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Latest Headlines
money CALGARY _ Calgary-based Opti Canada Inc. (TSX:OPC) says it had a $212-million loss in the final quarter of 2009, which actually saw big improvements from a year earlier.

The oilsands producer says the fourth-quarter loss amounted to 75 cents per share.

That's a reduction from the year-earlier loss of $410 million or $2.09 per share in the fourth quarter of 2008.

Opti Canada's...

global CALGARY _ Calgary-based Opti Canada Inc. (TSX:OPC) says it had a $212-million loss in the final quarter of 2009, which actually saw big improvements from a year earlier.The oilsands producer says the fourth-quarter loss amounted to 75 cents per share.That's a reduction from the year-earlier loss of $410 million or $2.09 per share in the fourth quarter of 2008.Opti Canada's ...
global SINGAPORE _ Oil prices rose above US$72 a barrel Tuesday in Asia as a weakening U.S. dollar offset concerns about the strength of the global economic recovery.Benchmark crude for March delivery was up 38 cents at $72.27 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract gained 70 cents to settle at $71.89 on Monday.Trad ...
money VANCOUVER _ Pacific Northern Gas Ltd. (TSX:PNG) increased its quarterly dividend on Monday as it reported improved quarterly profits compared with a year ago.The company said it would pay a quarterly dividend to 28 cents, up from 25 cents.The increased dividend came as Pacific Northern said it earned $3.4 million or 93 cents per share for the quarter ended Dec. 31 on $31.2 million ...
politics EDMONTON _ Alberta's Conservative government will attempt to bail the province out of a record deficit Tuesday with a new tight-fisted budget.But with the most volatile revenue flow in all of Canada, Alberta could end up being swamped by a drop in energy prices or an expected boost in the dollar."Absolutely," conceded Finance Minister Ted Morton on Monday as he posed with the budge ...
money CALGARY _ A partnership representing Saskatchewan's three main fertilizer producers has agreed to sell 350,000 tonnes of potash to a Chinese buyer at what it described only as "competitive" spot prices.The announcement Monday comes about a month after Vancouver-based Canpotex Ltd. and its Chinese counterpart appeared to be at an impasse over an agreement on 2010 potash prices.Canpo ...
pollution QUEBEC CITY, Que. _ H2O Innovation Inc. (TSXV:HEO), a Quebec-based water pollution equipment company, announces the definitive cancellation of a contract it had received in October 2008 from Petro-Canada Oil Sands Inc. for the Fort Hills Energy L.P. oilsands project.The contract, worth about $9.4 million, had previously been deferred in November 2008.Petro-Canada was taken over by ...
politics CALGARY _ Energy and economic recovery topped the agenda when Prime Minister Stephen Harper met with Calgary business leaders Monday ahead of the federal budget.Harper projected optimism in a short statement he made for reporters before closing the doors on the meeting."We had some good news last week on the jobs front. We had a little bit of good news on the Buy America front. Com ...
pollution QUEBEC _ H2O Innovation Inc. (TSXV:HEO), a Quebec-based pollution equipment company, announces the definitive cancellation of a contract it had received in October 2008 from Petro-Canada Oil Sands Inc. for the Fort Hills Energy L.P. oilsands project. The contract had previously been deferred in November 2008. Petro-Canada was taken over by Suncor Energy (TSX:SU) last summer, creating Canada's larg ...
global TORONTO _ The Toronto stock market closed lower with buying sentiment held in check by worries about the global economic recovery and sovereign debt issues in Europe.The S&P/TSX composite index lost 107.82 points to 11,115.3, led by falling financial and commodity stocks.The drop was the latest leg in a decline that started last month amid concern about China curbing lending....