European stocks, banks gain after Brexit deal defeat while U.K. shares lag

British shares lagged Europe slightly on Wednesday after Prime Minister Theresa May’s resounding defeat in a parliamentary vote on her Brexit deal, but in the face of continuing political uncertainty investors focused on results and M&A news. A defeat had largely been priced in already, though its magnitude came as a surprise. Analysts and investors […]

Coal-fired plants shutting down, despite Trump’s promises

More U.S. coal-fired power plants were shut in President Donald Trump’s first two years than were retired in the whole of Barack Obama’s first term, despite the Republican administration’s efforts to prop up the industry to keep a campaign promise to coal-mining states. In total, more than 23,400 megawatts (MW) of coal-fired generation were shut […]

Fiat Chrysler agrees to U.S. diesel-emissions settlement worth $800M US

Fiat Chrysler Automobiles NV has agreed to a settlement worth about $800 million US to resolve claims from the U.S. Justice Department and state of California that it used illegal software that produced false results on diesel-emissions tests, according to court filings on Thursday. The settlement includes $311 million in total civil penalties, up to […]

Passenger bill of rights may let airlines ‘off the hook’ without an ombudsman: advocate

A consumer rights advocate is frustrated Canada’s proposed new air passenger bill of rights doesn’t include plans for an independent body that will review passenger complaints. Highlights of the proposed new regulations were released earlier this week. “The most polite thing I could say is that we’re disappointed in what is being produced. After all this […]

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 […]

Telecom mediator sees 57% spike in complaints in 2017-18, mainly about wireless

The federal watchdog that handles customer complaints about telecommunications and television services in Canada saw a 57 per cent spike in complaints in 2017-2018, most of them involving wireless providers. The Commission for Complaints for Telecom-Television Services said Tuesday that it also expects to see complaints rise this year. For the first time, the federal watchdog […]

Alberta may buy rail cars to increase oil transport capacity

Alberta Premier Rachel Notley says her government is continuing to push Ottawa to do more to facilitate transporting a greater volume of oil-by-rail until pipeline capacity increases and is considering buying trains to do it. “The bottom line, Ottawa needs to join Alberta to help ease the economic pain that Alberta played no part in causing but […]

Oilsands giant backs call for production cuts

The head of one of the country’s largest oilsands producers says Canada’s oil price woes are reaching an “emergency situation,” and on Wednesday saw his company’s call for production cuts echoed by a competitor.  Oil “is a provincial resource and… we’re giving it away for free,” Cenovus Energy CEO Alex Pourbaix said on CBC Calgary’s morning show, The Eyeopener. “Nobody is making money at this […]

The truth about teatoxes: Why health experts say this celeb-endorsed craze is unnecessary

It’s one of the latest celebrity-endorsed crazes sweeping social media: Teatoxing, the idea you can detoxify your body, reduce bloat, boost energy, burn stored fat and ultimately flatten your tummy — in part by drinking tea. But according to Health Canada, the sale of some of these popular brands — with catchy names like FlatTummy […]

Canadian GDP expanded by 0.1% in August

Statistics Canada says real gross domestic product edged up 0.1 per cent in August, the seventh consecutive month to see an increase. Thomson Reuters Eikon says economists had expected no change for the month. Growth in oil and gas extraction and the finance and insurance sector helped to more than offset declines in 12 of […]