Shopify Rally Continues After Sales, Outlook Beat Estimates
Shopify Inc. shares continued their rally Aug. 1 after the Canadian e-commerce company reported second-quarter sales that beat analysts’ average estimate and gave a more optimistic full-year outlook.
Canadian Oil Firms Offer to Ship by Rail if Output Limits Ease
Canada’s oil-sands producers are offering to commit to shipping a certain amount of their crude by rail in return for the Alberta government raising its production limits.
Purolator to Spend $759 Million for Faster Deliveries in Canada
Courier company Purolator Inc. will invest more than C$1 billion over the next five years to build a shipping hub in Toronto, upgrade its fleet and enhance its retail network in Canada to reach more customers.
Canada Announces Final ELD Mandate to Take Effect in 2021
The Canadian federal government has unveiled its long-awaited electronic logging device mandate, which will take effect in two years.
CN Rail Open to Moving Alberta’s Oil-Shipping Deals to Drillers
Canadian National Railway Co. is open to transferring the crude-by-rail contracts that it signed with Alberta to private companies or to striking other arrangements that put its spare shipping capacity to use, CEO Jean-Jacques Ruest said.
May 9, 2019Canada Won’t Ratify USMCA Trade Deal if Metals Tariffs Are in Place
Canada is ratcheting up pressure on the U.S. to lift tariffs on steel and aluminum — threatening to hold up the new continental trade deal and change up its own retaliatory tariffs to have a bigger impact.
Canadian Oil Rally May Falter Amid Pipeline Delay, Deloitte Says
The stubborn, sharp rise in Canadian heavy crude prices finally may falter later this year, when swelling output overwhelms a pipeline system that will be lacking a key project producers had counted on, according to Deloitte.
April 3, 2019Fiat Cuts 1,500 Jobs as Canada Plant Reduces Minivan Output
Fiat Chrysler Automobiles NV is cutting about 1,500 jobs at a factory in Canada that’s scaling back production due to slowing minivan sales.
Canada Factories Halt Slide With Strongest Gain in Seven Months
Canadian manufacturers began 2019 with their strongest sales gain in seven months, bringing an end to a string of bad reports.
Canadian Oil Industry Takes Fresh Hit With Key Pipeline Delay
Canada’s already beaten-down oil industry is facing a fresh setback as regulatory issues bog down another key pipeline project.
March 4, 2019