Pipeline delays add appeal to creative options for oil transport, transformation

Pipeline delays add appeal to creative options for oil transport, transformation
CALGARY — News that permitting issues in the U.S. would delay Enbridge Inc.’s Line 3 replacement pipeline project until the middle of 2020 instead of late this year means that yet another boost in oil export capacity has been kicked down the road. With both the Trans Mountain expansion and Keystone XL pipeline projects in court limbo, attention is turning to alternative... Read More

No pedal to floor: Experts say no government can bring back Alberta bitumen boom

No pedal to floor: Experts say no government can bring back Alberta bitumen boom
EDMONTON — Getting Alberta’s economy running on all its fossil-fuel-powered cylinders is at the heart of the province’s election campaign. But some of Canada’s top energy thinkers — as well as international experts — warn there’s no pedal any premier can stomp to make that engine rev like it used to. “No policy of any Alberta government can change things,” said Mark... Read More

Farmers demand strong political response to expanding trade obstacles for Canada

Farmers demand strong political response to expanding trade obstacles for Canada
OTTAWA — Canola farmers whose livelihoods have been targeted by China in its feud with Canada are urging the federal government to step up its fight against the growing number of agricultural trade barriers around the world. Speaking to a parliamentary committee on Tuesday, several producers said China’s recent rejection of Canadian canola-seed shipments is only the latest trade disruption that’s hurt the country’s agriculture sector.... Read More

Canada posts job-market decline in March that follows big gains to start 2019

Canada posts job-market decline in March that follows big gains to start 2019
OTTAWA — The economy shed 7,200 positions in March after a pair of strong monthly gains to start the year that helped the country still manage to close out its best quarter of job creation since late 2017, Statistics Canada said Friday. The agency’s latest labour force survey found the unemployment rate held firm last month at 5.8 per cent. The March decline followed monthly increases of 66,800 net new jobs in January... Read More

Bank CEOs expecting muted economic growth, spring housing market

Bank CEOs expecting muted economic growth, spring housing market
TORONTO — The chief executives of Canada’s biggest banks say they expect muted economic growth, a slower spring housing market and have concerns about the country’s future prosperity, but also expressed confidence in their ability to navigate any rough patches ahead. Toronto-Dominion Bank’s CEO Bharat Masrani said the lender’s economists foresee “constrained” growth in 2019, amid trade tensions and strains in the energy market, but Canada... Read More

B.C. government to consider ‘relief’ for record gas prices: Horgan

B.C. government to consider ‘relief’ for record gas prices: Horgan
VICTORIA — Premier John Horgan says the B.C. government will consider “some relief” for those who can’t afford record high gas prices. Horgan says his government will monitor prices at the pumps over the summer after they reached the benchmark record of almost $1.64 a litre today in Metro Vancouver, but he also suggested provincial taxes aren’t the only factor affecting prices. He says... Read More

Lufthansa Technik to add up to 50 jobs in Montreal by the end of 2021

Lufthansa Technik to add up to 50 jobs in Montreal by the end of 2021
MONTREAL — Lufthansa Technik AG says it will create up to 50 jobs over the next three years as it works to expand its aircraft engine maintenance and repair operations in Montreal. The company says it is aiming to triple the local capacity for its mobile engine services offerings and plans to create 50 new jobs in the Montreal area... Read More

Auto sales fall 2.5 per cent in March as downward trend continues

Auto sales fall 2.5 per cent in March as downward trend continues
TORONTO — Light vehicle sales in Canada continued a downward trajectory in March, falling 2.5 per cent compared to a year earlier, says DesRosiers Automotive Consultants Inc. The automotive consultant says light vehicle sales totalled 181,800 units in March, down from 186,447 in the same month last year. The dip in March marked the 13th month in a row of monthly sales declines when... Read More

Major Canadian canola exporter to China says finding new markets not easy

Major Canadian canola exporter to China says finding new markets not easy
OTTAWA — The head of one of Canada’s biggest exporters of canola seed to China warned Tuesday that if the Asian country’s ban on Canadian firms drags on that finding new markets for the product “will not be a painless exercise.” Curt Vossen of Richardson International Ltd. made the comment Tuesday to a parliamentary committee studying an escalating trade dispute that has seen China suspend his company’s licence and that of another... Read More

Metro Vancouver’s dismal home sales in March blamed on government policies

Metro Vancouver’s dismal home sales in March blamed on government policies
VANCOUVER — Home sales in Metro Vancouver in March plunged to levels not seen in more than three decades and real-estate experts blame government policies, not a lack of demand, for the dismal showing. The Real Estate Board of Greater Vancouver reports 1,727 homes changed hands, a 31.4 per cent tumble from sales recorded for the same month last year. March 2019 sales were... Read More