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Kingston fire destroys Cabot Academy elementary school - CBC Aug 15th
Kingston fire destroys Cabot Academy elementary school CBCDesperate C.B.N. residents question where firefighting assets go, and why CBCEvacuation Order Lifted for Paddy’s Pond Industrial Area VOCMEvacuation order lifted for St. John’s suburb; wildfire destroys N..... More »
Fewer Canadian drivers planning to buy an EV or hybrid Nov 28th
A new survey finds fewer drivers intend to make their next car purchase an electric vehicle.
EY’s Mobility Consumer Index report shows overall intentions among survey respondents to buy a new vehicle were up 6% compared with last year. But fewer of them are leaning toward buying an EV.
Inten.... More »
Jared Kushner and Ivanka Trump made at least $82 million in 2017, documents show - Toronto Star Jun 12th
Toronto StarJared Kushner and Ivanka Trump made at least $82 million in 2017, documents showToronto StarIvanka Trump and Jared Kushner, the president's daughter and son-in-law, brought in at least $82 million in outside income while serving as senior White House advisers during 2017, according .... More »
Can you use the FHSA and HBP together? + MORE Aug 15th
If you’ve been saving up to buy your first home, you’ve probably looked into the most effective ways to invest your money and come up with a solid down payment. You may also have explored programs for first-time home buyers—after all, every little bit helps, especially in a challenging housing.... More »
Altcoins vs. bitcoin: What to consider while building your crypto portfolio + MORE Oct 20th
Cryptocurrencies have skyrocketed in popularity over the last couple of years. While bitcoin remains the “king of the hill” of virtual coins, some other altcoins (smaller cryptos) are gaining traction and market value, driven by broader acceptance among retail and institutional investors.
.... More »
Chesapeake Energy to sell North Texas Barnett Shale assets
– canadianbusiness.com
OKLAHOMA CITY – Chesapeake Energy Corp. is selling its interests in the Barnett Shale formation in North Texas to Saddle Barnett Resources to increase operating income and reduce expenses.
The Oklahoma City-based company said Wednesday it has agreed to end its natural gas gathering agreement with Williams Partners, for which Chesapeake will pay $334 million in cash. Chesapeake has also renegotiated its agreement with Williams for the Mid-Continent area in exchange for $66 million.
The Barnett transaction involves about 215,000 acres and 2,800 operated wells, which produced an average of about 65,000 barrels of oil equivalent per day in the second quarter. Proven Barnett reserves are about 81 million barrels of oil equivalent.
Chesapeake CEO Doug Lawler says exiting Barnett will increase operating income through 2019 by up to $300 million a year.
The post Chesapeake Energy to sell North Texas Barnett Shale assets appeared first on Canadian Business – Your Source For Business News.
The Oklahoma City-based company said Wednesday it has agreed to end its natural gas gathering agreement with Williams Partners, for which Chesapeake will pay $334 million in cash. Chesapeake has also renegotiated its agreement with Williams for the Mid-Continent area in exchange for $66 million.
The Barnett transaction involves about 215,000 acres and 2,800 operated wells, which produced an average of about 65,000 barrels of oil equivalent per day in the second quarter. Proven Barnett reserves are about 81 million barrels of oil equivalent.
Chesapeake CEO Doug Lawler says exiting Barnett will increase operating income through 2019 by up to $300 million a year.
The post Chesapeake Energy to sell North Texas Barnett Shale assets appeared first on Canadian Business – Your Source For Business News.
Most actively-traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,775.04, down 26.19 points):
B2Gold Corp. (TSX:BTO). Miner. Up six cents, or 1.31 per cent, to $4.64 on 10.9-million shares.
Petrowest Corp. (TSX:PRW). Oil and gas. Down nine cents, or 24.32 per cent, to 28 cents on 7.1-million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Down 29 cents, or 4.43 per cent, to $6.26 on 6.9-million shares.
Encana Corp. (TSX:ECA). Oil and gas. Down 26 cents, or 2.26 per cent, to $11.25 on 5.9-million shares.
Iamgold Corp. (TSX:IMG). Miner. Up six cents, or 0.90 per cent, to $6.74 on 5.1-million shares.
U3O8 Corp. (TSX:UWE). Miner. Unchanged at three cents on five-million shares.
Companies reporting major news:
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up two cents, or 1.02 per cent, to $1.98 on 2.1-million shares. Bombardier’s railway division has won a $1.7-billion order to build 660 railway cars that will secure 1,000 jobs at its Derby facility in England…
Toronto Stock Exchange (14,775.04, down 26.19 points):
B2Gold Corp. (TSX:BTO). Miner. Up six cents, or 1.31 per cent, to $4.64 on 10.9-million shares.
Petrowest Corp. (TSX:PRW). Oil and gas. Down nine cents, or 24.32 per cent, to 28 cents on 7.1-million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Down 29 cents, or 4.43 per cent, to $6.26 on 6.9-million shares.
Encana Corp. (TSX:ECA). Oil and gas. Down 26 cents, or 2.26 per cent, to $11.25 on 5.9-million shares.
Iamgold Corp. (TSX:IMG). Miner. Up six cents, or 0.90 per cent, to $6.74 on 5.1-million shares.
U3O8 Corp. (TSX:UWE). Miner. Unchanged at three cents on five-million shares.
Companies reporting major news:
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up two cents, or 1.02 per cent, to $1.98 on 2.1-million shares. Bombardier’s railway division has won a $1.7-billion order to build 660 railway cars that will secure 1,000 jobs at its Derby facility in England…
Prince Albert starts billing Husky for costs of oil pipeline spill in river
– canadianbusiness.com
PRINCE ALBERT, Alta. – The City of Prince Albert has starting billing Husky Energy for the cost of dealing with the effects of the company’s oil pipeline spill.
The city says it has spent “millions of dollars” in the three weeks since the pipeline leaked up 250,000 litres of heavy oil and chemicals into the North Saskatchewan River.
The spill forced the city to close its water treatment plant intake in the river and scramble to hook up new sources of water for thousands of people in the region.
The city is seeking compensation for staff salaries, contractors and materials and for employees laid off due to the temporary closure of facilities such as the Kinsmen Water Park.
Mayor Greg Dionne says many of these workers are students who need the cash for school.
The city has hired the financial firm Deloitte to help its claims and Dionne says he is confident Husky will pay up.
“We have no doubt that Husky will then reimburse us for the lost hours to our staff and facilities during the oil spill situation,” Dionne said Wednesday in a release…
The city says it has spent “millions of dollars” in the three weeks since the pipeline leaked up 250,000 litres of heavy oil and chemicals into the North Saskatchewan River.
The spill forced the city to close its water treatment plant intake in the river and scramble to hook up new sources of water for thousands of people in the region.
The city is seeking compensation for staff salaries, contractors and materials and for employees laid off due to the temporary closure of facilities such as the Kinsmen Water Park.
Mayor Greg Dionne says many of these workers are students who need the cash for school.
The city has hired the financial firm Deloitte to help its claims and Dionne says he is confident Husky will pay up.
“We have no doubt that Husky will then reimburse us for the lost hours to our staff and facilities during the oil spill situation,” Dionne said Wednesday in a release…
Why America’s 99% oppose free trade
– theglobeandmail.com
The crux of the perception problem around NAFTA, and globalization generally, may be that Americans have not shared equally in wealth growth
