Ottawa trims overseas trade subsidies amid budget squeeze
Federal budget cuts push Ottawa to reduce subsidies and focus on strategic services for business development. Raymond Chan says resources are shrinking with trade missions becoming more selective. He advocates private export bodies and industry consortia to advance Canadian firms abroad. Daqing officials urge joint ventures and greater Canada China trade beyond energy and agriculture.
MENTIONED IN THIS ARTICLE
Anthony Johnson
Calgary Herald
Asia
Ottawa
Raymond Chan
Asia- Pacific
Calgary Export Club
Chan
India
Pakistan
Indonesia
John Armstrong
Export Club Board
Armstrong
Bennett Jones Verchere
Daqing
China
Jean Chretien
Team Canada
Qian Dihua
Calgary
Alberta Liberals push for major royalty cuts to spur drilling
Liberal Leader Grant Mitchell calls for at least 180 million dollars in annual royalty reductions on oil and gas to boost drilling and income tax. Proposals include a one year royalty holiday on development wells and elimination of royalties on low output gas wells, with claims Alberta’s rates are among the world’s highest.
MENTIONED IN THIS ARTICLE
Alan Boras
Calgary Herald
Alberta Liberals
Liberal
Grant Mitchell
Mitchell
Alberta
Danny Dalla Longa
Liberals
Formnce
Calgary
van Muers
Peaceat
Eee
Egypt
Crude oil price drop won't hurt production
In Calgary, industry sources say the recent fall in crude prices, to 17.90 US per barrel, will not dent Canadian output. They cite strong fundamentals, efficient operations, and OPEC as the main driver behind the slide while Alberta's oil remains a major producer.
MENTIONED IN THIS ARTICLE
Calgary
New York Mercantile Exchange
OPEC
Vienna
Dennis Sharp
CS Resources
Britain
Norway
Sharp
Organization of Petroleum Exporting Countries
Canada
Alberta
Hemisphere
John Shiry
Woodside Research
Shell Canada
Imperial Oil
Toronto Stock Exchange
Toronto market gains lift TSX 300 as gold leads
Toronto and New York shares rose at noon with the TSE 300 index up 0.62 to 4531.06. Trading was brisk at 24.4 million shares as declines beat advances 241 to 226 with 321 unchanged, led by gains in gold and silver while several industrials and energy issues fluctuated.
MENTIONED IN THIS ARTICLE
Toronto
New York
Weldwood Canada
Bel Canada
Cinram Ltd
Vancouver stock mixed on VSE amid thin volume
Vancouver stock market shows mixed trading as of 7 35 am PDT with the VSE index at 819 71 up 0 82 from Wednesday. Corriente Resources drops to 1 75 on 211 000 shares while AllNorth Resources holds at 0 25 on 167 500. Starbase Com climbs to 3 75 on 142 947 and PCS Wireless rises to 3 40 on 103 000. Layfield Resources up to 0 85 on 516 300 and Zcomm Inds to 0 46 on 267 500. United Compass up to 2 51 on 229 326 and Mountain Province down 4 percent to 5 on 180 925. International Third 30Apr96 trades at 0 60 on 500. Ecuadorean wis e96 warrants unchanged at 0 06.
MENTIONED IN THIS ARTICLE
Vancouver
Vancouver Stock Exchange
Corriente Resources
AllNorth Resources
Starbase Com
PCS Wireless
Zcomm Inds
United Compass
Mountain Province
International Third
Winnipeg grain report shows mixed losses on heavy trade
Oilseeds and canola led lower as traders profited into the session with fund buyers in Nov and August slipping. Wheat and oats fell amid limit down opening and hedging across grains, while Western barley and flaxseed declined. volumes totaled 178,140 tonnes across canola, flax, wheat, oats and barley.
MENTIONED IN THIS ARTICLE
Winnipeg
Winnipeg Commodity Exchange
Candia
Lima
Praines
Soares
Lee
Wall Street gains as jobless claims spark rate hopes
The Dow rose about 25.60 to 4,572.70 at midday as weak jobless claims lift rate-cut expectations. Advancing issues outnumbered decliners nearly 2 to 1 with 188.7 million shares traded. NYSE composite at 293.80.
MENTIONED IN THIS ARTICLE
Ughier
U.S. Federal Reserve
Wall Street
New York
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Mercury
Hunter’ Bsee & Marine Ltd
Spruce Grove
John Deere
O.A.C
Oor
Phay
DuPont Master Store
Saxony
Atlantis
Main Floor Carpets Ltd
South Railway Street
RBC Dominion Securities
Aise
TSE
Dominion Securities
Alcan Ask
Bk Mt
Bk NS
CanAirlines Earoseee
CP Ltd
Chen
Macmilan
Peewee
Rene Tae Nee
Eraee
Methanex
Aso Mere Mentee
Noranda Ee
Norcen Energy Ee
Nova Coreos Ee
NS Power
Nowsco
Petro Cdn Oy
Toronto Stock Exchange Today
Calian Technology
Canadian Occidental
Telular Ae
Lynx Energy
Inmet Mining Corporation
Franco-Nevada
NA Palladium
Diamond Fields
Dia
Western Copper
Summit Resources
Rigel Energy
Ulster Petroleum
Ocelot Energy B
Wascana Energy
Cabre Exploration
Winnipeg Grain Report
Tribune Media Services, Inc
NYSE
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