CALGARY – Enbridge Inc. has signed a deal to sell its natural gas distribution business in New Brunswick to Algonquin Power and Utilities Corp. for $331 million in cash. Enbridge Gas New Brunswick operates and maintains more than 1,200 km…
CALGARY – Oil market analyst Kevin Birn likens Western Canada’s crude supply to a bathtub with a drain that’s too small to keep up with the increasing volume pouring out of the tap. As barrels of surplus oil lap the…
TORONTO – Canada’s main stock index was up in late-morning trading after Alberta’s announcement that it will impose oil production cuts on the sector helped lift the market. The S&P/TSX composite index was up 25.10 points at 15,222.92. In New…
CALGARY – Canadian oil and gas companies finding little love in the stock market are repurchasing their neglected shares, driving a rise in share buybacks that’s already reached a record high this year. Using scarce dollars to buy your own…
HALIFAX – A proposal to pump millions of litres of treated pulp mill waste into the Northumberland Strait is a clear case for Ottawa’s toughest environmental review process, say veteran fisheries scientists, who contend many questions remain on how a…
Prime Minister Justin Trudeau’s recent visit to Calgary drew thousands of protesters frustrated by the low price for Alberta oil in the United States and the federal government’s failure to oversee construction of a pipeline. In response, Trudeau acknowledged “this…
OTTAWA – Alberta Premier Rachel Notley says her government will buy its own rail cars to transport more oil to market. She says her province wanted co-operation from the federal government to buy them, but with Alberta oil prices just…
CALGARY – Hundreds of protesters chanting “Build that pipe now” jammed a downtown Calgary street for the second time in five days on Tuesday, this time to mark a speech by federal Finance Minister Bill Morneau. Organizer James Robson with…
VICTORIA – British Columbia is backing the federal government in its court battles with Saskatchewan and Ontario over Ottawa’s plan to put a minimum price on carbon pollution. Attorney General David Eby said Tuesday that B.C. will argue the federal…
VICTORIA – First Nations leaders from British Columbia told a National Energy Board hearing in Victoria that there are serious concerns about the potential impacts of an expanded Trans Mountain pipeline on their homelands. Two leaders representing the Fraser Valley’s…