January 24th, 2017

Business

Canadian court rules in Ecuadorian legal battle involving oil giant Chevron

By The Canadian Press on January 21st, 2017

Both sides found positives in a Canadian court ruling issued Friday in a David and Goliath legal battle between oil giant Chevron and a group of Ecuadorian villagers. The villagers are using the Canadian courts to try to collect on a US$9.5-billion Ecuadorian court judgement for environmental damage. Chevron issued a news release Friday saying ... Read More »

Be the first to comment!

Chevron says it has won the latest round in an Ecuadorian legal battle

By The Canadian Press on January 20th, 2017

Oil giant Chevron Corp. says it has won a round in the Canadian courts in a complex legal battle with a group of Ecuadorian villagers who are trying to collect on a massive judgement they won in Ecuador’s courts. Chevron issued a news release Friday saying Ontario’s superior court has ruled the oil company’s Canadian ... Read More »

Be the first to comment!

‘Chaos candidate’ takes office: cheers, jeers, fiery protest for Trump on Day 1

By Alexander Panetta, The Canadian Press on January 20th, 2017

WASHINGTON – Donald Trump’s promise to disrupt Washington came to pass on Day 1 of his presidency Friday – fiery protests, clashes with police and a stridently nationalist speech that elicited cheers from a sea of red ballcap-clad admirers. During the bitter primary fight, one rival called him the “chaos candidate” – an apt description ... Read More »

Be the first to comment!

Trudeau congratulates Trump, cites close economic and security ties

By Mike Blanchfield and Jordan Press, The Canadian Press on January 20th, 2017

OTTAWA – Boost defence spending, dial down the volume on battling climate change and find a bridge or energy project to build together. That was the expert advice Prime Minister Justin Trudeau received Friday on how to get along with new U.S. President Donald Trump and make Canada relevant to his “America First” policy. Derek ... Read More »

Be the first to comment!

North American stock markets close on high note as Trump becomes U.S. president

By Alexandra Posadzki, The Canadian Press on January 20th, 2017

TORONTO – North American stock markets closed on a high note Friday, though investors who have been seeking clarity for weeks from Donald Trump got little of it during his inaugural address as president. The S&P/TSX composite index added 138.07 points to 15,547.88 in a fairly broad-based rally. The materials sector of the TSX led ... Read More »

Be the first to comment!

Trump’s protectionist inaugural address sparks concerns in Canada’s oilpatch

By Dan Healing, The Canadian Press on January 20th, 2017

CALGARY – Donald Trump’s fiercely protectionist inaugural address is a clarion call for Canada to nurture its relationships with other countries and do everything possible to access markets abroad, the head of the Canadian Association of Petroleum Producers said Friday. Tim McMillan said he made it a point to attend Trump’s inauguration as president in ... Read More »

Be the first to comment!

Trade, trade-offs, and O’Leary: three ways politics touched Canadians this week

By Heather Scoffield, Ottawa Bureau Chief, The Canadian Press on January 20th, 2017

OTTAWA – The pageantry of the Donald Trump inauguration absorbed most of the political oxygen in Ottawa this week, mainly because the subtext was a growing realization that so many facets of Canadian politics have been turned on their head. The Jenga tower of assumptions that have allowed the Canadian, and global, political economy to ... Read More »

Be the first to comment!

Cheaper food offsets rising gas prices, easing inflation last month

By Craig Wong, The Canadian Press on January 20th, 2017

OTTAWA – The annual pace of inflation ticked higher last month, but the increase was smaller than expected as food prices continued falling, offsetting gas price hikes at the pump. Statistics Canada said Friday the consumer price index in December was up 1.5 per cent from where it was a year ago, a higher rate ... Read More »

Be the first to comment!

Trump’s ‘America first’ tone worries head of Canadian oil and gas industry group

By The Canadian Press on January 20th, 2017

CALGARY – The president of the Canadian Association of Petroleum Producers says the protectionist sentiments expressed in U.S. President Donald Trump’s inauguration speech are a “wakeup call” for Canada. Tim McMillan says Canada is sometimes not “front of mind” when its largest trading partner makes policy changes and it must therefore be alert and quick ... Read More »

Be the first to comment!

Trump: An unapologetic nationalist, trade populist becomes 45th U.S. president

By Alexander Panetta, The Canadian Press on January 20th, 2017

WASHINGTON – Supporters amid a sea of red baseball caps emblazoned with Donald Trump’s campaign slogan cheered lustily Friday as their most unconventional champion assumed America’s highest political office with a message of unapologetic nationalism. Trump’s inaugural address was an echo of his stump speeches, littered with messages about the ravages of globalization, forgotten workers ... Read More »

Be the first to comment!

BC Hydro says plan for underground substations leaves scarce land for other uses

By The Canadian Press on January 20th, 2017

VANCOUVER – BC Hydro says it is looking underground as it considers future electricity demand in downtown Vancouver. The utility says in a news release that it will upgrade electrical infrastructure by proposing to build two new substations underground, leaving the space above available for developments such as schools. The substations would be located in ... Read More »

Be the first to comment!