How China’s electric car push is shaking up oil markets

Hello, folks! This is our weekly newsletter on all things environmental, where we highlight trends and solutions that are moving us to a more sustainable world. (Sign up here to get it in your inbox every Thursday.) This is the first issue of 2019. The year ahead promises a lot of movement on the environmental front. Let’s dig in… […]

Concerns of oversupply, slower global economy weigh on oil prices

Concern that there’s too much oil for a slowing global economy sent a tremor through oil markets Tuesday, as the benchmark price for North American crude fell more than seven per cent to its lowest level since the summer of 2017.  Benchmark U.S. crude plunged to $46.24 a barrel in New York. Brent crude, used to price […]

TransCanada sells U.S. power plant in Arizona to Southwest Generation for $623M

TransCanada Corp. has signed a deal to sell its Coolidge Generating Station in Arizona to a subsidiary of Southwest Generation Operating Co. LLC for $623 million. TransCanada chief executive Russ Girling says the sale, worth $465 million U.S., is part of a plan to help fund the company’s capital spending program. The 575-megawatt natural gas-fired power in […]

Cannabis legalization voted Canadian Press’s business story of the year

Canada’s trailblazing move to legalize cannabis for recreational use, which sparked an entirely new industry and had wide-ranging implications for nearly every facet of society, has been voted The Canadian Press business news story of the year. The term “disruption” in business has become so overused that it has become an empty cliché, but it […]

Canada Goose shares slump another 4% after chain delays Beijing store launch

Shares in Canada Goose were slumping on Friday after the iconic parka maker delayed opening its first permanent store in mainland China, a move that comes amid a growing anti-Canadian backlash in that country. The company’s TSX-listed shares were off almost five per cent to $69.72 near midday on Friday, the seventh day out of the […]

Canada’s relationship with Trump reaches a ‘new level of frustration’ over Huawei comments

Canada’s relationship with Donald Trump has reached a “new level of frustration” after the U.S. president’s comments this week on the arrest of Huawei’s chief financial officer, says a senior source. Canada recently detained the chief financial officer of the Chinese telecommunications firm Huawei, Meng Wanzhou, on an extradition request from the U.S. She has been released on […]

Hydro One takeover of Avista scrapped by Washington state regulators over political interference

Washington state regulators say they have denied Hydro One Ltd.’s proposed takeover of Avista Corp., citing political interference in the Ontario utility by the Doug Ford government. The Washington Utilities and Transportation Commission says it found the deal, which valued Avista at $6.7 billion, to not be in the public interest after it became clear […]

G20 shows steady rise of Chinese clout and fraying U.S. ties in Latin America

It took only minutes for Argentine officials to react to the White House’s version of what was said in the meeting between U.S. President Donald Trump and his G20 host Mauricio Macri: the Americans weren’t reporting the discussion accurately. It was spokesperson Sarah Huckabee Sanders who had described the bilateral talks in terms sure to […]

Fall economic statement sets target of 50 per cent export growth by 2025

Finance Minister Bill Morneau’s Fall Economic Statement puts more money where the Trudeau government’s mouth is on its trade diversification strategy, in an attempt to nudge more businesses into pursuing export markets beyond the United States. A new export diversification strategy allocates $1.1 billion over the next six fiscal years, starting in 2018-19, to improve […]

Money for change: Sustainable investing hits the big time

New numbers in Canada and the United States show that sustainable investing is no longer a niche trend, but rather has become a powerful force in money management that won’t be ignored. A new report from the Forum on Sustainable and Responsible Investment in the U.S. recently calculated that almost $12 trillion US is currently […]