In light of Sunshine Oilsands' quarterly loss, John Zahary, President and CEO, says the company's projects are in pre-production stage and revenue will start coming in soon.» Read More
*Freeport first project approved since 2011.
WINNIPEG, Manitoba, May 17- Canada will put forward a list of U.S. products it wants to target in retaliation for U.S. country-of-origin meat labels if last-minute changes to U.S. label regulations don't prove satisfactory, Canadian officials said on Friday.
WINNIPEG, Manitoba, May 17- Canada will put forward a list of U.S. products that it will target in retaliation over a dispute with its largest trading partner about country of origin labels on meat, Agriculture Minister Gerry Ritz said on Friday.
WINNIPEG, Manitoba, May 17- Canada will put forward a list of U.S. products against which it wants to retaliate, over a dispute with its largest trading partner about country of origin labels on meat, Agriculture Minister Gerry Ritz said on Friday.
Citi analyst Deborah Weinswig, who backed her "Neutral" rating for the stock, said the quarter's results were "disappointing from nearly top to bottom."
OTTAWA, May 17- Cheaper gasoline and cars helped Canada's annual inflation rate fall dramatically in April to 0.4 percent from 1.0 percent in March, below expectations and well outside the Bank of Canada's target range of 1 to 3 percent. It was the lowest since 0.1 percent in October 2009.
MUMBAI, May 17- Standard& Poor's reiterated its negative outlook on India's credit rating, which is one notch above "junk", warning of the need to follow through on reforms and dealing a blow to a government that had recently pitched for an upgrade.
SINGAPORE, May 17- London copper futures edged lower on Friday to remain on course to end a three-week upward streak, undermined by a firmer dollar and indications that demand from top consumer China is unlikely to pick up strongly as Beijing shuns stimulus measures.
SINGAPORE, May 17- U.S. crude futures slipped towards $95 a barrel on Friday as disappointing U.S. economic data revived worries over demand in the world's biggest oil consumer. U.S. oil had slipped 9 cents to $95.07 a barrel by 0014 GMT, after settling 86 cents higher.
*Government-controlled Congress likely to approve reforms. QUITO, May 16- Ecuador's government on Thursday presented a mining bill to Congress that should pave the way for the signing of contracts with several investors, including Canada's Kinross Gold Corp..
WASHINGTON, May 16- The full U.S. House of Representatives will soon begin debate on a bill to approve the Canada- to-Nebraska Keystone XL oil pipeline, a lawmaker said on Thursday after his panel advanced the measure.
NEW YORK, May 16- Canada's soaring consumer debt is backed by solid assets, Prime Minister Stephen Harper said on Thursday, saying he was more worried about economic problems outside the country. But when asked about the biggest risks to Canada, Harper said they were external. " Harper following by citing the growth of household credit in Canada.
SAN JOSE, Calif., May 16- One of the most urgent questions in economics today is the connection between inequality and growth. That is because one of the big economic facts of our time is the surge in income disparity, particularly between those at the very top and everyone else.
*Fund's 10.1 pct investment return takes assets to C $183.3 billion. CPPIB, which manages Canada's national pension fund, said on Thursday its assets rose to a record C $183.3 billion at the end of fiscal 2013, as its investment portfolio returned 10.1 percent for the year ended March 31.
TORONTO, May 16- Telus Corp, one of Canada's biggest wireless phone companies, said on Thursday it will pay C $380 million for debt-laden Mobilicity, testing the resolve of a government committed to opening the market to smaller players.
OTTAWA, May 16- The risks of unconventional policies pursued by major central banks since the financial crisis appear to be minor compared with the benefits, Bank of Canada researchers said on Thursday.
MONTPELIER, Vt.-- The owner of a crude oil pipeline that runs between Maine and Montreal is asking Vermont environmental regulators to reconsider a ruling that would require a new review under the state's land-use planning law if the company seeks to move Canadian tar sands oil to Portland for possible shipment to markets across the world.
But continued growth in Texas, coupled with only a small amount of new resources in the state, could cause problems there, the North American Electric Reliability Corp, said.
TORONTO, May 16- Telus Corp, one of Canada's biggest wireless telephone companies, on Thursday said it will pay C $380 million to acquire Mobilicity, a recent entrant to the industry that helped force prices down but failed to draw many customers.
NEW YORK, May 16- U.S. Initial claims for state unemployment benefits jumped by 32,000 to a seasonally adjusted 360,000, the Labor Department said on Thursday. "There's plenty of slack in the labor market," said Tanweer Akram, senior economist with ING U.S. Investment Management in Atlanta, Georgia.