 million, or 20 Canadian cents per share, for the second quarter ended June 30, compared with a...

  • Jean-Francois Lemay said Thursday that all passengers scheduled to fly on the July 18 flight from Glasgow to Toronto will be compensated pursuant to the applicable European regulations. European Union rules stipulate a passenger is entitled to 600 euros in the event a flight longer than 2,174 miles is canceled. Jean-Francois Perreault, 39, and Imran Zafar...

  • TORONTO _ Celestica Inc. on Thursday reported second-quarter net income of $36.2 million. For the current quarter ending in October, Celestica expects its per-share earnings to range from 27 cents to 33 cents. Celestica shares have decreased nearly 9 percent since the beginning of the year.