How to go about securing the best return for your investment in Canada.
Latest News
For markets, hot wars and currency cold wars + MORE Apr 17th
Haven assets move on geopolitics as U.S. dollar shifts on Trump comments
.... More »
Tullow Oil CEO Resigns After Company Loses Half Its Value - OilPrice.com Dec 9th
Tullow Oil CEO Resigns After Company Loses Half Its Value OilPrice.comTullow Oil shares dive as chief is ousted amid problems in Ghana The GuardianA British oil stock tanked 60% after the shock resignation of the CEO and head of exploration Business InsiderTullow sha.... More »
The TSX outlook looks bright for October – especially for one sector + MORE Sep 29th
Canada’s benchmark stock index has been trending up since the end of January
.... More »
Want to save money on gifts? Embrace holiday sales, and start early Nov 23rd
Have you started your holiday shopping yet? Plenty of Canadians are hitting “Add to cart” extra-early, whether they’re buying for Christmas, Kwanzaa or Hanukkah. Last year, supply-chain issues frustrated shoppers. The shipping delays have improved somewhat this year, but now inflation and tigh.... More »
Her home insurance company dumped her after two modest claims. Here's how to make sure it doesn't happen to you Aug 18th
Ruth Blair's insurance broker eventually had a change of heart, but cases of nonrenewal are spiking, experts say, as companies lower their risk to sweeten corporate mergers..... More »
‘It sucks:’ Hardisty, town at start of Keystone XL, takes stock of rejection
– canadianbusiness.com
HARDISTY, Alta. – Lee Hayes and his coworker Dave Stuart have a blunt assessment of U.S. President Barack Obama’s rejection of the Keystone XL pipeline: “It sucks.”
The two 50-something men make their living maintaining equipment in the tiny, quiet town of Hardisty, Alta., where oilsands crude was to have begun its journey along Keystone XL.
“It creates a domino effect,” Hayes says of the blow to the US$8 billion project. “Plus, the price of oil is down right now.”
Stuart agrees the nixing of Keystone XL is particularly unwelcome when the price of oil is languishing below US$50 a barrel.
“It’s two strikes against you before you even get going,” he says.
Hardisty is the starting point of the existing Keystone system that has been shipping crude to the U.S. Midwest since 2010, Oklahoma since 2011 and the Gulf Coast since early 2014.
With the XL segment, pipeline builder TransCanada Corp. (TSX:TRP) was to have provided a more direct route for 830,000 barrels a day to get to the lucrative Gulf market, jutting diagonally from the Canada-U…
The two 50-something men make their living maintaining equipment in the tiny, quiet town of Hardisty, Alta., where oilsands crude was to have begun its journey along Keystone XL.
“It creates a domino effect,” Hayes says of the blow to the US$8 billion project. “Plus, the price of oil is down right now.”
Stuart agrees the nixing of Keystone XL is particularly unwelcome when the price of oil is languishing below US$50 a barrel.
“It’s two strikes against you before you even get going,” he says.
Hardisty is the starting point of the existing Keystone system that has been shipping crude to the U.S. Midwest since 2010, Oklahoma since 2011 and the Gulf Coast since early 2014.
With the XL segment, pipeline builder TransCanada Corp. (TSX:TRP) was to have provided a more direct route for 830,000 barrels a day to get to the lucrative Gulf market, jutting diagonally from the Canada-U…
