Business News
National Energy Board give OK to TransCanada's Keystone XL pipeline project
CALGARY - The National Energy Board approved Thursday an application by TransCanada Corp. (TSX:TRP) to build its Keystone XL pipeline project, an expansion of its Keystone pipeline to the U.S. Gulf Co...
550 employees at Siemens plant in Hamilton set to lose their jobs
TORONTO - About 550 employees at the Siemens Energy gas turbine plant in Hamilton are set to lose their jobs as the German industrial conglomerate relocates the facility to North Carolina. The jobs...
Alberta cuts royalty rates for oil and gas industry in bid to win investment
CALGARY - The Alberta government is cutting royalty rates for the oil and natural gas industry starting next year in a bid to win back investment in the province. The maximum royalty rates for conv...
Transat stock hammered after Q1 loss turns out to be deeper than expected
MONTREAL - Transat A.T. Inc. said it's model as one of Canada's largest vacation companies isn't broken even though poor results and the prospect of a loss for the key winter travel period caused its ...
Com Dev reports Q1 profit down from year ago mark, revenue creeps up
CAMBRIDGE, Ont. - Com Dev International Ltd. (TSX:CDV) said Thursday it earned $2.2 million, down sharply from $4.4 million a year ago, as revenue crept higher. "In the first quarter we maintained ...
Crude prices settle little changed as traders weigh demand concerns
NEW YORK - Oil prices stayed put, just above US$82 on Thursday, as investors mulled demand uncertainties and a government report that showed America's huge natural gas reserves shrank a little last we...
Ballard en route to growth as interest in fuel cell technology heats up
Ballard Power Systems is in a strong position for growth this year as the international community becomes increasingly interested in the role fuel cells play in a clean-energy future, company official...
Imax reports $4 million profit in fourth quarter, revenue up helped by Avatar
TORONTO - Massive-screen movie company Imax Corp. rose to profitability in the fourth quarter with help from Hollywood mega-blockbuster "Avatar." The Toronto-based company, which operates theatres ...
Late day gain in financial, gold stocks takes stock markets higher
TORONTO - The Toronto stock market closed slightly higher Thursday thanks to a late-day gain in financial and gold stocks that sent the S&P/TSX composite index up 18.64 points to 11,979.7. The TSX ...
N.S. premier defends Daewoo deal against Opposition risky business claims
HALIFAX, N.S. - There is no guarantee Nova Scotia taxpayers' stake in a wind turbine plant will result in any potential profits flowing into provincial coffers, Premier Darrell Dexter said Thursday. ...
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