CALGARY, Alberta (Reuters) - TransCanada Corp, Canada's No. 2 pipeline company, said on Friday the long wait for U.S. government approval of its controversial Keystone XL project will further delay completion of the pipeline and push its cost above the company's $5.3 billion estimate. TransCanada, which reported a 27 percent rise in first-quarter profit on Friday, is waiting for the Obama administration to issue a presidential permit for construction of the line, which is designed to carry 830,000 barrels a day of Canadian and U.S. crude oil to refineries on the Gulf of Mexico coast.
Shoppers Drug Mart says generic pricing to hit 2013 same-store sales
(Reuters) - Shoppers Drug Mart Corp, Canada's biggest pharmacy chain, said tightened pricing controls for generic drugs will push its 2013 pharmacy same-store sales outlook to the lower end of its previous guidance. The company had previously forecast pharmacy same-store sales growth of between 1.5 percent to 2.5 percent for 2013.
Louis Dreyfus to expand Canada canola plant
WINNIPEG, Manitoba (Reuters) - Louis Dreyfus Commodities will expand its Canadian canola-crushing plant capacity by 20 percent, adding to a rapid industry expansion to produce vegetable oil. Several of the company's rivals have already announced expansions at their own crush plants in Canada, the world's biggest grower and exporter of canola, as farm output increases.
Canada minister wants deportation review after train plot arrests
OTTAWA (Reuters) - Canada must review its deportation policy in light of a pardon that was granted to a Canadian resident once threatened with deportation and now accused in an alleged al Qaeda plot to derail a passenger train, a government minister said on Friday. Raed Jaser, one of two men charged in connection with the suspected plot, argued in a 2004 deportation hearing that Canada should not deport him because he was stateless and no country would take him in.
Shell Canada reports hazardous materials leak in Corunna refinery
(Reuters) - Royal Dutch Shell Plc's Shell Canada issued an alert for a hazardous materials leak at its 75,000 barrel-per-day Corunna refinery in Sarnia, Ontario, according to a notice on Sarnia-Lambton Network Alert System on Friday morning. "The site emergency warning system has been activated and Shell personnel are responding. The wind is from the Southeast at 8 km per hour," the notice said.
Canadian priest killed in snatch and grab shooting in Haiti
PORT-AU-PRINCE (Reuters) - A Canadian missionary was shot to death on Thursday as he left a bank in Haiti's capital, Port-au-Prince, according to authorities. The priest, Richard Joyal, 62, of Manitoba, was shot three times in the back by a man on a motorcycle who snatched a bag the priest was carrying, according to a police official.
Train plot suspect rejects Canadian law, cites "holy book"
TORONTO (Reuters) - One of two men accused in an alleged al Qaeda-backed plan to derail a passenger train in Canada appeared in court on Wednesday and disputed the authority of Canadian law to judge him, saying the criminal code was not a holy book. Chiheb Esseghaier, a Tunisian-born doctoral student, faces charges that include conspiracy to murder and working with a terrorist group.
Crude-by-rail no substitute for Keystone XL: energy minister
WASHINGTON (Reuters) - Using trains to move heavy crude oil out of Western Canada would be a poor alternative to the controversial Keystone XL pipeline, Canada's top energy official said on Wednesday, and a rail-only plan would likely dent future oil sands development. U.S. officials are weighing whether to approve construction of the proposed Keystone pipeline that could deliver as much as 830,000 barrels a day of mostly Canadian and some U.S. crude oil to refiners in Texas and Louisiana.
Metro profit triples on stake sale, warns of competition
(Reuters) - Metro Inc, Canada's No. 3 grocer, more than tripled quarterly earnings after selling part of a convenience store operator, but it warned of a "challenging" competitive environment. Metro and other Canadian supermarket chains face stern competition from Target Corp, the U.S. discount retailer, which opened its first three Canadian stores last month and plans to have more than 100 by the end of this year.
Canada resists Qatar bid to move civil aviation body ICAO from Montreal
OTTAWA (Reuters) - Canada is resisting a push by Qatar to move the headquarters of the International Civil Aviation Organization from Montreal to Doha, a government official said on Wednesday. Qatar proposed at a meeting with ICAO officials on Monday that organization leave Montreal, where it has been based since it was created as a U.N. agency since 1947, an ICAO spokesman said.
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