Take Stock – June 19

Canada has become a nation of home owners, according to the Bank of Nova Scotia. A new Scotiabank report says a record 68.4 per cent of Canadian households owned their homes in 2006 and the number liked edged up even further in 2007.

More Canadians buying a second home

Canada has become a nation of home owners, according to the Bank of Nova Scotia. A new Scotiabank report says a record 68.4 per cent of Canadian households owned their homes in 2006 and the number liked edged up even further in 2007. That is a significant increase from the 63.6 per cent that owned their own homes a decade earlier. As well, nine per cent of Canadian households now own a second home, such as a cottage, resort condominium or other vacation residence, up from seven per cent in 1999.


Energy board releases oil leak report

The Energy Resources Conservation Board has released its report into a sweet oil leak that killed 200 birds in southern Alberta last fall. The report says the leak occurred because a cement plug failed and the Calgary-based company that licensed the well hadn’t installed a wellhead. The site at CFB Suffield was already considered suspended when up to 60 barrels of heavy oil and salt water leaked out last September. The energy conservation board says Harvest Operations Corp. has since installed a wellhead. Harvest and other operators have also been ordered to check all suspended wells to make sure they meet energy board requirements.


New venue approved for Encana Trial

A judge has approved a change of venue for a trial on federal wildlife charges against EnCana Corp. (TSC:ECA) It is accused of installing 300 metres of pipeline in March 2005 through the Suffield National Wildlife Area on CFB Suffield in southern Alberta. The area has been recognized for more than three decades as a sensitive habitat. The trial was supposed to be held in Medicine Hat, but the judge agreed to move it to Calgary where most of the witnesses live. Encana is next to be in court — in Calgary — on July 10 to set a trial date.


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