Keystone XL setback will cost Canadian industry ‘millions’, says association

Keystone XL setback will cost Canadian industry ‘millions’, says association
CALGARY — The Canadian oil industry reacted with frustration and bitterness Friday after a U.S. judge ordered a halt to the Keystone XL pipeline project until it passes further environmental review. The decision on Thursday means longer delays in finding a way to drain a glut of oil in Western Canada that has driven price discounts to multi-year highs and stalled investment, said Tim... Read More

Sidewalk Labs to weigh suggestions from panel for Toronto smart city project

Sidewalk Labs to weigh suggestions from panel for Toronto smart city project
TORONTO — Sidewalk Labs is keen on reviewing and potentially implementing recommendations made by a panel of millennials for the Alphabet Inc.-backed company’s proposed high-tech community in Toronto. The recommendations for the smart city being developed in conjunction with Waterfront Toronto touch on the project’s housing strategy, transit policies, design techniques and even its data and privacy measures, which have been marred in controversy for months because... Read More

Air Transat president resigns after five years at the helm of the airline

Air Transat president resigns after five years at the helm of the airline
MONTREAL — The president of Air Transat is leaving the airline after five years at the helm. Tour company Transat A.T. Inc. announced Friday that Jean-Francois Lemay will leave the subsidiary in a few months. Lemay, who has been with the company for seven years, is leaving to “take on new challenges,” chief operating officer Annick Guerard says in a release. A... Read More

Martinrea misses expectations despite earning a record $36.4 million Q3

Martinrea misses expectations despite earning a record $36.4 million Q3
TORONTO — Martinrea International Inc. says it earned a record $36.4 million in the third quarter despite modest tariff effects and foreign exchange losses. The Toronto-based auto parts manufacturer says it earned 42 cents per share for the period ended Sept. 30. That’s unchanged from the prior year when its net income was $36.2 million. Excluding one-time items, adjusted profits rose... Read More

TransCanada says it is committed to Keystone XL pipeline after judge orders halt

TransCanada says it is committed to Keystone XL pipeline after judge orders halt
CALGARY — The Canadian proponent of the $10-billion Keystone XL crude pipeline says it remains committed to the oft-delayed project despite a Montana judge’s ruling that it must pass a further environmental review. TransCanada Corp. spokesman Terry Cunha says the company has received the judge’s ruling and is reviewing it. U.S. District Judge Brian Morris put the project on hold, ruling that... Read More

Uber guideline now prohibits broadcasting passenger images

Uber guideline now prohibits broadcasting passenger images
ST. LOUIS — The ride-hailing company Uber instituted a new guideline prohibiting drivers from broadcasting passengers’ images amid privacy concerns after a St. Louis-area driver posted hundreds of videos. The new guideline was put in place at the end of September, an Uber spokesman said Thursday. It allows drivers to use video cameras, dash cameras and other recording devices for... Read More

Recipe Unlimited reports $23.8M Q3 profit up from $21.2M year ago

Recipe Unlimited reports $23.8M Q3 profit up from $21.2M year ago
VAUGHAN, Ont. — Recipe Unlimited Corp. earned $23.8 million in its latest quarter, up from $21.2 million a year ago. The company formerly known as Cara Operations says the profit amounted to 37 cents per diluted share for the three-month period ended Sept. 30, up from 34 cents per share a year ago. System sales totalled $879.8 million, up from... Read More

Enerplus Q3 profit up from year ago, boosted by higher prices and production

Enerplus Q3 profit up from year ago, boosted by higher prices and production
CALGARY — Enerplus Corp. reported a third-quarter profit of $86.9 million, up from $16.1 million a year ago, boosted by higher energy prices and increased production. The oil and gas producer says its profit amounted to 35 cents per diluted share for the three months ended Sept. 30, up from seven cents per diluted share a year ago. Oil and... Read More