B.C. brings in tax credit to help spur liquefied natural gas investment

B.C. brings in tax credit to help spur liquefied natural gas investment
VICTORIA — British Columbia is changing the province’s tax structure for liquefied natural gas projects with Finance Minister Carole James saying the government is aiming to encourage more development through a natural gas tax credit. James introduced legislation Monday that she said meets the objectives set out a year ago by Premier John Horgan in a policy framework. “British Columbians are counting... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (16,065.86, down 23.47 points). Aurora Cannabis Inc. (TSX:ACB). Health care. Up 27 cents, or 2.23 per cent, to $12.37 on 23.3 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Unchanged at $2.72 on 7 million shares. Barrick Gold Corp. (TSX:ABX). Materials. Up 77 cents, or 4.19 per cent, to $19.13 on... Read More

Morneau unveils principles for Indigenous ownership in Trans Mountain pipeline

Morneau unveils principles for Indigenous ownership in Trans Mountain pipeline
CALGARY — Finance Minister Bill Morneau says the government remains committed to putting the Trans Mountain pipeline and its proposed expansion back in private hands as he unveiled four principles for including Indigenous groups in those discussions. But he says timing and details of the sale of the pipeline depends on when it is “de-risked” and therefore can’t be determined... Read More

Global economic concerns continue to press on Canadian stock market

Global economic concerns continue to press on Canadian stock market
TORONTO — Canada’s main stock index resumed where it left off Friday by falling on continued concern about global economic growth. The S&P/TSX composite index closed down 23.47 points at 16,065.86. In New York, the Dow Jones industrial average was up 14.51 points at 25,516.83. The S&P 500 index was down 2.35 points at 2,798.36, while the Nasdaq composite was down 5.13... Read More

Apple News Plus subscription service has several Canadian media partners at launch

Apple News Plus subscription service has several Canadian media partners at launch
TORONTO — Apple Inc. announced a subscription news service Monday that counts The Toronto Star, La Presse, CTV and Global News as Canadian content suppliers. Apple Canada says Apple News Plus will cost $12.99 a month, after a free preview month. The company says the subscription service will have a more extensive collection of content than the free version of Apple News, which will... Read More

Canada Revenue Agency apologizes as online services go down

Canada Revenue Agency apologizes as online services go down
OTTAWA — The websites Canadians use to file their taxes online went down Monday and the Canada Revenue Agency isn’t saying when the services will be back online. A spokesman for the  agency said there is a “computer hardware issue” and apologized for the cut in services. He called the disruption “temporary” but couldn’t say how long it would take to repair. The... Read More

Two Canadian pension funds to own 53% of satellite service company Inmarsat

Two Canadian pension funds to own 53% of satellite service company Inmarsat
TORONTO — Two of Canada’s largest pension funds have committed more than half of the US$3.08 billion that the Triton consortium has agreed to pay for Inmarsat PLC, a U.K.-based provider of satellite services for data and voice communications. Canada Pension Plan Investment Board said Monday its financial commitment will be approximately US$900 million, or about 29.27 per cent of the total amount, assuming the deal receives... Read More

Canadian oilfield services firms bringing in more revenue from U.S. operations

Canadian oilfield services firms bringing in more revenue from U.S. operations
CALGARY — Analysts say Canadian oilfield services companies with operations in the U.S. are now earning more of their revenue south of the border than they have for at least six years. In a report, AltaCorp Capital says that trend is expected to continue as ongoing oil and gas spending weakness in Canada is balanced against steady activity in the United States. The analysts... Read More

Shares in investment firm Gluskin Sheff soar in wake of deal with Onex

Shares in investment firm Gluskin Sheff soar in wake of deal with Onex
TORONTO — Shares in Gluskin Sheff + Associates Inc. soared nearly 30 per cent after the company signed a deal to be acquired by private equity firm Onex Corp. worth $445 million. Gluskin Sheff shares were up $3.18 at $14.35 in trading on the Toronto Stock Exchange late Monday morning. Onex announced its friendly offer for Gluskin Sheff of $14.25 per... Read More

Long-awaited video service expected from Apple on Monday

Long-awaited video service expected from Apple on Monday
Apple is expected to announce Monday that it’s launching a video service that could compete with Netflix, Amazon and cable TV itself. It’s a long-awaited attempt from the iPhone maker, several years after Netflix turned “binge watching” into a worldwide phenomenon. The new video service is expected to have original TV and movies that reportedly cost Apple more than $1... Read More