Breadcrumb Trail Links PMN Business Canada is set for massive growth in wind power generation as it moves toward net zero emissions by 2050, a new report by the country’s energy regulator suggested. Author of the article: Bloomberg News Brian Platt Published Jun 20, 2023 • 3 minute read Join the conversation A wind farm […]
Article content (Bloomberg) — Canada’s oil production would plunge 76% in less than three decades if the world took sufficient action to limit global warming to 1.5C (2.7F), according to government projections released Tuesday, underscoring the challenges the country faces amid global efforts to curtail emissions. Article content Output from the nation’s oil industry — […]
Article content (Bloomberg) — The number of wildfires burning in Canada’s top energy-producing province of Alberta is on the rise again, hurting air quality across the region and threatening oil and gas production. Article content The province had 76 active wildfires, up from 71 on Friday, with 28 burning out of control, according to provincial […]
Breadcrumb Trail Links PMN Business The Bank of Canada will have to keep rates higher for longer unless governments do more to dial back their spending, one of the country’s largest commercial lenders warned. Author of the article: Bloomberg News Erik Hertzberg Published Jun 12, 2023 • 2 minute read Join the conversation Tiff Macklem […]
Article content (Bloomberg) — Smoke and haze from the worst Canadian wildfires on record have returned to New York City and the US Northeast and will likely linger until cleansing rains reach the region early this week. After briefly improving early Saturday, the air quality across most of the eastern US was downgraded to moderate. […]
Breadcrumb Trail Links PMN Business US stocks are back in a bull market and the American economy has consistently outperformed expectations, leading some firms to suggest the threat of recession has eased, if not altogether passed. Author of the article: Bloomberg News Alice Gledhill and Anchalee Worrachate Published Jun 11, 2023 • 3 minute read […]
Breadcrumb Trail Links PMN Business Odey Asset Management has removed its founder Crispin Odey from the firm’s partnership in a stunning turn of events for the famed hedge fund manager who is facing fresh sexual assault allegations. Author of the article: Bloomberg News Nishant Kumar Published Jun 10, 2023 • 3 minute read Join the […]
Article content (Bloomberg) — Prime Minister Justin Trudeau announced C$500 million ($375 million) in new military assistance to Ukraine during a surprise visit to the war-torn country on Saturday. Article content The Canadian leader and his deputy, Chrystia Freeland, met with President Volodymyr Zelenskiy in Kyiv as Ukraine’s military steps up its efforts to liberate […]
Article content (Bloomberg) — Canada’s economy is poised to enter a recession as soon as the third quarter, and it’s going to be a painful one for many people, according to Manulife Investment Management’s global chief economist. Article content The Bank of Canada’s surprise move to increase the overnight lending rate to 4.75% on Wednesday […]
Article content (Bloomberg) — Irving Oil Ltd., the operator of Canada’s largest crude refinery, is reviewing strategic options that may include putting billions of dollars worth of key North American refining and fuel-distribution assets up for sale. Other options include a change in the portfolio of its assets and how it operates them, though “no […]