January 24th, 2021

Business

TC Energy decarbonization response to Keystone setback unlikely to sway ESG investors

By Anita Balakrishnan, The Canadian Press on January 19th, 2021

Sustainable investing experts say TC Energy Corp.’s plan to decarbonize the Keystone XL pipeline is unlikely to save its fortunes, as a growing movement to divest from fossil fuels gains political clout. U.S. President-elect Joe Biden intends to sign an executive order on inauguration day to rescind the presidential permit for the Keystone XL pipeline ... Read More »

Be the first to comment!

Remittances to El Salvador rebound after early pandemic drop

By The Associated Press on January 18th, 2021

SAN SALVADOR, El Salvador – The money sent home to El Salvador by migrants plunged 40% at the start of the coronavirus pandemic, but then recovered to end 2020 at a record high of $5.92 billion, authorities said Monday. The country’s central bank said the figure was 4.8% higher than in 2019, or almost $270 ... Read More »

Be the first to comment!

AltaLink seeks to refund extra $350 million over three years to Alberta customers

By The Canadian Press on January 18th, 2021

CALGARY – AltaLink wants to refund an additional $350 million to Alberta’s electricity customers over the next three years because of low energy prices. The move, combined with its previous rate initiatives, would reduce each Albertan’s electricity bill by an average of 11 per cent per year between 2021 and 2023. Alberta’s largest electricity transmission ... Read More »

Be the first to comment!

Pandemic doesn’t slow cargo shipments at the port in Prince Rupert, B.C.

By The Canadian Press on January 18th, 2021

PRINCE RUPERT, B.C. – The port in Prince Rupert, B.C., has set another record in defiance of the economic downtown caused by the COVID-19 pandemic. The port authority announced Monday that despite unprecedented challenges brought on by the pandemic, 32.4 million tonnes of cargo moved through the port in 2020, up nine per cent from ... Read More »

Be the first to comment!

Most actively traded companies on the Toronto Stock Exchange

By The Canadian Press on January 18th, 2021

TORONTO – Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (17,944.88, up 35.85 points.) Zenabis Global Inc. (TSX:ZENA). Health care. Up 2.5 cents, or 29.41 per cent, to 11 cents on 39.4 million shares. Score Media and Gaming Inc. (TSX:SCR). Telecommunications. Up 49 cents, or 16.78 per ... Read More »

Be the first to comment!

Cancelled Keystone XL pipeline expansion won’t lessen oil dependency, experts say

By The Canadian Press on January 18th, 2021

CALGARY – Cancelling the multi-billion dollar Keystone XL pipeline expansion would not only jeopardize thousands of jobs in Alberta, it would also mean the loss of billions of dollars in corporate income taxes, carbon taxes and royalties, according to energy experts. TC Energy Corp.’s 1,947-kilometre project would carry crude oil from Hardisty, Alta., to Steele ... Read More »

Be the first to comment!

S&P/TSX composite edges higher despite energy trending down on Keystone XL news

By The Canadian Press on January 18th, 2021

TORONTO – Canada’s main stock index edged higher in a broad-based rally even as energy was pulled down by the prospect of a presidential permit being rescinded for the Keystone XL project. The S&P/TSX composite index closed up 35.85 points to 17,944.88. U.S. stock markets are closed for Martin Luther King Jr. Day. The Canadian ... Read More »

Be the first to comment!

Private broadcasters’ group argues CBC is disrupting the market by selling ads

By Victoria Ahearn, The Canadian Press on January 18th, 2021

TORONTO – A review of the CBC’s licence renewal applications entered its second phase Monday, with some organizations and individuals presenting their call for greater accountability and transparency from the public broadcaster. The Canadian Association of Broadcasters, which represents private broadcasters, expressed concern about the public broadcaster “being market-driven rather than mandate-driven,” arguing it’s focusing ... Read More »

Be the first to comment!

An outright ‘No’: Biden’s Day 1 Keystone XL kibosh bodes ill for Canada-U.S. ties

By James McCarten, The Canadian Press on January 18th, 2021

WASHINGTON – North America’s perennial pipeline debate erupted anew Monday as president-elect Joe Biden’s Day 1 plan to kill off the Keystone XL project cast a pall over hopes for a fresh start to the Canada-U.S. relationship. Critics cheered and champions fumed at word Biden’s first day in the White House would likely end – ... Read More »

Be the first to comment!

B.C. company turning fly larvae into pet food gets $6M in federal funds

By Bill Graveland, The Canadian Press on January 18th, 2021

CALGARY – A British Columbia company that feeds food waste to insects to produce pet food has received $6 million from the federal government for a new plant just north of Calgary. Enterra Feed Corp. last year opened a 17,500-square-metre production facility, about the size of three football fields. It’s been producing insect-based feed ingredients ... Read More »

Be the first to comment!