Western oil price rally unlikely to last after curtailments begin: expert panel

It's unlikely a dramatic improvement in western Canadian oil prices since Alberta announced forced production curtailments two weeks ago will continue after the cuts begin on Jan. 1, 2019, a panel of experts agreed Thursday.
The difference between Western Canadian Select bitumen-blend heavy oil and New York-traded West Texas Intermediate oil prices had widened to as much as $52 US a barrel in October before recovering to about $25.50 US on Dec.
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Canada's largest business group 'very much in favour of' carbon pricing

OTTAWA -- Canada's largest business group has endorsed a carbon tax as the most efficient way for the country to cut greenhouse gas emissions.
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Canada's relationship with Trump reaches a 'new level of frustration' over Huawei comments

Canada's relationship with Donald Trump has reached a "new level of frustration" after the U.S. president's comments this week on the arrest of Huawei's chief financial officer, says a senior source.
Canada recently detained the chief financial officer of the Chinese telecommunications firm Huawei, Meng Wanzhou, on an extradition request from the U.S.
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DavidsTea Inc. reports $9.1M loss in third quarter, sales up 1.5 per cent

DavidsTea Inc. reported a more than $9-million loss in its most recent quarter that was marked by wild share price swings, but the retailer's co-founder, who led a recent shareholder revolt, says he's confident in the tea purveyor's ability to turnaround its financial performance.
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Toronto market edges lower, U.S. stocks mixed; loonie slips lower

TORONTO -- Canada's main stock index crept lower in late-morning trading as strength in the consumer staples sector was more than offset by weakness in the health care group, which includes the big marijuana companies.
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37% of Vancouverites think real estate market is 'extremely corrupt': report

A new report paints a grim picture of how Metro Vancouverites perceive the region's real estate market.
The report by non-profit Transparency International Canada, based on an online survey of residents of B.C., Alberta and Saskatchewan in August 2018, describes Western Canadians' views and perceptions on corruption in Canada.
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Toronto market closes down despite rise in the price of crude oil

TORONTO -- Canada's main stock index closed lower despite a surge in the price of crude oil.
The S&P/TSX composite index lost 32.71 points to 14,750.35.
In New York, the Dow Jones industrial average was up 70.11 points at 24,597.38.
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Transat struggles amid rising Canadian competition for sun destinations

MONTREAL -- Transat A.T. endured a frigid earnings year despite refocusing its sun destinations and beachside resorts as rising jet fuel prices and currency fluctuations reduced the travel company's profits ahead of the ramp-up of competition from Canadian airlines.
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Apple to open $1B campus in Austin, Texas

Apple will build a $1 billion campus in Austin, Texas, break ground on smaller locations in Seattle, San Diego and Culver City, California, and over the next three years will expand in Pittsburgh, New York and Colorado.
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Critics sound alarm over proposed oil and gas exploration around Sable Island

HALIFAX -- A call for energy companies to bid for exploration rights around Nova Scotia's iconic Sable Island has prompted swift condemnation from a coalition of environmental, fishing and tourism groups.
Gretchen Fitzgerald with the Sierra Club Canada Foundation says oil and gas development would threaten the ecologically sensitive balance of rare birds, grey seals and wild horses on the crescent-shaped island, roughly 300 kilometres southeast of Halifax.
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'I wouldn't go': Chinese detentions prompt Canadian businesses to rethink travel plans

Escalating fears of retaliation after Canada detained a high-ranking Chinese business executive have prompted some Canadian business leaders to think twice before going to China on business.
The detention of Huawei CFO Meng Wanzhou in Vancouver on behalf of U.S. authorities earlier this month enraged Chinese authorities.
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Enbridge pipeline foes look past regulators after another loss in Minnesota

Opponents of Enbridge Energy's proposed Line 3 crude oil pipeline replacement are turning their attention to fighting the project on other fronts after a Minnesota regulatory panel took one of its final steps Thursday and reaffirmed its approval of the project.
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AltaGas slashes dividend, sells last stake in B.C. hydroelectric operation

AltaGas Ltd. is slashing its dividend by 56 per cent and selling its remaining majority stake in a B.C. hydroelectric power operation for $1.39 billion.
The Calgary-based company says it will now pay a monthly dividend of eight cents per share, down from 18.25 cents per share.
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