EDMONTON - Stock markets charged higher Wednesday for a second straight day as bargain hunter moved in on hopes that the painful recent pullback has run its course.
Toronto’s lead index gained 224 points and the Dow Jones Industrial Average rose 121 points, helped by an uptick in oil prices, a rebound in China’s volatile stock market, and signs that U.S. economic growth is picking up.
In addition to $350mill Towsend gas plant in NE BC, company adding a $100mill fractionation facility worth at Fort St. John. THE North East region of BC is really heating up
“On the growth front, we are well on our way to provide producers with a solution to weak liquids prices,” said chairman and chief executive David Cornhill on a conference call to discuss second-quarter results.
He said the Calgary-based company could invest over $1 billion over the next two years in B.C., including the liquefied petroleum gas (LPG) plant on the coast, the new fractionation facility worth about $100 million at Fort St. John and its previously announced $350-million Townsend gas plant in northeastern B.C., along with associated pipelines.
Abbotsford-Mission to see some of Canada’s highest economic growth this year: Conference Board
Abbotsford-Mission can expect healthy economic growth this year and for the following four years, according to a Conference Board of Canada study on medium-sized metropolitan economies released July 22.