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  • A road map to Canadian pot-stock earnings

    November 9, 2018 6:43 PM 21

    Four of Canada’s largest pot companies report earnings this week and while it’s too early for any post-legalization numbers, executive commentary should begin to divide the winners from the losers. Aurora Cannabis Inc. reports Monday, followed by Cronos Group Inc. on Tuesday morning, Tilray Inc. post-market Tuesday and Canopy Growth Corp. on Wednesday

  • TransCanada says it is committed to Keystone XL pipeline after judge orders halt

    November 9, 2018 4:09 PM 13

    Last January, TransCanada said it had secured shipping commitments totalling roughly 500,000 barrels a day on the line, including a deal with the Alberta government to ship 50,000 barrels a day of provincially owned crude. Other Keystone XL shippers include major Calgary-based oilsands producers Canadian Natural Resources Ltd., Suncor Energy Inc. and Cenovus

  • Recipe Unlimited reports $23.8M Q3 profit up from $21.2M year ago

    November 9, 2018 2:58 PM 16

    VAUGHAN, ONT.—Recipe Unlimited Corp. earned $23.8 million in its latest quarter, up from $21.2 million a year ago. The company formerly known as Cara Operations says the profit amounted to 37 cents per diluted share for the three-month period ended Sept. 30, up from 34 cents per share a year ago. On an adjusted basis, Recipe Unlimited says it earned

  • Boeing 757 crash in Guyana injures six passengers

    November 9, 2018 2:40 PM 14

    The aircraft, a Boeing 757-200 according Flightradar 24, was bound for Canada when it suffered a hydraulic issue after take-off, AFP reported, citing Guyana’s infrastructure minister, David Patterson. The twin-engine jet skidded off the runway, injuring half a dozen people, according to the report. The plane is a much older model than the Boeing 737 Max operated

  • Keystone XL ruling comes at worst time for Canadian oil industry

    November 9, 2018 2:33 PM 15

    Keystone XL was seen as a major step toward solving that problem. The pipeline would have added 830,000 barrels of daily shipping capacity — about 4.2 percent of U.S. oil demand — when it came into service, which was expected to happen in 2021. Any potential setback will make other projects, including Enbridge Inc.’s Line 3 expansion and the federal

  • Keystone XL pipeline project blocked by judge in Montana

    November 9, 2018 2:26 PM 13

    The Indigenous Environmental Network, River Alliance and Northern Plains Resource Council filed a pair of lawsuits against the U.S. in March 2017 shortly after U.S. President Donald Trump gave his approval for the project to cross the U.S.-Canada border. TransCanada joined the litigation to defend the permit approval. U.S. District Judge Brian Morris

  • Enerplus third-quarter profits up from year ago, boosted by higher prices and production

    November 9, 2018 1:53 PM 12

    CALGARY—Enerplus Corp. reported a third-quarter profit of $86.9 million, up from $16.1 million a year ago, boosted by higher energy prices and increased production. The oil and gas producer says its profit amounted to 35 cents per diluted share for the three months ended Sept. 30, up from seven cents per diluted share a year ago. Oil and natural gas sales

  • U.S. judge blocks construction of Keystone XL pipeline

    November 9, 2018 6:30 AM 12

    Indigenous and environmental groups had sued TransCanada and the U.S. Department of State after Nebraska authorities approved an alternative route to the one TransCanada had proposed through the state. The groups argued the U.S. State Department violated several acts in issuing a presidential permit for the pipeline without a proper environmental assessment

  • Subaru recalls 640K vehicles globally for stalling problems

    November 9, 2018 12:24 AM 12

    DETROIT—Subaru is recalling about 640,000 vehicles worldwide to fix two problems that can cause them to stall. The first recall covers about 229,000 Outback and Legacy vehicles in the U.S. from the 2018 model year. Government documents state a software problem can stop the low-fuel warning light from illuminating and make the miles-to-empty display inaccurate

  • Martinrea misses expectations despite earning a record $36.4 million Q3

    November 8, 2018 10:57 PM 13

    Executive chairman Rob Wildeboer said the company is pleased with the USMCA trade agreement involving Canada, the U.S. and Mexico, especially the automotive provisions that will support a continued strong North American automotive industry and supply base. “We were very well-positioned to benefit from NAFTA, and we remain very well-positioned to benefit