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Tesla Motors Inc posts 11th straight quarterly loss, but expects to become profitable in 2016

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Tesla Motors Inc forecast deliveries of Model S sedans and Model X SUVs that topped analysts’ estimates and said hello expects to show in a profit in 2016, sending its shares 15 percent higher in after-hours trading. The electric car maker has long enjoyed the status of Silicon Valley darling because of its brash innovation in electric cars. Its technological ...

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Ottawa talking to pension funds about investing in infrastructure

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The Canadian government is speaking with the country’s largest pension funds about purchasing vast amounts of dollars price of infrastructure projects to assist stimulate the economy, the Infrastructure Ministry told Reuters on Wednesday. Prime Minister Justin Trudeau’s Liberals won an election in October around the back of a promise to run three consecutive annual budget deficits of up to $10 ...

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Gold miner Kinross Gold Corp reports big quarterly loss but offers solid 2016 guidance

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Kinross Gold Corp. reported an enormous fourth quarter loss on Wednesday due to writedowns, however the company beat its production and price guidance and offered up a good outlook for 2016. Toronto-based Kinross was the very first senior Canadian gold miner to report earnings this quarter, and also the results set a comparatively upbeat tone for the rest of the ...

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Agropur looking for growth in U.S. while defending Canada’s quota system

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MONTREAL – Canada’s second-largest dairy producer, the farmer-owned Agropur Cooperative, says it sees the company’s growth not within the nation, where it’s defended the protectionist supply-management system when threatened with free-trade deals, however in the U.S. where it can import to international markets including north of the border. “It’s certain that development for all of us will come primarily from the Usa,” ...

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Jack Mintz: Putting a tiger in the Atlantic provinces’ tank

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With budget time approaching at the federal and provincial levels, finance ministers will attempt to solve the quandary of yawning deficits in the existence of slow growth. Should governments take on fiscal stimulus C more spending or tax cuts C that will boost the deficit and, hopefully, spur growth? Or whenever they take on austerity to prevent the stress of ...

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LNG projects progressing in Nova Scotia, while B.C. faces delays

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CALGARY ? The very first liquefied gas project in Canada may be built on the East Coast, not the West Coast. Shell puts off decision on LNG megaproject in B.C. for an additional year because it grapples with plummeting oil prices and earnings The punches keep coming for the Canadian gas and oil industry. The most recent uppercut came from ...

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Alabama Graphite: The Future is Bright Green

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Alabama Graphite: The Future is Bright Green In the middle of a wounded junior resource market those companies with superior management and realistic business strategies present the greatest opportunities. Alabama Graphite Corp. (V.ALP) may very well be one of those companies. Alabama Graphite has a resource: an enormous graphite deposit within the mining friendly state of Alabama; a skilled management ...

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Cenovus Energy Inc slashes dividend, cuts spending and jobs as loss deepens more than expected

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Oil producer Cenovus Energy Inc posted a bigger-than-expected quarterly loss and announced a fresh round of cuts to its quarterly dividend, 2016 capital budget and workforce, because it tries to shore up finances amid an incessant fall in oil prices. The Canadian company, that has been cutting costs in reaction to a more than 70 per cent fall in oil ...

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