Canada Top Stories

Canadian juniors shifting focus to Africa, away from South America

Spending destined for South America drops by $600m, while share…

Russia wants to join Luxembourg in space mining

Space mining has been the realm of science fiction, but…

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From energy footnote to oil giant: Infographing the Canadian oil boom

Infographics design firm Visual Capitalist has constructed a very interesting infographic on the Canadian oil boom. Thanks mostly to the northern Alberta oilsands, the amount of crude oil underneath Canadian soil or waters has gushed from a mere 7 billion barrels a decade ago to an astonishing 175 billion barrels. The only countries with more crude oil than Canada are Venezuela and Saudi Arabia.

Two new pipelines to compete with Keystone XL

U.S.-based Enterprise Products Partners LP (NYSE:EPD) and Canadian Enbridge Inc. (NYSE/TSX:ENB) are shaping up as the main competitors for TransCanada Corp’s Keystone XL, as the two companies announced they will build new pipelines that will move as much as 850,000 barrels of crude oil a day from Canada to refineries along the Gulf Coast by mid-2014.