Troubled Postmedia reports $3-million quarterly loss

Print advertising continued to slide, but the company pointed to an increase in digital revenue of $2.8 million or 8.7 per cent in the quarter as a hopeful sign

Troubled Postmedia reports $3-million quarterly lossPostmedia, the owner of major daily newspapers across Canada, reported Thursday a net loss in the fiscal quarter ended November 30, 2019, of $3 million. A year before, the loss was $1.4 million. The company stated in a news release that revenue for the quarter was $156.7 million compared to $171.3 million last year, representing…

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…

Alberta a magnet again for interprovincial migration

Alberta has regained its status as a magnet for Canadians moving from other parts of the country, albeit at lower levels than in previous years

Alberta a magnet again for interprovincial migrationA sign of a good economy is when people want to move from other parts of the country to get in on the action. For years when Alberta was firing on all cylinders it was a magnet for people living in other provinces who wanted to follow the yellow brick road to success that Alberta's…

Real estate could rebound in 2020, Zoocasa predicts

The online-based firm predicts 2020 sales of 52,300 to 56,900 units and average prices of $379,700 to $383,400 across the province

Real estate could rebound in 2020, Zoocasa predictsReal estate in Alberta is set to begin a turnaround this year, in the view of one major real estate firm. Zoocasa, a full-service real estate brokerage that offers advanced online search tools, predicts 2020 sales will hit between 52,300 to 56,900 units (+4.1  to  4.2 per cent), while prices will inch up to the…

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…

Alberta’s small business confidence lowest in Canada

The CFIB barometer in the province dropped by 6.4 points to 38.3, the lowest in the country in December

Alberta’s small business confidence lowest in CanadaIt has been a tough year for small business owners in Alberta and that was evident again on Friday with the release of the Business Barometer measure by the Canadian Federation of Independent Business. In December, the barometer in the province dropped by 6.4 points to 38.3. That is the lowest in the country, which…