Article content OTTAWA — Statistics Canada says the country posted a merchandise trade deficit of $1.1 billion in August as lower oil prices weighed on exports. The agency said Tuesday the result compared with a revised deficit of $287 million in July. The initial reading for July released last month pointed to a surplus of […]
Breadcrumb Trail Links PMN Energy PMN Business Author of the article: The Canadian Press Ian Bickis Published Jul 10, 2024 • 4 minute read A shareholder advocacy group is calling out Canada’s property insurers for their support of the fossil fuel industry while also raising premiums because of climate-related disasters. A wildfire rips through a […]
Article content ST. JOHN, N.B. — The family of Canadian billionaire businessman James K. Irving has announced his death at the age of 96, just over a month after the death of his younger brother, Arthur. Along with late brother John, they were sons of New Brunswick industrialist K.C. Irving and were among Canada’s richest […]
Article content CALGARY — After four years and more than $34 billion in costs, the Trans Mountain oil pipeline expansion will go into commercial service on May 1. The Crown corporation behind the massive project provided the start date in an update posted to its website Wednesday. Article content “The commencement date for commercial operation […]
Article content CALGARY — TC Energy Corp.’s plan to shore up its balance sheet with $3 billion or more in asset sales took a step forward Monday after a deal to sell a U.S. pipeline. The Calgary-based company and its partner said they are selling the Portland Natural Gas Transmission System for US$1.14 billion to […]
Breadcrumb Trail Links PMN Energy PMN Business Author of the article: The Canadian Press Amanda Stephenson Published Jul 27, 2023 • 3 minute read Join the conversation Pedestrians walk past a sculpture outside the TC Energy head office in downtown Calgary, Alta., Friday, Sept. 16, 2022.THE CANADIAN PRESS/Jeff McIntosh Photo by Jeff McIntosh /The Canadian […]
Breadcrumb Trail Links PMN Energy PMN Business Author of the article: The Canadian Press Amanda Stephenson Published Jun 28, 2023 • 3 minute read Join the conversation Gas prices are displayed at an Esso station in Oakville, Ont., Saturday, Feb.25, 2023. Canadians heading out on the road for the July 1 long weekend will find […]
Share this Story: Canada’s oil output would plummet by 2050 in a net-zero world, new modelling shows (0621 Canada-Energy-Future, CP, 611 words, Business, National, Oil&Gas, Environment, B, G, 06/20/23 02:20 PM) Breadcrumb Trail Links PMN Energy PMN Business Author of the article: The Canadian Press Amanda Stephenson Published Jun 20, 2023 • 3 minute read […]
Breadcrumb Trail Links PMN Energy PMN Business Author of the article: The Canadian Press Amanda Stephenson Published Jun 20, 2023 • Last updated 4 minutes ago • 3 minute read Join the conversation A pumpjack draws out oil and gas from a well head as a rainbow shines down on it near Calgary, Alta., Sunday, May […]
Article content Shares of Chevron climbed Thursday after the oil company announced that it would repurchase $75 billion of its stock, one of the largest-ever stock buyback plans. Article content The company’s board also approved an increase of about 6% in its quarterly dividend, to $1.51 per share. Article content Chevron Corp. said the buyback […]