Canadian natural resource sector economic activity on the rise

The mineral and mining subsector drove the increase, led by potash

Canadian natural resource sector economic activity on the riseThe natural resource sector, including energy, saw the volume of economic activity grow in the third quarter of 2018, according to Statistics Canada. The federal agency reported Thursday that real gross domestic product in the natural resource sector rose by one per cent in the quarter following a 1.4 per cent increase in the second…

Lowe’s Canada on a hiring spree across Canada

Lowe’s Canada on a hiring spree across CanadaLowe’s Canada announced Wednesday it is looking to fill more than 6,350 full-time, part-time, and seasonal positions across the country this spring. These positions are in addition to some 150 positions currently being staffed in connection with the completion of the consolidation of Lowe's Canada's operations at the head office in Boucherville, in the Greater…

Shaw Communications posts net income of $187 million in quarter

‘Transforming into an agile, lean and digital-first organization,’ says CEO Brad Shaw

Shaw Communications posts net income of $187 million in quarterCalgary-based Shaw Communications Inc. reported on Monday net income of $187 million for its fiscal first quarter, which ended Nov. 30, 2018. It said net income rose from $111 million in the first quarter of fiscal 2018 “driven primarily by an increase in operating income before restructuring costs and amortization.” The company also said revenue…

Alberta leads the way in crude oil production increase

Statistics Canada said exports of crude oil and equivalent products increased 10.7% from the same month a year earlier

Alberta leads the way in crude oil production increaseCanada produced 23.1 million cubic metres (145.6 million barrels) of crude oil and equivalent products in October, up 13.2 per cent from the same month a year earlier, according to Statistics Canada. The federal agency said on Friday that Alberta produced 19.3 million cubic metres of crude oil and equivalent products in October, an increase…

Postmedia announces Q1 loss; Paul Godfrey stepping down as CEO

Postmedia announced Thursday the appointment of Andrew MacLeod as President and Chief Executive Officer

Postmedia announces Q1 loss; Paul Godfrey stepping down as CEOCanadian newspaper giant Postmedia announced Thursday the appointment of Andrew MacLeod as President and Chief Executive Officer, replacing Paul Godfrey as CEO of the media company. “It is with tremendous confidence that I recommended to the Board of Directors that the timing is right for Andrew MacLeod to take on the Chief Executive Officer position…

Husky looking at selling its gas stations

Retail and commercial network consists of more than 500 stations

Husky looking at selling its gas stationsHusky Energy has announced it is conducting a strategic review that could lead to it selling its Canadian retail and commercial fuels business, as well as its Prince George. B.C., refinery. “Our retail network and the Prince George refinery are excellent assets, with exceptional employees, which have made solid contributions to Husky over the years,”…

Energy industry giant TransCanada to change its name

’We believe the name TC Energy clearly articulates our complete business’

Energy industry giant TransCanada to change its nameTransCanada Corp. announced on Wednesday it will change its name to TC Energy “to better reflect the scope of the company’s operations as a leading North American energy infrastructure company.” The company said its shareholders will be asked to approve a special resolution to change the name at the company’s next annual and special meeting…

Shoppers Drug Mart launches ecommerce platform for medical cannabis

Virtual team of professionals will provide counselling and support for patients

Shoppers Drug Mart launches ecommerce platform for medical cannabisCanadian pharmacy giant Shoppers Drug Mart has launched an online platform for the sale of medical cannabis. “As trusted medication experts, pharmacists have an important role to play in the safe and informed use of medical cannabis. Today's announcement is a leap forward for those looking for professional oversight and trusted support in this area,”…

Report says oil prices expected to rise

Prices will improve because of increased demand from U.S. refineries, improving transportation capacity and mandatory productions cuts in Alberta

Report says oil prices expected to riseThe oilpatch in Alberta has had a tough go of it since oil prices collapsed in the latter part of 2014. But on Tuesday there was some good news from a new report released by Deloitte’s Resource and Advisory Group. It forecasts prices for Canadian heavy and light oil to improve somewhat in 2019 because…

Canadian merchandise trade deficit balloons to $2.1 billion

Exports fell almost 3% in November, mainly as a result of lower crude oil deliveries

Canadian merchandise trade deficit balloons to $2.1 billionCanada’s merchandise trade deficit with the rest of the world widened from $851 million in October to $2.1 billion in November, according to data released on Tuesday by Statistics Canada. The federal agency said that was due to exports falling by 2.9 per cent in November, mainly on lower crude oil exports, while imports decreased…
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