Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,399.23, down 42.84 points). Encana Corp. (TSX:ECA). Energy. Down eight cents, or 1.36 per cent, to $5.82 on 12.9 million shares. Crescent Point Energy Corp. (TSX:CPG). Energy. Up 27 cents, or 6.43 per cent, to $4.47 on 7 million shares. Enbridge Inc. (TSX:ENB). Energy. Up seven cents,... Read More

A look at some of the recommendations in Alberta’s financial report

A look at some of the recommendations in Alberta’s financial report
CALGARY — A panel looking into Alberta’s finances says the province has been overspending for years and needs to make changes. Here are some of 26 recommendations its report makes: — Use alternative medical service delivery, including private clinics, for day procedures and other medical services that don’t have to be done in hospitals. — Limit the high cost of doctor services... Read More

Montreal’s Mirabel cargo airport to get $107 million for expansion

Montreal’s Mirabel cargo airport to get $107 million for expansion
MIRABEL, Que. — Montreal’s Mirabel airport does not have enough space to expand its flagship air cargo business. On Tuesday, the federal government and local airport authority sought to change that, announcing $107 million in funding to boost the airport’s capacity for goods-handling and infrastructure. Transport Minister Marc Garneau says the money will go toward building 20,000 square metres of warehouse... Read More

Big spender: Alberta panel says savings to be found in health, education changes

Big spender: Alberta panel says savings to be found in health, education changes
CALGARY — A panel looking into Alberta’s finances says the province habitually overspends on the services it delivers. The panel, chaired by former Saskatchewan finance minister Janice MacKinnon, says Alberta’s annual expenditures would be $10.4 billion less if the province were to spend the same per person as do British Columbia, Ontario and Quebec. The report, ordered by Premier Jason Kenney,... Read More

All eyes on Bank of Canada’s rate decision, view of global economic climate

All eyes on Bank of Canada’s rate decision, view of global economic climate
OTTAWA — Canadians will hear from the Bank of Canada on Wednesday for the first time in eight weeks — which is a long time given the brisk movements of global economic conditions. Governor Stephen Poloz is widely expected to hold the overnight interest rate at 1.75 per cent as the bank delivers its first policy announcement — or public commentary of any kind —... Read More

North American stock markets tumble in late-morning trading, loonie down

North American stock markets tumble in late-morning trading, loonie down
TORONTO — Canada’s main stock index fell in late-morning trading as the heavyweight energy, financial and industrial sectors weighed on the market, as U.S. stocks also tumbled. The S&P/TSX composite index was down 64.11 points at 16,377.96. In New York, the Dow Jones industrial average was down 369.69 points at 26,033.59. The S&P 500 index was down 25.70 points at... Read More

Foreign share of oilsands production falls from 33% to 16%, analysis shows

Foreign share of oilsands production falls from 33% to 16%, analysis shows
CALGARY — When it comes to talking about how the northern Alberta oilsands have lost their lustre for foreign investors, Satoshi Abe sounds a lot like his Canadian counterparts. “I think Canada itself creates significant barriers to new investment,” said the president of Japan Canada Oil Sands Ltd. or JACOS, reached at his Calgary office. “Additional investment in Canada will... Read More

Crescent Point selling $912M in assets including Uinta Basin asset

Crescent Point selling $912M in assets including Uinta Basin asset
CALGARY — Crescent Point Energy Corp. is selling its Uinta Basin asset in Utah and certain southeast Saskatchewan conventional assets for a total of approximately $912 million. The Calgary-based company says the agreements include 27,000 barrels of oil equivalent per day of upstream assets. Crescent Point says the transactions are expected to help strengthen its balance sheet. Net debt is... Read More