U.S. faces deadline to extradite Huawei exec from Canada

U.S. authorities are facing a key deadline at the end of the month to formally request the extradition of Huawei executive Meng Wanzhou from Canada to the United States. On Friday, a spokesperson for Canada’s Justice Department said the U.S. had yet to file the required paperwork in the Meng case and stated the Americans […]

Forecasters expect energy market volatility to continue in 2019

Some energy experts are predicting even more volatility in 2019 with respect to the financial markets. More than 1,000 people gathered at the 42nd annual Forecaster Dinner at the Telus Convention Centre in Calgary on Thursday, “I’m not going to sugar coat it — we are going to have less investment in Western Canada than we’ve […]

Jane Philpott tapped to fill Treasury Board cabinet vacancy

Indigenous Services Minister Jane Philpott has been chosen to fill the cabinet vacancy as president of the Treasury Board, CBC News has learned. Prime Minister Justin Trudeau will shake up his cabinet Monday morning, likely the last change before Canadians head to polls later this year.  Liberal sources also said Veterans Affairs Minister Seamus O’Regan would be moved to replace […]

Alberta Energy Regulator executive found billing for travel from B.C. residence

A second executive with the Alberta Energy Regulator is billing the organization for travel expenses because the person is living in B.C. The AER tells CBC News its board of directors wasn’t aware of the situation. The AER is the single regulator of energy development in Alberta — from application and exploration, to construction and operation, to decommissioning, closure and […]

Rental vacancy rate dips to 2.4% across Canada, CMHC says

Canada’s overall vacancy rate dropped for a second year in a row, as demand for rental housing grew at a faster pace than supply, according to the Canada Mortgage Housing Corp. In its annual rental market survey, the housing agency says in 2018, the vacancy rate across the country was 2.4 per cent, down from […]

Samsung apologizes for illnesses at chip, liquid display factories

Samsung Electronics apologized Friday for illnesses and deaths of some of its workers, saying it failed to create a safe working environment at its computer chip and display factories. The announcement by the South Korean technology giant came weeks after the company and a group representing ailing Samsung workers agreed to accept compensation terms suggested […]

Lowe’s closing 31 locations including Rona stores in Canada, 20 in U.S.

Home improvement retailer Lowe’s is closing a total of 31 locations, including 27 underperforming Lowe’s and Rona stores in British Columbia, Alberta, Ontario, Quebec, and Newfoundland and Labrador, and 20 locations in the U.S. The North Carolina-based chain said Monday morning that the closures are “part of its ongoing strategic reassessment” of its business. Most are in […]

Oilsands companies pull back on production as ‘crisis’ hits sector

With no immediate relief in sight from a collapse in Canadian oil prices, Alberta oilsands companies are beginning to turn down the taps and produce less oil. Low prices for Canadian crude are causing a chill throughout the industry — from the oil majors, to the small service companies. Cenovus announced on Wednesday it would limit its oil […]

Canada’s sprint to ratify sets up Trans-Pacific trade deal to take effect this year

A wide-ranging trade agreement between 11 Pacific Rim countries is on track to take effect before the end of 2018, following formal notice of Canada’s ratification last Saturday and indications from Australia that it will do the same this week. The Comprehensive and Progressive Trans-Pacific Partnership — a revised version of the 12-country Trans-Pacific Partnership (TPP) deal struck following the withdrawal […]