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Suncor Energy Inc

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  • TORONTO, Jan 21- Canada's main stock index rallied on Wednesday after the central bank cut its benchmark rate in a shock move, helping boost shares of energy companies as well as interest-sensitive banks and other financial issues. "The Bank of Canada's surprise cut to its overnight rate will help to buffer against the impact on employment, household incomes and...

  • CALGARY, Alberta, Jan 20- Canada's oil sands companies are perilously close to operating at a loss after six months of plunging crude prices, yet many say they have no plans to cut production at their vast projects in northern Alberta. On the contrary, Syncrude and Canadian Natural Resources Ltd are planning to boost production, in the expectation economies of...

  • Enbridge Inc's Illinois- to-Oklahoma Flanagan South line, coupled with Enterprise Products Partners' Oklahoma-to-Texas Seaway Twin line, are delivering their first large-volume shipments to the biggest refinery market in the United States, most of which is built to handle viscous oil like that produced in Canada. "We are connected all the way from Canada to...

  • CALGARY, Alberta, Jan 13- Canada's largest oil and gas company Suncor Energy Inc said on Tuesday it would cut about 1,000 employees and contractors, freeze hiring and slash C $1 billion in capital spending in response to falling crude oil prices. Suncor said it would also defer some capital projects that have not yet been sanctioned, such as MacKay River 2 in...

  • CALGARY, Alberta, Jan 13- Canada's largest oil and gas company Suncor Energy Inc will cut about 1,000 employees and contractors and slash C $1 billion in capital spending in response to the recent plunge in crude oil prices, it said on Tuesday. Suncor will also defer some capital projects that have not yet been sanctioned, such as MacKay River 2 in northern Alberta...

  • In another sign of trouble, Canada's largest oil sands company, Suncor Energy Inc, announced massive layoffs Tuesday. The Conference Board of Canada said the western Canadian province's latest employment and new housing start numbers are holding steady, but that Alberta will slip into recession if oil prices stay low. Alberta has the world's third-largest...

  • *Falling copper prices weigh on First Quantum. TORONTO, Jan 5- Canada's main stock index recorded its biggest single-day percentage drop in about 20 months, tumbling nearly 2.5 percent on Monday, as a deepening selloff in oil prices hit shares of energy companies. Nine of the 10 main sectors on the Toronto equity index were trading in the red.

  • Your first trade for Wednesday Tuesday, 23 Dec 2014 | 6:47 PM ET

    The "Fast Money" traders give their final trades of the day.

  • FORT MCMURRAY, Alberta, Dec 16- The boomtown in the heart of Canada's oil sands region is getting nervous. Fort McMurray, surrounded by the boreal forest of northern Canada, has long drawn thousands with jobs that paid six-figure salaries to a region that produces more crude than anywhere else in the Western Hemisphere. Suncor Energy Inc, Total SA and Statoil ASA...

  • Canada rail safety jobs vacant as budget cuts bite Monday, 8 Dec 2014 | 9:00 AM ET

    Rail safety is in focus with the boom in oil shipments and a spate of derailments across North America, and the vacancies create a safety risk, industry experts and Canada's public engineers' union say. The chair of the Transportation Safety Board, Kathy Fox, says there is risk of a spill as long as the government fails to address its oversight weaknesses and...

  • FACTBOX-Five facts about Keystone XL pipeline Thursday, 13 Nov 2014 | 2:34 PM ET

    House of Representatives prepared to vote on Friday to approve TransCanada Corp's controversial Keystone XL oil pipeline that will help transport oil from Canada to the U.S. The Senate could take up the bill next week, possibly on Tuesday, setting up a potential showdown with the White House. The 1,179- mile pipeline would move 830,000 barrels per day of oil...

  • Fed will go out of its way to be dovish Wednesday, 29 Oct 2014 | 6:01 AM ET
    Traders on the floor of the New York Stock Exchange.

    The Fed is expected to announce the end of the easing program, but observers say the Fed is unlikely to change the language about keeping rates low.

  • Markets could shrug off Fed if it sounds dovish Tuesday, 28 Oct 2014 | 6:49 PM ET
    Traders on the floor of the New York Stock Exchange.

    The Fed is expected to announce the end of the easing program, but observers say the Fed is unlikely to change the language about keeping rates low.

  • CANADA STOCKS-TSX climbs as resource prices rise Tuesday, 28 Oct 2014 | 4:56 PM ET

    TORONTO, Oct 28- Canada's main stock index rose more than 1 percent on Tuesday, with higher crude and other commodity prices helping boost energy and mining companies as investors returned to buying after a sharp sell-off in recent weeks. Suncor Energy Inc was the biggest positive driver, adding 2.2 percent to C $39, while Canadian Natural Resources Ltd gained...

  • Sharp drops in many of the stocks owned by Buffett's Berkshire Hathaway in recent weeks hit the sprawling conglomerate's equity portfolio hard. The loss on seven of those holdings alone totals more than $5 billion provided Berkshire's stakes have remained the same since June 30, the last date for which they were disclosed. Berkshire Hathaway did not respond...

  • CALGARY, Alberta, Oct 20- Spot crude-by-rail volumes are down in Canada as traders and marketers including Glencore PLC are deterred by stronger heavy oil prices that have erased arbitrage opportunities to ship cheap crude from landlocked Alberta to higher-priced U.S. markets, industry sources said. The international commodities group Glencore no longer...

  • 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...

  • 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...

  • *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...

  • TORONTO, Sept 19- Canada's main stock index took its sharpest one-day hit in seven months on Friday as a broad array of stocks from banks to telecommunications and resource companies pushed it to a 1.7 percent decline for the week.