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NEB says oil prices likely to remain about US$75-$80 a barrel this winter

The Canadian Press - 44 minutes ago

CALGARY - The National Energy Board sees a bit of a mixed bag when it comes to home heating costs this winter.

  • Billionaire investor Warren Buffett, pictured in 2008, said Tuesday his Berkshire Hathaway company will purchase Burlington Northern railway for 44 billion dollars, calling the move a 'huge bet' on the American rail system. Photo:Michael Buckner/AFP
    Warren Buffett's Berkshire to buy railroad AFP - 32 minutes ago

    WASHINGTON (AFP) - Warren Buffett unveiled Tuesday a deal to take over Burlington Northern Santa Fe, one of the largest rail operators in North America, calling it a huge bet on the future of the US economy.

  • A map of Sudan showing the north-south boundary and the country's oil fields. US envoy Scott Gration was shuttling between rival Sudanese leaders on Tuesday in a bid to resolve a row over rules for a promised vote on independence for the south that threatens to derail nationwide elections. Photo:/AFP
    Oil rises as Federal Reserve begins two-day meeting on interest rates The Canadian Press - 34 minutes ago

    Oil prices rose Tuesday as the Federal Reserve began a two-day policy meeting on interest rates.

  • The Ford logo is displayed on the grill of a new Ford truck in Richmond, California. US automakers saw mixed sales results in October, with General Motors and Ford Motor Co. improving and rival Chrysler suffering a sharp drop, company figures showed Tuesday. Photo:Justin Sullivan/AFP
    US automakers see mixed October sales AFP - 47 minutes ago

    WASHINGTON (AFP) - US automakers saw mixed sales results in October, with General Motors and Ford Motor Co. improving and rival Chrysler suffering a sharp drop, company figures showed Tuesday.

  • Ford's closure of Ontario assembly plant to affect thousands of spinoff jobs The Canadian Press - 51 minutes ago

    TORONTO - The impact of the closure of a Ford assembly plant in southwestern Ontario will extend far beyond the plant itself, costing the region thousands of spinoff jobs and millions of dollars in tax revenue, according to union officials and local politicians.

  • Imperial Oil CEO "dismayed" by Mackenzie reports Reuters - 56 minutes ago

    CALGARY, Alberta (Reuters) - Ottawa has said nothing to sway Imperial Oil Ltd from plans for the Mackenzie Valley gas pipeline, despite a media report that appeared to cast the C$16.2 billion ($15.1 billion) project into more doubt, Imperial's chief executive said on Tuesday.


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