Business
Alberta to relax rule on buying oil, gas wells if municipal taxes unpaid
By Bob Weber, The Canadian Press on July 15th, 2024
EDMONTON – The Alberta government plans to relax a rule that requires energy companies seeking to buy viable wells from bankruptcy proceedings to first pay all the failed producer’s outstanding taxes. “I have informed the Alberta Energy Regulator and the Orphan Well Association that my office will be amending the order in a way that ... Read More »
1 response‘Anti-scab’ law could wreak havoc on telecom networks during strikes, industry warns
By Sammy Hudes, The Canadian Press on July 15th, 2024
The industry representing Canadian telecommunications carriers and manufacturers is warning that new “anti-scab” legislation could leave Canadians in the dark if a network goes down during a labour stoppage. Bill C-58, which received royal assent last month, bans federally regulated workplaces from bringing in replacement workers during a legal strike. It also amends the Canada ... Read More »
1 responseRestaurants increasingly welcoming dogs with pawgaritas, barkuterie boards
By Tara Deschamps, The Canadian Press on July 14th, 2024
At Okini Restaurant and Bar in Vancouver, co-owners Steph Wan and Kevin Lin craft gorgeous plates of AAA steak served with duck fat potatoes and broccolini, and golden eagle sablefish doused in a fuji apple broth and adorned with zucchini. But it’s the clientele feasting on these meals that make the restaurant stand out. The ... Read More »
1 responseQuebec town leaders, residents unite to decide fate of mine with ties to Pentagon
By Joe Bongiorno, The Canadian Press on July 13th, 2024
MONTREAL – Five Quebec municipalities located by a proposed site for a graphite mine with ties to the Pentagon have created an alliance to accelerate public consultations on the project and pressure the provincial government to listen to what locals have to say. When Lomiko Metals Inc., a mining company based in Surrey, B.C., announced ... Read More »
1 responseCan AI be an author? Federal Court asked to decide in new copyright case
By Anja Karadeglija, The Canadian Press on July 13th, 2024
OTTAWA – The Federal Court of Canada is being asked to declare that only humans – and not artificial intelligence – can be considered authors under Canada’s copyright law. It’s the first court case in the country testing how the Copyright Act treats artificially generated content, like the text, images and videos created by systems ... Read More »
Be the first to comment!Civil rights trailblazer Viola Desmond’s childhood home in Halifax conditionally sold
By The Canadian Press on July 12th, 2024
HALIFAX – A historical piece of real estate in Halifax that is listed as the childhood home of Viola Desmond has been conditionally sold. The listing says the three-bedroom, two-bathroom home on Maynard Street is “the childhood home of trailblazer, female entrepreneur and civil rights activist Viola Desmond” and sits across from the former residence ... Read More »
1 responseCalgary says decision on lifting outdoor water ban coming Monday
By The Canadian Press on July 12th, 2024
CALGARY – A Calgary official says the city is set to announce Monday whether it’s ready to lift its mandatory ban on outdoor watering. The ban has been in place since a major water feeder main burst on June 5. Francois Bouchard, director of the city’s capital priorities and investment unit, says a decision will ... Read More »
1 responseFirm says production may never resume at Yukon gold mine after ore-slide disaster
By The Canadian Press on July 12th, 2024
MAYO, YUKON, CANADA – The Victoria Gold mining company says it’s uncertain if it will ever resume production or if it has the financial resources to repair damage and fix the environmental impact of last month’s ore-slide disaster at its Eagle Gold mine in Yukon. The company also says in an update that there’s “no ... Read More »
1 responseIndigo founder acknowledges ‘tough four years’ for bookstore chain
By The Canadian Press on July 12th, 2024
MONTREAL – Heather Reisman says she made the wrong decision in stepping back from the helm of Canada’s biggest bookstore chain. The Indigo founder says the COVID pandemic and her temporary departure as chief executive in 2022 cost the company $280 million in cash. During her first public appearance since the bookstore giant went private ... Read More »
Be the first to comment!S&P/TSX composite breaks more records as investor optimism grows
By The Canadian Press on July 12th, 2024
TORONTO – Canada’s main stock index achieved another record high close Friday, after also hitting an all-time intraday record thanks to growing investor optimism about future interest rate cuts. The S&P/TSX composite index was up 129.39 points at 22,673.52. In New York, the Dow Jones industrial average was up 247.15 points at 40,000.90. The S&P ... Read More »
Be the first to comment!Stock market today: Wall Street rolls to another winning week
By Stan Choe, The Associated Press on July 12th, 2024
NEW YORK (AP) – U.S. stocks ended higher after some mixed signals on big banks’ profits and inflation did little to dent Wall Street’s belief that easier interest rates are on the way. The S&P 500 rose 0.6% Friday in a widespread rally, closing its fifth winning week in the last six. The Dow Jones ... Read More »
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