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  • CP Rail improves wheat shipment, despite extreme cold

    August 20, 2018 11:56 PM 16

    Despite high crop yields in Western Canada, Canadian National Railway Co. shipped 24 million metric tonnes of grain in the 2017-18 crop year, four per cent less than the previous year, due in part to a frigid Prairie winter. Rival Canadian Pacific Railway Ltd., meanwhile, nudged up its numbers one per cent year over year, shipping nearly 26 million metric

  • Gold investors ‘give up hope’ as biggest short in history builds

    August 20, 2018 4:35 PM 14

    While investors in the world’s largest ETF market have pulled $1.4 billion (U.S.) from gold-backed funds this year, it’s a different story for non-dollar-based buyers in the rest of the world. In Europe, gold ETFs have added $1.3 billion since January, led by the X-Trackers Physical Gold product, which has more than tripled in size. Money managers across

  • Walmart eyes virtual reality shopping system, according to patent filings

    August 18, 2018 1:49 AM 13

    Trekking through a crowded, cavernous Walmart supercentre isn’t much fun. But what if you could do it from the comfort of your own home through virtual reality? The world’s biggest retailer wants to find out, according to filings with the U.S. Patent and Trademark Office. The company has applied for two patents that detail a “virtual show room” and fulfilment

  • No changes planned to push Irving out of National Shipbuilding Strategy, Brison says

    August 17, 2018 9:06 PM 12

    “The men and women of the Halifax Shipyard are concerned that these remarks signal the possible redirection of shipbuilding work out of Atlantic Canada. These are well-paying, good jobs, won fairly through a competitive process.” But Scott Brison, a Nova Scotia MP and president of the Treasury Board of Canada, said Irving’s role within the shipbuilding

  • Stocks in Toronto higher, inflation report helps boost loonie

    August 17, 2018 5:15 PM 12

    In New York, the Dow Jones industrial average was up 7.89 points at 25,566.62. The S&P 500 index was down 3.27 points at 2,837.42, while the Nasdaq composite was down 45.60 points at 7,760.93. The Canadian dollar traded up at 76.38 cents US compared with an average of 76.03 on Thursday after Statistics Canada reported the annual inflation rate hit 3.0 per cent in July, its highest

  • Thanks to e-commerce, Vancouver is the world’s hottest warehouse market

    August 17, 2018 1:37 PM 12

    It’s great news for landlords but underscores how Metro Vancouver is running out of the kind of land that supports one in four jobs — and often some of the best-paying ones. Geographic constraints like mountains and water are one issue. But vast swathes of prime property near the city are reserved for agricultural use, while rezoning industrial land to residential

  • Keystone XL oil pipeline sent back for new environmental review

    August 16, 2018 6:25 PM 13

    HOUSTON — The U.S. State Department must conduct a new environmental review for the Keystone XL crude pipeline, a federal judge ruled, dealing a blow to a project supported by President Donald Trump in his first few days in office. U.S. District Court Judge Brian Morris in Montana sided with Indigenous and environmental groups in ruling Wednesday that a revised

  • Canadian manufacturing sales gain 1.1 per cent in June

    August 16, 2018 6:19 PM 16

    OTTAWA—Canadian manufacturing sales rose more than expected in June, boosted by a 16 per cent surge in oil and coal shipments. Statistics Canada said Thursday manufacturing sales were up 1.1 per cent to $58.1 billion in June, following a 1.5 per cent increase in May. “Coupled with other better recent economic data — and absent an unexpected shock — the economic

  • Eastern Canadian LNG project wins buyers in shadow of western rival

    August 16, 2018 5:52 PM 15

    Royal Dutch Shell Plc’s giant liquefied natural gas project in western Canada may be grabbing the headlines, but a smaller rival in the east is busy lining up another customer from Europe. Pieridae Energy is negotiating a binding agreement to supply LNG from its proposed Goldboro project in Nova Scotia to Axpo Holding AG, an energy company in Switzerland

  • Aecon Group receives approval to rejoin Gordie Howe bridge consortium

    August 15, 2018 6:22 PM 11

    The consortium, which also includes ACS Infrastructure Canada Inc., Dragados Canada Inc. and Fluor Canada, was selected as the preferred proponent for the project in July. Aecon was initially part of the group but pulled out in May as it was undergoing a federal review about a proposed takeover by a Chinese state-owned company that was ultimately blocked