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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 ...

TORONTO ? “Permission to Relax” is among four inspirational sayings etched on the stemless Riedel wine glasses Starbucks is using for that debut of its Starbucks Evenings program in Canada. Starbucks taking its mobile app to new heights with overseas expansion Starbucks Corp., a pioneer in getting consumers to purchase products with a mobile phone, is boosting paying for digital ...

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 ...

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 ...

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 ...

OTTAWA – The mood among Canadian business leaders is “subdued overall,” because the drag in the oil-price shock is constantly on the overshadow steady foreign demand that’s been fuelled with a weak dollar. “Expectations for future sales growth remain positive, with clear signs of support from U.S. demand,” the financial institution of Canada said Friday in the spring Business Outlook ...

After almost 2 yrs of sinking oil prices and a minimum of 40,000 job cuts, Canada’s petroleum industry still isn’t finished tackling its bloated operations. How hard-hit oilfield workers are demanding respect amid 'absolute desperation’ They are demanding respect, however, you also feel the desperation as Canada’s hard hit gas and oil drilling and services companies mobilized this week to ...

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 ...