Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,074.30, up 0.72 of a point) Aurora Cannabis Inc. (TSX:ACB). Healthcare. Up 32 cents, or 4.98 per cent, to $6.74 on 20.3 million shares. The Alberta-based cannabis producer has signed a deal to acquire greenhouse design firm Larssen Ltd. Aurora says it intends to use its ownership of Larssen to pressure other... Read More

Quebec biofuel company partners with Qantas in first long-term airline deal

Quebec biofuel company partners with Qantas in first long-term airline deal
MONTREAL — A Quebec biofuels company has signed its first deal to power an airline’s jets with energy grown from Canadian oilseeds. Agrisoma Biosciences Inc. of Gatineau will supply biofuel to Australia’s Qantas Airways made from Carinata seed, a non-food, industrial type of mustard seed that produces oil suitable for aviation and diesel fuel. The partnership is the first of its kind in Australia... Read More

Seven Generations shares slide after it increases 2018 capital spending plan

Seven Generations shares slide after it increases 2018 capital spending plan
CALGARY — Shares in Seven Generations Energy Ltd. (TSX:VII) fell by almost 10 per cent in morning trading after it announced plans to increase spending by five per cent to about $1.75 billion next year, despite an uncertain oil and gas price outlook. The Calgary-based company says its budget will allow it to grow production from its Montney wells in northwestern Alberta by around 15... Read More

New Cenovus Energy CEO says he will fix balance sheet and regain trust

New Cenovus Energy CEO says he will fix balance sheet and regain trust
CALGARY — The new CEO of Cenovus Energy Inc. (TSX:CVE) says he will focus on paying down debt through asset sales as he works to regain the trust of investors. Alex Pourbaix, 52, says he wants to ensure the Calgary-based company produces oil and gas that’s cost competitive with any other region of the world to ensure ongoing profitability. The lawyer who retired... Read More

Alberta puts up $40M to help workers transition during coal-power phase-out

Alberta puts up $40M to help workers transition during coal-power phase-out
EDMONTON — Alberta is putting aside $40 million to help workers losing their jobs as the province transitions away from thermal coal mines and coal-fired power plants over the next decade. Labour Minister Christina Gray says the money will top up benefits to 75 per cent of a worker’s previous earnings during the time they collect employment insurance. Alberta is... Read More

Nova Scotia buildings to feed solar power to grid under new program

Nova Scotia buildings to feed solar power to grid under new program
HALIFAX — Universities, municipalities and Mi’kmaq communities will generate electricity for local grids under a new Nova Scotia solar energy program. Among 18 initial participants is Halifax’s Atlantic School of Theology, which has signed a 20-year deal to sell its solar power. Up to 50 kilowatts of electricity will be generated by 115 solar panels on the roof of the university’s... Read More

Time to turn the tide against anti-petroleum politicians

Time to turn the tide against anti-petroleum politicians
Ordinary Canadians need to protect their investment in the resource sector – and the quality of life we enjoy because of it – from the duplicity of politicians By Bill Whitelaw President and CEO JuneWarren-Nickle’s Energy Group Canada has millions of passive oil and gas investors who just don’t know how their dollars are working for them. They have no... Read More

‘Overreaching extensively:’ Notley wants Trans Mountain delays dealt with

‘Overreaching extensively:’ Notley wants Trans Mountain delays dealt with
CALGARY — Alberta Premier Rachel Notley says she wants the National Energy Board to move quickly to remove roadblocks on the Trans Mountain pipeline expansion project. The City of Burnaby, B.C., hasn’t issued necessary permits to allow Kinder Morgan Canada Ltd. (TSX:KML) to expand its pipeline from the Edmonton area to a tank farm and port in Burnaby. Trans Mountain wants the... Read More

Site C dam not within budget, could cost more than $10B: utilities commission

Site C dam not within budget, could cost more than $10B: utilities commission
VICTORIA — The British Columbia government will decide the future of the Site C hydroelectric dam by the end of the year after an independent review concluded the $8.3 billion megaproject is over budget and behind schedule. The British Columbia Utilities Commission says the dam is not likely to be completed by a 2024 deadline and could end up costing... Read More