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How the wildfire is dealing another blow to Canada's hard-hit oil sands

The wildfire raging through Fort McMurray has dealt a blow to its already hard-hit crude operations, with companies curtailing production or stopping it altogether.
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TransCanada secures final permits for proposed Coastal GasLink pipeline
TransCanada Corp. says it has secured the final permits needed to start construction and operation of its proposed Coastal GasLink pipeline.
Oil jumps as Canada fire, Libya violence unleash supply fears
A huge wildfire near Canada’s oil sands region and escalating tensions in Libya stoked concern among investors over a near-term supply shortage, driving crude prices up for the first time in a week on Thursday.


Manulife seeks new Asia deals to boost growth
Manulife, Canada’s biggest life insurer, said it would continue to look for new partners in Asia after strong sales in the region helped it increase its core earnings by 14 per cent in the first quarter.
National Bank to set aside $250-million for bad loans to energy sector
National Bank of Canada said that it will set aside $250-million to cover bad loans associated with the oil and gas sector, lowering its profit for the second quarter as banks continue to struggle with a depressed energy sector despite a rebound in the price of oil.
Telus to sell stake in outsourcing service unit; profit slips
Telus Corp , one of Canada’s three big telecom providers, said it would sell a 35 per cent stake in outsourcing service provider Telus International in a deal that values the unit at $1.2-billion.
Top Picks from Michael Simpson: K-Bro Linen, Transcontinental, Cinemark
Top Picks from Michael Simpson, senior vice president & portfolio manager, Sentry Investments.
Canadian TV broadcasters see revenue shrink; CBC hit by loss of NHL rights
Canada’s private-sector television broadcasters saw their industry’s revenue shrink by $46.6-million and pre-tax losses increase slightly between 2014 and 2015, according to an annual report by their federal regulator.
Adidas to exit the golf business, focus on shoes, clothing
German sportswear company Adidas aims to leave the golf business and focus on shoes and clothing, it said after the core Adidas brand reported strong quarterly sales, particularly in the United States.
Apple loses "iPhone" trademark on leather goods in China
Apple has lost a battle for the use of the "iPhone" trademark on leather goods in China, after a Beijing court ruled in favour of a local firm, Xintong Tiandi. The U.S. tech company said in a statement that it was disappointed with the ruling, and intends to request a retrial.
Top Picks from Greg Newman: Manulife Financial, Scotiabank, Brookfield Infrastructure Partners
Top Picks from Greg Newman, director, senior wealth advisor and portfolio manager, Newman Group, Scotia McLeod.
Wildfires ravage Fort McMurray: ‘The worst is not over’
Massive wildfires in For McMurray forced the evacuation of the city late Tuesday. Eighty-thousand people were sent fleeing north and south of the city and reports say whole neighbourhoods have been destroyed.

The wrath of the CRA: Penalties for late tax filing
With hours to go before Monday’s 2015 tax filing deadline a BNN online survey found one in five respondents have not yet filed.
BCE expands its footprint in the west
BCE is buying Manitoba Telecom Services in a deal with $3.9-billion. The transaction would pay MTS shareholders $40 per share, which is a 23 per cent premium to Friday's close.
Scotiabank to take restructuring charge as banks look to trim payrolls
Bank of Nova Scotia will take an after-tax charge of about $275-million when it reports its second-quarter financial results later this month, in a move that suggests the lender is moving quickly to slash payrolls.
Warren Buffett attracts thousands with long-term investment style
Warren Buffet hosted the Berkshire Hathaway Annual General Meeting on the weekend. He called the business model of Valeant “enormously flawed”, reiterated his love for Coke and said Berkshire will do well no matter who wins the White House in November.
Top Picks John O'Connell: Concordia Healthcare, Walt Disney Company, Apple
Top Picks from John O'Connell, chairman & CEO, Davis Rea.
Insurers brace for the worst as wildfire spreads through Fort McMurray
As wildfire continues to rage through Fort McMurray, insurance companies are readying for claims to hit, comparing the devastation to one of the country’s costliest natural disasters.
Pattie Lovett-Reid: Where there's a will there's a relative
ANALYSIS: The recent passing of Prince has raised an important component of a financial plan that most of us really don’t like to talk about – estate planning. CTV's Chief Financial Commentator, Pattie Lovett-Reid, explains the importance of having a will.
How the wildfire is dealing another blow to Canada's hard-hit oil sands
The wildfire raging through Fort McMurray has dealt a blow to its already hard-hit crude operations, with companies curtailing production or stopping it altogether.
Fort McMurray fire still advancing as residents flee
The fires continue to rage in Alberta with three more communities south of Fort McMurray being evacuated. There is a state of emergency in the province and corporate and private donors are sending aid to the area.

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