Shelved Suncor thermal oilsands project wins Alberta government approval

Shelved Suncor thermal oilsands project wins Alberta government approval
CALGARY — The Alberta government has approved an application by Suncor Energy Inc. to build a 40,000-barrel-per-day thermal oilsands project but construction is unlikely to start any time soon. The province says in a news release that the Meadow Creek West project 40 kilometres south of Fort McMurray, which would use steam to produce bitumen from wells, can now apply for... Read More

Nunavut projects fourth deficit budget in a row on slightly increased revenues

Nunavut projects fourth deficit budget in a row on slightly increased revenues
IQALUIT, Nunavut — The Nunavut government is tabling its fourth deficit budget in a row. Finance Minister George Hickes says the territory will take in more than $2.3 billion this year. That’s a slight increase, thanks largely to federal funding programs. However, the document still forecasts an operating deficit of about $30 million. Hickes says the health department will see the biggest... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (17,925.36, up 67.02 points.) Manulife Financial Corp. (TSX:MFC). Financials. Up 33 cents, or 1.27 per cent, to $26.33 on 12 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Down three cents, or 2.01 per cent, to $1.46 on 10.9 million shares. Suncor Energy Inc. (TSX:SU). Energy. Up 56 cents,... Read More

Burger King breaks the mould with new advertising campaign

Burger King breaks the mould with new advertising campaign
Burger King is breaking the mould in its new advertising campaign. The burger chain is portraying its Whopper covered in mould in print and TV ads running in Europe and the U.S. The message: Burger King is removing artificial preservatives from its signature burger. The company, already known for irreverent ad campaigns, turned it up a notch, including a time-lapse... Read More

Bell says CRTC’s MVNO proposal is ‘highly aggressive,’ puts spending at risk

Bell says CRTC’s MVNO proposal is ‘highly aggressive,’ puts spending at risk
GATINEAU, Que. — Bell Mobility says a forced regulatory introduction of mobile virtual network operators into Canada wouldn’t provide a meaningful benefit to consumers but would slow investments in the nation’s communications infrastructure. Bell Canada chief executive Mirko Bibic says the CRTC should not adopt such an “aggressive form” of regulatory intervention when the Canadian wireless market has never been so competitive. Executives of... Read More

Facebook, Instagram users in Canada can finally use music clips with stories

Facebook, Instagram users in Canada can finally use music clips with stories
TORONTO — It’s been a long time coming, but Facebook and Instagram users in Canada can finally incorporate music clips into their story posts. Facebook says it’s enabling an array of creative music tools, among them the ability for users to post 15-second snippets of songs with their stories. The feature arrives in Canada nearly two years after it began rolling out in the United... Read More

Via Rail lays off 1,000 employees temporarily as blockades drag on

Via Rail lays off 1,000 employees temporarily as blockades drag on
MONTREAL — Via Rail says it is temporarily laying off 1,000 employees due to blockades that continue to halt service on CN tracks in Eastern Canada. The Crown corporation has suspended passenger trains on its Montreal-Toronto and Ottawa-Toronto routes for nearly two weeks due to the protests that have disrupted rail service across the country. The layoffs come amid growing... Read More

Small business owners demand an end to rail blockades, warn of consequences

Small business owners demand an end to rail blockades, warn of consequences
MONTREAL — The Canadian Federation of Independent Business has sent a letter to Prime Minister Justin Trudeau warning of dire consequences if blockades that have disrupted rail service across the country continue. CFIB head Dan Kelly is calling on Ottawa to work with the provinces and law enforcement to get trains back on the tracks as protests in support of... Read More

Stelco reports Q4 loss on challenging market conditions, steel price drop

Stelco reports Q4 loss on challenging market conditions, steel price drop
HAMILTON — Stelco Holdings Inc. says it swung to a loss in its fourth quarter after challenging market conditions including an “unprecedented” drop in prices. The Hamilton-based steel producer says it lost $24 million or 27 cents per diluted share for the quarter ended Dec. 31, compared with net income of $110 million or $1.23 per diluted for final quarter of 2018.... Read More