Natural gas titan Encana Corporation (TSX: ECA) (NYSE: ECA) posted Wednesday a $1.24-billion net loss in its third quarter, driven mainly by lower natural gas prices over the past year, but it said it was still on track to meet its financial guidance for the full year.
Teck Resources Ltd. (TSX:TCK.B and TCK.A),(NYSE:TCK) said Wednesday it is deferring about $1.5-billion in capital it had expected to spend this year and in 2013, adding its third quarter profit dropped by more than half.
Canada’s provincial government of British Columbia is investigating allegations that Chinese workers applying for jobs may have been requested to pay fees to apply for mining positions in B.C.
Thousands of people jammed the front lawn of Canada’s British Columbia parliament on Monday to oppose the controversial Enbridge's proposed $5.5-billion pipeline from the Alberta oil sands to the country's West Coast.