Canada burger chain A&W taps demand for hormone-free beef
A&W calls itself Canada’s second biggest burger chain with 791 outlets. It is separate from the U.S. restaurants that operate under the same name and it licenses the A&W trademarks from A&W Revenue Royalties Income Fund. A&W’s campaign comes as the way food is produced becomes an increasingly prominent issue for restaurants, grocers and consumers. Denver-based burrito chain Chipotle Mexican Grill Inc is one of the most well-known restaurant companies that uses organic ingredients and antibiotic-free meat when possible. “You see more and more companies trying to go that route,” said Steve West, a restaurant industry analyst at ITG, based in St. Louis. “We’ve seen hamburger chains in the past like Hardee’s and Jack In The Box realizing, ‘we can’t compete with McDonald’s and Burger King on this low-quality, cheap food – we’ve got to take it up a notch.'” Growth promotants help ranchers and feedlots raise more beef using less feed. The company has worked on its plan for 18 months, lining up suppliers in Canada, the United States and Australia. Senecal said A&W’s beef costs will climb, but it has no plans to raise burger prices. “I think we’ll get lots more customers and sell lots more burgers,” she said. But West said A&W will have to raise prices at some point to reflect its higher costs unless it’s willing to absorb a slimmer margin, which is unlikely.
Canada Pension Funds Eye Some BlackBerry Assets
Situated in an area known as the Flemish Pass basin, 500 kilometres (300 miles) off the coast of Newfoundland and Labrador, the discovery opens up a new frontier, one that oil majors Chevron and Royal Dutch Shell are also poised to probe. “For that region it’s certainly a significant find. Opening up a new area really lays the path down for growth in other parts of Newfoundland,” said Hugh Hopewell, senior analyst at Wood Mackenzie. While traditional drilling ventures have been overshadowed in recent years by the North American shale revolution and the booming Alberta oil sands, new frontiers like the Flemish Pass are adding to a growing consensus that the world is still flush with oil, even in areas long thought to be past their peak. Statoil’s nearby Mizzen find may contain up to 200 million barrels, and the Harpoon discovery, announced in January, is yet to be evaluated. The finds are modest compared to the multiple billions of barrels of oil now accessible thanks to horizontal drilling, hydraulic fracturing and oil sands development, but break the prevailing trend. Canada’s existing three offshore fields — clustered in the Jeanne d’Arc basin some 150 km to the southwest of the Flemish Pass basin — pumped just under 200,000 barrels per day in 2012, down from around 370,000 bpd at their peak in 2007. “When a discovery of this size is established, it’s most likely there will be others. Players in the industry who had the region on a back burner will start looking at it more seriously now,” said Fadel Gheit, oil analyst at Oppenheimer & Co. In its latest forecast the Canadian Association of Petroleum Producers (CAPP) had expected eastern Canadian production to fall to 90,000 bpd by 2030, after reaching 250,000 bpd in 2025. In the short-term, output will be aided by the 2017 start-up of ExxonMobil Corp’s Hebron field. NEXT UP Just how much oil is in the region will not be clear for years. Statoil said it may not be able to return to the region to drill more wells until 2015 because of rig availability; as rival drillers move in, it will be harder to get hold of the labour and winterized rigs essential to operate in the North Atlantic.
Canada Stocks Little Changed as Oil Producers, BlackBerry Gain
budget impasse that Canada comes out of this unscathed. You could see some very heavy losses in the TSX. The U.S. Senate voted to finance the government through Nov. 15, sending the bill to the House and setting up a weekend of negotiations and brinkmanship three days before federal spending authority runs out and a few weeks until the country reaches its borrowing limit. Destabilizing Effect President Barack Obama said in a televised statement that Congresss failure to approve funding would have a destabilizing effect on the economy. Democrats and Republicans cant agree on the inclusion of funds for Obamas health-care law in the bill. Energy stocks added 0.1 percent as a group, as six of 10 industries in the S&P/TSX rose. Trading volume was 20 percent below the 30-day average. Trilogy Energy soared 11 percent to C$28.80 after reporting an operating update for its Montney and Duvernay oil projects. The company said unexpected plant outages reduced third-quarter volumes to about 31,000 barrels of oil equivalent per day, and anticipates levels returning to normal in the fourth quarter. Athabasca Oil Corp.
23 phone interview. There is tremendous pressure on BlackBerry from those with a vested interest in destroying the company, Rivett said in an e-mail yesterday. We work well under pressure. Fairfax is comfortable with the group its currently working with and will reveal its partners after due diligence is completed, Rivett said. Asset Values BlackBerrys assets are probably worth about $2.8 billion excluding its cash reserves of $2.6 billion, said Steven Li, an analyst at Raymond James Ltd. in Toronto in a note to clients. That includes patents worth about $1.6 billion, its network of secure servers that may fetch $825 million and licenses worth about $400 million, said Li. The network of secure servers, which BlackBerry operates on behalf of its business clients, are sought after because they offer a level of security for e-mail transmissions that other devices cant provide. U.S. government agencies remain a customer of BlackBerry for that reason. BlackBerrys patent portfolio includes trademarks on smartphone designs and engineering as well as a share of 6,000 patents BlackBerry acquired, as part of a consortium, for $4.5 billion from bankrupt Nortel Networks Corp. in 2011.