Global refinery market weakness hits Parkland Corp.'s Burnaby refinery
Fuel retailer Parkland Corp. has lowered its full-year earnings forecast as sluggish market conditions continue to take a bite out of margins at the company's Burnaby, B.C. refinery. The Calgary-headquartered company is experiencing similar challenges to refiners worldwide, as the industry deals with a glut of fuel supply and weak global economic conditions that have reduced demand. On a conference call to discuss the company's third-quarter financial results Thursday, CEO Bob Espey said adjuste
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