Cost to twin Trans Mountain pipeline now $1.9B higher, Kinder Morgan says

Kinder Morgan Canada documents say expanding the Trans Mountain pipeline will cost the federal government an additional $1.9 billion beyond the company’s original construction estimate, and will take another year to complete. The figure is included in documents Kinder Morgan Canada filed Tuesday with the United States Security and Exchange Commission related to the company’s […]

Saputo profit falls as various factors combine to offset higher revenue

Saputo Inc. says its first-quarter profit was down from the same time last year as a result of numerous negative factors including the cost of acquisitions, operating costs, currency fluctuations and prices for some of its products. The Montreal-based company is Canada’s largest cheese maker and one of the largest in the world, with major […]

WestJet dispatchers seek to unionize

Flight dispatchers at WestJet are the latest group of employees at the airline seeking to join a union. The Canadian Airline Dispatchers Association (CALDA) said in a release that they have filed an application with the Canada Industrial Relations Board to represent dispatchers at the carrier. “As WestJet continues to grow and evolve, WestJet flight […]

Bausch Health posts $873M US quarterly loss linked to tax cost, asset impairments

Bausch Health Companies Inc. posted a net loss of $873 million US in the second quarter as the company formerly known as Valeant Pharmaceuticals experienced a bigger operating loss and a bigger provision for income taxes than last year. The company, which reports in U.S. currency, says it recorded a $138 million provision for income […]

An attempt to understand Canada’s inheritance tax backlash: Don Pittis

Anyone who thinks the CBC does not serve conservative-leaning Canadians should look at the comments for a recent online story about inheritance taxes. The article was based on a report about the wide gulf between rich and poor issued by the left-leaning Canadian Centre for Policy Alternatives think-tank. The report suggested the lack of an inheritance tax in this country makes […]

Stocks in U.S. lift on strong earnings as trade fight caps gains

Stock markets lifted on Monday after strong corporate earnings helped Wall Street close higher, but a tariff dispute between the United States and China limited gains in equities while boosting the dollar and helping keep Treasury yields lower. Sterling dropped to an 11-month low after the British trade minister warned that the nation was headed […]

Alex Jones’ Infowars content removed from Apple, Facebook, YouTube and Spotify

Apple Inc, YouTube, Facebook Inc and Spotify all took down podcasts and channels from U.S. conspiracy theorist Alex Jones, saying on Monday that the Infowars author had broken community standards. The sweeping moves are the broadest actions yet by internet companies that have suspended or removed some of the conspiracy-driven content. Since founding Infowars in […]

Canada to review auto emissions rules as U.S. moves to roll back requirements

Canada will review the joint vehicle emissions standards it has with the United States before it decides what to do about the U.S.’s plan to weaken those standards in the coming years. Environment Minister Catherine McKenna will unveil a discussion paper as early as Tuesday to kickstart that review, just days after the White House […]

Saudi Arabia freezes new trade, investment after Canada demands activists be freed

Saudi Arabia said on Sunday that it is ordering Canada’s ambassador to leave the country and freezing all new trade and investment transactions with Canada in a spat over human rights. “We consider the Canadian ambassador to the Kingdom of Saudi Arabia persona non grata and order him to leave within the next 24 hours,” […]