05:25 PM EST - Petro-Canada : will carry on with early engineering work on $15 billion worth of new oilsands projects, despite the Alberta government's plan to boost energy royalties by the end of the decade. That news came as an anticipated selloff in oil & gas stocks on the Toronto stock market failed to materialize in the wake of Alberta's controversial royalty increase, set to begin in 2009. Petro-Canada
shares T.PCA are trading up 9 cents at $53.09.
