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Press Releases

RPT-Firefighters protect Canada's oil sands battling 1,100 C flames

EDMONTON/ CALGARY, Alberta, May 24-. Dozens of safety workers and industrial firefighters are working at places like Syncrude and Suncor Energy's upgrading facilities north of Fort McMurray surrounded by flames burning to the edges of the oil sands, facing temperatures running as high as 1,100 Celsius. Firefighters do not measure forest fires by temperature,...

Source: Reuters

Tracking consumer stress index: Sonders

Liz Ann Sonders, Charles Schwab, shares her outlook on the consumer. Consumers are smarter and more conservative, says Sonders, weighing in on consumer trends.


Bright spots in retail

Discussing consumer spending patterns, and the outlook for the retail sector, with Liz Dunn, Talmage Advisors CEO.


Canadian oil workers prepare for air commutes after wildfire

EDMONTON, Alberta/ NEW YORK, May 12- Fort McMurray residents Tony Bussey and Barritt Wilson are among the fortunate of those who live in the Alberta town ravaged by wildfire- both of their homes are fine. Last week, fire raged unchecked through the Canadian city of Fort McMurray, leading to a full evacuation, with many losing their homes and having to rebuild from...

Source: Reuters

UPDATE 1-Canadian oilfield workers readying return after wildfire

Meanwhile, the premier of the province of Alberta and the head of the Canadian Red Cross announced that residents of Fort McMurray, the oil-boom town that was evacuated last week because of the fire, would be offered direct financial aid. Smith said they would be flown to Suncor's Firebag site, about 120 km north of Fort McMurray, and transported by bus to the base...

Source: Reuters

Temporary housing 1st step as wildfire-ravaged Fort McMurray recovers

FORT MCMURRAY/ LAC LA BICHE, Alberta, May 11- R econstructing Fort McMurray will be easier than first feared since much of the city's critical infrastructure remains intact but the once booming oil town will be smaller than before, according to its mayor. Fort McMurray Mayor Melissa Blake said the fire is a chance to "right size" the city after the energy slump left it...

Source: Reuters

Oil sands restarts in focus as Canada wildfire threat eases

EDMONTON, Alberta, May 11- Market participants are closely watching on Wednesday for the prospect of further restarts by Canadian oil sands producers near wildfire-ravaged Fort McMurray as some companies began slowly bringing operations back online. Facilities north of the one-time Alberta boomtown that had been shuttered largely because of heavy smoke...

Source: Reuters

UPDATE 4-Canada vows years-long effort to rebuild fire-struck town

Prime Minister Justin Trudeau said the national government was working with local officials and businesses to get a better handle on the damage in Fort McMurray, whose 88,000 residents evacuated following the start of the fire on May 1. "We will support and invest in rebuilding Fort McMurray in a broad range of ways in the coming days, weeks, months and yes, years," he...

Source: Reuters

Rough outlook for retail

Discussing the department store and retail space with Jan Kniffen, J. Rogers Kniffen Worldwide Enterprises CEO and CNBC Contributor; Matthew Boss, JPMorgan Equity Research Analyst for Department Stores & Specialty Softlines; and Liz Dunn, Talmage Advisors Founder & CEO.


UPDATE 2-Alberta officials to inspect town ravaged by Canadian wildfire

Alberta's premiere, Rachel Notley, was set to lead local officials and media on an inspection of oil sands boomtown Fort McMurray, whose 88,000 inhabitants barely had time to flee the blaze that broke out on May 1. Temperatures cooled on Monday, with a forecast high of 10 C, down from Sunday's high of 17 C, with Environment Canada forecasting a 40 percent chance of...

Source: Reuters