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Liberals’ new cabinet more eco-friendly than oil-friendly


Huge expectations await Canada’s new environment and natural resources ministers, who will have to hit the ground running to deliver on Prime Minister Justin Trudeau’s climate change and environment priorities so bitumen pipelines can move forward. Ottawa Centre MP and lawyer Catherine McKenna is heading the environment and climate change …

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Obama betrayed America’s closest ally over Keystone XL to prop up climate change legacy


Canadians of every political persuasion should be dismayed by U.S. President Barack Obama’s cowardly rejection of the Keystone XL pipeline. After seven years of review involving massive documentation, scientific justification and some $3 billion in spending by proponent TransCanada Corp., Obama offered weak and questionable reasons Friday for the denial. …

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Air Canada third-quarter profit beats estimates as fuel costs ease


Air Canada reported third-quarter profit that beat analysts’ estimates as fuel costs decreased and revenue rose during the carrier’s busiest travel season. Adjusted earnings increased to $2.50 a share from $1.55 a year earlier, topping the $2.20 average of 12 analyst estimates compiled by Bloomberg. Revenue of $4.02 billion exceeded …

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Transat A.T. set to become a single share class company on Monday


Transat A.T. Inc., the Montreal-baser international tour operator, has announced plans to become a single share class company. As of Monday the company’s Class A shares variable voting shares (which trade under the symbol (TRZ.A) and its voting shares (TRZ.B) will trade under a single ticker TRZ on the Toronto …

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World awash with oil as record 3 billion barrels stockpiled — and it’s only getting worse, IEA says


The world is awash with oil having built record stockpiles of almost 3 billion barrels in recent months and slowing demand growth combined with resilient non-OPEC supply could worsen the glut well into next year, the International Energy Agency (IEA) said on Friday. How OPEC has earned itself a permanent …

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So much gold is being flushed down the drain in London, its sewers rival a working mine


Precious metals, primarily gold, worth 13-million pounds ($26.3 million) is being flushed away through sewers every year, it has been claimed. Analysis by Thames Water found that the level of gold in sewerage systems was comparable to that found in working mines. Hazel Prichard, a Cardiff University geologist, has been …

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Food sales lift the bottom lines of Loblaw Companies Ltd and Metro Inc


Metro Inc. and rival Loblaw Cos. Ltd. beat industry analysts’ projections for quarterly earnings Wednesday as the large grocery retailers benefited from stronger food sales, though the latter warned drug regulatory changes will weigh on its pharmacy business for the remainder of the year. Both retailers saw their shares rise …

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Target Corp oversold – J.P. Morgan


For the first time since chief executive Brian Cornell took over in August 2014, Target Corp. failed to beat earnings expectations and reported a year-over-year decline in gross margins. This has investors wondering whether the retail giant’s upward earnings revision cycle is running out of steam, and if its turnaround …

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How a former Lehman banker and his twin brother’s credit crisis experiences helped shape Mogo


Painful personal experiences at opposite sides of the credit crisis brought twin brothers Dave and Greg Feller together at Mogo Finance Technology Inc., one of a handful of online alternative lenders tapping those who can’t or don’t want to deal with a bank. Greg, Vancouver-based Mogo’s chief financial officer, was …

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Why 2015 will go down as a year to forget for North American coal miners


Plenty of coal industry insiders have spoken out about the collapse of the business in the United States. But nobody does it with quite the same fervor as Robert Murray. Canadian miner Lucara finds 1,111-carat diamond — believed to be second-largest ever The gigantic diamond, found in Botswana, is so …

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