Saskatchewan approves new wind energy project with 56 turbines

Saskatchewan approves new wind energy project with 56 turbines
HERBERT, Sask. — The Saskatchewan government says a large-scale wind energy project has been approved for the province’s southeast as a way to reduce greenhouse gas emissions. The Blue Hill Wind Energy Project will be located south of Herbert, Sask., and is expected to have 56 wind turbines. Environment Minister Dustin Duncan says the project demonstrates the government’s commitment to renewable energy. Saskatchewan has... Read More

Higher crude oil prices pushes the Canadian dollar high; TSX essentially flat

Higher crude oil prices pushes the Canadian dollar high; TSX essentially flat
TORONTO — Higher crude oil prices pushed the Canadian dollar higher and helped Canada’s main stock index to overcome decreases among forestry, industrial and cannabis stocks. The S&P/TSX composite index lost 46.12 points to 16,149.92. In New York, the Dow Jones industrial average gained 158.80 to 26,405.76. The S&P 500 index was up 3.64 points to 2,907.95, while the Nasdaq composite was... Read More

Vancouver Island partners sign hull design contract for floating LNG project

Vancouver Island partners sign hull design contract for floating LNG project
VANCOUVER — The developer of a floating liquefied natural gas export facility proposed for Vancouver Island says it has a deal with a Korean shipbuilder for the design of two large at-shore hulls. Steelhead LNG and partner Huu-ay-aht First Nations say the agreement was signed at the Gastech Conference in Barcelona with Hyundai Heavy Industries to engineer and design the equipment... Read More

Enbridge signs deals for Enbridge Income Fund and U.S. subsidiaries

Enbridge signs deals for Enbridge Income Fund and U.S. subsidiaries
CALGARY — Enbridge Inc. has signed a deal worth $4.7 billion to acquire Enbridge Income Fund Holdings Inc. as it works to simplify its corporate structure. The company says the offer is 11.3 per cent higher than a proposal in May. Under the terms of an agreement, Enbridge Income Fund shareholders will receive 0.7350 of an Enbridge share and 45 cents... Read More

Saudi sovereign fund invests $1B in US electric car firm

Saudi sovereign fund invests $1B in US electric car firm
DUBAI, United Arab Emirates — Saudi Arabia’s sovereign wealth fund invested over $1 billion Monday in an American electric car manufacturer just weeks after Tesla CEO Elon Musk earlier claimed the kingdom would help his own firm go private. Tesla stock dropped briefly Monday in reaction to the news, the same day that the Saudi fund announced it had taken... Read More

Pipeline plan coming by end of month, possibly guided by a former judge

Pipeline plan coming by end of month, possibly guided by a former judge
OTTAWA — A senior federal source says the Liberals are considering hiring a former top judge to guide a renewed consultation with Indigenous communities on the Trans Mountain pipeline expansion. The Federal Court of Appeal last month quashed the approval given to the project, saying the consultation with Indigenous communities wasn’t good enough and criticizing the lack of attention paid to the environmental impact of... Read More

Stark contrast between U.S. energy boom, Canada’s lethargy

Stark contrast between U.S. energy boom, Canada’s lethargy
Canada’s energy sector is struggling primarily because of poor government policies. The U.S. shows a way out of this mess By Elmira Aliakbari and Ashley Stedman The Fraser Institute Over the past few years, the governments of Canada and the United States have taken markedly different approaches to energy development, particularly with oil and gas. Consequently, the U.S. energy industry... 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 (16,001.71, down 47.31 points). Aurora Cannabis Inc. (TSX:ACB). Health care. Down 81 cents, or 8.9 per cent, to $8.30 on 27.7 million shares. Aphria Inc. (TSX:APH). Health care. Down $3.52, or 16.9 per cent, to $17.30 on 19.2 million shares. RNC Minerals. (TSX:RNX). Metals. Unchanged at 24 cents on 10.7 million shares. HEXO Corp.... Read More