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

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

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

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

Newmont Mining to pay special dividend if Goldcorp takeover approved

Newmont Mining to pay special dividend if Goldcorp takeover approved
DENVER — Newmont Mining Corp. says it will pay a one-time special dividend of 88 cents per share, if its friendly takeover of Goldcorp Inc. gets shareholder approval. The dividend is conditional upon the approval of the deal by both Newmont’s and Goldcorp’s shareholders. Newmont shareholders vote on April 11, while Goldcorp shareholders vote April 4. If the conditions are met, the special dividend would... Read More

TransAlta strikes investment deal with Brookfield Renewable Partners

TransAlta strikes investment deal with Brookfield Renewable Partners
CALGARY — TransAlta Corp. says Brookfield Renewable Partners and its institutional partners have signed a $750-million deal to invest in the company’s hydro assets. Under the terms of the agreement, Brookfield will acquire exchangeable securities, which will be convertible into an equity ownership interest in TransAlta’s Alberta hydro assets. Brookfield will also purchase TransAlta common shares on the open market to... Read More

Online real estate auctions try to shake up sales with novel approach

Online real estate auctions try to shake up sales with novel approach
An online auction for a luxury home in Abbotsford, B.C., is drawing attention for its novel approach, which some observers say has potential to inspire new sales even if it doesn’t have any notable impact on the housing landscape. Bidding opens Tuesday on the 12-bedroom, 10-bath restored train power station known as the “Sumas Powerhouse,” which was previously listed for $5 million and... Read More