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National Business

Natural gas producer Peyto Exploration shares fall on dividend and spending cuts

CALGARY — Shares in Peyto Exploration and Development Corp. fell by as much as 15 per cent after it said it would cut its dividend and capital spending due to low natural gas prices in Western Canada.

Statistics Canada says release of trade data delayed due to U.S. shutdown

OTTAWA — Statistics Canada says it will not publish international merchandise trade statistics for December as scheduled on Feb. 5 due to the U.S. government shutdown. The agency says it uses U.S.
Ford Canada names Dean Stoneley as new president and chief executive

Ford Canada names Dean Stoneley as new president and chief executive

OAKVILLE, Ont. — Ford Motor Co. of Canada Ltd. has named Dean Stoneley as its next president and chief executive. Stoneley replaces Mark Buzzell, who is moving to be director of North American fleet, lease and remarketing operations at Ford Motor Co.
Petrochemical growth spurt expected despite rising desire for fewer plastics

Petrochemical growth spurt expected despite rising desire for fewer plastics

CALGARY — Canada's slow-growing petrochemical industry is headed for its biggest surge of expansion spending in five years in 2019, thanks in large part to incentive programs by federal and provincial governments.
Number of federal workers seeking US jobless aid doubles

Number of federal workers seeking US jobless aid doubles

WASHINGTON — The number of furloughed federal employees seeking unemployment benefits jumped in the first two weeks of the shutdown, topping 10,000 during the week of Jan. 5.

Commuter's 'delay scarf' bought by German train company

BERLIN — Germany's biggest rail company, under fire for its unpunctual service, is trying to mollify one disgruntled commuter by buying her "delay scarf.
China says economy czar to visit Washington for trade talks

China says economy czar to visit Washington for trade talks

BEIJING — In a possible sign of progress toward ending a costly tariff war over Beijing's technology ambitions, the top U.S. and Chinese trade envoys will hold talks in Washington later this month.
John Bogle, founder of Vanguard, dies at 89

John Bogle, founder of Vanguard, dies at 89

VALLEY FORGE, Pa. — John C. Bogle, who simplified investing for the masses by launching the first index mutual fund and founded Vanguard Group, died Wednesday, the company said. He was 89.
Wait until Trans Mountain pipe built before buying in, Indigenous investors told

Wait until Trans Mountain pipe built before buying in, Indigenous investors told

CALGARY — Indigenous communities interested in taking an equity stake in the Trans Mountain pipeline should wait until after its controversial expansion is built to avoid risk, says Barrie Robb, a principal with Fivars Consulting Ltd. of Calgary.
Kinder Morgan Canada revenue for pared-back assets climb, distributes windfall

Kinder Morgan Canada revenue for pared-back assets climb, distributes windfall

CALGARY — Kinder Morgan Canada Ltd. says earnings from its significantly pared-back assets climbed 80 per cent in the fourth quarter compared with a year earlier.