Oilpatch CEOs support Indigenous bid for Trans Mountain

Some oilpatch CEOs are supporting a bid by Indigenous groups in Western Canada to purchase the Trans Mountain pipeline and the proposed expansion project. Indigenous leaders are in Calgary this week to find consensus on what type of ownership and management system would be ideal. The Indian Resources Council (IRC) is behind the potential bid […]

It’s never been a better time to find a new job — but do employers realize it?

Job prospects in Canada are the best they’ve been in decades, employment experts say, but many businesses seem to have missed the memo. According to an annual salary survey, 63 per cent of employers expect the flourishing economy to boost their bottom lines in 2019, but less than a quarter plan to raise salaries more than three per cent. About […]

Fed will be patient with rate hikes, Jerome Powell says

Federal Reserve Chairman Jerome Powell says the central bank will be “patient and flexible” in determining when to hike interest rates. Speaking to an audience in Washington, Powell delivered a message of relief to stock market investors who have seen volatile swings up and down since last month, when the central bank raised the top end of […]

Tilray stock jumps on collaboration agreement with Sandoz

Tilray Inc. shares jumped Tuesday after the B.C.-based company took another step to strengthen its medical marijuana business outside Canada through a new collaboration with Novartis pharmaceutical group’s Sandoz AG. “Tilray is a global company, and we’re thrilled to build upon the success and momentum from our existing agreement with Sandoz Canada by taking our […]

Airline passengers could be entitled to hefty compensation for delays, lost bags

Canadian travellers who are bumped from flights due to overbooking, or have to deal with lost or damaged luggage, could soon be eligible for hundreds of dollars in compensation. The Canadian Transportation Agency (CTA) outlined today a proposed new regulatory regime with specific financial entitlements for travellers. The proposed regulations include: A requirement for airlines to provide […]

CRTC says cheaper data-only plans on the way

The country’s three national wireless carriers have agreed to offer “broad range” data-only plans through their second- and third-tier brands, including $30-per-month plans with more megabytes than previously suggested, the industry’s federal regulator said Monday. The Canadian Radio-television and Telecommunications Commission ordered Bell, Rogers and Telus in March to come up with low-cost data-only plans to […]

Couche-Tard to swap U.S. convenience stores and gas stations with CrossAmerica

Alimentation Couche-Tard Inc. and CrossAmerica Partners LP have signed a deal to swap convenience and gas station assets in the United States. Under the agreement, Couche-Tard has agreed to sell 192 U.S. convenience and fuel retail stores to CrossAmerica, with an aggregate value of about $184.5 million US. Meanwhile, CrossAmerica has agreed to sell to […]

Ford government to recall legislature next week to introduce back-to-work bill for power workers

Ontario’s Progressive Conservative government will recall the legislature next week in order to enact back-to-work legislation to keep power workers on the job and prevent widespread outages, a government official has told CBC Toronto. Earlier Thursday, an official had said that the government was prepared to recall the legislature. By the afternoon, it was confirmed that […]

Some hard truths for Western politicians on Quebec, equalization and oil

It’s been open season on the Quebec government since it was revealed the province will be getting a $1.4-billion boost in its equalization payment next year. Western politicians in particular have cried foul. Saskatchewan Premier Scott Moe called Quebec’s allotment “problematic” in an interview with The Globe and Mail. Alberta’s finance minister, Joe Ceci, said it was […]

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 […]