Hundreds of Fort McMurray insurance claims unresolved 2 years after wildfire

Hundreds of Fort McMurray insurance claims unresolved 2 years after wildfire
FORT MCMURRAY, Alta. — Some 900 insurance claims remain unresolved two years after a wildfire dubbed “The Beast” tore through the city of Fort McMurray and the surrounding area. The ferocious fire in May 2016 consumed 10 per cent of the buildings in the northeastern Alberta city and forced 88,000 people from their homes for at least a month. The Insurance Bureau of Canada says 97 per... Read More

Business group calls for lower tax rate for women-controlled companies

Business group calls for lower tax rate for women-controlled companies
OTTAWA — A cross-border council on women in business recommends that companies controlled by women should get lower tax rates. The Canada-United States Council for Advancement of Women Entrepreneurs and Business Leaders made the suggestion in a report released Wednesday that offered recommendations for how companies can better support women in business. The group interviewed investors, institutions, asset managers, pension funds and venture capital firms and found... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,108.06, up 10.25 points) Neovasc Inc. (TSX:NVC). Medical devices. Unchanged at 4.5 cents on 14.9 million shares. Aurora Cannabis Inc. (TSX:ACB). Healthcare. Down 33 cents, or 4.24 per cent, to $7.46 on 9.5 million shares. Baytex Energy Corp. (TSX:BTE). Oil and gas. Down eight cents, or 1.34 per cent, to... Read More

Trudeau uses NYU graduation speech to criticize growth in identity politics

Trudeau uses NYU graduation speech to criticize growth in identity politics
NEW YORK — Prime Minister Justin Trudeau’s first order of business after descending on Donald Trump’s hometown Wednesday was to enlist thousands of newly minted American university graduates in the fight against a rising tide of intolerance and nationalism around the world. Officials had billed Trudeau’s three-day trip to New York and Boston as focused on trade and the economic... Read More

Victoria lands top spot on Christie’s luxury housing markets list

Victoria lands top spot on Christie’s luxury housing markets list
Victoria, B.C. has landed the top spot on Christie’s global list of hottest luxury housing markets. The real estate arm of the famed auction company says strong year-over-year sales growth and high domestic demand for housing catapulted the Vancouver Island community to lead a list of cities around the world on the annual list. Trailing Victoria on last year’s list are San Diego and Orange County, Calif., followed by Washington D.C. and... Read More

Kinder Morgan CEO ‘appreciates’ feds’ offer but time short to save pipeline

Kinder Morgan CEO ‘appreciates’ feds’ offer but time short to save pipeline
CALGARY — A federal commitment to compensate investors if the Trans Mountain pipeline expansion is unnecessarily delayed is appreciated but doesn’t put the project back on the front burner, the CEO of Kinder Morgan Canada Ltd. said Wednesday. Steven Kean repeated that the company won’t return to constructing the pipeline unless it has a clear path to build in British Columbia and adequate financial protection... Read More

BlackBerrys accounted for only 3% of smartphones used in Canada at end of 2017

BlackBerrys accounted for only 3% of smartphones used in Canada at end of 2017
TORONTO — Somewhat reluctantly, Athar Afzal finally gave up on BlackBerry earlier this year. He was a longtime fan of the iconic Canadian phone brand but his company forced employees who weren’t already using iPhones to transition over. He was ready to make the change though, having grown fed up with the slowness of his aging BlackBerry Priv. According to online measurement... Read More

Home Capital secures cheaper credit line from two Canadian banks

Home Capital secures cheaper credit line from two Canadian banks
TORONTO — Home Capital Group Inc. has secured a $500-million standby credit line from two unnamed Canadian banks to replace its more costly emergency funding facility from Warren Buffett’s Berkshire Hathaway Inc. The Toronto-based alternative mortgage lender says its subsidiary Home Trust Company has inked a letter of commitment from two Canadian Schedule 1 banks for the two-year secured line of credit... Read More

Plan to ease penalties for corporate crime has drawbacks: internal analysis

Plan to ease penalties for corporate crime has drawbacks: internal analysis
OTTAWA — A federal plan to take a bite out of corporate crime by allowing prosecutors to suspend criminal charges against companies has potential downsides, an internal analysis says — including the risk it could fail to discourage misdeeds and erode public confidence in the legal system. The Trudeau government has quietly tucked a proposal to amend the Criminal Code into its 582-page budget legislation. The measure would allow for the use... Read More

Saskatchewan wants Ottawa to get tough with B.C. over Trans Mountain pipeline

Saskatchewan wants Ottawa to get tough with B.C. over Trans Mountain pipeline
REGINA — Saskatchewan Premier Scott Moe is calling on the Prime Minister to get tough with British Columbia over its opposition to the Trans Mountain oil pipeline expansion. Moe says Justin Trudeau’s Liberal government should withhold sending federal infrastructure money to B.C. He says it has been a month since Trudeau met with B.C. Premier John Horgan and Alberta Premier Rachel Notley... Read More