Tuesday 15 November 2011

CA-CANADA Summary (Reuters)

Asia a priority for Canada after U.S. delays Keystone

HONOLULU, Nov 13 (Reuters) - Canadian Prime Minister Stephen Harper said he will step up efforts to supply energy to Asia after Washington delayed a decision on whether to approve a new oil pipeline from Canada to the United States. In a subtle warning to Washington, Harper told Chinese President Hu Jintao that providing energy to Asia was an important priority for Canada.

Maple Leaf Foods production resuming after fire

WINNIPEG, Manitoba (Reuters) - Maple Leaf Foods is gradually increasing the rate of production and packaging at its Winnipeg plant, where a fire caused water and smoke damage last week, the company said on Monday. Packaging lines are running at about 50 percent of their normal rate and production more slowly than that, said Lynda Kuhn, senior vice-president of communications at Maple Leaf.

Canada will not give up on U.S. to approve Keystone

HONOLULU (Reuters) - Canadian Prime Minister Stephen Harper vowed on Sunday to keep pressure on the United States to approve the $7 billion Keystone pipeline project to ship crude oil from Alberta to Texas. After meeting with President Barack Obama at an Asia-Pacific leaders forum, Harper said his government will not give up on the project.

U.S. punts tricky pipeline decision past 2012 election

WASHINGTON (Reuters) - The U.S. government on Thursday delayed approval of a Canada-to-Texas oil pipeline until after the 2012 U.S. election, bowing to pressure from environmentalists and sparing President Barack Obama a damaging split with liberal voters he may need to win reelection. The decision to explore a new route for TransCanada Corp's Keystone XL oil pipeline to avoid fragile territory in the Sand Hills of Nebraska dismayed the Canadian government, which had lobbied assiduously for the $7 billion project.

Canada's tiny Arctic port faces uncertain future

WINNIPEG, Manitoba (Reuters) - Every summer for three months, the Hudson Bay ice breaks up and ships load Canadian Prairie grain for export, putting more than 100 people to work in the tiny northern Manitoba town of Churchill. The town of just 900 - well known for the polar bears that often wander through its streets - is Canada's only Arctic port. But that key driver of the local economy could become as endangered as the polar bear next year when the Canadian Wheat Board, the port's biggest shipper, loses its monopoly on marketing Western Canadian wheat and barley.

Saskatchewan re-elects government; potash royalties firm

WINNIPEG, Manitoba (Reuters) - Brad Wall's Saskatchewan Party romped to the biggest election victory in decades on Monday in the resource-rich western Canadian province, promising to leave potash royalties unchanged for the next four years. Saskatchewan holds one of the world's richest reserves of potash -- a mineral mined to fertilize crops -- and royalties typically add hundreds of millions of dollars to the provincial treasury each year.

State Dept eyes rerouting Keystone XL pipeline

WASHINGTON (Reuters) - The State Department is considering rerouting TransCanada Corp.'s proposed $7 billion Keystone XL pipeline to avoid ecologically sensitive areas of Nebraska, a U.S. official said on Tuesday. The State Department has been weighing issues raised in public meetings and talks with officials in six states that would be affected "including whether to consider a rerouting of the Keystone XL pipeline away from an environmentally delicate area of Nebraska," the official said.

Unions ground Air Canada's low-cost carrier plan

TORONTO (Reuters) - Months of labor conflict have stalled Air Canada's plans for a low-cost carrier, but Canada's biggest airline says it has not given up the idea. Air Canada, which teetered on the edge of bankruptcy two years ago, has struggled to bring down costs and turn consistent profits, and Chief Executive Calin Rovinescu says the low-cost leisure market is too good an opportunity to ignore.

Canada defiant after U.S. oil pipeline rebuff

OTTAWA/CALGARY (Reuters) - Canada will keep promoting crude from the tar sands of northern Alberta as a secure source of energy despite a U.S. decision to delay approval of a pipeline to carry the oil from Alberta to Texas, officials said on Thursday. The Canadian government and the oil industry have limited options, however, as another controversial proposal to build a pipeline to export tar sands crude to Asian markets is just at the beginning of a lengthy review process.

Canada new home prices up 0.2 percent in September

OTTAWA (Reuters) - New home prices in Canada increased by 0.2 percent in September, the sixth consecutive month-on-month rise, on continued strength in the heavily-populated Toronto area, Statistics Canada said on Wednesday. The growth in the new housing price index matched analysts' expectations. Prices rose 2.3 percent in the 12 months to September and since mid-2010 have been well above the pre-recession levels of 2008.

Source: http://us.rd.yahoo.com/dailynews/rss/energy/*http%3A//news.yahoo.com/s/nm/20111114/wl_canada_nm/canada_summary

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