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Shell puts off decision on LNG megaproject in B.C. for another year as it grapples with plummeting oil prices and earnings

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The punches keep coming for that Canadian oil and gas industry. The latest uppercut originated from Royal Dutch Shell Plc. on Thursday, because it postponed a choice on its US$40 billion liquefied gas export project in Kitimat, B.C. “likely” to the end of the year. Like most energy companies, Shell is reining in spending amid a serious oil and gas ...

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BCSC hires new head of enforcement after departure of former Crown prosecutor

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The Bc Securities Commission filled a vital positions Wednesday using the appointment of Peter Brady as director of enforcement.  Brady was recently director of corporate finance in the BCSC, and replaces Teresa Mitchell-Banks, an old high-profile Crown prosecutor who left the commission in November after being appointed with much fanfare this year. That was exactly the same year Brady, an ...

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Bell Media braces for U.S. advertising blitz during next year’s Super Bowl thanks to ‘bizarre’ CRTC ruling

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As the NFL’s Carolina Panthers prepare to take on the Gambling this Sunday, Bell Media is preparing for the chance this is the last Super Bowl having a guaranteed audience for Canadian ads. Terence Corcoran: CRTC fumbles its imaginary Super Bowl commercial crisis If this were 2017, the Victorias secret Super Bowl commercial would be no secret to Canadians watching the ...

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Housing starts slow in January as energy slump weighs

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OTTAWA – Canadian housing starts slowed in January as groundbreaking on new homes fell towards the lowest level in four years in provinces which have been hurt through the downturn within the energy sector, a report from the national housing agency showed on Friday. The seasonally adjusted annualized rate of housing starts fell to 165,861 units last month from the ...

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Shell posts its worst performance on oil reserves since 2004 scandal

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Royal Dutch Shell Plc said hello depleted its gas and oil reserves much faster than it replenished all of them with new resources in 2015, its worst performance since an accounting scandal that engulfed the organization 12 years back. Shell said its reserves replacement ratio – the proportion of oil and gas production in the past year that was offset ...

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Low loonie luring foreign buyers, but an M&A boom in Canada may prove elusive

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Canadian companies are wanting to make deals and international businesses are looking to purchase in a low-loonie environment, but don’t expect that to create a wave of acquisitions this season. A decline in excess of 30 per cent in the exchange rate from the Canadian dollar from the greenback makes it less expensive for American firms to scoop up their northern ...

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Trudeau pushing for Bombardier Inc governance changes in exchange for possible aid: sources

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OTTAWA ? The Canadian government is pushing for changes in the dual-class share structure of embattled aircraft manufacturer Bombardier Inc. in return for possible financial aid, officials acquainted with the plans said. Prime Minister Justin Trudeau’s government, which is reviewing a request by Bombardier to assist fund the development of its C Series jet, is concerned about the company’s corporate ...

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Belinda Stronach’s latest makeover sees her drinking from the fountain of youth with new ‘ingestible beauty products’

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The bass thump of the dance tune pounds through La Socit, a restaurant of Toronto nightclub king Charles Khabouth, who inside a flourish of kitsch has recreated a 19th century Paris bistro, complete with stained glass ceiling, dark wood, white tile floors and art nouveau dcor, in a 1960s poured concrete building. Two women confer inside a corner booth. Younger ...

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