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 […]

New court docs outline what Competition Bureau says happened in bread price-fixing scheme

Newly released court documents shed light on how Canada’s Competition Bureau says major Canadian grocery chains and bakeries plotted to fix the price of bread for more than a decade. On Thursday, Justice Lynn Ratushny of Ontario Superior Court allowed the release of a new section of previously released documents that lay out the consumer […]

How do you name a beer brewed in Dildo? Tastefully, owners say

The owners of a new craft brewery set to open in the Trinity Bay community of Dildo have a conundrum: what do you call a beer brewed in Dildo? Dildo Brewing Company and Museum co-owner Angela Reid says there’s no shortage of people suggesting names for their new beers, but finding the right ones has been […]

Trade dispute to figure prominently in central bank’s rate decision: Poloz

The impacts of the escalating U.S.-Canada trade dispute will “figure prominently” in the Bank of Canada’s decision-making process for its upcoming interest-rate decision, governor Stephen Poloz said in a speech Wednesday. In prepared remarks of his address, Poloz said the bank has been incorporating into its projections the fallout of U.S. steel and aluminum tariffs […]

Pace of new housing construction slows in May, as multi-unit projects slide

The pace of new housing construction in Canada slowed in May amid a double-digit decline in multi-unit projects in urban areas after several months of above-average activity, Canada Mortgage and Housing Corp. said Friday. The federal agency’s seasonally adjusted rate of housing starts for all of Canada — which is an approximation of how much […]

Starbucks chairman Howard Schultz stepping down

Starbucks Corp. says Howard Schultz is stepping down as executive chairman this month of the coffee chain he joined more than 30 years ago. Schultz, who oversaw the transformation of Starbucks into a global chain with more than 28,000 locations, had left the CEO job at the company last year to focus on innovation and […]

Now what? How steel and aluminum tariffs will impact Canada

The first shots have been fired in the unexpected trade war between Canada and the United States, but it’s not immediately clear who’s going to take the most casualties. On Thursday, the U.S. government made a stunning announcement that Canada’s exemption from steel and aluminum tariffs, which U.S. President Donald Trump first floated in March, would be […]