No easy answers in northern British Columbia pipeline impasse: Horgan

No easy answers in northern British Columbia pipeline impasse: Horgan
HOUSTON, B.C. — The arrest of 14 people who oppose a pipeline on the traditional territory of the Wet’suwet’en First Nation in British Columbia brought back difficult memories for Alexander Joseph. Sitting by a fire Wednesday outside a police roadblock near Houston, B.C., Joseph said the RCMP actions felt personal to him. “I come from residential (school), I come from the ’60s Scoop,” said Joseph, 61. “It feels... 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 (14,804.73, up 199.58 points). Aurora Cannabis Inc. (TSX:ACB). Health care. Up 49 cents, or 7.34 per cent, to $7.17 on 16.4 million shares. Encana Corp. (TSX:ECA). Energy. Up four cents, or 0.47 per cent to $8.55 on 13.6 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Up 14... Read More

WestJet apologizes to passengers who were stranded in Cancun for 33 hours

WestJet apologizes to passengers who were stranded in Cancun for 33 hours
WestJet Airlines Ltd. has announced it will launch an investigation after passengers spent an extra day and a half in Mexico over the weekend, many without the hotel rooms the airline had said would be made available following a cancelled international flight. About 135 passengers bound for Ottawa found themselves stranded in Cancun Saturday after a pair of mechanical issues caused a four-hour flight delay and... Read More

Aritzia Q3 profit jumps 16 per cent amid 17th quarter of growth in same-store sales

Aritzia Q3 profit jumps 16 per cent amid 17th quarter of growth in same-store sales
TORONTO — Aritzia Inc. says its first outlet boutique has been “incredibly profitable” in its first two months open, but don’t expect the womenswear retailer to push heavily into the discount space. Brian Hill, the Vancouver-based company’s chief executive officer, told analysts on a Wednesday call that the outlet Aritzia opened at the Toronto Premium Outlets mall in November has already made back... Read More

TransCanada name change ‘de-emphasizes’ Canada for leery investors: analyst

TransCanada name change ‘de-emphasizes’ Canada for leery investors: analyst
CALGARY — A planned move by TransCanada Corp. to change its name to TC Energy will help it attract investors who are “leery” of putting money in anything Canadian given the country’s recent difficulty in building energy projects, a U.S.-based financial analyst said Wednesday. But the company and a Canadian financial analyst disagreed, saying the name change recognizes that TransCanada has... Read More

Legal pot costs $9.70 per gram versus $6.51 on illicit market: StatCan

Legal pot costs $9.70 per gram versus $6.51 on illicit market: StatCan
OTTAWA — Statistics Canada says that the average price of a legal gram of recreational pot last year was $9.70, nearly 50 per cent higher than the illicit market price of $6.51. The agency says it received 385 price quotes deemed plausible using the StatsCannabis crowdsourcing application between Oct. 17, when adult-use pot became legal in Canada, and Dec. 31. It added that roughly half... Read More

Harley-Davidson’s new electric motorbikes aim to lure millennials

Harley-Davidson’s new electric motorbikes aim to lure millennials
MILWAUKEE — Harley-Davidson Inc. is rolling out its first electric motorcycle, with deliveries to 20 dealers across Canada expected by fall. The new bike, dubbed the LiveWire, represents a new direction for the Wisconsin-based company as it tries to reignite faltering motorcycle sales. With its no-emissions ride, Harley joins the ranks of California-based Zero Motorcycles, which has produced electric motorbikes for nearly a decade. The... Read More

Annual pace of housing starts in Canada fell in December: CMHC report

Annual pace of housing starts in Canada fell in December: CMHC report
OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts fell last month. The seasonally adjusted annual rate of housing starts in Canada was 213,419 units in December, down from 224,349 in November. Economists had expected an annual rate of 205,000, according to Thomson Reuters Eikon. The annual pace of urban starts dropped by 5.8 per... Read More

Bombardier signs US$669M rail car deal with N.J., but no work north of border

Bombardier signs US$669M rail car deal with N.J., but no work north of border
MONTREAL — Bombardier Inc. has signed a US$669-million deal to provide 113 commuter rail cars to New Jersey. The company says the contract will yield no additional work in Canada, with Buy American rules prompting Bombardier’s plant in Plattsburgh, N.Y., to build the multi-level cars, rather than its facility in Quebec. As of 2018, at least 65 per cent of... Read More

Loonie up after Bank of Canada rate decision, Toronto stocks higher

Loonie up after Bank of Canada rate decision, Toronto stocks higher
TORONTO — Gains in the key financial, industrial and material sectors helped Canada’s main stock index push higher, while the loonie gained ground following the Bank of Canada’s latest rate announcement. The S&P/TSX composite index was up 85.59 points at 14,690.74. In New York, the Dow Jones industrial average was up 97.87 points at 23,885.32. The S&P 500 index was... Read More