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Yahoo Finance Canada
Galen Weston calls Loblaw boycott 'misguided criticism', says grocer not responsible for higher prices
"Their frustration is understandable, but this kind of expectation betrays a misunderstanding of what's actually driving food prices higher in this country."
3 hours ago
Yahoo Finance Canada
Trans Mountain may be 'the last pipeline' for Canada: Cenovus CEO
The industry expects the bigger link between Alberta and export terminals on British Columbia's coast to boost prices.
a day ago
Yahoo Finance Canada
Loblaw changes tune on code of conduct with CEO 'cautiously optimistic' on deal
CEO Per Bank says recent efforts by Loblaw teams "working closely" with a government committee had given him a "new perspective" on the code.
a day ago
CBC
Frustrated shoppers boycott Loblaw stores for month of May
Canadians frustrated with rising groceries prices have pledged to boycott Loblaw-owned stores for the month of May. On the same day it was set to begin, Canada's largest grocer reported a nearly 10 per cent increase in profits.
18 hours ago
The Canadian Press
Trans Mountain pipeline expansion gets green light to open for May 1
CALGARY — The long-awaited Trans Mountain pipeline expansion is complete and the Canada Energy Regulator has given the go-ahead for the project to open. The regulator said Tuesday it has approved the last remaining "leave to open" applications submitted by Trans Mountain Corp., the Crown corporation behind the project. Approval of these applications was required before the expanded pipeline could begin shipping oil. Also on Tuesday, Trans Mountain confirmed that Wednesday, May 1 will mark the co
2 days ago
Reuters
Canadian Natural Resources considering major expansion of Horizon oil sands mine
(Reuters) -Canada's largest oil and gas producer Canadian Natural Resources is looking at opportunities to significantly increase bitumen output at its main oil sands mine, the company said on Thursday. President Scott Stauth said the company is considering a 195,000 barrel-per-day (bpd) expansion at its Horizon mining and upgrading plant in northern Alberta through new extraction and treatment processes. Previously the company said it could add 75,000 bpd of bitumen, but Stauth said Canadian Natural had been able to enhance engineering and scale up the processes.
10 hours ago
LA Times
Fast food operators rushing to use AI in the wake of minimum wage hikes
In the wake of the new $20 minimum wage for industry workers, quick-service restaurants in California are accelerating and expanding their use of technology.
a day ago
The Canadian Press
Canadian Natural Resources sees path to hike Horizon oilsands output by 76 per cent
CALGARY — Canadian Natural Resources Ltd. said it believes the output of its Horizon oilsands mine could be increased by 195,000 barrels per day of synthetic crude oil, a 76 per cent hike from the mine's current capacity of approximately 255,000 barrels per day. The company, which is Canada's largest oil and gas producer by market capitalization, said the potential increase is a "long-term" opportunity that would depend on a number of conditions including government support for carbon capture an
3 hours ago
Reuters Videos
EVs are getting smarter and cheaper in China
STORY: Light-up emojis. Music for pedestrians outside. In China, electric carmakers are offering up luxury tech – without the luxury price tag – in the battle for buyers. Cars are being loaded with once-expensive interior features and technology for as low as $20,000 – less than half the cost of the average new car in the U.S. Analysts say that poses a big challenge for foreign heavyweights like Tesla and Volkswagen. This is the Nammi – on display here at the Beijing auto show. It’s made by state-owned automaker Dongfeng and sells for under $10,000. That’s around the same as BYD’s Seagull EV – China’s fourth best-selling electric vehicle. The market is also crowded with electric and plug-in vehicles that splash luxury technology. Xpeng is planning to offer an EV with high-level self-driving features – for under $21,000. Analysts say the price of specialized components like sensors needed for self-driving and screens for onboard entertainment has tumbled. That's making competition in the world’s largest auto market all the more fierce… And chipping away at the halo that once hung over foreign brands. That’s according to an outlook from McKinsey analysts released in March. Take Zeekr, for instance. It's the carmaker with those emojis. Here’s its Shanghai head of design, Javier-Garcia Gallardo: “When we see the differences between our product launch in China versus our product launch in Europe and, you know, the technical details are as important as the design and the brand. And this integration of technology is essential for the Chinese customer.” Still, German automakers say they’re not backing down. Here’s Mercedes-Benz CEO Ola Kallenius: “We have a dedicated digital tech team here all the way down to providing things like in the new E-Class, you can sing karaoke. Maybe you don't have that feature in Germany. Maybe you should. But here, customers love it.” Mercedes, as well as Volkswagen, both told Reuters they’re working to deliver those so-called “wow effects” for Chinese buyers.
21 hours ago
The Canadian Press
Latest national emissions report shows signs of progress toward Canada's 2030 goal
OTTAWA — Canada's latest greenhouse-gas emissions report shows the country making progress toward meeting its next target in 2030, but there is still a very long way to go. The 2022 report published today shows that across the board, Canada added 708 million tonnes of greenhouse gases that year. That is 53 million tonnes lower than in 2005, or about one-sixth of what has to be cut to hit the 2030 goal. Oilsands production and road transportation are among the biggest contributors and have shown
3 hours ago
Bloomberg
Exxon to Conclude Takeover With Pioneer Founder Under a Cloud
(Bloomberg) -- The US Federal Trade Commission declined to challenge Exxon Mobil Corp.’s $60 billion purchase of Pioneer Natural Resources Co. on the condition that Pioneer co-founder Scott Sheffield be excluded from the supermajor’s board. Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineUS and Saudis Near Defense Pact Meant to Reshape Middle EastBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaTurkey Halts All Trade With Israel Over War in GazaHu
3 hours ago
Reuters
Canadian miner Hudbay sees BHP's bid for Anglo boosting copper assets
The CEO of Canadian miner Hudbay Minerals said BHP Group's $39 billion offer for Anglo American has increased the valuation of copper assets and could underscore companies' willingness to pay a premium to buy existing copper mines. Hudbay expects to launch a formal sale process for a minority stake in its Arizona Copper World project in the United States later this year after already holding talks with companies. BHP offered to buy Anglo last week, though Anglo rejected the proposal that would create the world's biggest copper miner, saying it undervalues the company.
57 minutes ago
Reuters
Canada's long-delayed Trans Mountain oil pipeline starts operations
(Reuters) -After 12 years and C$34 billion ($25 billion), Canada's Trans Mountain pipeline expansion project (TMX) began commercial operations on Wednesday, a major milestone expected to transform access to global markets for the country's producers. Pipeline constraints have forced Canadian oil producers to sell oil at a discount for many years, but TMX will nearly triple the flow of crude from landlocked Alberta to Canada's Pacific coast to 890,000 barrels per day (bpd). For Canada, the world's fourth-biggest oil producer, the additional pipeline capacity is set to boost crude prices, lift national gross domestic product and expand access to Asian oil markets.
a day ago
Yahoo Finance
Big Tech's AI spending spree comes with a catch
Big Tech aims to harvest new markets with these new spending sprees. But you'll have to trust the companies the investment is worth it.
5 hours ago
Reuters
UPDATE 3-Canada's Cenovus Energy beats profit estimate on production boost
Canadian oil and gas company Cenovus Energy beat first-quarter profit estimates on Wednesday due to higher production and refinery throughput, and executives said the start-up of the Trans Mountain pipeline expansion (TMX) would open up new markets. TMX will nearly triple the flow of oil to Canada's west coast to 890,000 barrels per day, which is expected to transform access to global markets for the country's producers. "Our teams have been working with buyers, there's a pretty vast market out there, which is exciting," Drew Zieglgansberger, chief commercial officer at Cenovus, said on an earnings call, adding the company expected some "bumpiness" in the pipeline's initial operations.
a day ago
KGTV - San Diego Scripps
Doctor on probation after being caught high on the job
The Medical Board of California has put Dr. Anna Michelle Bowling on probation for seven years for practicing medicine while under the influence.
2 days ago
Reuters
CNH Industrial cuts 2024 profit target as farm equipment demand slumps
CNH Industrial cut its annual profit forecast and warned of steeper declines in farming equipment sales on Thursday, as a global agriculture downturn squeezes demand for its tractors and combines. Dwindling farm incomes as crop prices moderate and higher borrowing costs are forcing a rethink on big-ticket purchases, setting up for a murky demand backdrop for heavy equipment makers. CNH projected an 11% to 15% drop in agriculture segment sales for the year, compared with its previous expectation of 8% to 12% decline.
7 hours ago
CNN Business
Why analysts are expecting a rough earnings report from Apple tonight
Even though Apple has silenced critics and beaten existential crises before, some fans of its minimalist products and investors in its maximalist stock are nervous.
4 hours ago
Reuters
UPDATE 3-Diamondback Energy beats first quarter profit estimates on higher production
Diamondback Energy beat first quarter profit estimates on Tuesday as the oil and gas firm benefited from higher oil production and better prices. Crude oil prices in the quarter mirrored the previous year as production cuts by OPEC+ countries offset lower demand, helping oil producers like Diamondback Energy. Quarterly oil production was at 24.8 millions of barrels (mmbls), up about 10% up from the previous year and prices for oil was up 2.7% at $75.06 per barrel for the same period.
2 days ago
Reuters
UPDATE 2-Chesapeake Energy misses quarterly profit estimates as natgas prices remain low
Natural gas producer Chesapeake Energy Corp missed Wall Street estimates for first-quarter profit on Tuesday as persistently low natural gas prices weighed down on the company's top-line results. Natural gas prices had dropped 20.4% in the first quarter compared with the year-ago quarter, as high inventory combined with lackluster demand resulted in producers such as Chesapeake curtailing gas production. Chesapeake Energy said that it expects total natural gas production for the second quarter between 2,620 million cubic feet of gas equivalent per day (mmcfepd) and 2,720 mmcfepd, which is below the 3,653 mmcfepd reported in the year-ago quarter.
2 days ago

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STOCKS SURGE AS RATE-HIKE FEARS FADE, WITH APPLE ON DECK

Mitsubishi Electric Subsidiaries Acquire French A/C Maker AIRCALO

Latest Stories

Galen Weston calls Loblaw boycott 'misguided criticism', says grocer not responsible for higher prices

Trans Mountain may be 'the last pipeline' for Canada: Cenovus CEO

Loblaw changes tune on code of conduct with CEO 'cautiously optimistic' on deal

Frustrated shoppers boycott Loblaw stores for month of May

Trans Mountain pipeline expansion gets green light to open for May 1

Canadian Natural Resources considering major expansion of Horizon oil sands mine

Fast food operators rushing to use AI in the wake of minimum wage hikes

Canadian Natural Resources sees path to hike Horizon oilsands output by 76 per cent

EVs are getting smarter and cheaper in China

Latest national emissions report shows signs of progress toward Canada's 2030 goal

Exxon to Conclude Takeover With Pioneer Founder Under a Cloud

Canadian miner Hudbay sees BHP's bid for Anglo boosting copper assets

Canada's long-delayed Trans Mountain oil pipeline starts operations

Big Tech's AI spending spree comes with a catch

UPDATE 3-Canada's Cenovus Energy beats profit estimate on production boost

Doctor on probation after being caught high on the job

CNH Industrial cuts 2024 profit target as farm equipment demand slumps

Why analysts are expecting a rough earnings report from Apple tonight

UPDATE 3-Diamondback Energy beats first quarter profit estimates on higher production

UPDATE 2-Chesapeake Energy misses quarterly profit estimates as natgas prices remain low