Alberta alters rules on oil production limits to spur more conventional drilling

Alberta alters rules on oil production limits to spur more conventional drilling
EDMONTON — Alberta is adjusting its rules on oil production limits to give companies incentive to drill more conventional wells. Energy Minister Sonya Savage says that starting immediately any oil produced from a new well will not be subject to the limits. The province expects the change will spur producers to drill hundreds of new wells and that each well will create about 145 jobs.... Read More

Fiera Capital revenue up after acquisitions, net earnings down on closing costs

Fiera Capital revenue up after acquisitions, net earnings down on closing costs
MONTREAL — Fiera Capital Corp. says it swung to a loss in the third quarter, mainly because of higher expenses from recent acquisitions that closed in the quarter. “Our focus during the third quarter was on integrating our recently closed acquisitions and building a strong global operations and IT platform,” said company CEO Jean-Guy Desjardins in a statement Friday. Fiera has... Read More

CHMC reports annual pace of housing starts slowed to 201,973 in October

CHMC reports annual pace of housing starts slowed to 201,973 in October
OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts fell in October as the pace of new construction of apartment, townhouse, condo and other types of multiple-unit housing projects slowed. The national housing agency says the seasonally adjusted annual rate of housing starts last month slowed to 201,973 units in October compared with 221,135 in September. Economists... Read More

Enbridge reports earnings of $949 million in Q3, up from loss last year

Enbridge reports earnings of $949 million in Q3, up from loss last year
CALGARY — Enbridge Inc. says it earned $949 million in the third quarter, up from a loss of $90 million in the same quarter last year caused by a number of one-time charges. The Calgary-based company says adjusted earnings worked out to $1.12 billion, or 56 cents per share, for the quarter ending Sept. 30, up from $933 million, or 55 cents per share... Read More

Canadian economy lost 1,800 jobs in October, unemployment rate steady at 5.5%

Canadian economy lost 1,800 jobs in October, unemployment rate steady at 5.5%
OTTAWA — The number of people working in Canada edged lower in October as the manufacturing and construction sectors lost jobs, while the unemployment rate held steady at 5.5 per cent. Statistics Canada said Friday the economy lost 1,800 jobs in October, following gains of 54,000 jobs in September and 81,000 in August. The number of full-time jobs fell by... Read More

Second Cup to get new corporate name as it moves to diversify beyond coffee

Second Cup to get new corporate name as it moves to diversify beyond coffee
MISSISSAUGA, Ont. — The Second Cup Ltd. intends to change its name to Aegis Brands Inc. as part of a plan to diversify beyond coffee shops. The Toronto-area company says the name change is subject to approvals from shareholders and the Toronto Stock Exchange, where its shares are listed. Steven Pelton, who has been Second Cup’s president and CEO since May, will... Read More

Amazon to build first Quebec fulfilment centre next year, create 300 jobs

Amazon to build first Quebec fulfilment centre next year, create 300 jobs
MONTREAL — Amazon says it plans to build its first fulfilment centre in Quebec in the Lachine borough of Montreal. The online retail giant says the warehouse will open late next year and create more than 300 full-time jobs. It says the centre, which will be its 12th in the country, will allow it to better serve customers across Quebec. The company... Read More

TMX Group reports record revenue, net earnings of $61.7 million in third quarter

TMX Group reports record revenue, net earnings of $61.7 million in third quarter
TORONTO — TMX Group Ltd. says earnings edged up in the third quarter as it hit record revenue for the period. The owner of the Toronto Stock Exchange says it earned $61.7 million, or $1.9 per diluted share, for the three months ending Sept. 30, up from $57.5 million, or $1.02 per share, for the same stretch last year. Adjusted earnings were $1.25... Read More