Alberta's oil sands will positively affect all Canadian provinces and will lead to billions of dollars of jobs and investment across the country, says a Conference Board of Canada report released Wednesday.
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.
Canada-based Nautilus Minerals Inc. (TSX&LON:NUS) sank to fresh lows Wednesday in London, falling almost 5%, hit by the news of a Papua New Guinea’s landowners petition to the Government to cancel the firm’s seabed mining permit.
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.
Oil was trading higher Friday morning driven, in part, by TransCanada Corp's (TSX, NYSE:TRP) announcement yesterday that it was temporarily shutting down its existing Keystone pipeline after tests showed possible safety issues.