Indigenous energy firm touts job creation in joint venture to make bitumen pucks

Indigenous energy firm touts job creation in joint venture to make bitumen pucks
CALGARY — The CEO of an Indigenous energy company says a project to transform oilsands bitumen into pucks for safer shipping to customers around the world will potentially create needed jobs in northern Alberta while helping to recycle plastic litter. Jeff Paquin says the project his company, Wapahki Energy Ltd., is working on with Canadian National Railway Co. could also result in a long-term revenue stream for its... Read More

‘We’re suffering:’ China-Canada tourism may slow amid political drama

‘We’re suffering:’ China-Canada tourism may slow amid political drama
VANCOUVER — Canadian tour operators specializing in travel to China say the growing diplomatic rift between the two countries is scaring their clients away, while those that bring Chinese tourists to Canada foresee a similar drop in interest that could put a billion-dollar industry at risk. “We’re suffering. We are suffering,” said Julius Yan, who owns Laurus Travel, a Vancouver-based agency that has focused on... Read More

Burkina Faso killing highlights increasing security threat for mining companies

Burkina Faso killing highlights increasing security threat for mining companies
TORONTO — The killing of a Canadian mining company executive in Burkina Faso is drawing attention to the deteriorating security situation in the country and the risks resource firms face in unstable regions. Kirk Woodman, who was working for Vancouver-based Progress Minerals Inc., was found dead after being kidnapped from a company exploration camp in the country Tuesday. The incident, while rare, comes as threats from... Read More

Shaw getting ready to raise prices for its main residential service, CEO says

Shaw getting ready to raise prices for its main residential service, CEO says
CALGARY — Residential customers of Shaw Communications Inc. will likely see a price increase for their internet and television services, chief executive Brad Shaw said Thursday after the company’s annual meeting in Calgary. Shaw’s chief competitor in Western Canada, Telus Corp., has already announced price increases that will take effect Feb. 25. Shaw told reporters that the details of the cable,... Read More

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 (15,211.22, up 99.96 points). Aurora Cannabis Inc. (TSX:ACB). Health care. Down $1.02, or 10.49 per cent, to $8.70 on 34 million shares. MEG Energy Corp. (TSX:MEG). Energy. Down $3.04, or 35.60 per cent, to $5.50 on 21.7 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Up seven cents, or 3.47 per... Read More

Huawei to grow Canadian R&D budget, staff as part of 5-year plan: president

Huawei to grow Canadian R&D budget, staff as part of 5-year plan: president
TORONTO — The president of Huawei Canada says it will be getting a piece of the US$2-billion that its global Chinese parent will spend over five years to hire more software engineers to make its equipment more secure, resilient and efficient. Huawei Canada president Eric Li said in a statement that its “top priority” has been the security and integrity of the networks... Read More

Ryerson and MLSE announce sports-tech startups to support through incubator

Ryerson and MLSE announce sports-tech startups to support through incubator
TORONTO — Maple Leaf Sports and Entertainment and Ryerson University are funding a handful of tech startups to drive innovation in the sports industry. The pair have chosen six early-stage companies to provide with mentorship through their Future of Sport Lab Incubator and opportunities to pilot their concepts with MLSE teams and venues. Brain imaging assessment business Performance Phenomics, e-sports scouting reports company Rival.ai and women’s sports... Read More

Statistics Canada says release of trade data delayed due to U.S. shutdown

Statistics Canada says release of trade data delayed due to U.S. shutdown
OTTAWA — Statistics Canada says it will not publish international merchandise trade statistics for December as scheduled on Feb. 5 due to the U.S. government shutdown. The agency says it uses U.S. import data to measure Canadian exports to the United States. However, the partial U.S. government shutdown that began Dec. 22 has meant that Statistics Canada will not receive that... Read More

Natural gas producer Peyto Exploration shares fall on dividend and spending cuts

Natural gas producer Peyto Exploration shares fall on dividend and spending cuts
CALGARY — Shares in Peyto Exploration and Development Corp. fell by as much as 15 per cent after it said it would cut its dividend and capital spending due to low natural gas prices in Western Canada. In early trading on the Toronto Stock Exchange on Thursday, the Calgary-based company’s shares fell to a low of $6.91 from their Wednesday close... Read More