Trudeau, Notley said yes to pipelines, while really meaning no

Trudeau, Notley said yes to pipelines, while really meaning no
While telling people that they understand the importance of the pipelines, Notley and Trudeau piled up the regulatory bricks to ensure they were not viable By Ken Green Senior director Centre for Natural Resource Studies The Fraser Institute TransCanada’s withdrawal of its proposal to build the Energy East and Eastern Mainline oil pipelines is a huge loss to Canada and... Read More

Xi urges stronger Chinese stand against ‘grim’ challenges

Xi urges stronger Chinese stand against ‘grim’ challenges
BEIJING — Chinese President Xi Jinping on Wednesday urged a reinvigorated Communist Party to take a stronger role in society and economic development to better address the nation’s “grim” challenges as he opened a twice-a-decade national congress. Speaking in the massive Great Hall of the People near Tiananmen Square, Xi laid out his vision of a ruling party that serves... Read More

Corus Entertainment reports fourth-quarter profit up from year ago

Corus Entertainment reports fourth-quarter profit up from year ago
TORONTO — Corus Entertainment Inc. (TSX:CJR.B) reported Wednesday its fourth-quarter profit was up from a year ago as revenue ticked lower. The media company said its profit attributable to shareholders totalled $28.9 million or 14 cents per diluted share for the three months ended Aug. 31. That compared with a profit of $25,000 or zero cents per share in the... Read More

Statistics Canada says Manufacturing sales climbed higher in August

Statistics Canada says Manufacturing sales climbed higher in August
OTTAWA — Statistics Canada says manufacturing sales rose 1.6 per cent to $53.5 billion in August, their first move higher after two consecutive monthly declines. The agency says the increase was mainly attributable to higher sales in the transportation equipment and petroleum and coal product industries. Sales were up in eight of the 21 industries, representing two-thirds of the manufacturing... Read More

Toronto stock index crawls higher as shares in Bombardier soar after Airbus deal

Toronto stock index crawls higher as shares in Bombardier soar after Airbus deal
TORONTO — Canada’s main stock index eked out a minor gain today, as shares of Bombardier Inc. soared following its CSeries deal with Airbus. Shares in Bombardier (TSX:BBD.B) were the most heavily traded stock on the Toronto Stock Exchange as they gained nearly 16 per cent or 37 cents at $2.73 at the end of the trading session. The company... Read More

Canada’s supply management a flashpoint in NAFTA talks: Here’s why

Canada’s supply management a flashpoint in NAFTA talks: Here’s why
Supply management: economists love to hate it, and Canadian farmers are loathe to give it up. The politically explosive issue emerged yet again Monday as a flashpoint in increasingly heated NAFTA renegotiation talks after the United States asked for an end to the system within the next decade. So what, exactly is supply management, and why does it stir up... Read More

US homebuilder sentiment rises in October

US homebuilder sentiment rises in October
U.S. homebuilders are feeling more optimistic than they have in months, looking past a recent slowdown in new home sales and the risk of rising labour and materials costs following hurricanes Harvey and Irma. The National Association of Home Builders/Wells Fargo builder sentiment index released Tuesday rose four points to 68 this month. That’s the highest reading since May. Readings... Read More

Banking regulator’s revised guidelines include financial stress test on buyers

Banking regulator’s revised guidelines include financial stress test on buyers
TORONTO — Canada’s banking regulator has published the final changes to its guidelines for residential mortgages aimed at taking some of the risk out of the market, including a new stress test for buyers who don’t need mortgage insurance. The Office of the Superintendent of Financial Institutions said Tuesday the revised guidelines will come into force Jan. 1. Under the... Read More