Cenovus Energy targets 30% decrease in emissions

Also plans $1.5 billion of additional spending with Indigenous businesses and reclaim 1,500 decommissioned well sites

Cenovus Energy targets 30% decrease in emissionsCenovus Energy announced Thursday it is aiming to reduce its emissions intensity by 30 per cent by 2030. It also plans to achieve a minimum of $1.5 billion of additional spending with Indigenous businesses, reclaim 1,500 decommissioned well sites and complete $40 million of caribou habitat restoration work. “Our environmental practices, low-emissions oil sands operations…

Clean technology investment will increase, says RBC

As climate concerns mount, Canada’s challenge will be to better sell ourselves as a responsible, cleaner energy producer, says the report

Clean technology investment will increase, says RBCCanada will remain a major producer and supplier of energy to the rest of the world and that role will increase as new oil pipelines are built and LNG export capacity comes on stream, says a new report by RBC Economics. "We expect Canadian oil sands producers, already large investors in clean technology, to continue…

Canada cuts merchandise trade deficit by $500 million

Both export and import products declined and the trend was linked to disruptions in Canadian rail transportation

Canada cuts merchandise trade deficit by $500 millionCanada's world merchandise trade deficit narrowed from $1.6 billion in October to $1.1 billion in November, Statistics Canada reported Tuesday. Merchandise exports declined 1.4 per cent in November to $48.7 billion, while imports were down 2.4 per cent to $49.8 billion. "Widespread declines across export and import products coincided with disruptions in Canadian rail transportation,"…

Energy production in Canada declining, says StatsCan

Alberta produced 18.3 million cubic metres of crude oil and equivalent products in October, down 4.9 per cent

Energy production in Canada declining, says StatsCanEnergy production in Canada declined in several sectors in October 2019, compared with the same month in 2018, according to Statistics Canada. The federal agency said production of crude oil and equivalent products (-1.7 per cent), natural gas (-1.3 per cent), and coal (-9.3 per cent), as well as electricity generation (-3.3 per cent) declined…

Debt-burdened Canadians want to dig themselves out

Top financial concerns are the rising cost of goods, the low Canadian dollar , low wages and household debt, according to CIBC survey

Debt-burdened Canadians want to dig themselves outCanadians have had their fill of debt. For the 10th straight year, Canadians have told a CIBC poll that getting out of debt is their top financial priority. Numerous surveys and statistics over the past year have demonstrated how far into personal debt many Canadians have fallen. Now, those economic concerns are weighing on their…

Canadian household net worth, debt on the rise, StatsCan says

Household debt service ratio rose from 14.82 per cent to 14.9 per cent – an all-time high, statistics from the federal agency indicate

Canadian household net worth, debt on the rise, StatsCan saysCanadian households have more net worth but also a troubling level of household debt, data from Statistics Canada indicates. Net worth rose by $101.4 billion to $11.5 trillion in the third quarter of this year, primarily as a result of a $138-billion hike in the value of total assets. But at the same time the…

Canada’s trade deficit narrows with rise in energy exports

Canada's trade deficit narrows with rise in energy exports

Canada’s trade deficit narrows with rise in energy exportsCanada’s merchandise trade deficit with the world narrowed slightly in from $1.2 billion in September to $1.1 billion in October, says Statistics Canada. The federal agency reported Thursday that exports rose 0.8 per cent in October while imports increased 0.5 per cent, mainly on higher imports of energy products. “Exports of energy products (+3.4 per…

Canadian economy grows at 1.3% annual rate in Q3

Third quarter growth was led by higher business investment and increased household spending, boosting final domestic demand

Canadian economy grows at 1.3% annual rate in Q3Real gross domestic product (GDP) in Canada grew 0.3 per cent in the third quarter of this year, following a 0.9 per cent increase in the second quarter, according to Statistics Canada.  The federal agency reported Friday that, expressed at an annualized rate, GDP advanced 1.3 per cent in Q3. GDP in the United States…

Digital shift not offsetting newspapers’ print decline

Digital advertising sales reached $295.6 million in 2018, a 20.8 per cent increase from 2016, yet print ad sales declined by a much larger amount

Digital shift not offsetting newspapers’ print declineGrowth in digital ads for newspapers has not been fast enough to offset the decline in print advertising, according to data released Friday by Statistics Canada. The federal agency reported that digital advertising sales reached $295.6 million in 2018, a 20.8 per cent increase from 2016. Print advertising sales totalled $1.2 billion, down from $1.6…