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In a brief history of the automobile, this is definitely something we haven’t seen before. Tesla has lifted the veil on its most important undertaking: the Model 3, a US$35,000 car designed to bring electric vehicles and autonomous driving towards the masses. By the looks of it, and also the interest it’s attracting, it just might succeed.  On Thursday, Tesla raked in ...

As Canadian regulators prepare this month to unveil proposed changes towards the way financial advisers deal with clients, a new paper is warning that altering the way advisers are compensated could worsen the retirement picture for many Canadians. Unbundling fees from investment products, an idea being studied by provincial regulators across Canada in the form of a potential ban on ...

The $9-billion Site C dam being built in northeast British Columbia should be an environmentalist’s dream. It’ll generate clean, renewable and affordable power and help the country meet its climate change commitments. It would also earn money for BC Hydro, its proponent and also the provincial crown corporation at the heart from the West Coast province’s green image. How hard-hit ...

CALGARY — Cenovus Energy has begun to apply 440 job cuts due to low oil prices. Spokesman Brett Harris says Cenovus has already cut 190 mostly contractor positions, while another 250 people from its Calgary head office and field operations will go within the coming weeks. The company said in February that it was planning to cut operating and administrative ...

Saudi Arabia gets ready for the twilight of the oil age by creating the world’s largest sovereign wealth fund for the kingdom’s most prized assets. 'Fragile five': These OPEC producers take presctiption the verge of collapse if oil prices don't stabilize ‘There are five sovereign producers which are on the precipice of a major crisis amid the current low oil ...

VANCOUVER – Westcoast Energy is selling its Canadian gas liquids business for $200 million to Plains Midstream Canada ULC. The deal includes Westcoast’s Empress extraction and fractionation facility, a transmission pipeline, seven NGL terminals and 2 storage facilities in Western Canada. Natural gas liquids products include propane, butane and ethane. The deal was announced by Spectra Energy Corp., which acquired ...

CALGARY – The oil crash was rough on most Albertans in 2015, however for Steve Williams, president and CEO of Suncor Energy Inc., it included a pay raise. Among his achievements, the business’s board of directors highlighted the CEO’s contribution to the controversial global warming leadership plan announced by Rachel Notley’s NDP government last November. “Through a committed vision of ...

Potash prices have continued to decline in recent weeks, putting significant pressure around the producers. As a result, Potash Corp. of Saskatchewan Inc.’s 2016 earnings guidance – that was announced barely 8 weeks ago – is already looking shaky, based on CIBC World Markets analyst Jacob Bout. In late January, Potash Corp. predicted earnings of US90 cents to US$1.20 a ...