Casino payouts reach $100 million in Brantford

Casino funds have made a big difference in Brantford over the years, says Mayor Kevin Davis. Total payouts received by the city over the past 25 years has reached a milestone of $100,000,000 from the Ontario Lottery and Gaming Corporation. “The city has proudly re-invested these funds through annual contributions to support the efforts of […]

Chevron Sells Canadian Assets For $6.5 Billion

U.S. oil major Chevron (CVX) has sold some of its Alberta oil sands assets to Canadian Natural Resources (CNQ) for $6.5 billion. The sale concerns Chevron’s 20% interest in the Athabasca Oil Sands Project and a 70% holding in the Duvernay shale project, both located in Alberta. The all-cash sale is expected to close by year’s end, according to Chevron. The asset sale comes as Chevron focuses its growth on the Permian basin in Texas and the Tengiz oil field in Kazakhstan, where a $48.5 billion U.S. expansion is almost completed. Chevron is also in the process of buying Hess Corp. (HES) for $…