CN Rail Open to Moving Alberta’s Oil-Shipping Deals to Drillers
Canadian National Railway Co. is open to transferring the crude-by-rail contracts that it signed with Alberta to private companies or to striking other arrangements that put its spare shipping capacity to use, CEO Jean-Jacques Ruest said.
May 9, 2019Canada Won’t Ratify USMCA Trade Deal if Metals Tariffs Are in Place
Canada is ratcheting up pressure on the U.S. to lift tariffs on steel and aluminum — threatening to hold up the new continental trade deal and change up its own retaliatory tariffs to have a bigger impact.
Canadian Oil Rally May Falter Amid Pipeline Delay, Deloitte Says
The stubborn, sharp rise in Canadian heavy crude prices finally may falter later this year, when swelling output overwhelms a pipeline system that will be lacking a key project producers had counted on, according to Deloitte.
April 3, 2019Fiat Cuts 1,500 Jobs as Canada Plant Reduces Minivan Output
Fiat Chrysler Automobiles NV is cutting about 1,500 jobs at a factory in Canada that’s scaling back production due to slowing minivan sales.
Canada Factories Halt Slide With Strongest Gain in Seven Months
Canadian manufacturers began 2019 with their strongest sales gain in seven months, bringing an end to a string of bad reports.
Canadian Oil Industry Takes Fresh Hit With Key Pipeline Delay
Canada’s already beaten-down oil industry is facing a fresh setback as regulatory issues bog down another key pipeline project.
March 4, 2019Vancouver Squeezed for Industrial Space, Canadian Brokerage Says
The market for industrial space is so hot in Vancouver, British Columbia, the city may run out of land for the sector, according to brokerage CBRE Ltd.
Alberta Expects $1.7 Billion Profit From Crude-by-Rail Operation
Alberta is preparing a giant crude-by-rail operation to help its oil-sands producers cope with a pipeline crunch, and it expects a big profit from the venture.
Railcar Loads for Canadian Oil Hit Record Amid Pipeline Bottleneck
Heavy Canadian crude isn’t getting cheaper, but that hasn’t stopped companies from splurging on costly rail shipments.
Canadian Factory and Wholesale Slump Confirms Economic Slowdown
Canadian manufacturers and wholesalers recorded sharply lower sales in November, adding to evidence the nation’s economy entered a soft patch at the end of last year.