VANCOUVER, Nov 5 (Reuters) – TransCanada Corp,
which is backing the controversial Keystone XL oil pipeline,
said on Tuesday its third-quarter profit rose 30 percent on
stronger results from its Canadian natural-gas mainline system
and its electricity operations.
The company, Canada’s No. 2 pipeline operator, also said it
expects to begin filling its Gulf Coast crude oil pipeline
within a few weeks. Construction on the line is 95 percent
VANCOUVER, Oct 30 (Reuters) – Suncor Energy Inc,
Canada’s largest oil and gas company, said on Wednesday it was
moving ahead with its Fort Hills oil sands project in Northern
Alberta, with first production expected as soon as the fourth
quarter of 2017.
The C$13.5 billion ($12.9 billion) project, located some 500
km (310 miles) north of Edmonton, Alberta, is a joint venture
with France’s Total SA and diversified mining company
VANCOUVER (Reuters) – A silver and blue ATM, perched up next to the espresso bar in a trendy Vancouver coffee shop, could launch a new era for the digital currency bitcoin, offering an almost instant way to exchange the world’s leading virtual money for cash.
The value of a bitcoin soared from $13 in January to a high of $266 in April as more businesses and consumers used them to buy and sell online. Some investors are also treating bitcoins like gold, using them to hedge against currency fluctuations and speculating on their rise.
By Julie Gordon
(Reuters) – Police in the eastern Canadian province of New Brunswick arrested about 40 people on Thursday after efforts to dismantle a highway barricade turned violent and protesters against shale gas exploration set several police vehicles on fire.
The incident came in response to a weeks-long protest by activists and local aboriginals, who blocked a road near the town of Rexton to try to slow work by SWN Resources Canada, a subsidiary of Southwestern Energy Co, which is exploring shale gas properties in the area.
VANCOUVER (Reuters) – The top court in British Columbia upheld Canada’s law against assisted suicide on Thursday, in a split decision that will likely set up a Supreme Court battle over the right to die.
The decision in the provincial Court of Appeal follows a controversial lower court ruling that struck down a Canadian law making euthanasia illegal and allowed physician-assisted suicide in certain cases under strict conditions.
VANCOUVER, Oct 7 (Reuters) – British Columbia, eager to
capitalize on a potential boom in natural gas investment,
expects to announce a export tax regime for the nascent industry
next month, a senior provincial government official said on
Rich Coleman, the Canadian province’s minister of energy and
mines, told reporters that the government is negotiating with
the companies that are planning to build liquefied natural gas
(LNG) infrastructure, aiming to find a balance between costs and
By Julie Gordon
(Reuters) – A Canadian start-up wants to turn an empty chocolate factory in eastern Ontario into a production facility for medical marijuana, a possible boost for a local economy that has been hurting since the landmark Hershey plant shut down in 2008.
The old factory, which for decades churned out Hershey chocolate bars, has been conditionally sold to a start-up called Tweed Inc, which plans to use about a third of the 470,000 square foot plant to grow medical marijuana.
LONDON/TORONTO, Sept 16 (Reuters) – Mining group Anglo
American has pulled out of the Pebble copper-gold
project in Alaska, less than two months after pledging to halve
a $17 billion pipeline of potential mines and bring down the
cost of keeping future options open.
The decision, announced on Monday, leaves junior exploration
company Northern Dynasty to push ahead alone with the
plan to develop one of the largest copper-gold deposits in the
world – but also a hugely environmentally challenging project
that has already been studied for almost three decades.
TORONTO, Sept 15 (Reuters) – A few years ago, a successful
run on the festival circuit might have propelled a small
independent film into a limited art-house run and then onto the
shelves of the local video store, where for the most part, it
would be forgotten.
The rise of streaming and Video on Demand (VoD) is changing
that model, allowing independent filmmakers to skip the studio
distribution process and tap directly into new audiences on
their computers, smartphones and television sets.
TORONTO (Reuters) – Ask the new wave of Canadian directors why they’re getting calls from Hollywood and the answer is easy: Canada’s thriving film industry has allowed them the freedom to tell the stories they want to tell, in the way they want.
In a Hollywood built around commercial success – often at the cost of originality – Canadian directors are now bringing their voices to major feature films. So far, the response has been good.