Canada’s struggling oil industry is looking to what is known as partial upgrading technology to thin its sludge-like crude and squeeze more of it through congested pipelines. It is the latest effort by the Alberta provincial government to rescue an industry hurt last year by steep discounts for its oil, as production far exceeded pipeline capacity. The government has already …

Uncertainty over U.S. trade policies is holding back Canadian business investment despite strong economic fundamentals, helping temporarily slow growth, a deputy governor of the Bank of Canada said on Wednesday. Timothy Lane also pointed to lower oil prices and a softening housing market as factors hindering growth, in contrast to the U.S. economy, which is powering ahead on the effects …

Huawei executive Meng Wanzhou, who was arrested in Canada and faces possible extradition to the United States, is exploring a defense that claims U.S. charges against her are politically motivated, the Globe and Mail newspaper reported on Monday. Meng, the chief financial officer of China’s Huawei Technologies Co Ltd, is the central figure in a high-stakes dispute between the United …

TORONTO (Reuters) – The unlikely combination of freshwater fish and cannabis is producing outsized medical marijuana crops that Green Relief Inc aims to capitalize on, as the Canadian company plots a stock market listing and global expansion. In an underground southern Ontario facility surrounded by farmland, Green Relief operates a cutting-edge aquaponic farm, using filtered fish waste to fertilize cannabis …

MONTREAL (Reuters) – Bombardier Inc faces financial penalties for the late delivery of three vehicles, a Toronto-area transportation agency said on Friday, as the Canadian maker of planes and trains comes under additional pressure for the performance of its largest division by revenue. Bombardier delivered three light rail cars by a Feb. 1 contract deadline and an additional three are …

(Reuters) – Canada’s auto sales fell 7.3 percent in January to 108,774 units from a year earlier, industry data showed, marking the tenth straight month of sales drop. According to a report by Global Automakers Canada (GAC) released on Friday, passenger car sales fell 13.7 percent, while truck sales were down 4.9 percent. Auto sales in Canada has been steadily …

OTTAWA (Reuters) – In an unprecedented move, Canadian Prime Minister Justin Trudeau on Saturday said he had fired his ambassador to China, who prompted a political furor with comments about Huawei’s high-profile extradition case. John McCallum had embarrassed Trudeau’s Liberal government by saying Huawei Technologies Co Ltd [HWT.UL] Chief Financial Officer Meng Wanzhou could make a strong argument against being …

DAVOS, Switzerland (Reuters) – Canadian Finance Minister Bill Morneau said on Friday the economy and business are facing headwinds from the U.S.-China trade dispute as well as his country’s own diplomatic tensions with China. Morneau, speaking to Reuters TV on the sidelines of the World Economic Forum in Davos, said that Canada wanted to ensure that both its central bank …

TORONTO/OTTAWA (Reuters) – Canadian factory sales and wholesale trade both slumped more than expected in November, supporting the Bank of Canada’s gloomy short-term forecasts for the economy which have sidelined prospects of further interest rate hikes over the coming months. The central bank has said that low oil prices, which have led to production cuts in Alberta, and a weak …

(Reuters) – Bobsleigh Canada said on Monday an investigation has been launched after two-time Olympic gold medalist Kaillie Humphries filed a harassment complaint with the organization. Humphries, who announced last October she was taking a year off from competition, told CBC in an interview that she had filed a complaint but did not reveal details of the harassment she was …