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Feb 14, 2014

Canada plans 2015 tax breaks but mum on income-split pledge

OTTAWA/NORTH VANCOUVER, British Columbia, Feb 14 (Reuters) -
C anada’s Conservative government will deliver tax relief to
families when it balances the budget in 2015, Finance Minister
Jim Flaherty said on Friday, but he wouldn’t confirm whether it
will stick to a controversial pledge on “income splitting”.

The Conservatives pledged in 2011 that once the budget is
balanced they would let couples with children reduce taxes by
sharing their income for tax purposes, similar to U.S. rules
whereby couples get a lower tax bracket when they file jointly.

Feb 13, 2014

Cenovus slows Foster Creek expansion; earnings disappoint

Feb 13 (Reuters) – Cenovus Energy Inc said on
Thursday it will take longer than expected to bring its Foster
Creek oil sands project in Alberta to its full production rate
as the company delayed optimization work until after an
expansion is completed.

The Calgary-based energy company also reported
fourth-quarter operating profit below analyst estimates, as
higher output at its Christina Lake oil sands project was offset
by a cut in production and higher costs at Foster Creek.

Feb 11, 2014

Brain-dead Canadian woman dies after baby boy born

VANCOUVER, Feb 11 (Reuters) – A 32-year-old Canadian woman
who had been declared brain dead in December and kept on life
support for six weeks died on Sunday soon after giving birth to
a baby boy.

Robyn Benson was just 22 weeks pregnant when she collapsed
from a cerebral hemorrhage and was declared brain dead. Doctors
in Victoria, British Columbia, kept her alive at her husband’s
request so that their unborn baby would have a better chance of

Feb 6, 2014

Green groups step up opposition to eastward Canada pipeline

VANCOUVER, Feb 6 (Reuters) – Environmental groups are
stepping up efforts to convince Canadian authorities to reject a
major new pipeline to the east coast, with one think tank saying
on Thursday that filling the new line would generate up to 45
percent more carbon emissions than the controversial Keystone

The estimate by the Pembina Institute, which has opposed oil
sands development, is the latest salvo in the battle by some
groups to block plans to build new pipelines from Canada’s oil
patch. Greenpeace, the Council of Canadians and other groups
have previously spoken out against Energy East.

Feb 6, 2014

M&A-shy mining majors eye junior partnerships to grow reserves

VANCOUVER, Feb 6 (Reuters) – At a time when major miners
have turned gun-shy on acquisitions after a rash of
value-busting deals, two big players made it clear last week
that they are still keen to partner with junior firms on
high-quality, early-stage projects.

Under pressure from investors to retreat from large,
capital-intensive projects, companies like Canada’s Teck
Resources Ltd and Poland’s KGHM Polska Mied SA
are looking to tiny exploration companies to secure
future output.

Feb 4, 2014

Brain-dead Canadian woman kept on life support to save fetus

VANCOUVER, Feb 4 (Reuters) – A 32-year-old Canadian woman
who has been declared brain dead is being kept on life support
in a Victoria, British Columbia hospital, with doctors working
to keep her alive long enough to deliver her unborn son.

Robyn Benson was just 22 weeks pregnant when she complained
of a headache and then collapsed on her bathroom floor,
according to postings on a blog and fundraising site by her
husband Dylan Benson. Her fetus, already named Iver Cohen
Benson, has continued to grow in the womb.

Jan 31, 2014

TransCanada lauds U.S. review of Keystone XL project

CALGARY/VANCOUVER Jan 31 (Reuters) – TransCanada Corp’s
chief executive welcomed a favorable U.S. environmental
review of the company’s Keystone XL project on Friday, calling
the report an important milestone for the final approval of the
controversial pipeline.

The U.S. State Department issued its long-awaited Final
Supplemental Environmental Impact Statement on the $5.3 billion
pipeline project on Friday. It concluded that allowing the line
to proceed would not raise the pace of development in Canada’s
oil sands, a key argument of the pipeline’s opponents.

Jan 6, 2014

Canada PM says confident Keystone XL pipeline will be approved

VANCOUVER, Jan 6 (Reuters) – Canadian Prime Minister Stephen
Harper said on Monday he was confident that TransCanada Corp’s
controversial Keystone XL pipeline would be eventually
approved by U.S. authorities.

U.S. President Barack Obama is set this year to decide the
fate of the northern leg of the proposed project, which would
carry crude from the Alberta oil sands in Canada to the U.S.
Gulf Coast. Obama is under heavy pressure from environmental
activists to block the pipeline.

Jan 6, 2014

Canada’s Harper sees brighter 2014, cites U.S. growth

VANCOUVER, Jan 6 (Reuters) – Canadian Prime Minister Stephen
Harper said on Monday he is more optimistic about the economy in
2014 than in past years because of evidence of stronger growth
in the United States and a comeback in Europe.

While the export-dependent Canadian economy will inevitably
be buffeted by global ups and downs, its fundamentals are
strong, Harper said, citing the country’s fiscal record, banking
sector and labor force.

Dec 23, 2013

Canadian aboriginals dig in as pipeline decision nears

CALGARY/VANCOUVER, Dec 23 (Reuters) – Canada’s push to build
its first major conduit for shipping oil to Asia took a step
forward last week, but the government’s fractious relations with
the country’s aboriginal First Nations still loom as a
formidable obstacle to the project.

Native groups in British Columbia are promising legal action
and civil unrest after regulators on Thursday gave their
blessing to Enbridge Inc’s C$7.9 billion ($7.4 billion)
Northern Gateway pipeline. That could scupper the project
outright, or at least delay construction of the 1,177-kilometer
(730-mile) line for years.

    • About Julie

      "I currently cover mining and minerals out of the Toronto bureau, where I focus on uranium, silver, platinum, lithium and REEs. Prior to moving to the mining sector, I worked as an online editor and video producer for Reuters.com. I started at Reuters as a TV intern in Chile and before that, I freelanced in Eastern Europe and spent eight months living in the Galapagos Islands."
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