February 22nd, 2020

Business

Higher oilsands volumes drive beat as Inter Pipeline reports $100M Q4 income

By The Canadian Press on February 20th, 2020

CALGARY – Inter Pipeline Ltd. is crediting strong results from its oilsands transport system, as well as high utilization of its bulk petroleum storage assets, for fourth-quarter financial results that beat analyst expectations. The Calgary-based company says it had net earnings of $100.5 million or 24 cents per share in the last three months of ... Read More »

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Major shipper steers clear of Halifax port as rail blockades continue

By The Canadian Press on February 20th, 2020

MONTREAL – A major U.S. shipper is turning away from the Halifax port in favour of U.S. harbours due to ongoing blockades that have shut down Canadian National Railway Co.’s eastern network. Atlantic Container Line, which typically berths two ships a week carrying everything from auto parts to French cheese, is now docking in New ... Read More »

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New Caisse CEO says Alstom making rare commitments in Bombardier takeover offer

By Julien Arsenault, The Canadian Press on February 20th, 2020

MONTREAL – It is rare for a company make commitments as specific as those written in “black on white” by Alstom as part of its offer for Bombardier Transportation, the new president and chief executive officer of the Caisse de depot et placement du Quebec said Thursday. Rather than suggesting “monstrous lawsuits,” as Quebec Premier ... Read More »

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Struggling Victoria’s Secret sold as women demand comfort

By Anne D'Innocenzio And Michelle Chapman, The Associated Press on February 20th, 2020

NEW YORK – Victoria’s Secret, which once defined sexy with its leggy supermodels in their lacy bras and oversized angel wings, has a new owner. Now, the big question is whether the once sought after but now struggling brand can be reinvented for a new generation of women demanding more comfortable styles. The company’s owner, ... Read More »

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TSX up slightly and U.S. markets fall on new coronavirus concerns

By The Canadian Press on February 20th, 2020

TORONTO – Canada’s main stock index inched slightly higher while U.S. markets retreated from record highs on new concerns about the economic impact from the coronavirus. The S&P/TSX composite index closed up 18.70 points at 17,944.06. In New York, the Dow Jones industrial average was down 128.05 points at 29,219.98. The S&P 500 index was ... Read More »

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Nova Scotia proposes changes to address gender wage gap in the province

By The Canadian Press on February 20th, 2020

HALIFAX – Nova Scotia’s Liberal government is proposing changes to the Labour Standards Code it expects will make it harder for employers to pay women less than men for doing the same work. Labour Minister Labi Kousoulis tabled amendments Thursday that would prohibit employers from asking prospective employees about their wage history. The provision is ... Read More »

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Independent theatres accuse Cineplex of anti-competitive behaviour

By Tara Deschamps, The Canadian Press on February 20th, 2020

TORONTO – Independent cinemas across Canada say they are being kept from screening top films like “Parasite” and “Hustlers” as they’re released – and they claim theatre giant Cineplex Inc. is to blame. In a petition signed by over 8,000 people, indie cinemas are accusing Cineplex of engaging in anti-competitive behaviour by blocking their ability ... Read More »

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Independent theatres accuse Cineplex of anti-competitive activity

By The Canadian Press on February 20th, 2020

TORONTO – A handful of independent theatres are accusing Cineplex Inc. of engaging in anti-competitive behaviour by blocking their ability to screen some films. Vancouver’s Rio Theatre has outlined the allegations in a petition signed by nearly 8,000 people that calls for support for indie theatres. The petition claims that if a distributor tries to ... Read More »

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Freeland agrees to NDP trade pitch in return for new NAFTA support: letter

By Mike Blanchfield, The Canadian Press on February 20th, 2020

OTTAWA – Deputy Prime Minister Chrystia Freeland says she wants to make Canada’s trade negotiations more “transparent,” by agreeing to proposals from the New Democrats to provide more details of future deals. Freeland offers that view in a Wednesday letter to the New Democrats, a promise that secured the party’s support for a speedier ratification ... Read More »

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Telus CEO says $1 billion of spending, 5,000 jobs at risk if CRTC pushes MVNOs

By The Canadian Press on February 20th, 2020

GATINEAU, Que. – The CEO of Telus Corp. says it could cut about $1 billion of spending and 5,000 jobs over the next five years if the CRTC mandates Canada’s wireless companies to open their facilities to virtual network operators. Telus chief executive Darren Entwistle revealed those estimates in the final minutes of nearly four ... Read More »

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Portrait of the Coastal GasLink, a pipeline to divide a nation

By The Canadian Press on February 20th, 2020

CALGARY – Opponents of the Coastal GasLink pipeline’s planned route have brought rail traffic to a standstill with blockades in support of five Wet’suwet’en hereditary clan chiefs in B.C. who say it cannot proceed without their consent. Here’s a look at the project at the heart of an issue that has divided the country. The ... Read More »

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