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Western coalition to ramp up attack on ISIL’s key oil revenues: ‘The gloves are off’


Weeks before ISIS unleashed its fury on Paris, the Western coalition’s Operation Tidal Wave II had already ramped up its attack on oilfields controlled by the terrorist group in Iraq and Syria. How Saudi Arabia’s high-risk oil gambit could destroy OPEC while feeding the ISIL monster The rumblings of revolt …

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Canadian beef producers expecting to double, even triple exports to Japan thanks to TPP


OTTAWA — After years stuck in the doldrums, Canadian beef exporters finally see opportunity for growth. Thanks to the Trans-Pacific Partnership, they say their exports to Japan could double, or even triple, after years of trade difficulties imposed, in part, by Canadian mad-cow scares. Trans-Pacific Partnership: Full text — Here’s …

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OPEC, threatened by U.S. shale, ends up hitting Canada harder in price war


OPEC took a swing at U.S. shale and knocked down Canada. How Saudi Arabia’s high-risk oil gambit could destroy OPEC while feeding the ISIL monster The rumblings of revolt against Saudi Arabia and the OPEC Gulf states are growing louder as half a trillion dollars goes up in smoke, and …

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Oil industry vows more investment, more action on climate change


CALGARY – Canada’s largest oil and gas industry association has vowed to do more to tackle climate change by investing in technologies that would “take carbon out of the barrel.” Canadian Association of Petroleum Producers president and CEO Tim McMillan was in Ottawa on Friday, meeting with officials and trying …

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A Bank of Canada interest rate hike is ‘miles’ away as consumers appear unenthusiastic about spending


Canadian households are making a bland contribution to an economic recovery battered by slumping crude oil prices, keeping the central bank stuck as the U.S. moves toward raising interest rates. Liberals say Canada is billions deeper in the hole as they open the books for first time The new government …

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Black Friday, Cyber Monday sales expected to boom in Canada this year


TORONTO — Despite recent challenges faced by Canada’s retail sector, analysts have a rosy outlook for the looming holiday shopping season — particularly on Black Friday and Cyber Monday. Cross-border shopping, reversed: This Black Friday, Canadian malls set to be packed with Americans It’s likely that this year there will …

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Goldcorp Inc stops operations at Northern Ontario mine to investigate fatal worker accident


Goldcorp Inc., the largest gold producer by market value, suspended operations at a mine in Northern Ontario as authorities investigate a fatal accident. Early Wednesday, a rock fall buried a worker, and the scoop equipment the person was working in, resulting in the fatality at the Musselwhite gold mine at Opapamiskan Lake, the company …

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Alberta’s move to green energy seen adding $7 billion in power company debt


Canada’s dirtiest province is cleaning up its act, and that’s expected to result in $7 billion (US$5.2 billion) in new debt from power companies such as TransAlta Corp. to fund green energy projects in the coming years. Secret deal on carbon emissions divides oilpatch EXCLUSIVE: A bargain between four of …

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Laura’s Shoppe Inc to focus on store renovations, e-commerce after deal with creditors


TORONTO — Canadian retailer Laura’s Shoppe Inc. says it has reached a deal with its creditors about the future of the company. The Montreal-based owner of more than 140 women’s clothing stores, under the various Laura banners and Melanie Lyne, filed for creditor protection on July 31 and later shuttered …

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Where have all the Canadian tourists gone? Weak dollar keeps them from visiting the U.S.


ORLANDO, Fla. — Around this time of year, Joel and Lorraine Leydier usually make their annual drive from their home in a small town east of Toronto to Myrtle Beach, South Carolina, where they love watching the beach from the balcony of their hotel, shopping and listening to music at The …

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