Research begins to turn bitumen into ‘radically different products’

A sharp drop in the price of Western Canadian oil has many in the industry looking for solutions. New export pipelines and more space on the railways would help alleviate the backlog of oil in Alberta, but some researchers are focusing on a long term fix to achieve better prices, as well as create jobs and lower the […]

Beijing attacks USMCA clause seen as blocking efforts to expand trade with Canada, Mexico

China says it deplores a controversial new clause in the United States-Mexico-Canada Agreement that calls on the countries to notify each other if they enter into trade talks with a “non-market” economy. In a scathing statement, the Chinese Embassy in Ottawa says section 32.10 of the new USMCA amounts to an act of political dominance […]

Shares in MEG soar as analysts predict Husky will boost hostile takeover offer

Financial analysts say Husky Energy Inc. will likely have to sweeten its $3.3-billion hostile takeover bid for fellow Calgary oilsands producer MEG Energy Corp., although they concede there are few white knights that are big enough to ride to its rescue. In its offer Sunday, Husky said it was going directly to MEG’s shareholders after […]

U.S.-Mexico text may preview Canada’s NAFTA prospects

The U.S. trade representative is expected to post text online soon that will lay out more of what Mexico has agreed to so far in the renegotiation of the North American Free Trade Agreement. While Robert Lighthizer portrayed the preliminary agreement in principle announced in late August as exclusively bilateral, it may include at least a dozen […]

Oil prices at highest levels in 4 years

Oil prices were at their highest levels since 2014 in trading Monday, after the Organization of Petroleum Exporting Countries decided not to raise output. In a meeting Sunday in Algiers, OPEC rejected U.S. President Donald Trump’s call to open the taps, with both Saudi Arabia and Russia saying they won’t produce significantly more oil. For […]

Global shares mixed amid concern over US-Canada trade

European stock markets mostly rose on Monday, after Asia closed lower, amid worries about trade friction between the U.S. and Canada and subdued investor activity due to a U.S. holiday. France’s CAC 40 was up 0.1 per cent to 5,410, while Germany’s DAX lost 0.2 per cent to 12,338. Britain’s FTSE 100 gained 0.9 per […]

Facebook should be liable for ‘fake news,’ British lawmakers say

Tech firms like Facebook should be made liable for “harmful and misleading” material on their websites and pay a levy so they can be regulated, British lawmakers said, warning of a crisis in democracy due to misuse of personal data. Facebook has increasingly become a focus of the media committee’s inquiry into “fake news” after […]

Sergio Marchionne, hailed for Chrysler and Fiat turnarounds, dead at 66

Sergio Marchionne, a charismatic and demanding leader who engineered two long-shot corporate turnarounds to save both Fiat and Chrysler from near-certain failure, died Wednesday. He was 66. The Exor holding company of the Fiat founding family Agnelli announced Marchionne’s death in Zurich in a statement. “Unfortunately what we feared has come to pass,” Fiat heir […]