New marine fuel standards expected to hit prices for oilsands crude in 2020

New marine fuel standards expected to hit prices for oilsands crude in 2020
CALGARY — Canada’s oilsands industry, hard hit by a price storm this year, could be sailing straight into a pricing typhoon stirred up by new fuel standards for the international shipping industry. The tighter pollution rules by the International Maritime Organization, dubbed IMO 2020, are set to take effect Jan. 1, 2020, resulting in the sulphur content limit of “bunker” fuel on ships dropping from 3.5 per... Read More

CP Rail orders 1,000 grain cars from Hamilton company, 500 in service this year

CP Rail orders 1,000 grain cars from Hamilton company, 500 in service this year
CALGARY — Canadian Pacific Railway Ltd. says it expects to have more than 500 new high-capacity grain hopper cars in service before the end of 2018. The Calgary-based company has placed an initial order for 1,000 cars from Hamilton-based National Steel Car and expects to order a total of about 5,900 of the grain hoppers over the next four years. Canadian... Read More

Uber decries ride-hailing price cap passed in Honolulu

Uber decries ride-hailing price cap passed in Honolulu
Honolulu leaders approved a measure Wednesday to limit prices that ride-hailing services like Uber and Lyft can charge during peak demand, a cap that the companies say would be the first restriction of its kind in the United States. The measure would prevent “surge pricing” if increased rates are higher than the maximum fare set by the city. Honolulu attorneys... Read More

Dollarama’s first-quarter profit rises 7.3% to $101.6 million on higher sales

Dollarama’s first-quarter profit rises 7.3% to $101.6 million on higher sales
MONTREAL — Dollarama Inc. says its first-quarter profit increased to $101.6 million from $94.7 million last year, mainly as a result of increased sales and cost controls. The Montreal-based company’s net income amounted to 92 cents per diluted share, up from 82 cents per share in last year’s fiscal first quarter. Sales for the 13 weeks ended April 29 were $756.1... Read More