Crude-by-rail exports rise to record 327,000 barrels per day, says NEB

The National Energy Board says crude-by-rail exports from Canada rose to a record 327,229 barrels per day in October. That’s up more than 21 per cent from 269,829 in September and represents the first time exports by rail have exceeded 300,000 barrels per day — in October 2017, only 137,000 bpd left the country in […]

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 […]

First Nations coalition wants to take the lead on major construction projects

Tired of waiting for major construction projects to come to them, a growing coalition of First Nations is instead taking the lead on ventures to better control their economic futures. “We really are in a place looking to diversify our economies,” said Jasmine Thomas, a councillor of the Saik’uz First Nation in central British Columbia. […]

China summons Canadian ambassador over Huawei CFO’s arrest in Vancouver

China’s foreign ministry called on Canada to immediately release Huawei Technologies Co. Ltd.’s chief financial officer on Saturday, warning that otherwise it would face consequences. The ministry said in a statement that Vice Foreign Minister Le Yucheng had issued the warning to Canada’s ambassador in Beijing, summoning John McCallum to lodge a “strong protest.” Meng Wanzhou, Huawei’s global chief financial […]

2 junior oil firms cut dividends, output as prices remain ’embarrassingly low’

A pair of junior Calgary oil companies are cutting payouts to shareholders and reducing production because of current steep discounts on western Canadian oil prices. Both Cardinal Energy Ltd. and Granite Oil Corp. say they can’t afford to wait and see if production cuts imposed by the Alberta government starting Jan. 1 will work to […]

Canadian outdoor giant targets trans community in marketing campaign

Canadian outdoor retailer Mountain Equipment Co-op (MEC) is trying to tap into the hearts and wallets of the transgender community, which is often neglected by mainstream advertising and marketing.  It’s a smart move to bring in more customers but it could backfire if the campaign seems inauthentic, marketing experts say.  “It’s a positive step forward […]

Alberta Energy Regulator executive found billing for travel from B.C. residence

A second executive with the Alberta Energy Regulator is billing the organization for travel expenses because the person is living in B.C. The AER tells CBC News its board of directors wasn’t aware of the situation. The AER is the single regulator of energy development in Alberta — from application and exploration, to construction and operation, to decommissioning, closure and […]

Canada ‘not surprised’ Trump taking risky move in order to ratify new NAFTA

Any relief Canadian officials felt over Friday’s signing of NAFTA may fade away, as U.S. President Donald Trump announced he’s taking a risky all-or-nothing approach to getting the new trade pact ratified by Congress. As he left the G20 summit in Buenos Aires, Trump told reporters on board Air Force One that he plans to […]

Worst day for oil since 2015 as WTI price falls to $50 US a barrel

The price of a barrel of the most common blend of U.S. oil fell to its lowest level in more than a year, as fears of a global supply glut came roaring back to life. A barrel of West Texas Intermediate was going for $50.39 US a barrel, down by $4.24 on the day. WTI […]