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
HONG KONG, Dec 12- Hong Kong shares were set for a firmer start on Wednesday after a strong showing on Wall Street, while increased merger activity encouraged investors back into the market.
TORONTO, Dec 11- The Bank of Canada's Mark Carney mused about priorities in reply to a question about the lessons he would take to his next job in London, but said he would only discuss Britain's needs when he talks to a House of Commons committee next year.
*No time frame for ConocoPhillips decision. MUMBAI/ NEW DELHI, Dec 11- India's state oil companies intend to press ahead with plans to buy stakes in Canada's oil sands and believe they will not run afoul of tougher Canadian rules on foreign ownership of the sector.
*Penalties up to C $100,000 per violation could be imposed. WINNIPEG, Manitoba, Dec 11- Long-awaited federal legislation unveiled on Tuesday would force Canadian railways to reach service agreements with shippers that request them and could impose penalties on the railways if they fail to meet their obligations.
It will be very difficult to close... we've done it before, "Kirk said, referring to other trade pacts the United States has concluded. The United States and 10 other countries involved in the Trans-Pacific Partnership talks are wrapping up their 15th round of negotiation on Wednesday in Auckland, New Zealand.
*Same-store sales rise at both Hudson's Bay and Lord& Taylor. Dec 11- Hudson's Bay Co's chief executive said on Tuesday that he does not see Canadian customers taking their business away from his department stores when Target Corp makes its debut north of the border in the spring.
NEW YORK, Dec 11- The euro rose against the dollar for a second straight day on Tuesday, as surprisingly strong German economic sentiment and optimism the United State will avoid a fiscal crisis spurred broad-based risk-taking.
Americans are shelling out big bucks to outfit their household with Apple products.
The Canada Pork International marketing group said on Friday that the Canadian Food Inspection Agency has provided meat processors with testing guidelines; however, a spokesman for the federal Agriculture Department said the government is only making exporters aware of Russia's requirements.
LONDON/ ZURICH, Dec 11- Three British men were detained in London on Tuesday in the first arrests stemming from a global investigation into the manipulation of interbank lending rates. Prosecutors and regulators across Europe, the United States, Canada and Japan have been investigating how traders attempted to rig key benchmark lending rates such as Libor.
*U.S. wheat stocks larger than trade forecasts, corn smaller World wheat stocks surprise on bigger China, Australia, Canada crops. The agency also raised its forecast for global wheat inventories to almost 177 million tonnes, from 174 million in November and well above market expectations, following estimates of larger crops from Australia, Canada and China.
WINNIPEG, Manitoba, Dec 11- Canada's railways will be required to reach service agreements with shippers that request them and could face penalties for violating agreed levels of service under long-awaited federal legislation unveiled on Tuesday.
OTTAWA, Dec 11- Canada's trade deficit came in much smaller than forecast in October as imports fell to a 15- month low, a sign the economy is still struggling to cope with weak foreign markets and other challenges. Statistics Canada said on Tuesday that the deficit fell to C $169 million from a revised C $1.01 billion in September.
WINNIPEG, Manitoba, Dec 11- Shippers will have the right to service agreements that could lead to penalties for Canada's railways for violating agreed levels of service, under long-awaited federal legislation unveiled on Tuesday.
OTTAWA, Dec 11- The Bank of Canada's pick to fill a vacancy on its rate-setting council could offer clues on the priorities of the well-respected central bank as it gets ready to replace Governor Mark Carney, named last month as the next chief of the Bank of England.
OTTAWA, Dec 11- The Bank of Canada needs to fill a vacancy on its rate-setting council to replace Jean Boivin who stepped down as deputy governor in October, in a final hiring decision before Governor Mark Carney leaves to head the Bank of England. *DAVID WOLF, ADVISER, BANK OF CANADA: Joined the bank in 2009 when he was appointed as an adviser.
*Record world rice crop helped by Vietnam, North Korea. WASHINGTON, Dec 11- The U.S. wheat stockpile for the current season will be above market expectations due to a slump in exports, while corn ending stocks will remain tight as lower prices make the grain more affordable for feeders, processors and exporters, the government said on Tuesday.
LONDON, Dec 11- Climate talks in Doha last week highlighted the weakness of carbon targets as a tool to limit climate change while a lack of international financial and political support may equally undermine an alternative, technology-led approach.
*Same-store sales rise at both Hudson's Bay and Lord& Taylor. The company, which operates Lord& Taylor in the United States and Hudson's Bay in Canada, also declared a dividend of 9.375 Canadian cents a share.
*Effectively clears CNOOC purchase of major North Sea field. LONDON, Dec 11- Britain will not stand in the way of a $15.1 billion takeover of Nexen by CNOOC, allowing the Chinese company to snap up the Canadian group's stake in a major North Sea field that helps set the Brent global oil benchmark.