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  • VANCOUVER, Dec 17- Canada's government sounded another note of opposition to a proposed oil pipeline in the country's west coast, though he appeared to leave the door open to allowing proponents to acquire the needed local approval for projects to go ahead. Oil would travel through parts of the Great Bear Rainforest as part of the planned pipeline from Alberta...

  • TORONTO, Dec 7- Royal Bank of Canada's shift to put more emphasis on corporate investment banking and reduce its reliance on trading should lower the volatility of its capital markets business, one of its top executives told Reuters on Monday. RBC, Canada's most valuable company by market capitalization, would be comfortable if investment banking accounts for...

  • Dec 3- Enbridge Inc said it expected to make a decision on whether to go ahead with the controversial Northern Gateway pipeline in the latter half of 2016, though it could not commit to a timeline. The newly formed Canadian government under Justin Trudeau has announced a ban on tanker traffic along the north coast of British Columbia, effectively slamming the...

  • UPDATE 1-Pipeline operator Enbridge raises dividend Thursday, 3 Dec 2015 | 7:51 AM ET

    Dec 3- Enbridge Inc, Canada's largest pipeline company, raised its quarterly dividend to 53 Canadian cents per share from 46.5 Canadian cents, payable on March 1. Calgary- based Enbridge said it expects 2016 adjusted earnings before interest and taxes in the range of C $4.4 billion to C $4.8 billion enterprise-wide. The company sees 2016 average annual available...

  • Pipeline operator Enbridge raises dividend by 14 pct Thursday, 3 Dec 2015 | 7:11 AM ET

    Dec 3- Enbridge Inc, Canada's largest pipeline company, raised its quarterly dividend by 14 percent to 53 Canadian cents per share.

  • A climate fund offered to European investors by HSBC, the HSBC GIF Global Equity Climate Change fund, holds stock in U.S. oil producer and refiner Chevron Corp, South African energy company SASOL Ltd and British oil and gas producer BG Group Plc. "It is not so much about avoiding companies that are carbon emitters, but about investing in companies that have sought to...

  • CALGARY, Nov 23- The Canadian province of Alberta, holder of the world's third-largest oil reserves, has proposed a new climate change plan that will give efficient oil-producing companies room to grow while cutting carbon emissions, experts and stakeholders said on Monday. It also came as Prime Minister Justin Trudeau met with provincial and territorial...

  • CALGARY, Nov 18- Canada's oil-rich province of Alberta is making a credible shift toward a low carbon economy, Canadian Environment and Climate Change Minister Catherine McKenna said on Wednesday, as her government prepares for the upcoming Paris climate talks. Alberta is expected to unveil a climate change strategy within the next week offering details of...

  • TransCanada announces new layoffs as crude slump persists Wednesday, 18 Nov 2015 | 6:17 PM ET

    CALGARY, Alberta, Nov 18- Pipeline company TransCanada Corp has announced new job cuts, as slumping oil prices continue to take their toll on its customers, a spokesman said on Wednesday. TransCanada and other energy companies based in the oil-rich Western Canadian province of Alberta have been hammered with thousands of layoffs in recent months due to the...

  • OTTAWA, Nov 18- Canada's environmental review of existing applications for crude oil pipeline projects is continuing despite the new Liberal government's plans to make the assessment process more robust, Natural Resources Minister Jim Carr said on Wednesday. Key projects are TransCanada Corp's application for the Energy East pipeline to take oil from...

  • OTTAWA, Nov 18- Canada's environmental review of existing applications for crude oil pipeline projects is continuing despite the new Liberal government's plans to make the assessment process more robust, Natural Resources Minister Jim Carr said on Wednesday. Key projects are TransCanada Corp's application for the Energy East pipeline to take oil from...

  • Global markets follow up on Wall Street rally Tuesday, 17 Nov 2015 | 6:49 AM ET

    World markets are higher this morning following Wall Street's best day in three weeks, and stock index futures point to more gains at the U.S. open.

  • CALGARY, Alberta, Nov 16- Canada's largest pipeline company Enbridge Inc cut 5 percent of its workforce on Monday, a company spokesman said, as low crude prices continued to drag on the North American oil and gas industry. Enbridge spokesman Graham White said the reductions were made across Canada and the United States and represented about 500 employees at all...

  • CALGARY, Alberta, Nov 16- Canada's largest pipeline company Enbridge Inc cut 5 percent of its workforce on Monday, a company spokesman said, as low oil prices continued to drag on the North American oil and gas industry.

  • The main casualty of the ban will be Enbridge Inc's Northern Gateway pipeline, which would carry oil sands crude from near Edmonton, Alberta, to a deepwater port at Kitimat, British Columbia for export to Asian markets. Efforts to move oil by rail to northern British Columbia ports would also no longer be viable, but the moratorium would not impact the proposed...

  • VANCOUVER, Nov 13- Canada will push ahead with a moratorium on oil tanker traffic along the northern coast of British Columbia, effectively slamming the door on a controversial pipeline project that was already facing massive development hurdles. Canada's previous Conservative government approved the C $7.9 billion pipeline last year, subject to more than...

  • TORONTO, Nov 9- Canada's main stock index closed at its weakest level in more than five weeks on Monday, pressured by global growth concerns, sustained pressure on crude prices, and anticipation of a December rate hike from the Federal Reserve. The most influential downward force was Brookfield Asset Management Inc, which declined 5.6 percent to C $43.25 after...

  • Goldcorp Inc fell 4.2 percent to C $15.34, while Barrick Gold Corp lost 3.3 percent to C $9.38 as the price of bullion fell to a three-month low. TransCanada closed down 4.3 percent at C $43.32 after U.S. "We are shocked that there was any value of Keystone left in TransCanada," said Norman Levine, managing director at Portfolio Management Corp..

  • President Obama' s rejection on Friday of TransCanada Corp's proposed Keystone XL oil pipeline, while expected by many, highlighted difficulties that have been nagging the sector for months. But their attractiveness has faded since at least this summer as executives at some of the biggest pipeline companies, including Plains All American LP and Kinder...

  • TORONTO, Nov 6- Canada's main stock index retreated on Friday, as oil and mining company stocks dragged, offsetting solid gains for financials. Goldcorp Inc fell 4.1 percent to C $15.34, while Barrick Gold Corp lost 4.6 percent to C $9.25. At 11:19 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index fell 39.63 points, or 0.29 percent, to 13,519.15.