Business News
National Energy Board give OK to TransCanada's Keystone XL pipeline project
CALGARY - The National Energy Board approved Thursday an application by TransCanada Corp. (TSX:TRP) to build its Keystone XL pipeline project, an expansion of its Keystone pipeline to the U.S. Gulf Co...
Power Corp. of Canada reports Q4 profit, as revenue falls from year ago
MONTREAL - Power Corp. of Canada said Thursday it earned $54 million in its latest quarter as revenue dropped. The diversified conglomerate said the profit amounted to 10 cents per diluted share fo...
Alberta cuts royalty rates for oil and gas industry in bid to win investment
CALGARY - The Alberta government said Thursday it will slash its royalty take from oil and gas producers, many of whom responded to a new regime introduced a year ago by moving their investment elsewh...
Agrium drops hostile takeover offer for U.S. company CF Industries
CALGARY - Canadian fertilizer giant Agrium Inc. is dropping its US$5.5-billion takeover bid for U.S. company CF Industries Holdings Inc., which this week came one step closer to winning a hostile acqu...
Closed Listowel, Ont., soup factory to make hot dogs, employ up to 500 people
LISTOWEL, Ont. - A $3-million grant from the Ontario government - along with $40 million in private funds - will help turn a closed Campbell's Soup plant in this small southwestern community into a "v...
Quebec, Vermont utilities sign accord which could boost power exports
QUEBEC - Vermont's two biggest utilities signed a deal Thursday aimed at increasing the amount of power the state gets from Quebec. "Reaching a new long-term agreement with Hydro-Quebec is a good d...
