Economic History of Canada | South China Morning Post
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  • Mar 28, 2015
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Economic History of Canada

Mainland factories see less profits for 4th month

The mainland's industrial sector last month recorded its fourth year-on-year profit decline in five months, underlining the impact of the economic slowdown on manufacturers.

Saturday, 30 June, 2012, 12:00am

PetroChina in full control of oil sands

State-backed PetroChina, the nation's largest oil and gas producer, will buy 40 per cent of an oil sands project in western Canada for C$680 million (HK$5,213 million), making it the first Chinese firm to wholly own a Canadian oil sands project.

5 Jan 2012 - 12:00am

Handicapper 'has measure of Entrapment'

It might have taken five starts for five wins by the John Size-trained Entrapment, but the handicapper has got the three-year-old's measure now, according to champion jockey Douglas Whyte.

26 Apr 2010 - 12:00am

Rush for dirty gold

Once upon a time, Fort McMurray was in a place the Aboriginals called Athabasca, where 'there are plants one after another', a beautiful green paradise of trees, water, light and land. Ten years ago, these hills were one of wildest places on Earth, and a hunting ground for the Chipewyan.

20 Jan 2009 - 12:00am

The messy, wasteful promise of oil sands

We may be running out of conventional oil, which for more than a century has fuelled our transport and industry. But as the price of this relatively liquid and easy-to-extract crude oil hovers at a near-record high, the incentive to exploit vast untapped reserves of heavy oil and oil sands is unleashing a petroleum production boom centred on Canada.

3 Jan 2008 - 12:00am

Sinopec sees soaring profits

China Petroleum & Chemical Corp (Sinopec), the world's third-largest oil refiner by capacity, expects first-quarter earnings to surge more than 50 per cent, after reporting a better than expected 30 per cent jump in net profit last year.

11 Apr 2007 - 12:00am

Xstrata launches $139b hostile bid

Swiss firm counters a friendly offer for Canadian mining group Falconbridge, in which it already holds a 19pc stake

Swiss mining group Xstrata launched a hostile takeover bid for Canadian mining group Falconbridge yesterday, countering a friendly offer from Inco of Canada and highlighting consolidation moves in the Canadian mines and metals industry.

18 May 2006 - 12:00am

Plenty of room for promotions

The refurbished Eaton Hotel is doing roaring business and plans to expand its workforce

THERE HAS NEVER been a better time to join the hotel industry. Not only are there many new hotels coming up, existing ones are expanding and refurbishing their facilities.

18 Mar 2006 - 12:00am

Canada suffers mass lay-offs in factory exodus

Canada's economy shed a record 42,000 factory jobs last month, the biggest drop in manufacturing employment since the harrowing recession of the early 1990s.

The country's industrial heartland, Ontario, has lost 61,000 factory jobs in three years and much of that occurred last year alone.

25 Feb 2006 - 12:00am

Thirst for oil leads mainland to US strategic backyard

As the cost of crude climbs, Canada's tar sands are increasingly sought after

In their massive campaign to secure global oil resources, Chinese energy conglomerates have reached the United States' strategic backyard. Twice in the past six days Chinese oil majors struck deals for shares in Canada's booming oil sands business.

18 Apr 2005 - 12:00am

Canada runs hot despite rising rates

Residential sector fails to get the message as number of housing starts jumps by 10.5pc last month

Interest rates have started to rise in Canada, but the housing market has not got the message that activity is supposed to start slowing.

Last week, the Bank of Canada raised its overnight lending rate by 25 basis points to 2.25 per cent.

15 Sep 2004 - 12:00am

Rail costs further pressure producers

Consumers are likely to lose out as heavy industry says it will offset losses by passing rising prices down the user chain

Rising rail transport costs on the mainland are exacerbating materials prices but some heavy industry manufacturers say they can pass on the higher costs to consumers.

20 Dec 2003 - 12:00am

Prime-office prices set to leap

Grade-A office prices are set to rise sharply this year on the back of falling interest rates and tightening supply, according to CB Richard Ellis.

Executive director Terrance Chow said he expected prices to rise by 15 to 20 per cent.

There had been a disproportionate increase in rent compared with prices, which had a lot of catching up to do.

7 Feb 2001 - 12:00am

C$ declines to 140-year low

The Canadian dollar fell to the lowest level against its US counterpart since it was created in 1858, dropping to 69.04 US cents in early trading. Its foray into record-low territory came even as the Bank of Canada bought Canadian dollars to steady its value.

23 Jan 1998 - 12:00am

Chintex Oil & Gas suffers drain

Chintex Oil & Gas Co, which is involved in mainland oil refining, said losses for the six months to September 30 were $340,075, compared with $460,000 in the same period the preceding year. Losses per share were 0.33 cent, against 0.45 cent previously.

9 Dec 1997 - 12:00am

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