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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.
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*Corruption arrests unprecedented in Cuba. Canada's ambassador to Cuba, Matthew Levin, attended the trial but did not speak to reporters. The arrests were unprecedented for Cuba, where foreign businessmen suspected of corruption are usually deported.
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*Pentagon report shows $4.5 bln drop in F-35 cost. WASHINGTON, May 23- The Pentagon on Thursday told Congress it expected a 1 percent drop in the cost of its biggest weapons program, the Lockheed Martin Corp. F-35 fighter jet, while averting the huge cost increases seen on other weapons programs in recent years.
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WASHINGTON, May 23- Quebec will announce within weeks that it will launch its own public review of a proposed pipeline that would deliver crude oil from western Canada to eastern markets, its environment minister said Thursday.
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WASHINGTON, May 23- The Pentagon's annual report to Congress shows a decline of $4.5 billion, or just over 1 percent, in the projected development and acquisition cost of the Lockheed Martin Corp F-35 fighter jet program, sources familiar with the data said on Thursday.
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WASHINGTON, May 23- Quebec will announce within weeks that it will launch its own public review of a proposed pipeline that would deliver crude oil from western Canada to eastern markets, its environment minister said Thursday.
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NEW YORK, May 23- We are living in the age of the technocrats. From Washington to Frankfurt to Rome, technocrats have stepped in where politicians feared to tread, rescuing economies, or at least propping them up, in the process.
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WASHINGTON, May 23- The U.S. government will require meat packers to explicitly list the origin of beef, pork and chicken sold in U.S. grocery stores, it said on Thursday, a regulation intended to resolve years of disputes with Canada and Mexico.
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*Earned C $1.90 a share, vs analysts' forecast of C $1.91. TORONTO, May 23- Toronto-Dominion Bank reported a 2 percent increase in quarterly earnings as higher trading, business lending and U.S. banking income offset slowing loan growth in its core Canadian market.
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The closed trial of 53- year-old Sarkis Yacoubian, originally from Armenia and the owner of import firm Tri-Star Caribbean, was expected to last two days. Canada's ambassador to Cuba, Matthew Levin, did not speak to reporters as he walked in the front gate.
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WASHINGTON, May 23- Meat packers will be required to explicitly list the origin of beef, pork and chicken sold in U.S. grocery stores, the government said on Thursday, a regulation intended to resolve years of disputes with Canada and Mexico. Meat from other countries could carry labels such as, for example, "Born in Mexico, Raised and Slaughtered in the United States."
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May 23- Marathon Oil Corp said on Thursday that negotiations to sell a portion of its 20 percent stake in the Athabasca Oil Sands Project in Canada ended without a deal.
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MONTREAL-- More than one million Montreal residents are being told to boil their drinking water after a malfunction at Canada's second-biggest filtration plant. The advisory applied to most of Montreal. City spokeswoman Valerie De Gagne and others describe it as unprecedented.
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May 23- Marathon Oil Corp said on Thursday that negotiations to sell a portion of its 20 percent stake in the Athabasca Oil Sands Project in Canada had ended without a deal. An agreement with the prospective purchaser was not reached and the company is not engaged in any other discussions to sell the assets, Marathon said.
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EAST AURORA, N.Y.-- Toy maker Fisher-Price said Wednesday it's moving or eliminating roughly 100 jobs from its operations New York as part of restructuring by parent company Mattel Inc..
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*Earnings of C $1.90 per share vs analysts' forecast of C $1.91. TORONTO, May 23- Toronto-Dominion Bank reported a 2 percent increase in quarterly earnings, driven by stronger trading-related revenue and higher income from its U.S. retail banking unit.
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TORONTO, May 23- Toronto-Dominion Bank's quarterly profit rose 2 percent, driven by stronger wholesale banking income, the bank said on Thursday. The bank, Canada's second-largest, said it had earned a net C $1.72 billion, or C1.78 a share, in the second quarter ended April 30. That compared with a year-earlier profit of C $1.69 billion, or C $1.78 a share.
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HAVANA, May 23- A Canadian businessman who has confessed to bribing Cuban officials was scheduled to go on trial in Havana on Thursday, almost two years after his arrest in a sweeping government crackdown on corruption.
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OTTAWA, May 22- The Canadian government is examining the role of the federal housing agency in providing insurance for mortgage portfolios held by banks, Finance Minister Jim Flaherty said on Wednesday.
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May 22- General Motors Co is recalling worldwide more than 27,000 Cadillac crossover vehicles whose wheels could fall off due to potentially loose wheel nuts. GM said on Wednesday it knows of no crashes or injuries due to the issue and that no wheels have separated from the sport utility vehicles built on car-based platforms.
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WASHINGTON, May 22- The House of Representatives approved a bill as expected on Wednesday declaring that a presidential permit was not needed to approve the Canada- to- Nebraska leg of the Keystone XL oil pipeline, a move that would take a decision on the project away from the Obama administration.