News
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Communities worried about increased truck traffic from proposed Manitoba mine
WINNIPEG – Some community leaders are raising safety concerns about a proposed mine north of Winnipeg due to the amount of truck traffic it would generate. If the Canadian Premium Sand’s project is approved, trucks carrying silica sand could make…
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Central bank ‘surprised’ by weak data before longer slump call, rate hike doubts
OTTAWA – A weak data report “surprised” the Bank of Canada ahead of its decision to cast doubts about future interest-rate hikes and to warn Canadians the ongoing slump could prove to be unexpectedly stubborn, says one of the bank’s…
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Federal government pledges $49 million for $3.5 billion plastics project
CALGARY – A $3.5-billion project to turn Alberta propane into plastic pellets for the manufacture of consumer products is to receive $49 million from the federal government. Ottawa says the money provided to Calgary-based Inter Pipeline Ltd. through the $1.6-billion…
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Economic growth slowed in the fourth quarter to cap off year of 1.8% growth
OTTAWA – Canada closed out 2018 with its weakest quarterly economic performance in two and a half years – and experts say signs of the growth slowdown is likely to spread into the early months of 2019 and possibly beyond.…
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Cascades closing two tissue paper machines in Ontario, reports Q4 loss
KINGSEY FALLS, Que. – Cascades Inc. is closing two tissue paper machines in Ontario. The company says the leases for the operations in Whitby and Scarborough expire on Aug. 27 and will not be renewed. The two sites employ a…
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Maple Leaf experienced challenging 2018, but sees success in plant based future
Maple Leaf Foods Inc. called 2018 a challenging year with essentially flat sales, but one that sets it up for a successful future as it touted itself as a leader in plant-protein products. Global trading relationships created unprecedented volatility that…
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US manufacturing grew at a slower pace in February
BALTIMORE – American manufacturers expanded at a slower rate in February, as the pace of new orders, production and employment each slipped. The Institute for Supply Management, an association of purchasing managers, said Friday that its manufacturing index fell to…
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Mexico pushing labour reform, won’t ratify new NAFTA with U.S. tariffs in place
OTTAWA – Mexico’s Congress will be asked to approve a major labour-reform bill this spring as a necessary step to ratifying the new North American free-trade pact later this autumn, say Mexican officials. But unless the Trump administration lifts the…
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Newmont Mining board rejects Barrick takeover offer, proposes joint venture
TORONTO – The board of directors of Newmont Mining Corp. unanimously rejected a hostile takeover offer from Barrick Gold Corp. on Monday and countered with a proposal of its own – a new joint venture to operate the two companies’…
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Oil curtailment mistakes spawn costly Alberta rail plan, Husky execs say
CALGARY – The Alberta government’s decision to spend $3.7 billion to move more crude by rail is an unintended consequence of its poorly considered production cut order, executives with Husky Energy Inc. charged on Tuesday. The Calgary-based company, which has…
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Syncrude wants judge to dismiss lawsuit of former firefighter with PTSD
CALGARY – Oilsands giant Syncrude Canada wants a judge to dismiss a lawsuit by a former first responder who claims he was wrongfully fired following a diagnosis of post-traumatic stress disorder. Michael Swan filed the lawsuit in Alberta Court of…
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Encana says cost cutting includes 15% job reduction after Newfield acquisition
CALGARY – The CEO of Encana Corp. says it cut its total workforce by 15 per cent and reduced its ranks of executives by 35 per cent in just over a week after closing its deal to buy U.S. rival…
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RAM 1500 Ages Like a Fine Wine
While RAM, which at the time was still a Dodge, may have been one of the first to introduce a ‘semi’ truck looking front end to its pick-up truck, it is now the norm. Just look at the grilles on…
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‘Can be justified:’ Regulator gives conditional OK to Trans Mountain expansion
CALGARY – Battle lines over the Trans Mountain pipeline expansion were already being redrawn Friday after the National Energy Board gave its conditional endorsement to the project. The federal energy regulator said an increase in tanker traffic from a bigger…
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Environmental groups go to court today over Old Harry oil exploration
ST. JOHN’S, N.L. – Environmentalists fearing the consequences of an oil spill in the Gulf of St. Lawrence, home to thousands of marine species, will have their say in court Monday. Newfoundland and Labrador’s offshore regulator will be in court…
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Calgary cement plant worker injured on job, dies en route to hospital
CALGARY – A worker is dead after an accident at a Calgary cement plant. Emergency crews were called to the Inland Concrete operation in the city’s northwest on Tuesday. A man was taken by ambulance for treatment but died of…
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Stelco says fed measures helping steel prices as it focuses on domestic market
HAMILTON – Steel producer Stelco Holdings Inc. says federal protections for the industry have helped prop up earnings as it focuses more on the domestic market. Executive chairman Alan Kestenbaum said measures Ottawa put in place to protect against cheap…
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Alberta government helping new methanol plant with $80M in royalty credits
GRANDE PRAIRIE – Alberta is giving $80 million in future royalty credits for construction of a new methanol plant in the province’s northwest. Premier Rachel Notley says Nauticol Energy is to start construction on the $2-billion plant near Grande Prairie…
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Hudbay investors ramps up criticism of company in push for leadership change
TORONTO – An investor in Hudbay Minerals Inc. has released more detailed criticisms of the company as part of an effort to replace its leadership team. Waterton Global Resource Management Inc., which owns about 12 per cent of Hudbay, outlined…
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Barrick’s makes hostile bid for Newmont as talks on partnership fall apart
TORONTO – A simmering dispute between world’s two largest gold miners erupted publicly Monday as Barrick Gold Corp. formally made a hostile US$18-billion bid to merge with Newmont Mining Corp. in a plan that would create the undisputed global leader…
