TC Energy disappointed with expected executive action revoking Keystone XL Presidential Permit

TC Energy disappointed with expected executive action revoking Keystone XL Presidential Permit
  CALGARY – TC Energy Corporation (TSX, NYSE: TRP) reported it is disappointed with the expected action to revoke the existing Presidential Permit for the Keystone XL pipeline. The decision would overturn an unprecedented, comprehensive regulatory process that lasted more than a decade and repeatedly concluded the pipeline would transport much needed energy in an environmentally responsible way while enhancing... Read More

Central banks should stay clear of cryptocurrencies

Central banks should stay clear of cryptocurrencies
  VANCOUVER – Among the many races the pandemic has accelerated, none is so pointless as the issuance of central-bank digital currencies. The Canadian government, which should know better, has jumped into the fray despite earlier opposition. Reversing comments made in February 2020, Bank of Canada deputy governor Timothy Lane now believes state involvement in cryptocurrencies is a pressing matter. Along with its... Read More

Biden may cancel Keystone XL pipeline first day on job

Biden may cancel Keystone XL pipeline first day on job
  CALGARY – The Canadian Press and other media are reporting that after Joe Biden is inaugurated this Wednesday as President, he will immediately sign an executive order to rescind the Keystone XL construction permit that Donald Trump granted in 2019. The reports are based on The Canadian Press viewing Biden’s transition documents. The pipeline is owned by Calgary-based TC Energy Corp. ... Read More

Canada announces new measures to address human rights abuses in Xinjiang, China

Canada announces new measures to address human rights abuses in Xinjiang, China
  OTTAWA – François-Philippe Champagne, Minister of Foreign Affairs, and Mary Ng, Minister of Small Business, Export Promotion, and International Trade today announced measures related to the human rights situation in the Xinjiang Uyghur Autonomous Region. The Government of Canada states it is gravely concerned with evidence and reports of human rights violations in the People’s Republic of China involving... Read More

Albertans need to reverse income tax hike

Albertans need to reverse income tax hike
  CALGARY – The last thing Albertans need right now is a provincial government reaching further into their pockets with higher income taxes. But higher income taxes are exactly what Albertans are getting in 2021, courtesy of Premier Jason Kenney’s sneaky backdoor tax grab known as bracket creep. Bracket creep happens when governments stop indexing tax brackets with inflation, which... Read More

Statement on Canada’s economic and job recovery

Statement on Canada’s economic and job recovery
  GATINEAU – The Deputy Prime Minister and Minister of Finance, Chrystia Freeland, and the Minister of Employment, Workforce Development and Disability Inclusion, Carla Qualtrough, issued the following statement today following the release of Statistics Canada’s Labour Force Survey: “Since the start of the pandemic, the federal government has moved quickly to support Canadians and the Canadian economy. “Government action... Read More

Statistics Canada says median net worth of Canadian families is $329,900, before pandemic

Statistics Canada says median net worth of Canadian families is $329,900, before pandemic
  OTTAWA – This week Statistics Canada released the ‘Survey of Financial Security, 2019’. The survey states that while the estimates from the 2019 Survey of Financial Security do not reflect the impacts of the COVID-19 pandemic, they do provide a baseline for assessing developments during the pandemic and shine light on which Canadian families may be more or less financially... Read More

Health Canada authorizes Moderna COVID-19 vaccine for adults

Health Canada authorizes Moderna COVID-19 vaccine for adults
  OTTAWA – Today, Health Canada authorized the second COVID-19 vaccine in Canada, manufactured by Moderna. Moderna trades on the NASDAQ under the symbol MRNA. Health Canada says they received Moderna’s submission on October 12, 2020, and after a thorough, independent review of the evidence, has determined that the Moderna vaccine meets the Department’s stringent safety, efficacy and quality requirements.... Read More

A Canadian astronaut will fly to the Moon

A Canadian astronaut will fly to the Moon
  LONGUEUIL –  Canada signs a historic space treaty with the U.S. and secures a vital role for Canada in the Lunar Gateway. The Honourable Navdeep Bains, Minister of Innovation, Science and Industry, today announced that the Canadian Space Agency (CSA) and NASA have signed the Gateway Treaty, a historic agreement that confirms Canada’s participation in the next major international collaboration... Read More

B.C. government says proposed insurance rate decrease is largest in 40 years

B.C. government says proposed insurance rate decrease is largest in 40 years
  VANCOUVER — British Columbia’s public insurance company is applying for a 15 per cent decrease in its basic rates. Solicitor General Mike Farnworth says if the request is approved by the B.C. Utilities Commission, it will be the largest decrease in 40 years. The application is part of the government’s approach to reduce insurance premiums for drivers by an... Read More