GFM Network News


Bankrupt oil firms must clean up inactive wells, Supreme Court rules

Ottawa/Winnipeg | Reuters — Canada’s Supreme Court ruled on Thursday that bankrupt oil companies must clean up inactive wells, overturning lower court decisions that prioritized paying creditors and potentially raising the risks of investment in the industry. The 5-2 ruling means that the Alberta Energy Regulator (AER), which had appealed the earlier court decisions, can […] Read more

Canada harvests bigger wheat, canola crops despite snowy fall

Reuters — Canada’s wheat and canola crops withstood unfavourable autumn weather, topping Statistics Canada’s previous estimates and last year’s production, according to the government agency’s report on Tuesday. The estimates were met with greater skepticism than usual from traders and analysts, as StatsCan surveyed farmers during unusually snowy, then mild, autumn weather that raised fears […] Read more