Canada

India yet to sing deal for Canadian oilfields

India yet to sing deal for Canadian oilfieldsIndia, which is the fourth largest importer of oil in the world, has lagged behind other players in concluding deals with the Canadian authorities for exploiting the country's giant oilsands, according to Canadian Energy Minister Joe Oliver.

Mr. Oliver said that the Indian oil companies might start striking deals with Canada in the coming five years. Canada Needs an estimated investment of $650 billion during the coming decade and it believes that most of the investment will come from other countries. Mr. Oliver is scheduled to visit Delhi and Mumbai in the coming days.

Baytex Energy to acquire oil sands leases for $120 million

Baytex Energy to acquire oil sands leases for $120 millionOil producer, Baytex Energy Corp is expected to acquire oil sands leases in the Cold Lake area of northeast Alberta under a deal worth $120 million.

The company is acquiring the project form an unnamed seller but many believe that the sellers is Koch Oil Sands Operating ULC. The company has agreed to acquire about 46 sections on the project that has an approved thermal project.

Canada's energy industry marred with cyber attacks

Canada's energy industry marred with cyber attacksSeveral major players in Canada's energy industry have been hit by a cyber attack and the authorities have been planning to take actions to address the situation.

Public Safety Canada, a federal agency responsible for monitoring cyber threats and co-ordinating the country’s response, has acknowledged that it is aware of the attack and is taking steps to address the issue. The Canadian Cyber Incident Response Centre (CCIRC) is aware of the situation is already working government and private sector players to take appropriate action.

Canada reports 1.1% population growth

Canada reports 1.1% population growthAccording to the latest figures released, Canada's population grew at the rate of 1.1 percent during the year till 30 June, 2012.

With the growth rate of 1.1 per cent, the country has the fastest growth population among all of the G8 countries. The main reason for the growth in the population numbers is due to immigration into the country from various parts of the world.

TTC to increase passenger fares

Toronto-Transit-CommissionThe Toronto Transit Commission (TTC) is planning to increase passenger fares in the city in order to cover all the expenses.

The chairman of the TTC, Karen Stintz said that commission is considering hiking the fare as the subsidy it receives from the administration will remain flat in the year, which will not be enough to cover for rising ridership and all the additional costs.

Housing sales fall in Canada in August

Housing sales fall in Canada in AugustAccording to the latest figures, the sales of houses has fallen in Canada in the month of August and many believe that it is due to the impact of the changes in mortgage insurance rules made by the government.

The latest data released by the Canadian Real Estate Association (CREA) shows that the sales have fallen during the summer months and the association has cut its forecast for both sales and prices of housing units in the country.

Astral Media deal important to compete in digital market, says Bell

Astral Media deal important to compete in digital market, says BellCanadian firm, Bell has argued that it needs the acquisition of TV and radio station company Astral Media in order to be in a better position to take on bigger rivals including Netflix.

The Chief executive Officer (CEO) of the company, George Cope claimed that if the $3.4-billion deal is now approved then the assets of Astral will be split up and it will result in continued dominance of foreign players in the Canadian market.

Competition Bureau sues Canada’s three largest telecom carriers

Competition Bureau sues Canada’s three largest telecom carriersCanada's Competition Bureau has filed law suit against the three leading telecom service providers in the country claiming that they helped third party companies to dupe customers into paying hefty fines and also earned a share of the revenue.

The Competition Bureau filed three separate lawsuits against Rogers Communications Inc., BCE Inc. and Telus Corp for playing a role in misleading customers. The company is claiming $10 million each from the three firms.

Nova Scotia Power plants to remain fueled

Nova Scotia Power plants to remain fueledThe coal-fire plants in the state of Nova Scotia managed by Nova Scotia Power Inc. will continue to receive fuel under a new deal that will allow the company to continue burning coal for a longer period of time.

The new deal ensures that state will be able to meet its target for greenhouse gas emission reductions while power plants will continue to have fuel to generate power. A draft agreement between the federal government and Nova Scotia government will allow the state to avoid rules that would force closure of power plants.

Nordstrom to open a store in Vancouver’s Pacific Centre Mall

Nordstrom to open a store in Vancouver’s Pacific Centre MallNordstrom, a US based retail giant, has said that it is planning to open its flagship Canadian store in the Pacific Centre Mall in Vancouver in 2015.

Nordstrom said that the 230,000-square-foot downtown store will offer a range of merchandise to the customers. The company also said that it will open smaller sized stores in Calgary, Ottawa and Toronto starting the beginning of 2014.

Canada agrees to sell nuclear reactors to India

Canada agrees to sell nuclear reactors to IndiaAfter opposing the Indian nuclear programs for decades, Canada has finally agreed to support India in the nuclear sector.

Canadian Foreign Minister John Baird, who is in New Delhi for talks with his Indian counterpart SM Krishna, has said that Canada is now ready to sell nuclear reactors to India.

Mr. Braid said India is today a totally different country, and Canada values India's investments in natural energy resources.

Speaking on the topic, Mr. Braid said, "We have turned the page with India. India is a very different country today."

Dollarama might open 70 new stores this year

Dollarama might open 70 new stores this yearDollarama Inc has expanded its expansion efforts and might increase the total number of new stores to 70 this year.

Montreal-based Dollarama has speeded up its expansion efforts in order to take the advantage of a mall construction boom in Canada. The company has said that it is expecting to open 65 to 70 stores in the country in the financial year till 31 January 2013, compared to an earlier prediction of 55 to 60 stores. The company had opened a total of 52 net new locations in the previous year.

Vancouver to expand its recycling program

Vancouver to expand its recycling programAuthorities in the City of Vancouver are expanding recycling program that will now allow the residents to throw their food scraps in the green bin.

Vancouver Mayor Gregor Robertson announced the expansion of the project on Tuesday while demonstrating how to scrape all food. The residents will now be able to dispose their food wastes including meat, fat, bones, dairy, uncooked fruit and vegetables, tea, coffee and eggshells in their green bins from plates into the green bin.

Bell to launch content streaming service in Canada

Bell to launch content streaming service in CanadaMedia conglomerate, Bell has said that it will launch a new content streaming service that will be available on a host of devices for customers in Canada.

The Chief executive Officer (CEO) of the company, George Cope said that the new services will be rolled out for any device and will be available on demand. The service will stream content form Bell Media, Astral Media and several other sources.

RCF mulls billion-$ investment in Canada

RCF mulls billion-$ investment in CanadaState-owned urea producer Rashtriya Chemicals & Fertilisers (RCF) has confirmed its keen interest in making a billion-dollar investment in the potash mines of Canada to secure its raw material requirements.

Confirming the company's interest, RCF chairman & managing director

R G Rajan said, "We are keen to pick up potassium assets in Canada where the government had indicated that it will support us."

Watching television affects children’s adulthood, research

Watching television affects children’s adulthood, researchAccording to a new research, increasing the number of hours of watching Television by children could affect their athletic ability in adulthood.

The study that was conducted in Canada showed that every extra hour of Television per week add half a millimetre to waist circumference and reduce muscle fitness in children. Researchers looked at data from TV habits of 1,314 children.

Researchers find link between tanning bed use, sunburns and melanoma

Researchers find link between tanning bed use, sunburns and melanomaResearchers have found link between use of tanning bed and sunburns in childhood and adolescence to increased risk of melanoma, which is the most serious form of skin cancer.

Dermatologists in Canada are advising people to start using sunscreen as they move to wearing summer cloths and their bodies are exposed to more sunlight. They found that women under the age of 40 were the most affected by the disease.

Apple surpasses BlackBerry in Canadian market

Apple surpasses BlackBerry in Canadian marketAmerican technology giant, Apple has been able to surpass rival Canada-based, Research In Motion Ltd. (RIM) in its home market for the first time in the smartphone market.

Apple has overtaken RIM, which is the maker of the popular BlackBerry family of smartphones, with its iPhone smartphones in terms of total shipments. RIM shipped 2.08 million BlackBerrys in the previous year in Canada compared to 2.85 million units for Apple, according to data from IDC and Bloomberg.

Cannabis users are at double risk of crashing cars, study

Cannabis users are at double risk of crashing cars, studyAccording to a new study in Canada, people who use cannabis are at double risk of crashing their cards when they drive compared to those who are not under the influence of drugs.

Researchers found that the risk doubles because cannabis interfered with brain and motor functions that are needed to drive carefully. Researchers at Dalhousie University in Halifax, Canada analyzed nine studies of 50,000 people from around the world who have been in serious accidents.

Nokia not to release Belle update on October 26

Nokia not to release Belle update on October 26 Mobil phone manufacturer, Nokia's employee has hinted that the its much anticipated Belle update will not be released on October 26 during the Nokia World 2011.

Several rumors circulating on the internet claim that Nokia might be planning to release the new version during the event in London. The company has not announced any launch date for the new software but has only hinted that it will come in eth coming future.




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