Canadian firm applies to build $10-billion Jordan Cove LNG project in Oregon

Canadian firm applies to build $10-billion Jordan Cove LNG project in Oregon
CALGARY — The Canadian company whose proposal to build an LNG export terminal in Oregon was derailed by regulators last year has resubmitted its application for a bigger, more expensive project. Calgary-based Veresen Inc. (TSX:VSN) says its Jordan Cove project is now estimated to cost about US$10 billion to build, up from US$7.5 billion under its previous proposal, and it... Read More

New deadline established for competition to design navy’s new warships

New deadline established for competition to design navy’s new warships
Defence companies and shipbuilders competing to design Canada’s new fleet of warships have been given until Nov. 17 to submit their proposals. It’s the third such deadline for the design competition, which is the most recent — and arguably most politically sensitive — phase in the entire $60-billion plan to build 15 warships. Participating firms were originally supposed to have... Read More

NEB inspectors cite Enbridge’s B.C. pipeline expansion construction failures

NEB inspectors cite Enbridge’s B.C. pipeline expansion construction failures
The National Energy Board is ordering a subsidiary of Enbridge Inc. (TSX:ENB) to take measures to improve worker safety and environmental protection after several infractions were spotted during field inspections of a B.C. pipeline expansion project. The agency says it issued three orders to Spectra Energy Transmission concerning construction of its High Pine natural gas pipeline expansion project near Chetwynd,... Read More

Canada won’t do business with Boeing while it’s ‘busy trying to sue us’: PM

Canada won’t do business with Boeing while it’s ‘busy trying to sue us’: PM
Prime Minister Justin Trudeau dropped the gloves Monday in his fight with Boeing, saying the government won’t do business with a company that he’s accusing of attacking Canadian industry and trying to put aerospace employees out of work. Trudeau’s broadside represents the strongest Canadian rhetoric yet against the U.S. aerospace giant since Boeing launched a trade dispute with Montreal-based rival... Read More

Grain handlers spending big as Canadian crops set to feed more of the world

Grain handlers spending big as Canadian crops set to feed more of the world
The gatekeepers of Canada’s rich agriculture exports are spending hundreds of millions of dollars to upgrade export terminals as they prepare the country to become an ever-growing bread basket to the world. Canadian grain shipments have been steadily rising and hit a record high in the last crop year. And Canadian companies are making long-term bets on the growth of... Read More

Headlines about economic growth hide underlying problems

Headlines about economic growth hide underlying problems
Private businesses and international investors are losing confidence in Canada as a competitive place to do business By Niels Veldhuis & Jason Clemens The Fraser Institute Given the sensational headlines hyping Canada’s recent economic growth, it’s hard to blame Canadians for being complacent. “Canada’s economy steamrolls ahead – 4.5 per cent annualized rate of expansion,” declared the Globe and Mail.... Read More

Another blow to pipeline projects in Canada

Another blow to pipeline projects in Canada
The NEB plans to judge a project on the greenhouse gas emissions of the people who produce the oil, as well as those who eventually consume it By Ken Green Senior director Centre for Natural Resource Studies The Fraser Institute It seems that hardly a week goes by without some new announced barrier to the construction of pipelines to allow... Read More

Canada’s job-growth, employment rates lag behind U.S

Canada’s job-growth, employment rates lag behind U.S
A series of policy choices have made Canada less attractive for investment, businesses, entrepreneurs and skilled workers By Charles Lammam & Hugh MacIntyre The Fraser Institute Canadians can be excused for looking with longing at the American job market. Labour markets are one of the most important components of Canada’s economy, through which we allocate one of our most valuable... Read More

Laurentian fined $200K after lapsing on registration conditions

Laurentian fined $200K after lapsing on registration conditions
Laurentian Bank Securities faces a $200,000 fine from IIROC after failing to comply with registration training requirements and not adequately supervising a dealing rep. Laurentian Bank failed to take reasonable steps to ensure that three of its representatives were proficient through a 90-day training program, says IIROC, the self-regulatory body for investment dealers. Two reps registered with IIROC in July... Read More