Take stock -September 21

The Conference Board of Canada says the country’s natural gas output will fall over the next five years, mainly due to continuing declines in Alberta.

Natural gas output to fall

The Conference Board of Canada says the country’s natural gas output will fall over the next five years, mainly due to continuing declines in Alberta.

The Ottawa-based economic forecaster says Alberta’s gas production is projected to fall by up to 20 per cent between 2010 and 2015. It says large increases of gas from British Columbia and a new offshore site off Nova Scotia’s coast will slow the decline, but the downward trend will continue. Canada currently represents 20 per cent of North American natural gas production, down from 25 per cent five years ago. The Conference Board says drilling activity in Alberta will rise moderately over the next five years but not enough to offset declines in that province.


Tim Hortons makes first true export

Tim Hortons’ new Dubai location represents “the first true export of the brand,” CEO Paul House said Tuesday, but even after the outlet opened its doors to crowds of Canadian expatriates, the chain is not rushing toward a global presence. “It’s a historic moment,” House said of the Dubai “cafe and bake shop” opened Saturday, which generated online buzz among homesick Canadians who waited in long lineups to seek out the trademark double double. “We have got some smaller self-serve operations in Ireland but this is what I believe is our first true export of the brand.” “We’ve had every Canadian there so far,” House said.

Though the chain has already opened extensive operations in the U.S., self-serve kiosks in the U.K., and a temporary location at the Kandahar Airfield for troops in Afghanistan, the Dubai store is its first full-serve restaurant outside of North America.