Canadian Solar subsidiary Recurrent Energy signed a 100-MW in new solar power purchase agreement with Peninsula Clean Energy for Kings County, California. The agreement is through the Mustang Two Photovoltaic Project.
US Oil Rigs and Canada Rise Baker Hughes Shows
US oil rigs keep motoring along, Bakers Hughes oil rig count rose 3 to 768 much to the chagrin of OPEC. With oil stable around $50 shale projects keep producing as U.S. exports continue to rise.
TransCanada $TRP Earnings Boost From U.S. Pipelines
Canadian gas pipeline giant TransCanada $TRP released better than expected second quarter 2017 financial results on Friday on Natural Gas and Liquids pipelines revenue boosts.
Husky Energy Reports Smaller Loss With Rising Oil Production
Husky Energy (HSE), one of Canada’s largest integrated energy companies, reported it’s second quarter 2017 earnings on Friday. Higher oil prices and increased in production enabled HSE to report a smaller loss.
Canadian Inflation Weakest Since 2015, Retail Sales Beat
Canadian inflation continues weak as Bank of Canada Chief Poloz addressed as being the result of temporary measures this week. Headline inflation is the lowest since Oct 2015, on the core there is some strength.
Rogers Communications Earnings Beat on IoT, Revenue Lags $RCI
Canada’s largest integrated telecom operator Rogers Communications $RCI reported mixed earnings Thursday for Q2 2017. Bottom line beat consensus estimates but revenue missed. The Internet of Things Boosted Result.