Robb M Stewart

Canada

Reporter at Dow Jones Newswires

Scribbling for Dow Jones Newswires and The Wall Street Journal. UPI, Canadian Press alum.

Articles

Canadian Natural Selling Control of Gas Plant to Secure Approval for Schlumberger Deal

1 week ago | tradingview.com | Robb M Stewart

Canadian Natural Selling Control of Gas Plant to Secure Approval for Schlumberger DealCNQCanadian Natural Resources agreed to sell majority control of a natural gas processing plant in Alberta to secure antitrust clearance for its proposed acquisition of Schlumberger's stake in a joint venture operation that includes control of 15 processing plants in the province.
Canada Retail Sales Retreat After 0.3% Rise in April - 2nd Update

1 week ago | tradingview.com | Robb M Stewart

Canada Retail Sales Retreat After 0.3% Rise in April — 2nd UpdateCARSMMOTTAWA--The stresses of trade tensions and uncertainty are squeezing Canadians, with retail spending looking to have been reined in sharply in May after sales were buoyed in prior months by efforts to get ahead of tariff-induced price increasesAn advance tally of retail receipts indicates sales in May dropped 1.1% from the month before, Statistics Canada said Friday.
Canada Retail Sales Retreat After 0.3% Rise in April - Update

1 week ago | morningstar.com | Robb M Stewart

By Robb M. Stewart OTTAWA--Canadians look to have cut back sharply on their shopping last month, a sign retailing in the country is being squeezed by heightened trade tensions and higher tariffs. An advance tally of retail receipts indicates sales dropped 1.1% in May, Statistics Canada said Friday.
Keyera Deal for Certain Plains NGL Assets Widens Reach, CEO Says

1 week ago | wsj.com | Robb M Stewart

Keyera’s KEY -1.53%decrease; red down pointing triangle deal for Plains All American Pipeline’s PAA 3.78%increase; green up pointing triangle natural gas liquids business in Canada will bolster the energy-infrastructure company’s scale and widen its reach into Eastern Canada, while bringing flexibility in market access and driving growth, according to Keyera Chief Executive Dean Setoguchi.
Justice Department Orders Safran to Sell Assets to Proceed with Buy of Collins Aerospace Business

1 week ago | tradingview.com | Robb M Stewart

Justice Department Orders Safran to Sell Assets to Proceed with Buy of Collins Aerospace BusinessSAFThe U.S. Justice Department signaled that it will green-light Safran's planned $1.8 billion acquisition of Collins Aerospace's actuation and flight control business from RTX Corp. if the French aerospace supplier offloads North American operations providing critical flight control components.
Canada Existing Home Sales Rise 3.6% in May, First Advance Since November - Update

1 week ago | tradingview.com | Robb M Stewart

OTTAWA--Home resales in Canada rose in May for the first time in half a year, a possible sign of returning confidence among homebuyers who have been hesitant to commit amid the uncertainty caused by the Trump administration's levying of import tariffs. National sales of existing homes rose 3.6% from the previous month, the Canadian Real Estate Association said Monday. Still, activity on a nonadjusted basis was about 4.3% below year-earlier levels.
Canada Existing Home Sales Rise 3.6% in May, First Advance Since November

1 week ago | tradingview.com | Robb M Stewart

Canada Existing Home Sales Rise 3.6% in May, First Advance Since NovemberOTTAWA--Home resales in Canada rose in May for the first time in half a year, a possible sign of returning confidence among homebuyers who have been hesitant to commit amid the uncertainty caused by the Trump administration's levying of import tariffs. National sales of existing homes rose 3.6% from the previous month, the Canadian Real Estate Association said Monday.
Canada Housing Starts Dip 0.2% in May to 279,510

1 week ago | tradingview.com | Robb M Stewart

Canada Housing Starts Dip 0.2% in May to 279,510CAHSTOTTAWA--Canadian housing starts dipped in May as weakness in the condominium market in Toronto and on the west coast in Vancouver, British Columbia, countered increases in single detached homes in Quebec and the Prairie provinces. Housing starts across Canada came in at a seasonally adjusted annualized rate of 279,510 units, representing a 0.2% decline from the month before, Canada Mortgage and Housing Corp. said Monday.
Eaton to Buy Ultra PCS for $1.55 Billion

1 week ago | tradingview.com | Robb M Stewart

Eaton to Buy Ultra PCS for $1.55 BillionETNEaton signed an agreement to buy Ultra PCS from Cobham Ultra in a $1.55 billion deal aimed at expanding the power-management company's position in fast-growing aerospace markets.
Canada Unemployment Rate Edges Up to 7% in May

3 weeks ago | wsj.com | Robb M Stewart

Employers added a modest 8,800 jobs for the month, roughly matching the pace seen the month beforeOTTAWA–The trade war with the U.S. is taking its toll on Canada’s labor market, though pockets of resilience point to softness rather than a collapse, even if finding work is becoming tougher. Employers in the country added a modest 8,800 jobs in May, Statistics Canada said Friday.