Canadian energy production on the decline

StatsCan said crude oil delivered by pipelines to Canadian refineries was up 9.1% to 8.6 million cubic metres

Canadian energy production on the declineEnergy production in Canada declined in several sectors in August compared with the same month in 2018, according to Statistics Canada. The federal agency reported on Monday that production of crude oil and equivalent products (-2.4 per cent), natural gas (-4.8 per cent) and coal (-5.2 per cent), as well as electricity generation (-3.6 per…

Millennials lack basic home buying knowledge: survey

Average first-time buyer will take more time browsing Netflix than choosing a real estate agent

Millennials lack basic home buying knowledge: surveyA new study finds that millennials lack understanding of the total cost of buying a home and the majority hire the first real estate agent they meet. The study, by Nobul, a digital marketplace that matches homebuyers and sellers with real estate agents, found that 67 per cent of prospective millennial home buyers agree finding…

Suncor quarterly net earnings top $1 billion

Total oil sands production during the third quarter increased to 670,000 barrels per day

Suncor quarterly net earnings top $1 billionCalgary-based energy giant Suncor is reporting net earnings of $1.035 billion ($0.67 per common share) in the third quarter of this year. That’s down from $1.812 billion ($1.12 per common share) in the corresponding quarter in the prior year. Funds from operations were $2.675 billion ($1.72 per common share) in the third quarter compared to…

Alberta lashes out at feds over Encana move

Move still requires shareholder, stock exchange and court approval but it is expected to take place in early 2020

Alberta lashes out at feds over Encana moveAlberta's Energy Minister lashed out at the federal Liberal government Thursday, blaming its policies for the decision by energy giant Encana Corporation to move its corporate headquarters to the United States and change its name to Ovintiv Inc.  The Calgary-based company said the move still requires shareholder, stock exchange and court approval but it is…

Report shows 19 pipeline incidents in 2018

Nation’s network of transmission pipelines grew to about 121,000 km last year, delivering more than 1.6 billion barrels of crude oil and 5.9 trillion cubic feet of natural gas

Report shows 19 pipeline incidents in 2018A report released on Wednesday by the Canadian Energy Pipeline Association says Canada’s vast network of transmission pipelines grew to approximately 121,000 km in 2018, delivering more than 1.6 billion barrels of crude oil and 5.9 trillion cubic feet of natural gas. And it says there were 19 incidents last year. “Canadians rely on pipelines…

Husky Energy lays off undisclosed amount of staff

Husky Energy lays off undisclosed amount of staffCalgary-based corporate giant Husky Energy confirmed Tuesday it has laid off an undisclosed number of people. "Today we did have to say goodbye to some of our colleagues. Husky has been taking steps to better align the organization and workforce with our capital plan and strategy," said the company in a statement. "These changes put…

Canadians opening more businesses today than in the past decade

44,700 Canadians started a business in 2018

Canadians opening more businesses today than in the past decadeCanada’s entrepreneurs are increasingly diverse and opening more businesses today than in the past decade, says new study released Tuesday by BDC (Business Development Bank of Canada). The report’s key findings include: Entrepreneurial activity has increased and the growth trend is expected to continue, with 24 per cent of Canadians surveyed interested in starting or…

WestJet launches innovative advertising/marketing campaign

Calgary-based airline WestJet has turned marketing and social media into an art form in recent years with its advertising campaigns that sometimes go viral. On Monday, the company launched its latest campaign focusing on its commitment of treating people like people. "We want the travelling public to know that as we become a global network…

PayPal launches loan program for small business owners

Quickly and easily access financing with the ability to customize loan amount and repayment timeline

PayPal launches loan program for small business ownersPayPal has launched the PayPal Business Loan, enabling small business owners to easily access loans between $5,000 and $100,000 at competitive prices. In a news release on Monday, the company said small business owners can quickly and easily access financing with the ability to customize loan amount and repayment timeline. "Applying for a traditional loan…

Caring hearts are key to leadership

Dan Gaynor of Gaynor Consulting Inc. talks about what makes a good leader

Caring hearts are key to leadershipDan Gaynor is president of Gaynor Consulting Inc. Tell me a little bit about your business and what you do? Gaynor: My work these days is all about helping organizations develop stronger, more satisfying teams through improved leadership. I focus on sharing the timeless and practical skills I believe have always set the best leaders…
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