Southern Alberta city pulls plug on $13-million solar power project

Southern Alberta city pulls plug on $13-million solar power project
CALGARY — The southern Alberta city of Medicine Hat is pulling the plug on a $13-million concentrated solar power facility after operating it for about five years. Coun. Phil Turnbull, who chairs the city’s utility committee, says the project’s goal was to test whether the technology was a feasible way to use the sun’s heat to replace some of the natural gas used... Read More

Walmart warns that higher tariffs will mean higher prices

Walmart warns that higher tariffs will mean higher prices
NEW YORK — Walmart warned on Thursday that higher tariffs on imports from China will mean higher prices. The comments came after the nation’s largest retailer reported its best sale performance at its established U.S. namesake stores for the fiscal first quarter in nine years. It marked 19 straight quarters of same-store sales gains. “We’re monitoring the tariff discussions and... Read More

Canadian inflation rises in April; gas prices strengthen from carbon pricing

Canadian inflation rises in April; gas prices strengthen from carbon pricing
OTTAWA — Canada’s annual inflation rate picked up its pace in April for a third-straight month due in part to stronger gasoline prices in provinces with new carbon-pricing systems. The consumer price index posted a year-over-year increase of two per cent last month, up from its reading of 1.9 per cent in March and 1.5 per cent in February, Statistics Canada said Wednesday in a new report. The... Read More

Updated fisheries law could stem loss of stocks, biodiversity: supporters

Updated fisheries law could stem loss of stocks, biodiversity: supporters
Significant changes could be coming to the way fisheries are managed in Canada, giving hope for the rebound of some species and the protection of others, says an ocean conservation group. Josh Laughren, executive director of Oceana Canada, said proposed amendments to the Fisheries Act would prompt the government to rebuild stocks that fall below sustainable levels. And while the changes still... Read More

Canadian home sales climb higher in April, boosted by Toronto and Montreal

Canadian home sales climb higher in April, boosted by Toronto and Montreal
OTTAWA — The Canadian Real Estate Association says home sales in April posted their first year-over-year increase since December 2017. The association says home sales last month were up 4.2 per cent compared with a year ago, when they hit a seven-year low for the month. The improvement came as gains in Montreal and the Toronto region outweighed a decline... Read More

Population of the Maritimes on the rise, but Newfoundland reports decline

Population of the Maritimes on the rise, but Newfoundland reports decline
HALIFAX — A new study says the population of the three Maritime provinces is growing at its fastest pace in decades, thanks mainly to immigration and a reduced outflow to Alberta. However, the Atlantic Provinces Economic Council says the population of economically challenged Newfoundland and Labrador has declined slightly after seven years of growth. The turnaround in the Maritimes follows three decades of steady decline.... Read More

Vancouver expected to headline long Canadian summer of high gasoline prices

Vancouver expected to headline long Canadian summer of high gasoline prices
CALGARY — Gasoline prices are expected to remain just below record highs all across Canada this summer except in Vancouver — where a perfect storm of factors will likely ensure motorists continue to set new all-time records at the pumps. Fuel market analysts say average retail prices in Canada are within a penny or two of their year-ago levels, which were some of the... Read More

Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week
TORONTO — Five things to watch for in the Canadian business world in the coming week: Tilray update Tilray Inc. will release its first-quarter results on Tuesday. The Nanaimo, B.C.-based company’s CEO recently identified the U.S. and Europe as the focus of its future investments, and said it will not purchase “overpriced supply assets” in Canada. Inflation numbers Statistics Canada... Read More

GM, Unifor announce investment in Oshawa plant that will save 300 jobs

GM, Unifor announce investment in Oshawa plant that will save 300 jobs
TORONTO — The union representing Canadian auto workers claimed a partial victory Tuesday after General Motors Canada announced an Oshawa, Ont., plant slated to close later this year will be converted to a part-stamping and autonomous vehicle testing facility. Unifor and GM Canada said the transition will cost $170 million and save 300 of the 2,600 union jobs at the plant, with the potential to... Read More

MEG Energy reports $48 million loss despite 56% bitumen price increase

MEG Energy reports $48 million loss despite 56% bitumen price increase
CALGARY — Oilsands producer MEG Energy Corp. is reporting a larger-than-expected first-quarter net loss despite a rise in revenue as its average price for blended bitumen rose by 56 per cent compared with the fourth quarter of 2018. The Calgary-based company says it lost $48 million or 16 cents per share in the three months ended March 31, compared with a profit of $141 million or... Read More