Canada’s oil industry back in black after three years of losses

But constrained pipeline capacity and limited capability to expand export markets jeopardize Canada's competitiveness

Canada’s oil industry back in black after three years of lossesSome good news on Thursday from the Conference Board of Canada on Canada's embattled oil industry. The organization said the industry is expected to return to profitability this year with pre-tax profits reaching $1.4 billion after three years of losses. But the conference board also warned that constrained pipeline capacity and limited capability to expand…

Alberta investors shun cannabis and cryptocurrencies

Only 43% of Albertans consider cannabis a good investment option, while only 17% believe the same for cryptocurrencies

Alberta investors shun cannabis and cryptocurrenciesThe majority of Albertans seem to be staying clear of investing in cannabis and cryptocurrencies, according to ATB Financial's Investor Beat survey. The survey, which was released on Thursday, says 43 per cent of Albertans consider cannabis a good investment option, while only 17 per cent believe the same for cryptocurrencies. ATB Financial says Albertans aged 18…

Forecast for Alberta export growth improving

EDC says there's room for even more growth, if Canadian businesses seize the opportunities that come with a growing global economy

Forecast for Alberta export growth improvingExport Development Canada is forecasting higher export growth for Alberta than originally anticipated for the next two years. In its latest semi-annual Global Export Forecast, the organization says the province can expect increases of seven per cent in 2018 and five per cent in 2019. “Two major oil sands projects are set to enter their…

Postmedia revenue declines nearly 11% in quarter

The publisher said it will continue to cut costs to address revenue declines in the legacy print business

Postmedia revenue declines nearly 11% in quarterCanadian newspaper chain Postmedia reported on Wednesday that its net loss for its fiscal second quarter was $1.3 million as its revenue declined. In reporting its financial results for the quarter ending Feb. 28, the company said the net loss was down compared to $28.5 million in the same period last year. “The change was primarily…