Enbridge Pipeline Delayed a Year in Hit to Canadian Oil Industry
Enbridge Pipeline Delayed a Year in Hit to Canadian Oil Industry
In a major blow to the Canadian oil industry, Enbridge Inc. now expects the replacement and expansion of its Line 3 crude oil pipeline to be in service about a year later than expected.
Bloomberg
Bloomberg
Canada Oil Industry Takes Fresh Hit With Key Pipeline Delay
Canada 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.
Bloomberg
Bloomberg
TSX starts March on a down note as energy sector hit by Enbridge pipeline delay
TSX starts March on a down note as energy sector hit by Enbridge pipeline delay
TORONTO — Canada's main stock index started the month by losing some ground after a sizzling start to the year.
The Canadian Press
The Canadian Press
Global stocks lose ground, Canadian dollar weakens
NEW YORK (Reuters) - A gauge of global stocks lost ground for a third straight session on Wednesday, unable to build momentum from a jump in Chinese equities, while the Canadian dollar weakened after a dovish turn by the Bank of Canada.
Reuters
Reuters
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Pengrowth launches review after debt refinancing fails amid plunging oil prices
CALGARY — Pengrowth Energy Corp. has launched a strategic review of options that could include the sale of the company after failing to renegotiate its high debt load amid plunging western Canadian oil prices late last year.
The Canadian Press
The Canadian Press
U.S. Stocks Drop to Three-Week Low on Growth Woes: Markets Wrap
All you need to know about what’s moving markets today.
Bloomberg
Bloomberg