Scotiabank to cut 4-5 per cent of branches in the next two years By Matt Scuffham TORONTO, May 31 (Reuters) – On Tuesday, Scotiabank reported second-quarter results which were below market expectations and increased funds set aside to cover bad loans by 40 percent as lending to energy companies turned sour. Scotiabank, which has
Scotiabank misses estimates as energy loans turn sour Read More »
Ottawa set to make final decision on controversial proposal within 90 days VANCOUVER, British Columbia – A group of 90 climate scientists have written a letter to Canadian Prime Minister Justin Trudeau demanding that Ottawa not approve the $37 billion Pacific Northwest LNG project. Leading experts on climate change – including former NASA scientist James Hansen, and
Fort McMurray evacuees forced from homes in early May By Nia Williams CALGARY, Alberta, May 30 (Reuters) – Some 2,000 Fort McMurray evacuees will not be able to return home this week as planned because of the risks posed by debris and contaminants including “caustic” ash, Alberta Premier Rachel Notley said on Monday. The city of 90,000
Return of 2,000 Fort McMurray evacuees delayed by ash, debris Read More »
Canadian wind/solar generation will rise from 5.2% to 7% by 2020, growth remains flat from 2020 to 2040 Why all the fuss about renewable energy in Canada? A new report from the national regulator shows that Canada already gets over 80 per cent of its electricity from low-GHG emitting generation and that percentage will increase in
Canada already global renewable energy leader, little future for wind and solar Read More »
TSX fell 11.73 points to 14,093.5 TORONTO, May 30 (Reuters) – The TSX, Canada’s main stock index edged lower on Monday as oil seesawed and gold fell to a 3-1/2-month low, while financials firmed ahead of a potential increase in U.S. interest rates this summer. Suncor Energy Inc’s facilities north of Fort McMurray, Alberta, are
TSX dips as oil seesaws, gold hits 3-1/2-month low Read More »
TSX up .4 per cent TORONTO, May 27 (Reuters) – The TSX, Canada’s main stock index climbed on Friday, helped by strength in the financial services sector and energy companies, with investors focusing on monetary policy commentary from U.S. central bank chief Janet Yellen. Yellen said in a speech that the Federal Reserve should raise interest rates
TSX rises as financials rally; resource stocks dip with commodities Read More »
