A will gives you control of your affairs after your death

Sandy Lyons of Grant Thornton Ltd. explains that, when you die without a will, any prior verbal wishes to family and next of kin can be set aside

A will gives you control of your affairs after your deathSandy Lyons is a licensed insolvency trustee with Grant Thornton Ltd.’s consumer insolvency team in Calgary. Why do so many people not have a will? Lyons: It can be a matter of cost, not wanting to look at and plan for end of life, a lack of understanding and knowledge of what steps must be completed…

Lowe’s closing 31 Canadian stores

Among the store closures: 1 in BC, 2 in Alberta (both in Calgary), 9 in Ontario, 9 in Quebec and 6 in Newfoundland

Lowe’s closing 31 Canadian storesLowe’s Companies Inc., which also operates Rona stores, announced on Monday it will be closing 31 of its Canadian stores as well as 20 U.S. stores. It said the “underperforming” store closures are part of the company’s “ongoing strategic reassessment” and it will “focus on its most profitable stores and improve the overall health of…

Canadian trade deficit narrows

Import volumes decreased 1.5% while prices rose 1.1%: StatsCan

Canadian trade deficit narrowsCanada's merchandise trade deficit with the world narrowed to $416 million in September from $551 million in August, as imports fell 0.4 per cent while exports edged down 0.2 per cent, according to Statistics Canada. “Total imports fell 0.4 per cent to $50.8 billion in September, despite gains in six of 11 product sections. Import…

Imperial Oil reports net income of $749 million in quarter

Petroleum product sales averaged 516,000 barrels per day, the highest quarterly sales in nearly 30 years

Imperial Oil reports net income of $749 million in quarterEnergy giant Imperial Oil reported on Friday that its estimated net income in the third quarter of 2018 was $749 million, an increase of $378 million compared with the net income of $371 million in the same period of 2017. “Imperial’s focus on reliability led to record gross production at Kearl of 244,000 barrels per…

Enbridge reports quarter loss of $90 million

Canada’s largest pipeline operator says its capital projects remain on time and on budget

Enbridge reports quarter loss of $90 millionEnbridge, Canada’s largest pipeline operator, is reporting a net loss attributable to common shareholders of $90 million in the third quarter of this year compared with earnings of $765 million a year ago. The loss was five cents per common share compared with earnings of 47 cents in the third quarter of 2017. “Enbridge continues…

Helping women find their path to success

Stephania Varalli talks about her own journey and how Women of Influence works to help others find their path to success

Helping women find their path to successStephania Varalli is co-CEO and head at media of Women of Influence. What’s Women of Influence and what does it do? Varalli: Our organization aims to help achieve workplace gender equality by inspiring and empowering individuals. We know that the system is biased against women, and it will take time and multiple, parallel efforts to…

TransCanada quarterly net income reaches $928 million

More than $20 billion in projects under development, says company

TransCanada quarterly net income reaches $928 millionTransCanada Corp. had net income attributable to common shares for third quarter 2018 of $928 million or $1.02 per share, compared to net income of $612 million or $0.70 per share for the same period in 2017, the company announced on Thursday. The company also said the $1.5 billion NGTL (Nova Gas Transmission Ltd. System)…

Suncor net earnings top $1.8B in third quarter

‘The ramp up at Fort Hills has gone exceedingly well and the asset is now operating at target rates’

Suncor net earnings top $1.8B in third quarterSuncor Energy reported net earnings of $1.812 billion in its third quarter, up from $1.289 billion in the third quarter of 2017. The company also said operating earnings rose from $867 million last year to $1.557 billion this year. “Strong operational performance was foundational to our success in the third quarter, resulting in over $3…

Encana to acquire all outstanding shares of Newfield

The $5.5 billion transaction positions the company 'to deliver highly efficient growth and quality returns’

Encana to acquire all outstanding shares of NewfieldEncana Corp. is acquiring all of the outstanding shares of common stock of Newfield Exploration Co. in an all-stock transaction valued at approximately $5.5 billion, it was announced on Thursday. In a news release, the companies said Encana will also assume $2.2 billion of Newfield net debt. “The strategic combination will create a leading multi-basin company…

Canadian Natural posts $1.8B net earnings in third quarter

The price per diluted share was $1.47, up from 56 cents a year ago

Canadian Natural posts $1.8B net earnings in third quarterNet earnings for Canadian Natural Resources Ltd. climbed to $1.8 billion in the company’s third quarter, up from $684 million a year ago. “The strength of our well balanced and diverse portfolio, combined with Canadian Natural's ability to effectively and efficiently execute, delivered a strong third quarter for the company,” said Steve Laut, executive vice-chairman,…

Good news for the Canadian economy

Real GDP rose for the seventh consecutive month, led by oil and gas extraction

Good news for the Canadian economyThere was good news for the Canadian economy on Wednesday. Statistics Canada reported that real gross domestic product rose for a seventh consecutive month, edging up 0.1 per cent in August as growth was concentrated in oil and gas extraction and finance and insurance, which more than offset declines in 12 of 20 industrial sectors.…

Energy giant Cenovus reports net loss of $242M in quarter

The company said wide differentials Canadian oil producers have experienced will begin to ease in coming months

Energy giant Cenovus reports net loss of $242M in quarterEnergy giant Cenovus reported on Wednesday a third-quarter loss of $242 million compared with net earnings of $275 million in the third quarter of 2017. The Calgary-based company also said capital investment fell to $271 million in the quarter, which was down from $438 million a year ago. It said it generated more than $700…

Canadian Tire boosts e-commerce offering

Calgary, Vancouver, Saskatoon, Ottawa and Toronto included in first group of self-serve pick-up locations

Canadian Tire boosts e-commerce offeringRetail giant Canadian Tire announced on Wednesday that it has become the first Canadian retailer to put into market new, automated, 16-foot Self-Serve Pick-Up Towers at select locations across the country. The locations are Calgary, Vancouver, Saskatoon, Ottawa and Toronto. It said the Ottawa area will see two new ways to pick up online purchases…

A food service pioneer keeps growing

OPA! of Greece marks its 20th year with the same commitment to quality, healthy choices and variety

A food service pioneer keeps growingTheodore “Dorrie” Karras is president and CEO of  OPA! of Greece. Can you explain the history of OPA! and how it started? Karras: Opa! started 20 years ago in 1998. Founders Nick Tiginagas and Don Gebauer opened the first location in Market Mall in Calgary. At the time, Greek food was not prevalent in food…

WestJet net earnings plunge more than 66% from a year ago

The airline reported on Tuesday that net earnings of $45.9 million were down from $135.9 million from the third quarter of 2017

WestJet net earnings plunge more than 66% from a year agoNet earning for Calgary-based WestJet fell by 66.3 per cent in the third quarter from a year ago. The airline reported on Tuesday that net earnings of $45.9 million were down from $135.9 million from the third quarter of 2017. The company reported diluted earnings per share of $0.40, which was down 65.2 per cent…