Edition:
United States

Rod Nickel

Husky scraps bid for oil rival MEG Energy, citing Alberta output cuts

Jan 17 2019

Canadian oil producer Husky Energy shocked investors on Thursday when it abandoned its hostile bid for MEG Energy , saying it could not win sufficient MEG shareholder support after Alberta's government ordered production cuts to reduce a crude glut.

Husky Energy to receive majority support in MEG takeover bid -sources

Jan 16 2019

Jan 16 Husky Energy Inc expects to secure over 50 percent support from MEG Energy shareholders for Husky's unsolicited offer to take over the rival oil producer by Wednesday's deadline, people familiar with the situation told Reuters.

Canada's oil cuts offer lifeline to producers but create new problems

Jan 16 2019

WINNIPEG, Manitoba The Canadian province of Alberta's OPEC-style decision to force production cuts is benefiting oil companies with higher prices, but it is also pushing capital elsewhere and threatens to undermine booming crude-by-rail shipments.

Pacific trade deal spurs Canadian farm sales to Japan as U.S. watches

Jan 10 2019

WINNIPEG, Manitoba At the Canadian embassy in Tokyo last month, beef promoters flew in a chef from Canada to cook New York strip steaks for hungry Japanese importers and restaurant suppliers.

RPT-Political stumbles, savvy activists knock Canada's oil sector to its knees

Dec 24 2018

* Canada nationalizes pipeline, Alberta intervenes to move crude

RPT-Political stumbles, savvy activists knock Canada's oil sector to its knees

Dec 21 2018

* Canada nationalizes pipeline, Alberta intervenes to move crude

Political stumbles, savvy activists knock Canada's oil sector to its knees

Dec 21 2018

WINNIPEG, Manitoba/VANCOUVER A decade ago, Canada's oil sector was growing so fast it was predicted to become a global energy superpower, but a series of political missteps and formidable environmental activism has created a dysfunctional system requiring OPEC-style government intervention to move its oil to market.

Canada gives struggling oil sector C$1.6 billion boost

Dec 19 2018

WINNIPEG, Manitoba The Canadian government said on Tuesday that it would spend C$1.6 billion ($1.19 billion), mostly through loans, to assist the country's oil and gas industry, which has struggled to move energy to U.S. markets due to full pipelines.

Canadian grain handler Richardson to buy Conagra's Wesson cooking oil

Dec 18 2018

WINNIPEG, Manitoba Canada's biggest grain handler, Richardson International Ltd, said on Tuesday that it had agreed to buy Wesson, a retail brand of canola and vegetable oils, from Conagra Brands Inc .

World News

U.S., North Korea to hold talks on second Trump-Kim summit

North Korea's lead negotiator in nuclear diplomacy with the United States is expected to hold talks with Secretary of State Mike Pompeo and could also meet President Donald Trump on Friday during a visit aimed at clearing the way for a second U.S.-North Korea summit.