November 21st, 2019

Business

TC Energy Corp. banking on ‘in-corridor’ growth as hurdles await new projects

By Dan Healing, The Canadian Press on November 19th, 2019

CALGARY – Ongoing court challenges and taller regulatory hurdles that are delaying or preventing new energy pipelines mean TC Energy Corp. will focus its growth on organic expansions going forward, CEO Russ Girling said Tuesday. The growing opposition to carbon-based fuels, however, doesn’t mean North American demand for those fuels will abate any time soon, ... Read More »

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Federal government urges CN and union to continue talks as strike begins

By The Canadian Press on November 19th, 2019

MONTREAL – The federal government urged Canadian National Railway Co. and the Teamsters Canada Rail Conference to continue negotiating as roughly 3,200 conductors, trainpersons and yard workers went on strike. Labour Minister Patty Hajdu says the government is concerned about the impact of a work stoppage on Canadians, but remains hopeful the two sides will ... Read More »

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Statistics Canada says manufacturing sales fell 0.2 per cent in September

By The Canadian Press on November 19th, 2019

OTTAWA – Statistics Canada says manufacturing sales fell 0.2 per cent in September to $57.4 billion, weighed down by a drop in the petroleum and coal product and the motor vehicle parts industries. The federal agency says the move lower followed a 0.8 per cent increase in August. Economists had expected a decline of 0.6 ... Read More »

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TC Energy Corp. expects annual dividend growth to slow beyond 2021

By The Canadian Press on November 19th, 2019

CALGARY – TC Energy Corp. says it expects its dividend to grow at an annual rate of eight to 10 per cent through 2021, but then growth in its regular payments to shareholders is expected to slow. The pipeline company says that beyond 2021 it expects its dividend to grow at an average annual rate ... Read More »

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George Weston Ltd. reports third-quarter profit up from year ago mark

By The Canadian Press on November 19th, 2019

TORONTO – George Weston Ltd. reported its third-quarter profit rose compared with a year ago, boosted in part by improved performance at Loblaw Companies Ltd. and its direct ownership interest in Choice Properties as a result of a reorganization last year. The Toronto-based retail, bakery and real estate business says it earned a profit attributable ... Read More »

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More than 3,000 Canadian National Railway rail workers on strike, union says

By The Canadian Press on November 18th, 2019

MONTREAL – About 3,200 Canadian National Railway conductors, trainpersons and yard workers are on strike after the union and company failed to reach a deal by the midnight deadline. The Teamsters Canada Rail Conference, the union representing the employees, gave the required 72-hour strike notice on the weekend. Union spokesman Christopher Monette says they are ... Read More »

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Great Panther reports second mining fatality in less than two weeks

By The Canadian Press on November 18th, 2019

Vancouver-based Great Panther Mining Ltd. says an employee was killed late Sunday at the processing plant of its Coricancha Mine complex in Peru. The news comes less than two weeks after Great Panther reported a contractor’s 41-year-old employee was killed at its San Ignacio underground mine in Mexico during a rock fall at an auxiliary ... Read More »

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Ontario tribunal upholds Toronto rules on short-term rentals like Airbnb

By Ian Bickis, The Canadian Press on November 18th, 2019

TORONTO – An Ontario tribunal has upheld rules passed by the City of Toronto on short-term rentals like Airbnb. The Local Planning Appeal Tribunal said in a ruling released Monday that it has dismissed an appeal by several residents who objected to the rules that put limits on how people can rent out their properties. ... Read More »

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TSX snaps 11-day winning streak while U.S. stock market hit new highs

By The Canadian Press on November 18th, 2019

TORONTO – Canada’s main stock index snapped an 11-day winning streak while U.S. stock markets inched up to new highs. The S&P/TSX composite index closed down 3.36 points at 17,025.11. In New York, the Dow Jones industrial average was up 31.33 points at 28,036.22. The S&P 500 index was up 1.57 points at 3,122.03, while ... Read More »

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Tribunal upholds Toronto rules on short-term rentals like Airbnb

By The Canadian Press on November 18th, 2019

TORONTO – An Ontario tribunal has upheld rules passed by the City of Toronto on short-term rentals like Airbnb. The Local Planning Appeal Tribunal says it has dismissed an appeal by several residents who objected to the rules that put limits on how people can rent out their properties. Tribunal member Scott Tousaw says in ... Read More »

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