Business News Canada

  • Oct 15- President Donald Trump's administration is considering using West Coast military facilities to export coal and natural gas to Asia, according to an Associated Press report on Monday, citing U.S. Department of Interior Secretary Ryan Zinke. The move would help fossil fuel producers ship their products to Asia and circumvent environmental concerns in...

  • OTTAWA, Oct 15- Mexican Economy Minister Ildefonso Guajardo on Monday discussed his concerns about new Canadian tariffs on steel during a call with Foreign Minister Chrystia Freeland, a Canadian government source said. Guajardo said last week he rejected Canada's move to impose new quotas and tariffs on imports of seven categories of steel from many...

  • TORONTO, Oct 12- Canada's biggest life insurer is under pressure from shareholders to explain why it failed to disclose details of an ongoing court case which came to light after a short-seller released a report detailing the litigation. The stock has dropped 11.5 percent since Muddy Waters Capital LLC said last week that it had taken a short position, compared...

  • Cannabis could disrupt a $500 billion market, says CEO of top marijuana maker after deal with DEA

    Jim Cramer hears from Canopy Growth chief Bruce Linton about the cannabis producer's recent deal with the Drug Enforcement Administration and what Canada's legalization will mean for the marijuana industry.

  • Marijuana CEO: Cannabis could disrupt a $500 billion market

    Jim Cramer hears from Canopy Growth chief Bruce Linton about the cannabis producer's recent deal with the Drug Enforcement Administration and what Canada's legalization will mean for the marijuana industry.

  • Bruce Linton, CEO of Canopy Growth Corporation

    Jim Cramer hears from Canopy Growth chief Bruce Linton about the cannabis producer's recent deal with the Drug Enforcement Administration and what Canada's legalization will mean for the marijuana industry.

  • TORONTO, Oct 12- Canada's biggest life insurer is under pressure from shareholders to explain why it failed to disclose details of an ongoing court case which came to light after a short-seller released a report detailing the litigation. The stock has dropped 11.5 percent since Muddy Waters Capital LLC said last week that it had taken a short position, compared...

  • Markets recover after massive two-day sell-off

    Here's what happened this week — Rising interest rates spook markets and send stocks into a tailspin; Brett Kavanaugh is confirmed to the Supreme Court; Hurricane Michael devastates the Florida Panhandle and United Nations Ambassador Nikki Haley resigns.

  • *China produces record trade surplus with U.S. despite tariffs. Euro and sterling snapped their three-day winning streak in advance of next week's European Union summit where Britain and the European Union may strike a Brexit deal. China's exports jumped 14.5 percent in September from a year earlier, the biggest year-over-year increase in seven months and...

  • *China produces record trade surplus with U.S. despite tariffs. Euro and sterling snapped their three-day winning streak in advance of next week's European Union summit where Britain and the economic bloc may strike a Brexit deal. China's exports jumped 14.5 percent in September from a year earlier, the biggest year-over-year increase in seven months and...

  • OTTAWA, Oct 11- Canada does not hold out much hope that Washington will quickly lift tariffs that it imposed on steel and aluminum exports and is resisting a U.S. push to agree to strict quotas, two sources familiar with the matter said. President Donald Trump imposed the sanctions on Canada and Mexico in June, citing national security reasons.

  • MEXICO CITY/ CARACAS, Oct 11- Royal Dutch Shell Plc is negotiating the sale of its stake in a Venezuelan oil joint venture to Paris- based Maurel& Prom, three sources said this week, a move to scale down its crude business in the ailing OPEC- member country to focus on gas. The Anglo-Dutch company is seeking to sell its 40 percent stake in Petroregional del Lago, a joint...

  • Oct 11- Andeavor's Anacortes plant on Thursday joined a list of oil refineries in Washington state forced to shut or curb operations after natural gas supply to the facilities was disrupted by a pipeline fire in Canada on Tuesday. The shutdown follows actions by two other refineries, and sent fuel prices in the Pacific Northwest region and across the West Coast...

  • OTTAWA, Oct 11- Canada does not hold out much hope that Washington will quickly lift tariffs that it imposed on steel and aluminum exports and is resisting a U.S. push to agree to strict quotas, two sources familiar with the matter said. Canada is the single largest supplier of both aluminum and steel to the United States. Washington worries that nations could try to...

  • *New home prices in Canada were unchanged in August. TORONTO, Oct 11- The Canadian dollar rose against its U.S. counterpart on Thursday, recovering from an earlier 12- day low as data showing a slowdown in U.S. inflation weighed on the greenback. "It has taken a bit of steam out of the U.S. dollar," said Rahim Madhavji, president at Knightsbridge Foreign Exchange.

  • OTTAWA, Oct 11- Canada does not hold out much hope that Washington will quickly lift tariffs that it imposed on steel and aluminum exports and is resisting a U.S. push to agree to strict quotas, two sources familiar with the matter said. President Donald Trump imposed the tariffs on Canada and Mexico in June, citing national security reasons. Washington worries...

  • The declines came even as Wall Street suffered its worst drubbing in eight months. *Spot gold was down 0.2 percent at $1,192.41 an ounce at 0105 GMT. *Asian share markets sank on Thursday after the falls on Wall Street, a conflagration of wealth that could threaten business confidence and investment across the globe.

  • Oct 10- Chile's Supreme Court upheld an environmental order for a gold mine owned by Canada's Kinross Gold Corp to close its water pumping wells, the environmental regulator said on Wednesday, bringing the curtain down on a long-running dispute that sparked the Toronto- based miner's retreat from Chile. The ruling was challenged by Kinross in Chile's...

  • VANCOUVER, Oct 10- Enbridge Inc, Canada's largest pipeline operator, said on Wednesday that it had extinguished a fire on a natural gas line in northern British Columbia that prompted the evacuation of about 100 people and caused disruptions at refineries in neighboring Washington state. Royal Dutch Shell said it was proactively shutting units down at its...

  • *Loonie hits its weakest since Sept. 28 at 1.3046. TORONTO, Oct 10- The Canadian dollar weakened on Wednesday to a 10- day low against its U.S. counterpart, underperforming other G10 currencies, as the price of oil, one of Canada's major exports, slumped. "I do think today is primarily an oil story and the fact that Canada is a standout in the G10 makes sense because it is the...