September 18th, 2021

Business

TC Energy sells remaining 15 per cent stake in Northern Courier Pipeline

By The Canadian Press on September 16th, 2021

CALGARY – TC Energy Corp. says it has signed a deal to sell its remaining 15 per cent stake in the Northern Courier Pipeline to a partnership including Suncor Energy Inc. and eight Indigenous communities. Financial terms of the agreement were not immediately available. The Astisiy Limited Partnership includes the Athabasca Chipewyan First Nation, Chipewyan ... Read More »

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Indonesian court rules president negligent over pollution

By Niniek Karmini, The Associated Press on September 16th, 2021

JAKARTA, Indonesia (AP) – An Indonesian court ruled Thursday that President Joko Widodo and six other top officials have neglected to fulfill citizens’ rights to clean air and ordered them to improve the poor air quality in the capital. The Central Jakarta District Court panel voted 3-0 in favor of the group of 32 residents ... Read More »

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SpaceX launches 4 amateurs on private Earth-circling trip

By Marcia Dunn, The Associated Press on September 15th, 2021

CAPE CANAVERAL, Fla. (AP) – SpaceX’s first private flight blasted off Wednesday night with two contest winners, a health care worker and their rich sponsor, the most ambitious leap yet in space tourism. It was the first time a rocket streaked toward orbit with an all-amateur crew – no professional astronauts. The Dragon capsule’s two ... Read More »

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Energy, financials propel S&P/TSX composite to best day in nearly two months

By The Canadian Press on September 15th, 2021

TORONTO – Canada’s main stock index had its best day in nearly two months as the heavyweight energy and financials sectors got lifts from rising crude oil prices and bond yields. The S&P/TSX composite index closed up 140.54 points to 20,693.79. In New York, the Dow Jones industrial average was up 236.82 points at 34,814.39. ... Read More »

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Salaries expected to rise, but real wages of workers could edge down after inflation

By Brett Bundale, The Canadian Press on September 15th, 2021

Wages are expected to go up in Canada next year, but workers may not feel the difference if salary gains are eroded by rising inflation, according to a new survey and data released Wednesday. A LifeWorks survey on the salary plans of Canadian employers showed a projected average annual pay increase of 2.5 per cent ... Read More »

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Rising gas, furniture, car prices drive inflation rate to highest since 2003

By Jordan Press, The Canadian Press on September 15th, 2021

OTTAWA – Prices for furniture, gasoline, food, cars and more leaped higher in August compared with the same month a year earlier as the consumer price index hit a near two-decade high. The rise was driven by the rollback in economic restrictions as well as supply-chain issues, like those for semiconductors that helped drive price ... Read More »

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DIY-ers benefit from lower prices in aftermath of lumber price correction

By Amanda Stephenson, The Canadian Press on September 15th, 2021

CALGARY – Homeowners who resisted the urge to renovate during the first 18 months of the pandemic may find now is their chance, as lumber prices that soared to dizzying heights in the spring have crashed back down to earth. At family-run Peacock Lumber in Oshawa, Ont., owner Glen Peacock said retail prices have “collapsed” ... Read More »

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Pandemic recovery for Indigenous tourism will be slow, says report

By The Canadian Press on September 15th, 2021

VANCOUVER – The Indigenous Tourism Association of Canada is making a bleak prediction about its members’ ability to rapidly recover from the COVID-19 pandemic. The association says even with the very best travel conditions, Indigenous tourism operations are not expected to return to pre-pandemic levels until 2028. A report from the association and the Conference ... Read More »

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CP to acquire Kansas City Southern in US$31B deal after CN drops bid

By The Canadian Press on September 15th, 2021

MONTREAL – The battle between rival Canadian railways over Kansas City Southern is over. Canadian Pacific Railway Ltd. said Wednesday it has reached a deal to acquire KCS for approximately US$31 billion, after Canadian National Railway Co. dropped its rival takeover offer for the U.S. railway. The news came after KCS on Sunday ruled the ... Read More »

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WestJet names CFO interim chief executive as search for permanent replacement ongoing

By The Canadian Press on September 15th, 2021

CALGARY – WestJet Airlines Ltd. has named Harry Taylor its interim president and chief executive. Taylor has been WestJet’s chief financial officer since 2015. He will assume the interim CEO role between late November and mid-December 2021. Taylor will replace current WestJet chief executive Ed Sims, who announced in June his plans to retire at ... Read More »

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