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Cenovus CEO questions Trump’s call for profits on Keystone XL

Donald Trump will need a lesson in basic energy economics if he becomes President of the United States, according to one of Canada’s most prominent oil and gas executives.
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Top Picks from David Cockfield: TD Bank, BMO Low Volatility U.S. Equity ETF, Baytex Energy Corp
Top Picks David Cockfield, managing director & portfolio manager, Northland Wealth Management.
Verizon and unions reach tentative deal to end labour strike
Verizon Communications Inc and unions representing nearly 40,000 wireline workers have reached a tentative deal to end a strike that has stretched for more than month, U.S. Secretary of Labour Thomas Perez said on Friday.
The Week Ahead: Canadian GDP data, Saskatchewan budget
BNN sets up the week ahead to highlight what investors should be expecting.
Monsanto boss could net US$70 million from a Bayer takeover
Monsanto boss Hugh Grant could land more than $70 million if the world's largest seed company is taken over by German chemicals giant Bayer AG.
Top Picks from Eric Nuttall: Cardinal Energy, NYX Gaming, DHX Media
Top Picks from Eric Nuttall, portfolio manager, Sprott Asset Management.
Canadian class action claims Johnson's baby powder failed to warn of health risk
A class action lawsuit has been filed against Johnson & Johnson over an alleged link between its baby powder products and ovarian cancer in adult women who used the product for long periods of time.
Ottawa posts $2B deficit for fiscal year as income tax revenue falls in March
The federal government posted a deficit in line with what was projected in its spring budget as personal and corporate income tax revenue fell in March.
Bell to pay $11.8M in rebates after Competition Bureau's text messaging investigation
Bell will pay $11.82 million to its current and past customers after a Competition Bureau investigation into the telecom's premium text messaging charges.
Dollar, bond yields extend gains after Yellen
The U.S. dollar added to gains while U.S. Treasury yields hit session highs on Friday after Federal Reserve Chair Janet Yellen said a U.S. interest rate hike will likely be appropriate in the coming months.
Valeant Pharmaceuticals said to reject a takeover approach
A series of scandals at Valeant apparently wasn’t enough to scare off suitors. The drugmaker reportedly swatted away a takeover offer by Takeda Pharmaceutical and TPG in the spring.
U.S. first-quarter economic growth revised up to 0.8%
U.S. economic growth slowed in the first quarter although not as sharply as initially thought, amid a surge in spending on home building and a steady increase in inventory investment by businesses.
Loblaw looking for prospective buyers of 212 gas-filling stations
Loblaw Co. says it's taking steps to sell its network of 212 gasoline-filling stations.
The 10 cheapest travel destinations for Canadians
With a weak loonie, it’s no wonder many Canadians are looking to make travel plans close to home. But a report from travel site reveals that it may be even more affordable to fly to a U.S. city rather than a domestic one.
Cenovus CEO questions Trump’s call for profits on Keystone XL
Donald Trump will need a lesson in basic energy economics if he becomes President of the United States, according to one of Canada’s most prominent oil and gas executives.
High cost of home ownership exposes strains in Canada’s housing market
A Manulife Bank Canada report shows more than one third of Canadian homeowners were unable to cover expenses at least once this year. Less than half think they'll have enough savings for retirement.
Bank of Montreal to cut 4% of workforce, memo says
Bank of Montreal, Canada's fourth biggest bank, will cut 4 per cent of its total workforce as part of cost cutting measures, according to a memo to staff by Chief Executive Bill Downe seen by Reuters on Wednesday.
Why this Apple developer thinks the tech giant is doomed to a BlackBerry-style fall
Apple could be doomed to a BlackBerry-style fall from grace if it does not adapt to the rapidly changing mobile landscape, according to Apple developer Marco Arment.
CRTC may pull plug on pick-and-pay cable packages when Blais departs, expert predicts
Canada’s broadcast regulator will likely cancel its so-called pick-and-pay cable rules after current chairman and CEO Jean-Pierre Blais’ term ends in July 2017, broadcast lawyer and consultant Peter Miller predicts.
Shell layoffs to hit 12,500 by end of 2016 – equal to Facebook’s entire workforce
Royal Dutch Shell will cut a further 2,200 jobs, taking its target for layoffs to 12,500 by the end of the year, the Anglo-Dutch oil firm said on Wednesday, as it cuts deeper in the face of weak oil prices.
Struggling to save: Why millennials can’t buy the houses they want
Almost two thirds of Canadian millennials want to buy a house in the next five years, but almost half haven’t started saving, according to a survey released on Tuesday by CIBC.
Ford recalls 271,000 F-150 trucks to replace brake cylinders
Ford Motor Co is recalling about 271,000 F-150 pickup trucks in North America to replace their brake master cylinders.
Why trading up in Canada’s hottest housing markets is harder than it used to be
Buy a starter home. Build some equity and your career. Then maybe some babies enter the picture. It’s time to trade up to that next-level home. That used to be the preset course for many Canadians, but that narrative appears to be coming undone in the country’s hot housing markets.
Top Picks from Andrey Omelchak: Element Financial, Yellow Pages, EXCO Technologies
Top Picks from Andrey Omelchak, president & CIO, LionGuard Capital Management.

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