The unintended consequences of Alberta’s mandatory oil production cut

One of Canada’s largest oil companies is listing a series of potential pitfalls from the Alberta government’s decision to impose a mandatory cut to oil production in the province. On Friday, as part of its announcement of 2019 capital spending, Suncor outlined how the production cut could negatively impact the company. While the majority of the oilpatch […]

Enbridge pipeline foes look past regulators after another loss in Minnesota

Opponents of Enbridge Energy’s proposed Line 3 crude oil pipeline replacement are turning their attention to fighting the project on other fronts after a Minnesota regulatory panel took one of its final steps Thursday and reaffirmed its approval of the project. The Public Utilities Commission unanimously rejected petitions by environmental and Native American groups that […]

Apple to open $1B campus in Austin, Texas

Apple will build a $1 billion campus in Austin, Texas, break ground on smaller locations in Seattle, San Diego and Culver City, California, and over the next three years will expand in Pittsburgh, New York and Colorado. The tech giant said Thursday that the new campus in Austin, less than a mile from existing Apple […]

Canada ‘not surprised’ Trump taking risky move in order to ratify new NAFTA

Any relief Canadian officials felt over Friday’s signing of NAFTA may fade away, as U.S. President Donald Trump announced he’s taking a risky all-or-nothing approach to getting the new trade pact ratified by Congress. As he left the G20 summit in Buenos Aires, Trump told reporters on board Air Force One that he plans to […]

Rogers sells MoneySense to Ratehub.ca

Rogers Communications Inc. has sold online personal finance magazine MoneySense to Toronto-based fintech company Ratehub.ca for an undisclosed sum. Ratehub’s core product is a rate-comparing tool that gives the site’s readers recommendations about various financial products. More than 5 million Canadians visit the site every year, the company says. Ratehub was founded in 2010 and grew slowly until receiving […]

Lack of Romaine lettuce recall leaves grocers in a lurch

Grocery chains across Canada moved quickly to take Romaine lettuce that could be contaminated with E. coli off their shelves on Wednesday. But the lack of a formal recall notice for the product has made things more difficult by muddying the waters of who will pay for all that wasted food. Health authorities in the U.S. and Canada […]

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 […]

Abbott Nutrition recalls meal replacements including Ensure Plus for possible bacterial contamination

Abbott Nutrition is recalling a number of canned nutritional beverages due to possible bacterial contamination. The Chicago-based company is recalling products under its Ensure Plus, Jevity and TwoCal brands, among others. Full details are available on the Canadian Food Inspection Agency’s website, which says there has been one reported illness associated with the products. The CFIA […]