Canadian farmers chart gains in Japan as tariffs fall in Asia-Pacific markets

It was the 1990s when a pair of Japanese butchers climbed aboard an airplane and travelled some 8,000 kilometres to visit a family-owned pork plant in rural Alberta. The local owners of Sunterra Farms hosted the men because, to crack one of the world’s most desirable markets, their staff needed to see exactly how Japanese consumers liked their meat. The swift, precise blade work of […]

Sears staves off liquidation, U.S. stores to remain open

Sears will live on — at least for now. The company’s chairman and largest shareholder, Eddie Lampert, won a bankruptcy auction for Sears, averting liquidation of the iconic chain, according to a source familiar with the negotiations. The person agreed to speak on condition of anonymity because they were not authorized to discuss the negotiation […]

Why the Ontario Trucking Association wants foreign workers to fill trucker shortage

The Ontario Trucking Association says there’s a desperate shortage of truckers in Ontario and they have a solution: bring in foreign workers. The association says it wants to bring in more foreign workers to do the job because long-haul trucking is a job people in Ontario don’t want. The country’s largest transportation union, Teamsters Canada, says that’s […]

Alberta’s OPEC-style oil cuts help boost prices — but concern over fallout remains

Alberta’s mandatory oil production cuts have helped boost Canadian crude prices, but concern persists that the cure could be worse than the cold. Since the strategy was executed two weeks ago, the price gap between Canadian and U.S. benchmark crude has shrunk to under $10 US a barrel. On Friday, it was the narrowest it has been in nearly a decade. […]

How China’s electric car push is shaking up oil markets

Hello, folks! This is our weekly newsletter on all things environmental, where we highlight trends and solutions that are moving us to a more sustainable world. (Sign up here to get it in your inbox every Thursday.) This is the first issue of 2019. The year ahead promises a lot of movement on the environmental front. Let’s dig in… […]

Canada’s main stock index posts biggest gains in 3 years

Canada’s main stock index posted its strongest four-day gain in three years Wednesday as it was propelled by a large increase in the price of crude oil and the Bank of Canada’s latest rate announcement. The Toronto Stock Exchange continued its rebound from a dreadful autumn and tough December helped by positive news about the […]

Suncor warns oil cutbacks mandated by Alberta government pose safety, operational risks

Forced Alberta government crude oil production cuts next year will result in “unintended consequences” that could include increased safety hazards for its employees, Suncor Energy Inc. warned Friday. Despite the cuts that begin Jan. 1, Canada’s largest integrated oil and gas company forecasts production will grow by 10 per cent in 2019 on a stand-pat […]

Toronto, Vancouver most ‘vulnerable’ to interest rate hikes: CMHC

Canadians living in the country’s two largest cities may find themselves more “vulnerable” to interest rate increases as personal debt levels in Toronto and Vancouver continue to hit record levels, warns a Canada Mortgage Housing Corporation report. The housing agency says the debt-to-income (DTI) ratio for those living in Vancouver climbed to 242 per cent […]

Canada’s relationship with Trump reaches a ‘new level of frustration’ over Huawei comments

Canada’s relationship with Donald Trump has reached a “new level of frustration” after the U.S. president’s comments this week on the arrest of Huawei’s chief financial officer, says a senior source. Canada recently detained the chief financial officer of the Chinese telecommunications firm Huawei, Meng Wanzhou, on an extradition request from the U.S. She has been released on […]

Q&A: The case for more Alberta refineries

Alberta Premier Rachel Notley this week breathed new life into an old NDP pledge to try to build more refineries in the province. More refineries would mean more jobs, more options for Alberta bitumen and more wealth for the province — or so the government’s argument goes. She’s canvassing the industry for private sector interest until Feb. […]