Canadian dollar edges higher as oil prices jump

Mar 12

Canadian dollar hits five-day low on U.S. inflation data: The Canadian dollar edged lower against its U.S. counterpart on Tuesday as investors weighed prospects ...

reuters.com/markets/currencies/canadian-dollar-hits-five-day-low-us-inflation-data-2024-03-12/

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7

BBC News

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10h

Baby orphan orca escapes Canadian lagoon after month of attempts: Orphaned calf swims from British Columbia after several rescue attempts by First Nations ...

bbc.com/news/world-us-canada-68909800

920

10h

British Columbia Rolls Back Drug Decriminalization After Public Backlash: British Columbia has asked the Canadian government to reintroduce a ban on public drug ...

bloomberg.com/news/articles/2024-04-26/british-columbia-rolls-back-drug-decriminalization-after-public-backlash

3

Apr 24

Watch: Huge fire breaks out at Russian oil facility: A huge fire has broken out at a Russian oil refinery following reports of overnight drone attacks.

bbc.com/news/av/world-europe-68888835

301

Apr 22

Honda will build electric vehicles and their parts in Ontario with financial support from the Canadian and provincial governments under a plan to be announced ...

reut.rs/3Jtd1yn

Quick Glance: Honda's Major Investment in Electric Vehicle Factory in Ontario

According to sources from federal and provincial government levels, Honda is planning to establish a significant new electric vehicle facility in Ontario.

The forthcoming announcement of the agreement is expected to take place at Honda's facility in Alliston, where plans for a comprehensive project to manufacture electric vehicles, batteries, and components will be revealed.

Honda's investment in Alliston is projected to surpass the existing major projects in the electric vehicle production sector in Ontario.

The disclosure of the agreement with Honda is seen as a significant step in the government's efforts to attract companies for establishment in Canada within the emerging electric vehicle industry.

55

Apr 24

Cuba apologizes to Canada for delivering wrong body to grieving family: Cuba apologized to Canada on Wednesday after authorities accidentally delivered the ...

reuters.com/world/americas/cuba-apologizes-canada-delivering-wrong-body-grieving-family-2024-04-24/

27

Apr 25

Europeans ‘less hard-working’ than Americans, says Norway oil fund boss: Tangen finds US investments more attractive due to weaker regulations and more ...

ft.com/content/58fe78bb-1077-4d32-b048-7d69f9d18809

21

Apr 24

A big piece of Saskatoon airline history departing for Lethbridge | Globalnews.ca

297

7h

Cenovus subsidiary fined $1.83 mln for 2018 Canada oil spill: A Canadian regulator said on Friday a Cenovus Energy subsidiary has been fined C$2.5 million ($1 ...

reuters.com/markets/commodities/cenovus-subsidiary-fined-183-mln-2018-canada-oil-spill-2024-04-26/

1 similar article

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6

OCCRP Apr 22

Even after a Canadian court case against an alleged mafia group collapsed, public records revealed much about how a faction of the ’Ndrangheta mafia in Toronto ... Show more

25

4h

Orca calf trapped in Canadian lagoon successfully swims to open water : A lost orca (killer whale) calf, stranded for weeks in a shallow Vancouver Island lagoon ...

7

Apr 23

Body of Canadian father missing after he dies in Cuba: His family is demanding answers from Canadian officials after they were sent back the wrong body.

bbc.com/news/world-us-canada-68885840

211

Apr 24

First Quantum Minerals cuts debt by over $1 bln in first quarter: Canadian miner First Quantum Minerals said on Tuesday that it has cut its debt by $1 ...

reuters.com/markets/commodities/first-quantum-minerals-cuts-debt-by-over-1-bln-first-quarter-2024-04-23/

Quick Glance: First Quantum Minerals Reduces Debt by Over $1 Bln in First Quarter

Canadian mining company First Quantum Minerals announced a $1.14 billion debt reduction in the first quarter.

With a series of capital restructuring measures, the company aims to strengthen its balance sheet and cut debt to achieve operational goals.

The company's total debt as of March 31 is $5.99 billion, down from the previous $7.38 billion.

Despite a $159 million net loss due to the closure of the Cobre Panama mine, the company posted a $75 million profit in the year-ago quarter.

27

Apr 24

Canada’s Retail Sales Flatlined in the First Quarter: Canadian consumers haven’t tightened their belts this much in nearly a year, and there are no signs of ...

bloomberg.com/news/articles/2024-04-24/canada-s-retail-sales-flatlined-in-the-first-quarter

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BBC News Apr 22

Africa Live: Muslim child allegedly lashed for attending church - BBC News: Seven members of a family in Uganda have been arrested for allegedly assaulting the ...

bbc.co.uk/news/live/world-africa-68652286

Quick Glance: Africa Live: Germany detains alleged Nigerian mafia members

German police have arrested 11 Nigerian men suspected of being part of a mafia group involved in large-scale dating scams orchestrated by the Black Axe gang.

Portugal's President Marcelo Rebelo de Sousa has stated that his country should take full responsibility for colonial-era abuses and consider paying reparations in certain cases.

Authorities in Tanzania have shut down five hydroelectric stations to reduce excess electricity in the national grid, with the main plant generating enough power for major cities like Dar es Salaam.

Negotiations between the Kenyan government and striking doctors have collapsed, prolonging the suffering of those seeking healthcare in public hospitals, as doctors demand better pay and the hiring of trainee doctors.

36

Apr 25

Peninsula gas station charges $7.09 per gallon for regular: A gas station on the Peninsula is giving drivers some extreme sticker shock.

nbcbayarea.com/news/local/peninsula/menlo-park-gas-station-prices/3519417/

Quick Glance: Menlo Park Gas Station Charges $7.09 Per Gallon for Regular

A gas station on the Peninsula is causing extreme price shocks for drivers. The Chevron station in Menlo Park is charging $7.09 per gallon for regular, $7.45 for plus, and $7.69 for supreme. This is at least a dollar higher than neighboring stations and well above the California average of $5.42.

According to AAA, gas stations set their own prices, and it depends on when they purchase their gas. If they buy their gas wholesale when oil prices are high, they need to sell it at that price to make a profit.

AAA Northern California spokesperson John Treanor mentioned that gas prices have been elevated recently due to increased demand in spring, higher costs of the summer blend, and rising crude oil prices influenced by Middle East turmoil.

AAA states that gas prices are expected to stabilize at this point.

217

Apr 20

Immigration: 'Some Canadians are beginning to question the multiculturalist model'

lemonde.fr/en/international/article/2024/04/20/immigration-some-canadians-are-beginning-to-question-the-multiculturalist-model_6668991_4.html

Quick Glance: Immigration Debate in Canada: Shifting Perspectives on Multiculturalism

Sociologist Christian Bergeron notes the intense debate on immigration in Canada, challenging a fundamental pillar of Canadian society.

Canadian Prime Minister Justin Trudeau aims to welcome around 985,000 new permanent immigrants by 2025.

Bergeron explains the evolving immigration discourse in Canada, raising doubts about the country's traditional multiculturalism principle.

The changing demographics of immigrants in Canada have led to concerns among some Canadians, reflecting a sense of destabilization.

5

10h

Canada to donate nearly $12 million to Ukraine's drone production, Czech ammunition initiative

kyivindependent.com/canada-to-donate-nearly-12-million-to-ukraines-drone-production-czech-ammunition-initiative/

6

6h

Granting waivers on Iranian oil only emboldens the ayatollahs: The only way to reach any agreement with Tehran to constrain the activities of its clients is by ...

thehill.com/opinion/national-security/4622953-granting-waivers-on-iranian-oil-only-emboldens-the-ayatollahs/

30

Apr 19

JPMorgan warns of need for ‘reality check’ on phasing out fossil fuels: US bank says higher interest rates, inflation and global conflict have dented outlook for ...

ft.com/content/352b38a7-f298-4b54-adc2-f4cc1b17444b

Quick Glance: JPMorgan warns of Need for 'Reality Check' on Phasing out Fossil Fuels

JPMorgan warns of setbacks in transitioning to renewable energy due to higher interest rates, inflation, and global conflicts.

Investment in renewable energy currently offers subpar returns, potentially leading to social unrest.

JPMorgan forecasts increasing demand for oil and gas until 2030, highlighting challenges in transitioning to renewable energy.

Wood Mackenzie warns of the impact of higher interest rates on transitioning to a global net-zero economy, especially for renewables and nuclear power.

99

9h

Drake: AI Tupac track gone from rapper's Instagram after legal row: The megastar had been ordered to delete the track by the late rapper's estate for "abusing ...

bbc.com/news/newsbeat-68904385

Quick Glance: Tupac Shakur's Estate Threatens Drake with AI Voice Imitation Lawsuit

Tupac Shakur's estate has sent a cease-and-desist letter to Drake over his use of an AI-generated imitation of Tupac's voice in a new song.

The estate demands that Drake cease publication of the song and take all necessary steps to remove it from all platforms as it constitutes a flagrant violation of Tupac's publicity rights.

Drake is accused of creating the false impression that Tupac's estate endorses his lyrics, adversely affecting the market for Amaru Entertainment, Inc.'s AI projects.

Drake is requested to provide written confirmation that 'Taylor Made' has been removed from all platforms, along with an explanation of how the sound-alike was created and the individuals or company involved.

190

Apr 23

Shortages key to copper's upward price trajectory to new peaks: Upward momentum that has propelled copper prices to within a whisker of the psychological $10 ...

reuters.com/markets/commodities/shortages-key-coppers-upward-price-trajectory-new-peaks-2024-04-23/

14

Apr 21

Canadian Airbus A220 jet workers reject tentative agreement

28

16h

Céline Dion Reveals 'Huge' Wedding Injury That Required Medical Attention: The French-Canadian singer married the late René Angélil while wearing an elaborate ...

huffpost.com/entry/celine-dion-reveals-wedding-injury-tiara_n_662baa72e4b0bd041d777fa2

28

Apr 25

BBC Verify examines reported strikes on Russian oil depots: The reported strikes have been geolocated to the Smolensk region of western Russia.

bbc.com/news/av/world-europe-68893589

49

Apr 23

Bunge-Viterra agriculture merger runs into Canada competition concerns: Canada's Competition Bureau on Tuesday said it found major competition concerns around U ...

reuters.com/markets/deals/canadian-competition-bureau-has-major-concerns-about-proposed-bunge-viterra-2024-04-23/

7

Apr 26

Fears about stagflation are mounting in the US. It’s every central banker’s worst nightmare

cnn.com/2024/04/25/economy/stagflation-us-economy-gdp/

Quick Glance: Rising Key Fed Inflation Measure in March

In March, inflation remained strong, with an important indicator closely monitored by the Federal Reserve indicating elevated price pressures.

The personal consumption expenditures price index excluding food and energy increased 2.8% from a year ago in March, above expectations.

Both the all-items PCE price gauge and the core index increased by 2.7%, higher than estimates, leading to a positive market reaction.

Markets reacted mildly to the data, with Wall Street set to open higher, while Treasury yields fell and the probability of rate cuts increased slightly.

102

Apr 25

Venice introduces first payment charge for tourists: The Italian city became the first in the world on April 25 to introduce a payment system for tourists in an ...

theglobeandmail.com/world/video-venice-introduces-first-payment-charge-for-tourists/

3

Apr 23

Two-thirds of Canadians consider themselves fans of women's sport - study: Two thirds of Canadians consider themselves to be fans of women's sport ...

reuters.com/sports/two-thirds-canadians-consider-themselves-fans-womens-sport-study-2024-04-22/

72

Apr 23

U.S. oil and gas deals hit a record $51 billion in the first quarter, a continuation of last year's fierce merger pace centered in the top U.S. shale field ... Show more

83

Apr 25

Canada's Rogers profit takes hit from higher costs related to Shaw acquisition: Rogers Communications posted a drop in first-quarter profit on Wednesday ...

reuters.com/business/media-telecom/canadas-rogers-communications-tops-quarterly-subscriber-additions-estimate-2024-04-24/

25

Apr 23

Canada's TC Energy says NGTL pipeline system resumes normal operations after fire

reuters.com/business/energy/canadas-tc-energy-says-ngtl-pipeline-system-resumes-normal-operations-after-fire-2024-04-22/

9

16h

An ode to independent Canadian bookstores: Not only are they key supporters of Canadian literature, they’re expert retailers to boot

theglobeandmail.com/opinion/article-an-ode-to-independent-canadian-bookstores/

2

Apr 25

Punjabi Canadian resident’s video sparks laughter and sympathy: From grappling with the intricacies of Canadian winters to navigating cultural differences ...

indianexpress.com/article/trending/trending-globally/punjabi-canadian-residents-video-sparks-laughter-sympathy-9290450/

3

Apr 19

Ottawa to force banks to identify carbon rebate by name in direct deposits: The first rebate deposits in 2022 were generically labelled – ‘federal payment’ and ...

theglobeandmail.com/politics/article-ottawa-to-force-banks-to-identify-carbon-rebate-by-name-in-direct/

17

Apr 19

US restricts drilling and mining in Alaska wilderness, angering state leaders: The Biden administration on Friday took steps to limit both oil and gas drilling ...

reuters.com/world/us/us-restricts-drilling-mining-alaska-wilderness-angering-state-leaders-2024-04-19/

131

7h

Why Russia and Iran can dodge Western sanctions: Iran has been living with Western sanctions for almost 40 years, and never have so many sanctions been imposed ...

dw.com/en/why-russia-and-iran-can-dodge-western-sanctions/a-68928255

9

19h

Canadian food banks are on the brink: ‘This is not a sustainable situation’ | Globalnews.ca

20

Apr 19

Biden administration restricts oil and gas leasing in Alaska: The U.S. oil industry’s top lobbying group says Biden administration rules restricting oil and gas ...

apnews.com/article/alaska-drilling-petroleum-reserve-biden-1dd8c07d2ed6e902ee6ac6298e2eaade

Quick Glance: Restrictions on Oil and Gas Leasing in Alaska under Biden Administration

The Biden administration announced restrictions on new oil and gas leasing on 5.3 million hectares of a federal petroleum reserve in Alaska to protect wildlife from the impacts of climate change.

The decision finalizes proposed protections that drew backlash from environmentalists last year for violating Biden's climate change pledge.

The limitation on new leasing faced opposition from Republican lawmakers who criticized the decisions as undermining national security interests.

Environmentalists praised the decision, while the oil industry labeled it as misguided and raised concerns about future developments in the reserve.

49

Apr 25

Airbus granted reprieve from Canadian sanctions on Russian titanium, sources say: Source says it came to Ottawa’s attention there were unforeseen effects of the ...

theglobeandmail.com/politics/article-airbus-granted-reprieve-from-canadian-sanctions-on-russian-titanium/

1

Apr 24

Montreal tenant forced to pay his landlord’s taxes offers advice to other renters

theglobeandmail.com/real-estate/article-montreal-tenant-forced-to-pay-his-landlords-taxes-offers-advice-to/

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1

NPR

B+

Apr 26

Dan Boeckner on his solo debut album, 'Boeckner!': Canadian musician Dan Boeckner, also known for his work with Wolf Parade, Handsome Furs and Divine Fits ...

npr.org/sections/world-cafe/2024/04/25/1246817587/dan-boeckner-on-his-solo-debut-album

48

Apr 20

500 Newfoundlanders went on same cruise by coincidence: The residents of the Atlantic Canadian province chased the same good deal online without prior planning.

bbc.co.uk/news/av/world-us-canada-68860064

1.2k

Apr 21

Portugal's Galp says field off Namibia could contain 10 bln barrels of oil: Portuguese oil company Galp Energia said on Sunday it had concluded the first phase ...

reuters.com/business/energy/portugals-galp-says-field-off-namibia-could-contain-10-bln-barrels-oil-2024-04-21/

30

Apr 20

'I will forget you,' she told a man she met while travelling. She never did and they found unexpected love

ctvnews.ca/lifestyle/i-will-forget-you-she-told-a-man-she-met-while-travelling-she-never-did-and-they-found-unexpected-love-1.6855095

60

Apr 24

Indigenous delegates say they are being left out of key talks on global plastic pollution treaty

theglobeandmail.com/politics/article-indigenous-delegates-say-they-are-being-left-out-of-key-talks-on/

1

Apr 23

Oil rises in early Asian trading, Middle East tensions remain in focus: Oil prices edged higher in early Asian trading on Tuesday, reversing losses from the ...

reuters.com/markets/commodities/oil-rises-early-asian-trading-middle-east-tensions-remain-focus-2024-04-23/

16

Apr 25

Tim Hortons to stage theatrical production called ‘The Last Timbit’ | Globalnews.ca

10

Apr 21

Unified, organized Jets have potential to end Canadian Cup drought: It’s not a stretch to think this Winnipeg Jets team can finally bring the Cup back over the ...

sportsnet.ca/nhl/unified-organized-jets-have-potential-to-end-canadian-cup-drought/

81

Apr 25

Michael Oren: FBI must investigate money trail behind campus antisemitic protests

jpost.com/international/article-798615

4

Apr 25

Is Tim Hortons behind the next great Canadian musical? The coffee chain is stepping into showbiz with a timbit-inspired production with Broadway stars

thestar.com/entertainment/stage/is-tim-hortons-behind-the-next-great-canadian-musical-the-coffee-chain-is-stepping-into/article_11fd6e20-030f-11ef-aa37-fb3d85d47212.html

0

Apr 20

A celebrity seal was moved 125 miles away. He showed up again days later.: Canadian wildlife officials relocated Emerson the elephant seal this month after his ...

washingtonpost.com/world/2024/04/19/emerson-elephant-seal-victoria-canada/

135

Apr 23

Australian reporter who covered Nijjar slaying faced visa issues with Indian government

theglobeandmail.com/politics/article-australian-reporter-who-covered-nijjar-slaying-faced-visa-issues-with/

0

Apr 25

Bombardier, Airbus get exemptions from Canadian sanctions on Russian titanium | Globalnews.ca

9

Apr 22

Why the rise in shoplifting? Blame our addiction to online shopping: Shoplifting has surged to an alarming level across Canada, industry insiders say

theglobeandmail.com/business/commentary/article-why-the-rise-in-shoplifting-blame-our-addiction-to-online-shopping/

2

Apr 23

Maxwell Frost on Earth Day calls Trump a ‘threat to our planet’: On Earth Day, progressive Democrat Maxwell Frost (Fla.) is calling former President Trump a ...

thehill.com/policy/energy-environment/4612862-maxwell-frost-earth-day-trump-climate-change/

15

Apr 23

Slide Over, Auntie: Young Chinese Find Tasty Meals in Senior Canteens: The community canteens, offering huge plates for a dollar or two, have become popular ...

nytimes.com/2024/04/23/business/shanghai-tongxinhui-community-canteen.html

46

Apr 23

Canadian Man Dies On Cuban Vacation, But Family Receives Wrong Body: The Jarjour family in Quebec is wondering why the remains of another man were shipped from ...

huffpost.com/entry/bc-cn-canada-cuba-wrong-body_n_6626eef6e4b04378c08b3026

26

Apr 22

Focus: As shale oil output slows, one deepwater port struggles for customers: As U.S. shale oil boomed last decade, an oil pipeline company pitched an ambitious ...

reuters.com/markets/commodities/shale-oil-gains-slow-deepwater-port-struggles-customers-2024-04-22/

11

Apr 23

Cindy Lee and me: How a mysterious 32-song album by a gender-bending Canadian artist took the music world by storm

thestar.com/entertainment/music/cindy-lee-and-me-how-a-mysterious-32-song-album-by-a-gender-bending-canadian/article_1ff038f2-00ab-11ef-a505-2395250520f6.html

0

Apr 19

Canadian visa delays: How students can improve chances of approval in September: Several students who attempted to secure Canadian student visas during the May ...

indianexpress.com/article/explained/canada-student-visa-delay-process-9279404/

4

Apr 22

'Burner charities': How Canadian dollars are flowing to Israel for decades

trtworld.com/magazine/burner-charities-how-canadian-dollars-are-flowing-to-israel-for-decades-17876072

22

Apr 19

Humanitarian worker who died in Gaza remembered as ‘Canadian hero’ | Globalnews.ca

39

Apr 19

Russia's Bashneft oil company installs anti-drone nets to protects refineries, says report

reuters.com/world/europe/russias-bashneft-protects-refineries-with-anti-drone-nets-ria-says-2024-04-19/

21

Apr 22

Turkey’s Erdogan heads to Iraq in rare state visit to discuss water, oil, security

2

Apr 23

China can't quit coal by 2040, researchers say, despite global climate goals: China's coal consumption will fall by just one-third by 2040, according to a report ...

reuters.com/world/china/china-cant-quit-coal-by-2040-researchers-say-despite-global-climate-goals-2024-04-23/

4

Apr 20

Cadence Weapon, whose new album arrives Friday, has carved out his own niche in Canadian hip-hop — ‘I’m not trendy. I’m the opposite’

thestar.com/entertainment/music/cadence-weapon-whose-new-album-arrives-friday-has-carved-out-his-own-niche-in-canadian/article_c9da643e-fe74-11ee-8626-0769027b0451.html

1

Apr 20

Where are the celebrity Canadian playwrights? Here are three plays that deserve to be contemporary classics

thestar.com/entertainment/stage/where-are-the-celebrity-canadian-playwrights-here-are-three-plays-that-deserve-to-be-contemporary/article_a7bce14c-f8d4-11ee-822d-4b6281654e5b.html

1

Apr 20

Russia Plans Anti-Drone Response After Recent Hits on Refineries: Russia is stepping up military training to counter drones after repeated UAV attacks in regions ...

bloomberg.com/news/articles/2024-04-20/russia-plans-anti-drone-response-after-recent-hits-on-refineries

4

Apr 21

Ukraine is ignoring US warnings to end drone operations inside Russia: Its superdrones can reach targets as far away as Siberia

economist.com/europe/2024/04/18/ukraine-is-ignoring-us-warnings-to-end-drone-operations-inside-russia

1

Apr 26

KPC takes over Kipevu oil terminal operations : Kenya Pipeline Company (KPC) has taken over operations and maintenance of the Sh40 billion Kipevu Oil Terminal 2.

businessdailyafrica.com/bd/corporate/companies/kpc-takes-over-kipevu-oil-terminal-operations--4601976

2

Apr 19

Michigan seeks comment on permit to increase Marathon refinery throughput: A Michigan regulator said this week it is seeking public comment on a proposed permit ...

reuters.com/markets/commodities/michigan-seeks-comment-permit-increase-marathon-refinery-throughput-2024-04-18/

10

Apr 19

Carbon rebate labelling in bank deposits fuelling confusion, minister says - National | Globalnews.ca

15

Apr 20

Brazil's Petrobras could decide dividend payout at shareholders meeting April 25: Brazil's state-run oil firm Petrobras said that a proposal to disburse up to ...

reuters.com/business/energy/brazils-petrobras-could-decide-dividend-payout-shareholders-meeting-april-25-2024-04-20/

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2 7

DEADLINE 20h

International Insider: ‘Baby Reindeer’s Unexpected Rise; Canadian Strike Nears; Bollywood & Politics

deadline.com/2024/04/international-insider-baby-reindeer-canada-writers-strike-1235895988/

Quick Glance: Analyzing Netflix's Hit Series 'Baby Reindeer'

Richard Gadd's dark comedy-thriller series 'Baby Reindeer' has become a social media sensation, tackling the issue of stalking in a compelling manner.

'Baby Reindeer' offers a nuanced and shocking perspective on stalking, contrasting with other portrayals like 'You' and delving deep into the psychological effects.

The series explores the psychological impact of stalking and trauma, blurring the lines between victim and perpetrator.

Despite not falling into the true crime genre, 'Baby Reindeer' is mistakenly viewed as such by some viewers, sparking discussions on ethical issues in the entertainment industry.

0

Apr 23

Keep scalp sweat at bay this summer with expert-approved tips: Scalp sweat can ruin a cute summer hairdo. Here are some expert-recommended tips to curb the scalp ...

vogue.in/content/keep-scalp-sweat-at-bay-this-summer-with-expert-approved-tips

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0

The Press and Journal

C

Apr 25

SNP-Green split: From 'happy day' to betrayal, north and north-east reacts to end of government coalition

pressandjournal.co.uk/fp/politics/scottish-politics/6445463/snp-green-split-north-east-highlands/

0

9h

Instead of Biden paying off student debt, let’s try this in higher education instead | Opinion

kansascity.com/opinion/the-point/article287986050.html

0

14h

TotalEnergies beats expectations despite lower gas prices: French energy giant TotalEnergies posted a 22% decline in first-quarter earnings ...

reuters.com/business/energy/totalenergies-q1-net-income-falls-22-lower-gas-prices-2024-04-26/

0

8h

Mexico's Pemex reverses proposed crude export cuts for May, sources say: Mexican state oil company Pemex is reversing crude exports cuts of at least 330 ...

reuters.com/business/energy/mexicos-pemex-reverses-proposed-crude-export-cuts-may-sources-say-2024-04-26/

Quick Glance: Pemex Reduces Debt, Increases Refining Output

Mexican state energy company Pemex reported a decrease in its financial debt to $101.5 billion at the end of the first quarter.

Despite a decline in production, Pemex saw an increase in processing at its six national refineries during the first quarter.

Pemex reported a net profit of 4.7 billion pesos, down 91.7% from the previous year, amid lower sales and higher costs.

Pemex's revenues amounted to 405.9 billion pesos, mainly impacted by a drop in crude prices.

0

Apr 26

Honda eyes $11 bil. investment to build new EV factories in Canada - The Mainichi

mainichi.jp/english/articles/20240426/p2g/00m/0bu/002000c

Quick Glance: Honda to Establish $11 Bln EV, Battery Plants in Canada

Honda plans to invest C$15 billion in new EV and battery production plants in Ontario alongside existing facilities to support the growth of North American demand for EVs.

Production is set to start by 2028, with an annual capacity of up to 240,000 EVs and 36 gigawatt-hours for batteries to achieve the goal of having all North American sales from Honda be either EVs or fuel cell vehicles by 2040.

The Canadian government and Ontario province intend to support Honda with around C$5 billion, with Honda contributing 60%-70% of the total investment to reduce costs by more than 20%.

Honda will also collaborate with companies like Asahi Kasei and POSCO to further lower production costs and strengthen the EV supply chain in Canada, leading to an increase in jobs and economic growth.

10 similar articles

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Last Updated	Mar 14
Total Articles	2

Canadian dollar edges higher as oil prices jump: