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  • CN Rail lining up pilot plant partners to make oilsands bitumen pucks

    December 27, 2018 10:38 PM 126

    CALGARY—Canadian National Railway Co. says it is planning to build a pilot plant worth up to $50 million next year to create pucks made of oilsands bitumen to transport by rail and ships to customers around the world. CN has been working for years on a technology that mixes and coats the heavy, sticky oil with polymer plastic, creating a pellet-shaped

  • Too much oil, not enough pipelines, ‘primary factor’ in price plummet

    December 27, 2018 8:36 PM 101

    The NEB says it has launched an online forum to gather public input and will meet with pipeline companies, producers, shippers, government officials and other experts in January to gather more answers for the minister. The report notes that about one million barrels per day of nameplate Canadian oil pipeline capacity was added between 2013 and 2016 but there

  • Toronto stock index, loonie start week moderately lower as U.S. markets plunge

    December 24, 2018 3:27 PM 107

    The S&P/TSX composite index was down 45.80 points at 13,889.64 after the first 90 minutes of a shortened trading day. The Toronto Stock Exchange closes at 1 p.m. and reopens Thursday after a two-day holiday. In New York, the Dow Jones industrial average was down 309.15 points at 22,136.22. The S&P 500 index was down 19.05 points at 2,397.83, while the Nasdaq

  • Air Canada gets regulatory OK to buy Aeroplan

    December 24, 2018 2:59 PM 138

    Under their agreement, Air Canada will buy the Aeroplan business from Aimia for cash and also assume $1.9 billion of liabilities to points holders — partially backed by two banks that offer Aeroplan credit cards. Toronto-Dominion Bank and the Canadian Imperial Bank of Commerce will pay Air Canada about $1.2 billion in total. The banks and Visa have agreed

  • Medicine is the real pot of gold for the cannabis industry

    December 24, 2018 10:00 AM 152

    Politics, or geopolitics, will also determine Trudeau’s decisions in this debacle. Among the ideal options is to release Meng Wanzhou in exchange for freeing the Canadian nationals. And to grant Huawei, which employs about 500 people in its extensive Canadian R&D operations, the access it craves to Canada’s 5G network, provided Huawei share its technology

  • Hand-held self-checkout emerges at Canadian retailers with middling results

    December 23, 2018 5:09 PM 139

    He has noticed customers prefer hand-held self-checkout when buying a few items, but that letting a cashier ring up a purchase is more ideal when someone has a full cart or basket. “(Hand-held self-checkout) is not for everyone and it is not for every occasion,” he said. “I know some retailers have had checkout on the app and some customers liked it and some didn’t

  • MEG Energy to waive rights plan in takeover fight with Husky Energy

    December 21, 2018 6:12 PM 124

    MEG noted that since Husky announced its intention to make its offer on Sept. 30, Husky’s share price has fallen more than 30 per cent, eroding the value of the offer. The takeover was worth about $3.3 billion when proposed in September but has fallen to less than $2.5 billion because of deterioration in Husky’s share price. Earlier this week, a CIBC oil and gas analyst

  • Factories lead Canada’s fastest economic growth in five months

    December 21, 2018 2:14 PM 124

    Canadian gross domestic product grew at the fastest pace in five months on a lift from manufacturing, giving the economy fresh momentum to open the fourth quarter. Output grew 0.3 per cent in October, Statistics Canada said Friday from Ottawa, faster than the median forecast in a Bloomberg economist survey of 0.2 per cent. Factory production expanded

  • Enerjet aims to take off in crowded budget carrier market next year

    December 20, 2018 6:49 PM 125

    CALGARY—The discount airline market is set to become even more crowded, as charter flight company Enerjet aims to relaunch itself as an ultra-low-cost carrier in 2019 after a decade of transporting oilsands workers and tour passengers. An investment group headed by Tim Morgan says it plans to take off in a Canadian market that already includes WestJet

  • Northeast drivers may get wet roads for early Christmas present

    December 20, 2018 2:22 PM 128

    New York, Washington and the rest of the East Coast will get soaked with heavy rain through Saturday, just as travellers hit the road for Christmas. “It’s an impressive storm that’s developing today,” said Patrick Burke, a lead forecaster at the U.S. Weather Prediction Center in College Park, Maryland. “It’s going to deliver a widespread 1 to 8 centimetres