Canada Top Stories

Canadian resource companies investing abroad at record levels

Statistics Canada reported Thursday that Canadian-based energy and mining companies…

North American Palladium discovers new zone at Lac des Iles

The new discovery could add 25,000 metres of underground exploration…

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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.