By WINNIPEG, Manitoba (Reuters) - Canada and the United States have agreed to extend border restrictions for another 30 days to help control the spread of coronavirus, Prime Minister Justin Trudeau said on Saturday.Slideshow Washington and Ottawa agreed last month to clamp down on non-essential travel while allowing trade to continue across their long shared frontier during the coronavirus outbreak.The restrictions were due to expire next week. Trudeau said the agreement is unchanged, and he expected shipments of medical supplies such as masks to continue to cross the border.President...…By WINNIPEG, Manitoba (Reuters) - Canada and the United States have agreed to extend border restrictions for another 30 days to help control the spread of coronavirus, Prime Minister Justin Trudeau said on Saturday.Slideshow Washington and Ottawa agreed last month to clamp down on non-essential travel while allowing trade to continue across their long shared frontier during the coronavirus outbreak.The restrictions were due to expire next week. Trudeau said the agreement is unchanged, and he expected shipments of medical supplies such as masks to continue to cross the border.President...WW…

By , TORONTO (Reuters) - Hedge funds are turning bullish on oil once again, betting the pandemic and investors’ environmental focus has severely damaged companies’ ability to ramp up production.Such limitations on supply would push prices to multi-year highs and keep them there for two years or more, several hedge funds said.The view is a reversal for hedge funds, which shorted the oil sector in the lead-up to global shutdowns, landing energy focused hedge funds gains of 26.8% in 2020, according to data from eVestment. By virtue of their fast-moving strategies, hedge funds are quick to spot...…By , TORONTO (Reuters) - Hedge funds are turning bullish on oil once again, betting the pandemic and investors’ environmental focus has severely damaged companies’ ability to ramp up production.Such limitations on supply would push prices to multi-year highs and keep them there for two years or more, several hedge funds said.The view is a reversal for hedge funds, which shorted the oil sector in the lead-up to global shutdowns, landing energy focused hedge funds gains of 26.8% in 2020, according to data from eVestment. By virtue of their fast-moving strategies, hedge funds are quick to spot...WW…

By WINNIPEG, Manitoba (Reuters) - Canada, the world’s biggest canola grower, is running short of the oilseed six months before the next harvest, with strong export demand driving prices to nearly 13-year highs last week.Slideshow Supplies of major commodity crops are dwindling worldwide as buyers hoard food supplies during the COVID-19 pandemic. China is loading up on grains and oilseeds that it can feed to animals, raising food inflation and causing some nations to restrict exports of their crops.Canola, known for its bright yellow flowers, is crushed mainly for oil to make French fries,...…By WINNIPEG, Manitoba (Reuters) - Canada, the world’s biggest canola grower, is running short of the oilseed six months before the next harvest, with strong export demand driving prices to nearly 13-year highs last week.Slideshow Supplies of major commodity crops are dwindling worldwide as buyers hoard food supplies during the COVID-19 pandemic. China is loading up on grains and oilseeds that it can feed to animals, raising food inflation and causing some nations to restrict exports of their crops.Canola, known for its bright yellow flowers, is crushed mainly for oil to make French fries,...WW…

By , WINNIPEG, Manitoba/WASHINGTON (Reuters) - TC Energy Corp will eliminate more than 1,000 construction jobs in coming weeks and halt work on the Keystone XL oil pipeline after U.S. President Joe Biden revoked the project’s presidential permit, the company said in an email to employees.Biden’s decision to cancel the permit is seen as the project’s death knell, after more than a decade of legal battles and shifting fortunes based on who held office in the White House. Opponents of the line fought its construction for years, saying it was unnecessary and would hamper the U.S. transition to...…By , WINNIPEG, Manitoba/WASHINGTON (Reuters) - TC Energy Corp will eliminate more than 1,000 construction jobs in coming weeks and halt work on the Keystone XL oil pipeline after U.S. President Joe Biden revoked the project’s presidential permit, the company said in an email to employees.Biden’s decision to cancel the permit is seen as the project’s death knell, after more than a decade of legal battles and shifting fortunes based on who held office in the White House. Opponents of the line fought its construction for years, saying it was unnecessary and would hamper the U.S. transition to...WW…

By , WINNIPEG, Manitoba/WASHINGTON (Reuters) - TC Energy Corp will eliminate more than 1,000 construction jobs in coming weeks and halt work on the Keystone XL oil pipeline after U.S. President Joe Biden revoked the project’s presidential permit, the company said in an email to employees.Biden’s decision to cancel the permit is seen as the project’s death knell, after more than a decade of legal battles and shifting fortunes based on who held office in the White House. Opponents of the line fought its construction for years, saying it was unnecessary and would hamper the U.S. transition to...…By , WINNIPEG, Manitoba/WASHINGTON (Reuters) - TC Energy Corp will eliminate more than 1,000 construction jobs in coming weeks and halt work on the Keystone XL oil pipeline after U.S. President Joe Biden revoked the project’s presidential permit, the company said in an email to employees.Biden’s decision to cancel the permit is seen as the project’s death knell, after more than a decade of legal battles and shifting fortunes based on who held office in the White House. Opponents of the line fought its construction for years, saying it was unnecessary and would hamper the U.S. transition to...WW…

AdvertisementCALGARY --U.S. President Joe Biden on Wednesday formally revoked the permit needed to build the Keystone XL oil pipeline (KXL), dashing Ottawa's hopes of salvaging the $8 billion project that the struggling Canadian crude sector has long supported.The move represents another set-back for the beleaguered Canadian energy industry, kills thousands of jobs and marks an early bump in Biden's relationship with Canada, a key trading partner. Biden had long promised to scrap the permit.Kirsten Hillman, Canada's ambassador to Washington, told CTV that Ottawa was "very disappointed."...…AdvertisementCALGARY --U.S. President Joe Biden on Wednesday formally revoked the permit needed to build the Keystone XL oil pipeline (KXL), dashing Ottawa's hopes of salvaging the $8 billion project that the struggling Canadian crude sector has long supported.The move represents another set-back for the beleaguered Canadian energy industry, kills thousands of jobs and marks an early bump in Biden's relationship with Canada, a key trading partner. Biden had long promised to scrap the permit.Kirsten Hillman, Canada's ambassador to Washington, told CTV that Ottawa was "very disappointed."...WW…

By , CHICAGO/WINNIPEG, Manitoba (Reuters) - Beer made from rice grown with less water, rye planted in the off-season and the sale of carbon credits to tech firms are just a few of the changes North American farmers are making as the food industry strives to go green.The changes are enabling some farmers to earn extra money from industry giants like Cargill, Nutrien and Anheuser-Busch. Consumers are pressuring food producers to support farms that use less water and fertilizer, reduce greenhouse gas emissions and use more natural techniques to maintain soil quality.Investments in...…By , CHICAGO/WINNIPEG, Manitoba (Reuters) - Beer made from rice grown with less water, rye planted in the off-season and the sale of carbon credits to tech firms are just a few of the changes North American farmers are making as the food industry strives to go green.The changes are enabling some farmers to earn extra money from industry giants like Cargill, Nutrien and Anheuser-Busch. Consumers are pressuring food producers to support farms that use less water and fertilizer, reduce greenhouse gas emissions and use more natural techniques to maintain soil quality.Investments in...WW…

By , , WINNIPEG (Reuters) - In July, the Canadian province of Manitoba went two weeks without a single new case of COVID-19. Theaters and casinos reopened and children soon returned to school.By October, the 1.4 million people living in a province only slightly smaller geographically than Texas had Canada’s highest rate of active cases - now 512 per 100,000 people, or nearly quadruple the national rate.“In a couple of weeks, we’re going to be in a catastrophic situation,” said Dr. Anand Kumar, a Manitoba intensive care physician.Many Americans looked longingly north of the border during the...…By , , WINNIPEG (Reuters) - In July, the Canadian province of Manitoba went two weeks without a single new case of COVID-19. Theaters and casinos reopened and children soon returned to school.By October, the 1.4 million people living in a province only slightly smaller geographically than Texas had Canada’s highest rate of active cases - now 512 per 100,000 people, or nearly quadruple the national rate.“In a couple of weeks, we’re going to be in a catastrophic situation,” said Dr. Anand Kumar, a Manitoba intensive care physician.Many Americans looked longingly north of the border during the...WW…

By , WINNIPEG, Manitoba/NEW YORK (Reuters) - U.S. oil refineries are moving aggressively to produce renewable diesel, partly to cash in on Canada’s greener fuel standard before Canadian refiners modify their own plants.Canadian Prime Minister Justin Trudeau’s government intends to present its Clean Fuel Standard this year, aiming to cut 30 million tonnes of emissions by 2030.Renewable diesel, made by processing spent cooking oil, canola oil or animal fats, can be used in high concentrations or without blending in conventional diesel engines.So far, Canadian companies have been slow in...…By , WINNIPEG, Manitoba/NEW YORK (Reuters) - U.S. oil refineries are moving aggressively to produce renewable diesel, partly to cash in on Canada’s greener fuel standard before Canadian refiners modify their own plants.Canadian Prime Minister Justin Trudeau’s government intends to present its Clean Fuel Standard this year, aiming to cut 30 million tonnes of emissions by 2030.Renewable diesel, made by processing spent cooking oil, canola oil or animal fats, can be used in high concentrations or without blending in conventional diesel engines.So far, Canadian companies have been slow in...WW…

By WINNIPEG, Manitoba (Reuters) - China fired back at Canada on Saturday for criticising Beijing’s national security law for Hong Kong, the second rebuke in a week that has added to strains of their bilateral ties.Prime Minister Justin Trudeau said on Friday that Canada was suspending its extradition treaty with Hong Kong due to the law and Canada’s foreign minister called the legislation “a significant step back” for liberty.China’s embassy in Ottawa said in a statement on its website that Canada had “grossly interfered” in Chinese affairs, adding that the new legislation would safeguard...…By WINNIPEG, Manitoba (Reuters) - China fired back at Canada on Saturday for criticising Beijing’s national security law for Hong Kong, the second rebuke in a week that has added to strains of their bilateral ties.Prime Minister Justin Trudeau said on Friday that Canada was suspending its extradition treaty with Hong Kong due to the law and Canada’s foreign minister called the legislation “a significant step back” for liberty.China’s embassy in Ottawa said in a statement on its website that Canada had “grossly interfered” in Chinese affairs, adding that the new legislation would safeguard...WW…