Julie's Feed
Dec 17, 2014

Canada seeks 50 millionaires for test of immigration program

VANCOUVER, Dec 17 (Reuters) – Canada is looking for 50
wealthy foreigners to join a pilot run of an immigration program
for millionaires, although applicants will have to be far richer
than those who entered under a previous scheme and will also
need language skills to get in.

The federal government, which scrapped its previous investor
class visa earlier this year amid criticism it was allowing rich
Chinese to buy their way into Canada, will start accepting
applicants for the new Immigrant Investor Venture Capital plan
in January.

Dec 16, 2014

Canada West Coast ports offer little relief from U.S. delays

VANCOUVER, Dec 16 (Reuters) – The gridlock at U.S. West
Coast ports that has forced McDonald’s to ration French fries at
its Japanese restaurants and interrupted supplies to retailers
such as Lululemon is unlikely to be alleviated by routing
cargoes through Canada, whose Pacific ports face their own

Capacity is already limited at Canada’s largest port, Port
Metro Vancouver, which is also staring at the possibility of
another crippling strike by container truck drivers.

Dec 4, 2014

Enbridge shares surge on restructuring, dividend hike

VANCOUVER, Dec 4 (Reuters) – Shares of Enbridge Inc
surged more than 12 percent to a record high on Thursday, a day
after the company outlined plans to transfer ownership of its
Canadian pipelines to an affiliate and boost its dividend by 33

Canada’s largest pipeline operator said late Wednesday it
will move C$17 billion ($15 billion) worth of assets to its
subsidiary, Enbridge Income Fund.

Dec 3, 2014

Petronas delays go-ahead for Canadian LNG project, cites costs

VANCOUVER, Dec 3 (Reuters) – Petronas, Malaysia’s
state-owned oil and gas company, delayed giving the final
go-ahead on Wednesday for its planned investment in a $11
billion liquefied natural gas export terminal in British
Columbia, citing high costs and other outstanding issues.

“Costs associated with the pipeline and LNG facility remain
challenging and must be reduced further before a positive FID
(final investment decision) can be undertaken,” the company said
in a statement.

Nov 26, 2014

TransCanada parts ways with PR firm after campaign controversy

VANCOUVER, Nov 26 (Reuters) – TransCanada Corp will
not renew its contract with U.S. public relations company
Edelman after a leaked pitch for a campaign against opponents of
one of the Canadian pipeline operator’s biggest projects drew
heavy criticism.

The two companies agreed not to extend the contract when it
runs out at the end of December, Edelman said in a statement on

Nov 21, 2014

Canada sees Burger King/Tim Hortons decision before Christmas

VANCOUVER (Reuters) – The Canadian government will decide before Dec. 25 on whether to approve the takeover by U.S.-based Burger King Worldwide Inc (BKW.N: Quote, Profile, Research, Stock Buzz) of Canada’s iconic coffee-and-donut Tim Hortons Inc (THI.TO: Quote, Profile, Research, Stock Buzz), Industry Minister James Moore said on Friday.

“Soon, soon,” the minister said, when asked by Reuters when a decision could be expected. “Before Christmas,” he added.

Nov 20, 2014

Canadian police arrest protesters at Kinder Morgan work site

VANCOUVER, Nov 20 (Reuters) – Canadian police said on
Thursday they arrested environmental protesters who have been
blocking work at two Kinder Morgan Energy Partners LP
sites in the Vancouver suburb of Burnaby, three days after a
court injunction for their removal came into effect.

Kinder Morgan, which hopes to triple the size of its
300,000-barrel-per-day Trans Mountain pipeline, plans to bore
two holes deep into Burnaby Mountain to test if it will be
possible to run the expanded pipeline under the conservation
site, which is a popular hiking and picnic area for locals.

Nov 19, 2014

TransCanada sees crude-by-rail investment even if Keystone built

VANCOUVER, Nov 19 (Reuters) – TransCanada Corp is
in talks to get into the crude-by-rail business and will
probably do so even if its long-delayed Keystone XL pipeline
gets its U.S. permits next year, its chief executive said on

While Canada’s No. 2 pipeline operator has not yet signed
any definitive agreements, it is in active negotiations with
producers and other shippers on opportunities, CEO Russ Girling
said on a conference call.

Nov 2, 2014

Promise of ‘Captain America’ fading for Asia’s LNG buyers

SINGAPORE, Nov 3 (Reuters) – North American liquefied
natural gas projects, once believed to be the panacea that would
save Asia from paying top dollar for the super chilled fuel, are
proving to be less of a gamechanger than originally expected.

High costs, gruelling regulatory processes and mounting
social opposition have slowed the development of new capacity in
Canada and the United States, tempering early hopes that a flood
of cheap western gas would drive down prices.

Oct 31, 2014

Weak oil prices to continue, demand outlook bleak-industry

SINGAPORE, Oct 31 (Reuters) – Oil prices are likely to be
mired near their lowest levels in more than four years in 2015
and investments will take a backseat, underlining a gloomy
outlook for the industry.

A global supply glut and demand concerns have battered oil
prices, wiping out a quarter of their value over four months and
putting some high-cost energy projects at risk.

    • About Julie

      "I am based in Vancouver, where I focus on energy, foreign investment and the city's 'west west' housing market. Prior to moving to Vancouver, I primarily covered the Canadian mining industry out of Toronto. Before that I was an online editor and video producer for Reuters.com. I started at Reuters as a TV intern in Chile, where I had the opportunity to visit the Atacama desert and a giant copper mine for stories. Before becoming a journalist, I spent eight months living in the Galapagos Islands, where I swam with sea turtles and hiked through sleeping volcanoes."
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