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: CP Rail results CP Rail CEO speaks with investors after releasing first-quarter financial results on Tuesday. Analysts on average expect the railway to report a profit of $3.02 per share for the quarter on revenue of $1.78 billion, according to Thomson Reuters Eikon. Wholesale... Read More

Canola group demands Ottawa ‘consider all available options’ in China seed dispute

Canola group demands Ottawa ‘consider all available options’ in China seed dispute
The Canola Council of Canada is calling on the federal government to “consider all available options” amid a trade dispute with China that has resulted in suspended seed shipments from two exporters. China suspended the licenses of Richardson International Ltd. and Viterra Inc., citing concerns about pests, and Chinese companies stopped buying seed from Canadian producers in recent months. The... Read More

Oil and gas sector applauds new Alberta premier’s many pro-business pledges

Oil and gas sector applauds new Alberta premier’s many pro-business pledges
CALGARY — The Alberta oilpatch is applauding the provincial election win by Jason Kenney and his United Conservatives. The Canadian Association of Petroleum Producers offered congratulations and welcomed the UCP’s commitment to making regulatory, economic and fiscal policy reforms. It says it endorsed UCP election promises to cut the corporate tax rate to eight per cent from 12 per cent,... Read More

Inflation rises 1.9% on higher prices for fresh vegetables, mortgage costs

Inflation rises 1.9% on higher prices for fresh vegetables, mortgage costs
OTTAWA — Canada’s annual inflation was up last month as price pressures strengthened for fresh vegetables, mortgage interest costs and auto insurance. Statistics Canada said Wednesday that the country’s consumer price index increased 1.9 per cent in March, in line with economists’ expectations. It was higher than its readings of 1.5 per cent for February and 1.4 per cent in January, when inflation number was at a 15-month low point.... Read More

Here’s a list March inflation rates for Canadian provinces, territories

Here’s a list March inflation rates for Canadian provinces, territories
OTTAWA — Canada’s national annual inflation rate was 1.9 per cent in March, Statistics Canada says. Here’s what happened in the provinces (previous month in brackets): — Newfoundland and Labrador: 1.2 per cent (0.5) — Prince Edward Island: 1.0 (0.4) — Nova Scotia: 1.3 (1.0) — New Brunswick: 1.6 (0.9) — Quebec: 1.8 (1.3) — Ontario: 1.8 (1.5) — Manitoba: 2.3 (2.0) — Saskatchewan: 1.8 (1.3) — Alberta: 2.3 (1.6) — British Columbia: 2.6 (2.2) The Canadian Press Read More

Statistics Canada reports Manufacturing sales fell 0.2% in February

Statistics Canada reports Manufacturing sales fell 0.2% in February
OTTAWA — Statistics Canada says manufacturing sales fell 0.2 per cent in February to $56.6 billion, hurt by a retreat in the motor vehicle assembly and wood products industries. Economists had expected no change for February, according to Thomson Reuters Eikon. The move lower followed an increase 0.8 per cent in January. Statistics Canada says sales were down in 15 of... Read More

Canadian business sentiment drops from high levels: central bank survey

Canadian business sentiment drops from high levels: central bank survey
OTTAWA — A new Bank of Canada survey says business sentiment has fallen from elevated levels, with companies underlining uncertainty around global trade, the housing sector and the energy industry. The central bank’s measure for business sentiment dropped from its near-record heights last year into negative territory for the first time since the third quarter of 2016. The more-upbeat reading in the previous report was based on a November poll taken... 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: BoC outlook Bank of Canada will release its spring Business Outlook Survey on Monday. The central bank’s previous survey in December showed that sentiment had decreased slightly, but remained elevated as responses to almost all the survey questions were holding above their historical averages.... Read More

Stelco pushes PM for help in dealing with ‘changing landscape’ for steel

Stelco pushes PM for help in dealing with ‘changing landscape’ for steel
OTTAWA — Canadian steel producer Stelco is looking for more support from the federal government as the country’s steel and aluminum producers grapple with punishing U.S. tariffs imposed on exports of their products south of the border. Stelco Holdings Inc., president and executive chairman Alan Kestenbaum met with Justin Trudeau in Ottawa Thursday. While he thanked the prime minister for... Read More

Pipeline delays add appeal to creative options for oil transport, transformation

Pipeline delays add appeal to creative options for oil transport, transformation
CALGARY — News that permitting issues in the U.S. would delay Enbridge Inc.’s Line 3 replacement pipeline project until the middle of 2020 instead of late this year means that yet another boost in oil export capacity has been kicked down the road. With both the Trans Mountain expansion and Keystone XL pipeline projects in court limbo, attention is turning to alternative... Read More