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  • Canada at Crossroads in Bid to Become Energy Superpower

    December 2, 2013 8:05 PM 18

    Canada’s bid to become what Prime Minister Stephen Harper calls an energy “superpower” is at risk as approval delays for new pipelines threaten an industry already hurt by high costs and rival production. The world’s sixth-largest crude producer can’t get its surging crude supplies to markets in Asia where prices are higher than in North America. Decisions

  • WestJet unveils Disney-themed 'Magic Plane'

    December 2, 2013 7:49 PM 19

    Air New Zealand's Boeing 777-300 aircraft bearing the image of the mythical dragon Smaug from the Hobbit trilogy isn't the only magic-themed jet making its debut today. Today in Calgary, WestJet, WestJet Vacations and Walt Disney Parks & Resorts (Canada) unveiled a custom-painted Boeing Next-Generation 737-800 series aircraft featuring Mickey Mouse as Sorcerer

  • Newfoundland and Labrador forecasts deficit of $450.6M

    December 2, 2013 3:31 PM 22

    ST. JOHN'S, N.L. - Newfoundland and Labrador is now projecting a lower deficit of $450.6 million as it released its fiscal update. That's down from a deficit of almost $564 million projected in the provincial budget last March. Finance Minister Tom Marshall says overall government expenses are expected to be lower while the predicted price of oil is higher

  • NTSB plans interviews Mon. or Tues. with engineer, conductor in fatal NYC train derailment

    December 2, 2013 1:51 PM 24

    NEW YORK, N.Y. - A member of the National Transportation Safety Board says investigators plan to conduct interviews Monday or Tuesday with the engineer and conductor of the train involved in a fatal derailment in New York City. The NTSB's Earl Weener said Monday at the crash site that a second data recorder was found in the train's front car and has been sent to Washington

  • TSX may open higher; China's manufacturing data support

    December 2, 2013 1:20 PM 16

    (Reuters) - Canadian stock index futures pointed to a higher open on Monday as China's manufacturing data calmed worries about the health of the world's second-biggest economy. * Increasing demand for manufactured goods drove global factory activity higher last month but the spurt in the euro zone masked a widening disparity among some of the bloc's

  • Recent train wrecks not enough to shake Edmonton expert's faith in Canadian rail safety

    December 2, 2013 11:34 AM 19

    Investigators survey the site of a train derailment near the hamlet of Gainford, west of Edmonton October 20, 2013. The Canadian National Railway train carrying petroleum crude oil and liquefied petroleum gas derailed west of Edmonton, Alberta, the Transportation Safety Board of Canada said on October 19. REUTERS/Dan Riedlhuber (CANADA - Tags: DISASTER

  • Champlain replacement will be delivered by 2018, three years early

    December 1, 2013 8:19 PM 27

    MONTREAL -- The replacement for the troubled Champlain Bridge will be delivered by 2018, three years ahead of schedule, federal Transport Minister Denis Lebel announced Sunday afternoon. Lebel said the international bridge design competition will be scrapped in order to save construction time. The bridge procurement process is set for spring 2014. "We will not cut corners

  • Edmonton police investigating after injured man dies

    December 1, 2013 5:54 PM 16

    Edmonton police are searching for a “helpful citizen” who assisted an injured victim downtown last week. Officers found a 54-year-old injured man in the lobby of a building at 100 Street and 103 Avenue at 4 a.m. Thursday, November 28. The man was taken to hospital with injuries that police believe were a result of being hit by a vehicle. However, the victim

  • December trading off to busy start with bank earnings, rate announcement

    December 1, 2013 4:27 PM 19

    TORONTO -- Investors will have plenty to take in as the last month of 2013 begins, including the Bank of Canada's next interest rate announcement on Wednesday. In addition, a slew of top-drawer economic data could provide clues about when the Federal Reserve might start cutting back its monetary stimulus. And traders will also look forward to what is expected

  • Electricity rates to keep rising as energy plan released

    December 1, 2013 4:13 PM 33

    TORONTO -- There will be a new focus on helping Ontario consumers better control their electricity costs when the Liberal government releases its long-term energy plan Monday, but the bottom line is rates will continue to increase. Electricity rates in Ontario increased an average of 3.4 per cent each year since the Liberals were elected in 2003, slightly