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Alberta regulator forces Nexen Energy to shut down 95 pipelines

Provincial authorities in Alberta are not convinced Nexen Energy can operate safety in the oil sands. Until that changes, the company's flagship production facility could effectively remain offline.
Latest News
North American stocks fall amid rate hike chatter
North American stocks opened in the red Monday after weekend comments from U.S. Federal Reserve vice chairman Stanley Fischer appeared to keep the door open for a rate hike in September.
BitGold app lets you buy gold as a savings alternative
The co-founder of BitGold says he created the app that links buyers to bullion dealers and storage companies because he wanted to make it easier for people to own gold as a hedge against inflation and as a store of value.
Canadian Transportation Agency to respond to stranded SkyGreece passengers
Passengers who were stranded by the demise of SkyGreece Airlines may get some idea today about how quickly a federal agency will deal with a complaint on their behalf.
Avid Life Media calls Ashley Madison reports 'greatly exaggerated'
Ashley Madison’s parent company says the adultery website is still signing up new users by the thousands, despite the fallout from a massive data breach.
Presales lead Toronto condo boom in first half of year
Toronto’s condo sector is shaping up to have one of its strongest years on record, dispelling fears that Canada’s largest housing market is ripe for a correction.
Pattie Lovett-Reid: How to recession-proof yourself
So did Canada fall into a recession in the second quarter of this year? That question has been the source of heated discussion in recent weeks. On Tuesday, we’ll know for sure when Statistics Canada reveals gross domestic product for Q2.
Economists cut Canada’s growth forecasts ahead of official word on recession
Economists are shaving their growth forecasts for 2015 ahead of a Statistics Canada report this week that is widely expected to confirm that Canada slipped into recession earlier this year.
Top Picks from John O’Connell: Royal Bank, McDonald’s and Facebook
Top Picks from John O’Connell, chairman and CEO, Davis Rea.
Buy small cap stocks to avoid global chaos: Barclays
It pays to stay small according to Venu Krishna, the deputy head of U.S. equity research at Barclays.
Here are Canada's best-selling luxury cars this year
Which luxury cars are still selling well? These are the best-selling premium brand cars in Canada through the first seven months of 2015. And guess what? The usual best-seller, the BMW 3 Series is not currently topping the list.
Presales lead Toronto condo boom in first half of year
Toronto’s condo sector is shaping up to have one of its strongest years on record, dispelling fears that Canada’s largest housing market is ripe for a correction.
Real Estate Watch: Getting rid of nightmare tenants
A landlord advocate says Toronto homeowners are facing a growing problem: Fake tenants who convert rented homes into illegal rooming houses.
Home prices to rise despite economic slowdown: Poll
Canadian home prices are set to rise a little over 5 percent this year and 2 percent in 2016 despite a slowdown in activity as the economy weakens, a Reuters poll found.
Housing market ‘collateral damage’ for BoC amid rate conundrum
Canada's housing market could be a sacrificial lamb for the Bank of Canada as it tries to bolster a flagging domestic economy, according to Bank of America Merrill Lynch economist Emanuella Enenajor.
Cadillac Fairview sells 30% of TD Centre to Ontario Pension Board
Cadillac Fairview said it has agreed to sell a 30 percent stake in the Toronto-Dominion Centre office complex to the Ontario Pension Board, the companies said in a statement.
Real Estate Watch: RBC downplays chance of housing market crash
RBC Economics is shrugging off the prospects of a crash in the Canadian housing market even as some market watchers warn overvalued home prices could spell disaster for homeowners.
Economists caution against Harper’s focus on rising home-ownership rate
Stephen Harper is putting a new focus on Canada’s rising home-ownership rate, but some economists warn that pushing to drive it higher is a “wrong-headed” approach in an overheated market.
Analysts concerned by Canada's housing drop despite high listings
Canada’s housing market took a breather in July, as sales slipped from June and listings rose slightly across the country.
Tories attempt to woo first time home buyers
Canada’s household finances seem to have caught the attention of the major parties running in the upcoming Federal election.

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