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Tough times in the oilpatch are resulting in deep frugality within the grocery aisles, delivering a harsh blow towards the owner of Sobeys and Safeway. Empire Co. posted adjusted third-quarter earnings Thursday which were far below analyst estimates and also the Stellarton, N.S.-based retailer lost $1.36 billion in the third quarter after writing down the value of its Western Canadian ...

Energy analysts at TD Securities are pretty pleased with the current gains in oil prices, particularly simply because they designed a contrarian call in February and told clients to overweight the sector because US$30 per barrel crude doesn’t make much sense. However, they highlighted what they think about a troubling development: the continuing softness in Canadian benchmark AECO gas prices. ...

Twitter Google+ Reddit Email Typo?More Comments LinkedIn TumblrPinterest DiggFarkItStumbleUpon OTTAWA – The Liberal-dominated House of Commons finance committee is recommending the us government “provide targeted support” to regions battered by low commodity prices, and consider overhauling Canada’s tax system – although not touch current small-business tax rules. The committee, in its budget recommendations tabled Friday, also calls around the government ...

CALGARY ? In another setback for that Canadian liquefied gas industry, the U.S. Federal Energy Regulatory Commission has denied a credit card applicatoin to build a pipeline to provide gas to some proposed LNG project. Calgary-based Veresen Inc. has been trying to sign up customers because of its proposed Jordan Cove LNG plant around the coast of Oregon, but confirmed ...

CALGARY – A deal for Houston-based gas pipeline operator Columbia Pipeline Group Inc. will give TransCanada Corp. use of high-growth U.S. shale plays, analysts said Thursday. TransCanada, the Calgary-based pipeline company whose Keystone XL oil pipeline project was rejected late last year, issued a statement confirming it had been in talks with a “third party” about a “potential transaction.” “While ...

TORONTO – Royal Bank says low oil prices will make 2016 more challenging for Canada’s economy than previously thought. The bank has lowered its forecast with this year’s gdp to simply 1.7 percent. That’s down from RBC’s December forecast of 2.2 per cent growth this season. Related Alberta’s unemployment rate highest in 20 years as Canada’s job growth stallsCanadians now ...

Since the Saudis lopped from the head of oil price support in December 2014, energy investors – as well as energy companies and also the thousands of Canadians who work with them, or at best used to – have lived via a long dark winter of Game of Thrones proportions. IEA for the first time sees light at the end ...

U.S. gas drillers battered through the lowest prices in 17 years have found another release valve for their output: Canada. Over the past 5 years, the shale boom that unlocked vast supplies of gas across The united states has tripled pipeline shipments from the U.S. to Mexico, and spurred the very first seaborne exports from the lower 48 states. Now, ...