Canada on Monday said it would create a bridge financing facility for large employers including in the airline and energy sectors that need help to get through the economic downturn caused by the coronavirus. The bridge lending facility will be for all companies, except those in the financial sector, with an annual revenue of about C$300 million ($215 million) seeking financing of about C$60 million or more that have "significant operations or workforce in Canada." "This support will not [Read more]
Air Canada Airlines
Canada’s economy in deepest recession on record, U-shaped recovery likely
The Canadian economy is likely in its deepest recession on record and will only recover modestly over the coming year as it takes a direct hit from the coronavirus outbreak and a collapse in oil prices, a Reuters poll of economists showed. After the economy contracted sharply last month and lost a record 1.01 million jobs, economists have slashed back their economic forecasts due to lockdown measures and reeling oil prices which hit a record low last week as global economic activity came to a [Read more]
Canada unveils major aid package to battle coronavirus outbreak, ready to do more
Canadian Prime Minister Justin Trudeau said on Wednesday his government would provide C$27 billion ($18.6 billion) in direct support to families and businesses struggling because of the coronavirus outbreak, and stood ready to do more. It was his biggest move yet to combat the economic impact of the fast-spreading virus, which has infected some 700 Canadians in all 10 provinces, killing nine. In an unprecedented move, Canada and the United States shut their vast common border on Wednesday to [Read more]
Canada mulling multi-billion dollar aid package for virus-hit industries
Canada is weighing a multi-billion dollar aid package for industries hit hardest by the coronavirus outbreak, such as the tourism, energy and hospitality sectors, a source directly familiar with the matter said on Friday. Such an aid package would help Canada's 10 provinces take their own action to provide relief for families, workers and employers, said the source, who requested anonymity given the sensitivity of the situation. Prime Minister Justin Trudeau on Wednesday said his Liberal [Read more]
TransCanada Reports Record Third Quarter Financial Results
Funding Complete for 2018 Capital Program CALGARY, Alberta, Nov. 01, 2018 (GLOBE NEWSWIRE) -- TransCanada Corporation (TSX, NYSE: TRP) (TransCanada or the Company) today announced net income attributable to common shares for third quarter 2018 of $928 million or $1.02 per share compared to net income of $612 million or $0.70 per share for the same period in 2017. Comparable earnings for third quarter 2018 were $902 million or $1.00 per share compared to $614 million or $0.70 per share for the [Read more]
TransCanada Reports Strong Second Quarter 2018 Financial Results
High Quality, Diversified Asset Portfolio Expected to Drive Record Performance in 2018 CALGARY, Alberta, Aug. 02, 2018 (GLOBE NEWSWIRE) -- TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) today announced net income attributable to common shares for second quarter 2018 of $785 million or $0.88 per share compared to net income of $881 million or $1.01 per share for the same period in 2017. Comparable earnings for second quarter 2018 were $768 million or $0.86 per share [Read more]
TransCanada Reports Strong First Quarter 2018 Financial Results
Diversified Portfolio of High Quality Assets Continues to Drive Record Performance CALGARY, Alberta, April 27, 2018 (GLOBE NEWSWIRE) -- TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) today announced net income attributable to common shares for first quarter 2018 of $734 million or $0.83 per share compared to net income of $643 million or $0.74 per share for the same period in 2017. Comparable earnings for first quarter 2018 were $870 million or $0.98 per share [Read more]
From airlines to telecom, oil price pain seeping into other sectors
CALGARY - From airlines to beer-makers to wireless providers, withering crude prices have been a drag on businesses seemingly far removed from the oilpatch."Sometimes — outside of Alberta, particularly — there's some skepticism or even some derision against the petroleum sector," said Todd Hirsch, chief economist at ATB Financial."Some people actually feel it's getting its comeuppance. ... But they need to realize that it has broader implications for the whole economy."WestJet Airlines [Read more]
Enbridge, Glencore Canada, Lend Lease, PepsiCo, and The Wonderful Company Among Companies Awarded for Excellence at the Sustainable Performance Forum Americas
CHICAGO, IL and PARIS, FRANCE--(Marketwired - Oct 20, 2015) - Enablon, the world's leading provider of sustainability management software, publicly announced the names of the 2015 Enablon Excellence Awards recipients during the Annual Sustainable Performance Forum Americas Awards Ceremony held at the Field Museum in Chicago on September 22nd. With more than 500 professionals from many of the world's leading companies, SPF is the largest EH&S, Sustainability and Risk Technology conference [Read more]
Shell publishes Energy Transition Strategy 2024
Shell publishes Energy Transition Strategy 2024 Shell will continue its drive to halve emissions from its operations (Scope 1 and 2) by 2030, compared with 2016 on a net basis. By the end of 2023, Shell had achieved more than 60% of this target. Shell also reduced the net carbon intensity of the energy products it sells by 6.3% compared with 2016, the third consecutive year it hit its target. To help drive the decarbonisation of the transport sector, Shell has set a new ambition to [Read more]
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