Canada Post workers vote in favour of strike action if deal can’t be reached

Canadian postal workers have voted in favour of strike action, with the union president saying members are overworked. Strike votes were held at locals across the country between Aug. 7 and Sept. 9, with 93.8 per cent of urban postal operations workers and 95.9 per cent of rural and suburban mail carriers voting to walk out […]

Canada needs Chapter 19 because Trump ‘doesn’t always follow the rules’: Trudeau

Prime Minister Justin Trudeau is defending NAFTA’s dispute resolution mechanism as necessary in a world where the president of the United States “doesn’t always follow the rules.” Chapter 19 is a known sticking point between Canada and the United States in the renegotiation of the North American Free Trade Agreement; the two negotiating teams returned to the […]

Widespread mislabelling of seafood reported in cities across Canada

An “alarming” rate of seafood in Canadian restaurants and stores is mislabelled, according to a new report by an ocean advocacy group. Oceana Canada, a Toronto-based conservation organization, said it found there was mislabelling with 44 per cent of the seafood samples it tested this year and last in five Canadian cities  — and in 75 per cent of cases, cheaper […]

Scotiabank raises dividend despite lower profit

The Bank of Nova Scotia raised its dividend even as it reported its third-quarter profit slipped compared with a year ago, partially due to a hit from acquisition-related costs. The bank says it will raise its quarterly dividend by three cents to 85 cents per share. The increase came as Scotiabank reported a third-quarter profit […]

Enbridge bids $4.3B to take full ownership of Spectra Energy

Enbridge Inc. is sweetening its offer to buy all the units in Spectra Energy Partners LP it doesn’t already own, raising its proposed share exchange ratio by almost 10 per cent in the all-shares transaction valued at $4.3 billion. The move, which was expected by some analysts following a U.S. regulator’s final tax policy ruling […]

TransCanada moves to condemn South Dakota land

The company planning the Keystone XL oil pipeline is moving to condemn private land in South Dakota. TransCanada Corp. has filed eminent domain petitions in state court against parcels of Harding County land owned by two families, The Rapid City Journal reported. At least one family plans to fight. Resident Jeffrey Jensen said he’ll take […]

Waiting to see if declines in real estate sales translate into falling prices: Don Pittis

The Canadian real estate industry is used to disregarding gloomy predictions. But now, after a decade of laughing in the face of repeated false warnings that a housing slump was imminent, most Canadians affected by real estate — in other words, just about all of us — have suddenly become a little more wary. No one […]

Magna cuts 2018 outlook amid uncertainty due to tariffs, trade talks

Magna International Inc. has lowered its expectations for the second half of 2018 amid uncertainty surrounding tariffs and trade negotiations between the United States and other countries, including Canada and China. Canada’s largest auto parts maker has edged down its full-year estimates for sales, margins and other key metrics but Magna chief executive Don Walker […]

Ottawa fails to secure new buyer for Trans Mountain pipeline by deadline

The Canadian government is set to become the official owner of the Trans Mountain  pipeline expansion after failing to quickly flip the project to another private-sector buyer. Pipeline owner Kinder Morgan had been working with the government to identify another buyer before July 22. But with that date set to pass without a deal, it was […]

Allegations of inflated property values at centre of RCMP syndicated mortgage fraud investigation

Inflated property values and the promotion of non-qualifying investments as being RRSP-eligible are some of the key allegations made by the RCMP in a search warrant application it filed to authorize an April raid on six Toronto-area offices.  These new details come from a 131-page affidavit used to obtain a search warrant filed by the RCMP in connection with its […]