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Nova Scotia’s Emera Inc eyes Alberta to grow its clean power business


CALGARY — Alberta’s aggressive climate change plan is causing anxiety among its energy consumers and producers, who have historically relied on abundant fossil fuels resources. But at least one company, Emera Inc., is excited about its forced transition to clean energy. Alberta’s move to green energy seen adding $7 billion …

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Are gas prices too high? BMO report suggests Canadian drivers not reaping full benefit of low oil


TORONTO — A report by the Bank of Montreal suggests Canadian drivers aren’t reaping the full benefit of lower oil prices when it comes to prices at the pump. BMO senior economist Benjamin Reitzes pointed to a chart that showed when the Brent crude oil price was last at today’s …

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U.S. Congress repeals meat labelling law after facing Canadian retaliation


OTTAWA — A potential trade war between Canada and the United States was all but averted Friday when Congress passed a massive spending bill that also repealed a controversial meat labelling law. The 2,000-plus pages of legislation contained a two-page rider that scrapped the U.S. labelling law, known as COOL, …

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How an emerging labour movement in China’s Wal-Mart stores threatens expansion ambitions of all Western retailers


When Zhang Jun, a 44-year-old electrician at a Wal-Mart store east of Beijing, shared a Mao-era propaganda poster on his Weibo blog, he was making a point. Why China is still a foreign territory to Canadian retailers Why have so few Canadian retailers looked to expand into the populous, burgeoning …

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Alberta’s clean-tech sector could be one of the province’s few growth businesses in 2016


CALGARY – While many companies that service the oil and gas industry are struggling with record-low demand for their expertise, Scott Nelson and his team have become steadily busier in recent weeks. Oilfield services companies face a 2016 where there’s little left to cut As prices started receding in November …

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Chance of rate cut rising as markets anxiously await details of Trudeau’s stimulus rescue


The likelihood of a Bank of Canada rate cut is rising as markets await details of Prime Minister Justin Trudeau’s promised stimulus package for the Canadian economy. Markets have begun pricing in a greater chance this week that the Bank of Canada will move to cut its interest rates sometime …

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Air Canada asks Supreme Court to reject maintenance ruling in Quebec lawsuit fight


MONTREAL — Air Canada has asked the Supreme Court to intervene to overturn a court ruling that requires the carrier to keep maintenance operations in the country. The Montreal-based airline said Tuesday it is seeking leave to appeal a Quebec Court of Appeal decision in November. That ruling upheld a …

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Fund managers not fussed about potential mining rally


The mining sector has underperformed global markets for an unprecedented five straight years. A sixth wouldn’t come as a shock, but according to Citigroup analysts, fund managers are giving more thought to the possibility that the sector has bottomed and is poised to rally in 2016. The broader question, however, …

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Does Suncor have an ‘obligation’ to release results of its offer for Canadian Oil Sands?


On the first day of trading after Suncor failed to receive enough shareholder support for its bid to take over Canadian Oil Sands, the hunted turned hunter: COS says Suncor has an “obligation to disclose material facts” on its bid. In particular, COS wants to know how many shareholders tendered …

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Oil lurches closer to $20 Goldman Sachs doomsday forecast: ‘The supports are crumbling’


LONDON — When U.S. investment bank Goldman Sachs said last year that oil could fall as low as US$20 per barrel, it assigned a fairly low probability to that scenario. Canadian crude — the world’s cheapest oil — falls to record low as slump deepens A deepening oil market slump …

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