LNG Canada partner Petronas cuts natural gas output due to plunging prices

LNG Canada partner Petronas cuts natural gas output due to plunging prices
CALGARY — Natural gas prices in Western Canada are so low that a partner in the country’s first LNG export project is shutting off money-losing wells and throttling back its exploration program. Malaysian-owned Petronas, which has a 25 per cent interest in the $40-billion LNG Canada project, has been curtailing production by between 50 and 200 million cubic feet per day from wells in northeastern... Read More

Hand-held self-checkout emerges at Canadian retailers with middling results

Hand-held self-checkout emerges at Canadian retailers with middling results
TORONTO — When Chris Cobain heads to Walmart, he dreads the long line-ups at the cash register. That’s why the Toronto-based audio engineer was thrilled when he spotted portable scanners letting customers checkout items as they shopped. He tried the service, but found the scanner “cumbersome” and the system still required him to use a checkout aisle or interact with... Read More

RioCan CEO places bets on building more rental housing as retail sector lags

RioCan CEO places bets on building more rental housing as retail sector lags
TORONTO — For the past 25 years, Edward Sonshine has been known as Canada’s shopping mall king. Now, the chief executive of one of the country’s largest real estate investment trusts wants to be known for something else too: housing. “It’s not me that changes,” Sonshine said in an interview at RioCan REIT’s head office in Toronto. “Change in our strategy... Read More