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Canada’s oilpatch to become third largest contributor of new crude by 2040, but LNG prospects challenging: IEA


Despite the headwinds facing the Canadian oilpatch, the industry would likely add another 2.5 million barrels per day of crude oil by 2040, but don’t expect the country’s liquefied natural gas export industry to start up anytime soon, according to a new International Energy Agency report. The International Energy Agency’s …

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Howard Wetston: The Bay Street sheriff who kept his eye on the big picture


TORONTO — Howard Wetston was expected by many to be a shoo-in to lead the country’s first national securities regulator. But there is no national securities regulator, the plan having morphed into a co-operative federal-provincial model with just five provinces participating, and still more than a year away from becoming operational. That didn’t …

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Diane Urquhart adds her view on high fees and closed shop CCAA protection


Diane Urquhart is a former Bay Street research analyst – she ran the research department at two bank-owned firms – who, over the past decade, has become an independent financial analyst. In that role, she has seen first-hand the workings of CCAA protection. And, just like first timers Kurt Soost …

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TransCanada Corp CEO vows to keep hiking dividends despite ‘worst commodity cycle I’ve seen’


TransCanada Corp. is extending its plan to increase investor payouts by 8 per cent to 10 per cent annually through 2020 even after the U.S. rejected its US$8 billion Keystone XL pipeline. Forget tankers and pipelines, David Black says he has the best plan to export Canada's oil With prospects dimming …

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TransCanada Corp pulls Keystone XL application in Nebraska after Obama rejection


TransCanada Corp. is withdrawing its application with Nebraska regulators for approval of the Keystone XL pipeline, less than two weeks after President Barack Obama rejected the project. The Calgary-based company said it’s inappropriate for the Nebraska Public Service Commission to move forward with a review of the route in the …

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Mackenzie Investments to introduce active ETFs in Canada in first half of 2016


Canada’s largest independent asset manager is getting into the exchange-traded fund business. Mackenzie Investments, owned by IGM Financial Inc., the Winnipeg-based investment company with $130.9 billion under management, will introduce a suite of actively managed exchange-traded funds in the first half of 2016, Mackenzie confirmed in an e-mail. “Active ETFs …

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Black Friday or Boxing Day? Where Canadians can get the best deals


About 1.2 million Canadians will book off sick from work to shop on Black Friday, but a new study suggests they’ll get slightly better deals if they can wait until Boxing Day. This isn’t the label you think it is: The secret shoppers might not know about factory outlets Most big …

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Canada’s investment dealers urged to make detailed plans to respond to cyber attacks


Canada’s investment industry association is urging dealers to make detailed plans at the most senior levels to prepare for and respond to cyber attacks. “The cyber threat is far too sophisticated and serious to relegate it simply to the firm’s IT department,” Ian Russell, chief executive of the Investment Industry …

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Maple Leaf Foods Inc set to emerge from years of restructuring leaner, more competitive


Maple Leaf Foods Inc.’s plan to cut 400 jobs to streamline operations suggests the food processor will emerge as a leaner, more competitive company after years of costly restructuring, analysts say. The company, which employs 12,000 people, has spent seven years and $1 billion in an operational overhaul that saw …

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Oilsands producers hoping for ‘clean oil’ tag after backing climate policies: Murray Edwards


LAKE LOUISE — Billionaire oil investor Murray Edwards said Canadian oilsands producers took the “bold step” of backing Alberta’s aggressive climate change plan to help change perceptions that Canada’s oil is dirty. Edwards, the chairman and a top shareholder of Canadian Natural Resources Ltd., along with leaders of Suncor Energy …

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