Carbon tax, oil and gas investment dominate Day 2 of Alberta campaign

Carbon tax, oil and gas investment dominate Day 2 of Alberta campaign
LETHBRIDGE, Alta. — The leader of Alberta’s United Conservatives spent his second day on the campaign trail attacking the NDP government’s carbon tax. Jason Kenney reiterated his vow to make repealing the tax his government’s first order of business if he is elected premier on April 16. Speaking at an iron works company in Lethbridge, Kenney said nixing the tax... 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 (16,167.56, down 20.54 points). Aurora Cannabis Inc. (TSX:ACB). Health care. Down 19 cents, or 1.44 per cent, to $13.03 on 22.9 million shares. The Green Organic Dutchman Holdings. (TSX:TGOD). Health care. Down 41 cents, or 7.48 per cent, to $5.07 on 11.8 million shares. Manulife Financial Corp. (TSX:MFC).... Read More

Pot sector players welcome edibles tax change, but unhappy medical tax remains

Pot sector players welcome edibles tax change, but unhappy medical tax remains
TORONTO — Cannabis industry players welcomed the change in the Federal Budget to tax edibles, extracts, oils and concentrates based on the amount of tetrahydrocannabinol rather than weight, as it could ease pricing for some products and potentially boost product availability. However, licensed producers and a patient advocate group say they are disappointed that medical cannabis will continue to be taxed, despite... Read More

SNC-Lavalin CEO says employees will move to foreign rivals if it is debarred

SNC-Lavalin CEO says employees will move to foreign rivals if it is debarred
TORONTO — SNC-Lavalin’s local employees will be forced to work for foreign competitors if the embattled engineering firm is barred from bidding on federal contracts, diminishing its role as rare Canadian global champion, the company’s CEO said Wednesday. “There would be a reduction with us but these are talented folks. They’ll get a job,” Neil Bruce said in an interview with The Canadian Press.... Read More

Notley kicks off election Day 2 with vow to add value to Alberta’s oil and gas

Notley kicks off election Day 2 with vow to add value to Alberta’s oil and gas
EDMONTON — Alberta NDP Leader Rachel Notley has kicked off her second day of campaigning with a promise to get more value out of the province’s oil and gas products. She announced the plan at an Edmonton-based fabrication and engineering company. It aims to unlock $75 billion in investment, create 70,000 jobs and significantly increase the amount of petroleum processed in-province by 2030. Notley... Read More

Materials sector weighs on stocks in Toronto, U.S. markets trade lower

Materials sector weighs on stocks in Toronto, U.S. markets trade lower
TORONTO — Losses in the materials sector weighed on Canada’s main stock index in late-morning trading, while U.S. stock markets also moved lower. The S&P/TSX composite index was down 16.32 points at 16,171.78. In New York, the Dow Jones industrial average was down 85.17 points at 25,802.21. The S&P 500 index was down 8.78 points at 2,823.79, while the Nasdaq composite... Read More

Finance minister defends Liberal budget measures as sales effort gets underway

Finance minister defends Liberal budget measures as sales effort gets underway
TORONTO — Federal Finance Minister Bill Morneau kicked off his post-budget sales effort Wednesday, defending his Liberal government’s strategy of investing in consumer confidence and deflecting suggestions that it could lead to higher home prices in overheated urban markets. The budget Morneau tabled Tuesday in the House of Commons, his last before Canadian voters go to the polls this fall, showcased several... Read More

Anchor store expected to help largely vacant mall attract merchants, shoppers

Anchor store expected to help largely vacant mall attract merchants, shoppers
CALGARY — Ten months after tenants started moving into the still mostly empty New Horizon Mall just north of Calgary, its first anchor tenant is being announced this week. That means the grand opening originally scheduled for October could take place — at last — this spring, says Eli Swirsky, president of The Torgan Group, which developed the Asian bazaar-style centre in conjunction with its partner, MPI Property Group.... Read More

Rogers sells flagship magazines Maclean’s, Chatelaine in deal with St. Joseph

Rogers sells flagship magazines Maclean’s, Chatelaine in deal with St. Joseph
TORONTO — Rogers Media has reached a deal to sell its seven consumer print and digital publications, including Maclean’s and Chatelaine, to St. Joseph Communications. They say all current employees of Rogers Media Publishing will be offered jobs through the deal, which is expected to close next month. However, financial terms of the agreement were not immediately disclosed. The transaction... Read More