Mar
12

Enbridge expects stable gas prices

TORONTO (CP) — Enbridge Inc., which operates Canada’s largest oil pipeline and the largest natural gas utility in Ontario, expects stable gas prices this year but wants to charge more for distributing gas. Enbridge CEO Patrick Daniel said Friday that natural gas prices…

Mar
12

Gas bills set to rise again

CALGARY (CP) — Homeowners in Ontario and Alberta will be seeing higher gas bills thanks to rate increases approved by provincial regulators Friday — a trend occurring throughout Canada as consumers pay for the cold winter and low storage supplies. The Ontario Energy…

Mar
12

Aviation shares face turbulence

TORONTO (CP) — A massive restructuring at American Airlines, a bankruptcy filing by US Airways and a poor forecast for North American airline traffic this fall are taking their toll on several aviation companies and airlines in Canada. Shares in airline product and…

Mar
12

Reprieve for Wheat Pool

REGINA (CP) — Bondholders gave the go-ahead to the Saskatchewan Wheat Pool’s modified restructuring plan Tuesday, securing the immediate future of Canada’s second-largest grain-handling company. The development means the Pool — Saskatchewan’s largest single corporate employer — can stay in business and avoid…

Mar
12

TransCanada joins nuclear field

CALGARY (CP) — Canada’s largest natural gas shipper, TransCanada PipeLines Ltd., made a major move into nuclear power Monday, expanding the electricity business it has grown in recent years by buying and building gas-fired power plants across North America. In a high-profile move,…

Mar
12

Entrepreneur recycles hotel soap

The little bars of soap left behind by guests at the Red Deer Lodge will be turned into laundry detergent. Entrepreneur Bob Larson estimates Red Deer hotels use 18,000 kilograms of soap bars a year. Most are thrown away after a couple of…

Mar
12

Wheat ruling against Canada

OTTAWA (CP) — A grim summer for western farmers got worse Friday when Canada lost a major trade ruling on wheat exports to the United States. The U.S. Commerce Department ruled that Canadian durum wheat and hard red spring wheat shipments are subsidized…

Mar
12

Royal Bank receives settlement for soured Enron transaction

TORONTO (CP) — Royal Bank says it will receive $195 million US plus interest in a settlement agreement related to a soured transaction with Enron Corp., the bankrupt Houston energy company at the centre of a major accounting scandal. The settlement also involves…

Mar
12

Higher interest rates on the way

OTTAWA (CP) — The Bank of Canada raised interest rates Tuesday and warned of still higher rates to come. As it lifted its key overnight rate by a quarter-point to 2.50 per cent, the central bank said strong economic growth means it will…

Mar
12

Air Canada ‘author of its own misfortune’

OTTAWA — Air Canada has largely been the author of its own misfortune, clinging to a flawed business plan that relies largely on slashing labour costs instead of truly restructuring, angry MPs said Thursday. That suggests the insolvent carrier’s decision Tuesday to file…

Mar
12

New CEO for Shell

CALGARY (CP) — Shell Canada chief executive Tim Faithfull is retiring in July, to be replaced by Linda Cook, the first female to head a major integrated oil company in Canada. Until the 1980s women were barred from membership in the Petroleum Club,…

Mar
12

Oilsands execs call for Kyoto compromise

EDMONTON (CP) — A Canadian compromise on greenhouse gas reductions is needed to save some oilsands projects, oil company executives told a conference Thursday. ‘‘There are enough cooks in the kitchen that I’m sure we’ll find a solution,’’ said Mike Ashar, Suncor Energy’s…

Mar
12

Computer recycling program starts in Rimbey

More computers than paper are expected to be dropped off today at the Rimbey Paper Recycling Depot. The town is the first in Alberta to hold a municipal “e-waste” round-up of old computers, televisions, and other electronics. Free drop-offs are being encouraged at…

Mar
12

Bigger’ trend boosts house prices

A national trend towards bigger and better houses is boosting average home prices in Red Deer. A Century 21 Canada National Housing Market Outlook based on national Multiple Listing Service statistics shows average house prices in 21 communities across Canada have climbed 16…

Mar
12

Mutual fund fees high, but performance low

TORONTO (CP) — Canadian mutual fund investors have been paying steadily rising fees while receiving steadily dwindling satisfaction, according to a pointed analysis by Morningstar Canada. Seventy-eight per cent of the funds surveyed by the performance-tracking company raised their management expense ratios between…

Mar
12

Cancer vaccine study to go on

EDMONTON (CP) — Biotech company Biomira will press ahead with research into cancer vaccines, the company’s chief executive told shareholders Thursday despite disappointing results in a trial of Theratope for women with metastatic breast cancer. ‘‘No question Biomira has suffered a body blow.…

Mar
12

Rumours fuel rush at gas pumps

Rumours of a gas price hike fueled a rush to fill up at local service stations Friday. Long lineups were reported at a number of stations around Red Deer and Real Canadian Superstore faced long lineups throughout the day. Stations held steady at…

Mar
12

Meeting on private land oil, gas wells

Growing resistance to having oil wells or gas lines on private property has prompted a public meeting in Rocky Mountain House. What happens when property owners object to resource activities on their land is the focus of a grassroots information session Monday at…

Mar
12

Computer recycling jobs for Rimbey

A computer and telecommunications recycling facility in Rimbey is expected to create at least 100 jobs within the next two years. Maxus Technology Inc. of Calgary will open the facility in the old parks and recreation building in August or September. Clayton Miller,…

Mar
2

Cameras considered for school buses

Mounting cameras on school buses to catch illegally passing motorists that endanger students could be a last resort for the Wolf Creek School Division. Motorists are supposed to know it’s against the law to pass a stopped school bus, while its red lights…