A look at the numbers and assumptions behind Alberta’s pension report
By The Canadian Press on September 21st, 2023
The Alberta government has released a report that it commissioned on the financial implications of the province leaving the Canada Pension Plan. Here’s a look at some of the key findings and assumptions of the report. Why is Alberta considering its own pension plan? Premier Danielle Smith says Alberta’s relatively younger population and higher pensionable ... Read More »
Be the first to comment!Rupert Murdoch’s surprise exit from Fox leaves son Lachlan in line of succession at media empire
By David Bauder, The Associated Press on September 21st, 2023
NEW YORK (AP) – Magnate Rupert Murdoch’s surprise announcement Thursday that he’s stepping down as leader of his two companies leaves his son Lachlan firmly in line of succession at Fox and the rest of the media empire. The 92-year-old Australian billionaire’s creation of Fox News Channel has made him an enduring force in American ... Read More »
Be the first to comment!Coastal GasLink fined $340,000 for erosion, sediment control challenges
By The Canadian Press on September 21st, 2023
CALGARY – Coastal GasLink has been fined $340,000 by the B.C. Environmental Assessment Office for issues related to erosion and sediment control. Coastal GasLink, which is owned by Calgary-based TC Energy Corp., says the fines stem from four inspections of its ongoing pipeline construction project that occurred in April and May of 2022. Those inspections ... Read More »
Be the first to comment!Canadian, U.S. markets tumble Thursday after central bank comments on interest rates
By Rosa Saba, The Canadian Press on September 21st, 2023
TORONTO – Losses in base metal and technology stocks helped lead a broad-based decline Thursday as Canada’s main stock index fell more than two per cent. U.S. stock markets also tumbled the day after the U.S. Federal Reserve’s latest rate decision. The Fed held its key interest rate steady, but indicated another hike could be ... Read More »
Be the first to comment!Alberta to debate Canada Pension Plan, says it deserves half of fund if it leaves
By Dean Bennett, The Canadian Press on September 21st, 2023
EDMONTON – Alberta’s premier fired the starter’s pistol Thursday for a provincewide consultation on whether to quit the Canada Pension Plan while releasing a report that estimates the province deserves more than half CPP’s assets. The third-party report says Alberta should get $334 billion, or 53 per cent of the CPP, if it leaves the ... Read More »
Be the first to comment!S&P/TSX composite down more than 400 points, U.S. stock markets also tumble
By The Canadian Press on September 21st, 2023
TORONTO – Losses in base metal and technology stocks helped lead a broad-based decline Thursday as Canada’s main stock index fell more than two per cent and U.S. stock markets also tumbled. The S&P/TSX composite index closed down 423.07 points at 19,791.62. In New York, the Dow Jones industrial average was down 370.46 points at ... Read More »
Be the first to comment!Stock market today: Stocks tumble in an ugly day as allure grows to buy a Treasury bill and chill
By Stan Choe, The Associated Press on September 21st, 2023
NEW YORK (AP) – Wall Street slumped as stocks fell worldwide on expectations for U.S. interest rates to stay high well into next year. The S&P 500 lost 1.6% Thursday, its worst drop since March. Big Tech stocks tumbled again after the Federal Reserve indicated Wednesday it may cut rates next year by only half ... Read More »
Be the first to comment!Hot dog! The Wienermobile is back after short-lived name change
By The Associated Press on September 21st, 2023
MADISON, Wis. (AP) – Some names are just the wurst. Just four months after announcing that the hot dog-shaped Wienermobile was changing its name to the Frankmobile, the one-of-a-kind wiener on wheels is reverting to the original. Oscar Mayer announced Wednesday on Instagram that the Frankmobile is toast. The Wienermobile rides again. The name change ... Read More »
Be the first to comment!Pathways Alliance watching Trans Mountain’s latest hurdles with dismay
By The Canadian Press on September 21st, 2023
CALGARY – The group behind a proposed carbon capture and storage network for Alberta’s oilsands is watching the Trans Mountain pipeline expansion’s latest regulatory hurdles with dismay. The Pathways Alliance, a consortium of Canada’s biggest oilsands companies, wants to get its proposed $16.5-billion carbon pipeline and underground storage hub up and running in northern Alberta ... Read More »
Be the first to comment!Alberta deserves more than half CPP assets if it exits program: report
By The Canadian Press on September 21st, 2023
CALGARY – A report commissioned by the Alberta government estimates the province would be entitled to more than half the assets of the Canada Pension Plan if it were to exit the national retirement savings program and go it alone. A third-party report compiled by consultant Lifeworks calculates that if Alberta gave the required three-year ... Read More »
Be the first to comment!CP NewsAlert: Alberta deserves more than half CPP assets if it exits program: report
By The Canadian Press on September 21st, 2023
CALGARY – A report commissioned by the Alberta government says the province would be entitled to more than half the assets of the Canada Pension Plan ““ $334 billion ““ if it were to exit the national retirement savings program in 2027. More coming... Read More »
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