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  • CALGARY, Alberta, Oct 8- Canadian crude exports to the United States topped 3 million barrels per day last week for the first time, suggesting delays to new export pipelines such as TransCanada Corp's Keystone XL were failing to check oil sands development. Enbridge Inc has also run into regulatory delays on its cross-border Alberta Clipper pipeline expansion...

  • ONTARIO COURT SAYS WILL APPROVE U.S STEEL CANADA DEBTOR FINANCING FACILITY THAT IS BEING PROVIDED BY PARENT CO.

  • Alcoa third-quarter earnings rise, shares gain Wednesday, 8 Oct 2014 | 4:16 PM ET

    Oct 8- Aluminum producer Alcoa Inc reported a rise in third-quarter profit on Wednesday due to higher aluminum prices and premiums although it recorded restructuring charges on a smelter closure. Excluding the impact of special items, Alcoa's earnings were $370 million, or 31 cents a share for the three months ended September. Alcoa traditionally has been the...

  • OTTAWA, Oct 8- Canada's Arctic territory of Nunavut has opened long-awaited talks with the federal government on gaining control of the region's vast natural resources, a move that could boost exploration and development. Nunavut, nearly four times as big as France, covers 810,000 square miles of rock, ice and water. Companies active in Nunavut include...

  • Oct 8- Canadian pharmacy chain Jean Coutu Group Inc reported a 3 percent rise in quarterly revenue as an increase in the number of franchised stores helped offset the impact of higher sales of generic drugs. Price-controls for generic drugs, aimed at cutting costs for government and private health programs, have also hurt Jean Coutu and rivals such as Shoppers...

  • Oct 8- Encana Corp said it would sell some of its natural gas assets in southern and central Alberta for about C $605 million as it focuses on more lucrative oil and natural gas liquids. The Clearwater deal comes just days after Encana agreed to buy Athlon Energy Inc for $5.93 billion to gain control of its oil-rich lands in Texas's Permian Basin.

  • Train derails in Saskatchewan, catches fire Wednesday, 8 Oct 2014 | 6:55 AM ET

    WADENA, Saskatchewan— A Canadian National Railway Company freight train carrying flammable goods derailed in central Saskatchewan on Tuesday and caught fire. The Saskatchewan government said the derailment happened near the small community of Clair. CN spokesman Jim Feeny said the fire is coming from petroleum distillate, which spilled from two of the...

  • TORONTO, Oct 7- U.S. billionaire investor Wilbur Ross is looking at investing in the Canadian and U.S. energy sectors, betting a long-term recovery in oil prices will boost the fortunes of small and mid-cap companies whose shares have been battered since June. Ross, who made his name by snapping up out-of-favor assets ranging from banks to textile firms, told...

  • Chile's top court halts Goldcorp's El Morro mine Tuesday, 7 Oct 2014 | 2:23 PM ET

    SANTIAGO, Chile— Chile's Supreme court on Tuesday suspended the development of the El Morro mine owned by Canada's Goldcorp after siding with indigenous groups that oppose it on environmental grounds. New Gold Inc. owns the remaining 30 percent. Chile, the world's top copper producer, has some of Latin America's most stable ground rules for mining, an industry...

  • *Canada lobbied against previous labelling proposal. BRUSSELS/ CALGARY, Oct 7- A European Union plan to label Canadian tar sands oil as highly polluting as part of its fight against climate change has been abandoned after years of opposition from Canada, clearing the way for exports of tar sands crude to the European market. Canada sees Europe as a potential...

  • Oct 7- An affiliate of Brookfield Asset Management got court approval to buy Atlantic City, New Jersey's shuttered Revel Casino Hotel for $110 million in cash on Tuesday after a judge rejected complaints the auction for the bankrupt complex was tainted. "I have heard evidence to satisfy me that the sale to Brookfield should be confirmed," said U.S. Bankruptcy...

  • Judge approves Revel casino sale to Toronto firm Tuesday, 7 Oct 2014 | 3:01 AM ET

    CAMDEN, N.J.— A federal bankruptcy judge on Tuesday approved the sale of Atlantic City's former Revel Casino Hotel for 5 cents on the dollar to a Toronto asset management firm. Judge Gloria Burns approved the sale to Brookfield Asset Management for $110 million. She turned aside numerous objections from the losing bidder, Florida developer Glenn Straub, who...

  • US agency issues permit for Canada-NYC power line Tuesday, 7 Oct 2014 | 3:01 AM ET

    ALBANY, N.Y.— The U.S. Department of Energy has issued a Presidential Permit for a 330- mile electric transmission line to carry lower-cost Canadian hydroelectric power to New York City. The project is aimed at saving about 2 percent to 3 percent on energy bills in New York City. The line will run under the length of Lake Champlain, through parts of the Hudson, Harlem...

  • DIARY - Top Economic Events to Oct 20 Monday, 6 Oct 2014 | 8:01 PM ET

    NEW YORK- World Business Forum in New York. Treasury Secretary Jack Lew talks about the global economy and the recent G20 finance ministers meeting in a discussion sponsored by the Peterson Institute- 1245 GMT. ALBUQUERQUE- Federal Reserve Bank of Kansas City President Esther George speaks on the U.S. economy before an economic forum hosted by the Federal...

  • TORONTO, Oct 6- Postmedia Network said on Monday it will buy Quebecor Inc's Sun Media newspaper assets for C $316 million in a deal that would give a single publisher control of most of the major English-language dailies in Canada. The deal would bring some 175 newspapers and publications, including the Sun's flagship assets- the Ottawa, Toronto, Winnipeg,...

  • NEW YORK, Oct 6- The dollar's rally halted on Monday as profit-taking emerged after Friday's solid U.S. jobs report reinforced the view the U.S. Analysts reckoned the dollar's winning streak would resume as the U.S. economy will likely grow faster than Europe and Japan in the foreseeable future as China shows signs of slowing. "In the absence of major U.S. data,...

  • CALGARY, Alberta, Oct 6- Malaysian state-owned oil and gas company Petronas said on Monday it could delay its planned $11 billion liquefied natural gas plant on Canada's Pacific Coast by as long as 15 years unless it can reach a favorable tax deal by month's end. Petronas said in a statement that the economics of the plant are marginal and without a favorable tax...

  • The deal with Kuwait Foreign Petroleum Exploration Co helps Chevron reduce production risk and gives it more capital to increase drilling in Alberta's Duvernay shale formation, one of North America's largest shale deposits. Chevron's Canadian subsidiary has exploration leases for about 330,000 net acres in the Duvernay shale formation.

  • TORONTO, Oct 6- Air Canada has reached a tentative agreement on a new 10- year contract with its pilots' union, 1-1/ 2 years ahead of the expiration of the current contract at Canada's largest airline. Air Canada has been pushing expansion of its international flights and of Rouge, its low-cost vacation carrier. Tyerman cautioned, however, that Air Canada reached an...

  • TORONTO, Oct 6- Postmedia Network said on Monday it will buy Quebecor Inc's Sun Media assets for C $316 million in a sale that would create the dominant English-language newspaper publisher in Canada. The deal would bring 175 newspapers and publications, including the Sun chain of dailies- the Ottawa Sun, Toronto Sun, Winnipeg Sun, Edmonton Sun and Calgary Sun- as...