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	RUBRIC NEWS : "POWER MARKET"

09 Dec 2009 10:38

Canada's Husky Energy discovers deepwater gas reserve : Canada's Husky Energy Inc announced Wednesday it had discovered a significant deepwater gas reserve with its Chinese partner CNOOC, renewing exploration hopes in the South China Sea. Based on preliminary analysis of drilling results, the discovery could provide more than 140 million cubic feet (four million cubic metres) of natural gas a day, the energy company said in a ...

11 Nov 2009 07:14

Canada Oil Sands Output May Double by 2020, Researchers Say : Crude production from oil sands in western Canada may more than double to 3.2 million barrels a day by 2020, depending on the pace of economic recovery, the Centre for Global Energy Studies ...

SemBioSys Genetics Inc agrees to sell its part of Botaneco to Advitech : SemBioSys Genetics Inc. (TSX:SBS) said Wednesday it will gain a 10 per cent stake in Advitech Inc. (TSXV:AVI) in exchange for selling its part of Botaneco Speciality Ingredients in ...
21 Oct 2009 10:30

Canada, U.S. Making Progress in Buy America Dispute : Oct. 19 (Bloomberg) -- The U.S. and Canada are making progress in resolving a dispute between the countries over Buy America restrictions in the $787 billion U.S. stimulus measure, a Canadian ...
20 Oct 2009 08:22

13 Oct 2009 07:32

Canada increases offshore energy production : The Telegram reported Saturday that StatoilHydro Canada Vice President Hege Rogno said that the company, which operates 39 producing oil and gas fields, said, "Our wish here is to become a producing operator ...

12 Jun 2009 08:20

Telford Services to be bought by Aviation Acquisitions for $2.2 million : Telford Services Group Inc. (TSXV:TLF), a company providing services to the oil and gas industry, announced Friday it had reached an agreement to be purchased by Alberta-based ...

Saudi oil giant recruiting green Calgary firms : With a worldwide recession continuing to deepen and large multinational energy companies continuing to scale back, there might be "billions of dollars" in opportunities for Canadian businesses possessing ...
24 Mar 2009 07:10

Increase in home sales brings hope : A bright ray of optimism has pierced the leaden clouds that were hanging over Calgary's real estate market early this year. Sales of single-family homes increased 50% to 825 units in February compared to January, show figures released yesterday by the Calgary Real Estate Board. Condominium sales rose 52% to 334 units during the same ...
03 Mar 2009 07:12

Imperial Oil’s proved reserves grow by 50 per cent in 2008 : Imperial Oil Ltd. (TSX:IMO) says its proved reserves at the end of 2008 were 50 per cent higher than they were a year earlier. The Calgary-based oil and gas company’s proved reserves rose to the equivalent of 2.3 billion barrels of oil. ...
16 Feb 2009 07:00

Canadian ambassador warns against 'Buy America' : Reports say Canada’s ambassador to the United States has bluntly warned American lawmakers their nation’s moral authority on global trade issues is being put at risk. A letter to U.S. Senate leaders from Michael Wilson warns of that prospect should “Buy American” provisions in President Barack Obama’s economic rescue package become law. ...
04 Feb 2009 08:30

23 Dec 2008 05:56

GM Investors Bet Lifeline From U.S. Won’t Be Enough (Update4) : General Motors Corp. Chief Executive Officer Rick Wagoner said the biggest U.S. automaker got “what we asked for” with $9.4 billion in U.S. loans over the next 24 days. Investors bet ...

17 Dec 2008 04:49

Canada Job Losses Would Be ‘Catastrophic’ in Automaker Collapse : The failure of General Motors Corp., Chrysler LLC and Ford Motor Co. would be ‘catastrophic’ for the Canadian labor market, the Ontario government said, backing an industry estimate ...

November building permits up this year : Building permits for all types of construction issued by the City of Calgary for November are 59% ahead of last November's pace with the jump being attributed to new applications in the institutional sector, good ...
08 Dec 2008 09:02

Budget officer predicts $3.9B deficit : Canada’s parliamentary budget officer is forecasting that the federal government will run a $3.9-billion deficit next year unless there are major changes to fiscal policy. Kevin Page briefed MPs today on his new report, which assesses the impact on Canada of the reeling global economy. ...
20 Nov 2008 07:28

Premier fears Obama will force jobs out of Ontario : Ontario Premier Dalton McGuinty says he is worried that U.S. president-elect Barack Obama will force the Detroit Three auto makers to repatriate jobs by pulling production out of Canada and Mexico in ...
13 Nov 2008 05:33

11 Nov 2008 05:15

Brick Group May Buy Canadian Circuit City Stores, Post Says : Brick Group Income Fund, the Toronto-based owner of ``The Brick'' furniture stores, is a potential buyer of the Canadian unit of Circuit City Stores Inc., the National Post reported, citing ...

Sarkozy: Quebec-France ties should not divide Canada : Quebec’s deep ties with France should never become the wedge that divides a united Canada, French President Nicolas Sarkozy said Friday. After emerging from a meeting in Quebec City with Prime Minister Stephen Harper, Sarkozy was asked about his position on the three-way relationship between France, Canada and Quebec. ...
19 Oct 2008 12:40

Calgary real estate market back to normal : After a year of listening to experts saying the Metro Calgary real estate market was returning to normal, we may finally have reached it. MLS sales statistics for September were released this week by the Calgary Real Estate Board, and in the single-family market, sales last month were up about 9% from September last year. Granted, it's not a ...
03 Oct 2008 16:17

30 Sep 2008 06:40

Oil Rises on Speculation U.S. Will Pass a Bank Bailout Plan : Crude oil rose, recovering from its biggest drop in seven years, on speculation the U.S. government will salvage plans to bail out banks. Judd Gregg, the Senate Banking Committee's ranking Republican, and Barack Obama, the Democratic presidential candidate, said a deal would eventually pass. Oil slumped more than $10 yesterday ...

29 Sep 2008 12:20

Chinese buy another Calgary energy company : Tanganyika Oil Co. has become the latest Canadian oil company with significant interests in the Middle East to be sold to a foreign company. The Calgary company announced early Thursday that it had struck a deal to be acquired by Chinese refiner Sinopec International Petroleum Exploration and Production Corp. for $2 billion. ...

22 Sep 2008 04:03

Oil Rises for Fourth Day as U.S. Bailout Plan May Spur Demand : Crude oil rose for a fourth day in New York on speculation the U.S. government's proposed $700 billion rescue plan for the finance industry will spur demand. Oil has climbed 16 percent since Sept. 16, the biggest four-day gain since October 2000, as lawmakers pledged fast consideration of the Treasury's plan to buy devalued mortgage- related ...

Oil, Gasoline Fall After Gulf of Mexico Platforms Escape Damage : Crude oil and gasoline fell as Royal Dutch Shell Plc and ConocoPhillips said that Hurricane Gustav caused no damage to platforms in the Gulf of Mexico. Exxon Mobil Corp. said workers are returning to offshore platforms that weren't in the direct path of Gustav. Oil fell 7.1 percent this week as the euro dropped to a seven-month low ...
03 Sep 2008 11:25

27 Aug 2008 03:59

Precision buys Grey Wolf : Lured by reservoirs of unconventional natural gas in the U.S. and a bullish belief in natural gas prices, Precision Drilling Trust is spending $2.1 billion in equity and cash to buy a Texas-based drilling company. ...

Carney Sticks to Inflation Target, Floating Currency (Update2) : Mark Carney, who takes over as Bank of Canada governor on Feb. 1, promised to stick with an inflation target and a floating currency and said fixing the Canadian dollar to its U.S. ...
06 Dec 2007 07:30

04 Dec 2007 04:34

Aeroplan Buys U.K.'s Nectar, Seeks Mileage-Plan Stake (Update4) : Aeroplan Income Fund, the operator of Air Canada's frequent-flier program, agreed to buy the U.K.'s Nectar customer-loyalty business and said it plans more purchases such as taking a ...

Agrium Agrees to Buy UAP Holding for $2.16 Billion (Update6) : Agrium Inc., North America's third- largest fertilizer producer, agreed to buy UAP Holding Corp. for $2.16 billion to double its U.S. retail outlets as demand for crop-protection products ...
04 Dec 2007 04:30

29 Nov 2007 05:16

Crude Oil Surges After Explosion at Enbridge's Pipeline to U.S. : Oil surged more than $4 a barrel, the most in a month, after an explosion at an Enbridge Inc. pipeline from Canada to the U.S. cut supply to the world's largest energy user. ...

Canadian Imperial Stock Has Longest Losing Streak in 25 Years : Canadian Imperial Bank of Commerce's stock has fallen 11 straight days, its longest losing streak in almost 25 years, on concern the bank may take more writedowns on its U.S. subprime ...
22 Nov 2007 06:39

Canada Bonds Advance on Inflation Report, Rate-Cut Speculation : Canada's government bonds rose, pushing the yield on two-year debt to the lowest since 2005, after declining inflation fueled speculation the Bank of Canada will reduce borrowing costs. ...
20 Nov 2007 12:58

Canadian Officials Say China Must Do More on Yuan (Update1) : Canadian officials said China must allow the yuan to appreciate faster after a ``frank'' round of talks at a meeting of policy makers from the Group of 20 nations. ``China and a number of other Asian countries need to do more,'' Canadian Finance Minister Jim Flaherty said on a conference call with reporters from Kleinmond, South Africa, where the G-20 ...
19 Nov 2007 04:23

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