Feb 5 2022 — Dan Healing, The Canadian Press — The Canadian Press — TORONTO — Known for his trademark bow ties and imposing six-foot-two presence, John Allen Honderich was an old-fashioned newspaperman with ink in his veins and a hearty lust for life. The Canadian businessman who was the publisher of the Toronto Star from 1994 to 2004, has died. Honderich passed away in his Toronto home at […]
Apr 5 2021 — Dan Healing, The Canadian Press — TORONTO — Strong economic news from south of the border and optimism about the end of the pandemic drove Canada's main stock index to a record close in post-Easter trading on Monday, despite lower oil prices. The S&P/TSX composite index closed up 36.47 points at 19,026.79 after setting a new intraday high of 19,064.88. The […]
Mar 5 2021 — Dan Healing, The Canadian Press — CALGARY — Projects that qualify to sell federal greenhouse gas emission credits to offset industrial carbon taxes will have to have been started in the past four years and go "beyond business-as-usual practices" under proposed regulations unveiled by Ottawa. To qualify for federal GHG credits, projects must be situated in Canada, have been started after […]
Jan 20 2021 — Dan Healing, The Canadian Press — CALGARY — Alberta Premier Jason Kenney is calling for the federal government to impose economic sanctions against the United States in response to newly inaugurated U.S. President Joe Biden's "gut punch" decision to tear up the permit for the Keystone XL oil pipeline expansion. "As friends and allies of the United States, we are deeply […]
Jan 20 2021 — Dan Healing, The Canadian Press — CALGARY — Newly inaugurated U.S. President Joe Biden carried out his campaign promise to tear up the presidential permit keeping the Keystone XL expansion alive on Wednesday, hours after the pipeline owner said it would halt work on the project. Prime Minister Justin Trudeau expressed disappointment at the news. "While we welcome the President's commitment […]
Jan 5 2021 — Dan Healing, The Canadian Press — TORONTO — The chief executive of Nunavut gold miner TMAC Resources Inc. says Ottawa's decision on Dec. 21 to block its sale to a Chinese company ruined his Christmas break, but turned out to be a blessing in disguise. On Tuesday, TMAC announced a deal to be sold to Canadian gold miner Agnico Eagle Mines […]
Dec 22 2020 — Dan Healing, The Canadian Press — CALGARY — The CEO of TMAC Resources Inc. says there's a "silver lining" to news that Ottawa will not allow the sale of his mining company to China's Shandong Gold Mining Co. Ltd. The company announced Tuesday it had been informed the $230-million sale of TMAC, whose main asset is a gold mining project at […]
Jul 22 2020 — Dan Healing, The Canadian Press — CALGARY — A report that says the Trans Mountain pipeline system has earned net income of $29 million in the 19 months since it was purchased by Ottawa relies on faulty accounting, according to a vocal critic of the project. The oil conduit running from Edmonton to the Vancouver area had operating revenues of $728 million, […]
Jun 17 2020 — Dan Healing, The Canadian Press — The concentration of wealth among Canada's richest one per cent is deeper than previously believed, according to a federal government report based on a new modelling approach. The top one per cent of Canada's families hold about 25.6 per cent of the wealth — roughly $3 trillion — up from 13.7 per cent estimated under previous […]
May 11 2020 — Dan Healing, The Canadian Press — CALGARY — A federal financing relief package for large Canadian companies was applauded by the oil and gas sector and the Alberta government on Monday despite conditions that could link the aid to an individual company's climate change goals. In Edmonton, Alberta Finance Minister Travis Toews welcomed the announcement, saying that the province's large companies, particularly in oil and […]
Apr 16 2020 — Dan Healing, The Canadian Press — CALGARY — Pieridae Energy Ltd., the company planning to build a $10-billion LNG export facility in Nova Scotia, says it will delay making a final investment decision expected this fall because of depressed global LNG markets and the COVID-19 pandemic. Meanwhile, CEO Alfred Sorensen said the company is continuing to lobby the federal and provincial governments for financial […]
Apr 14 2020 — Dan Healing, The Canadian Press — TORONTO — Companies with mines in Quebec are moving to restart suspended operations after the province announced Monday it would redesignate mining, residential construction, auto mechanics and landscaping operations as essential services starting Wednesday. The industries were included in a three-week shutdown of all non-essential services in Quebec starting March 24 to try to limit the spread of the COVID-19 pandemic. The […]
Apr 7 2020 — Dan Healing, The Canadian Press — Patience in Alberta is wearing thin for a promised aid package from the federal government for the oil and gas sector, Alberta Energy Minister Sonya Savage said Tuesday. The industry doesn't want a bailout, but instead help to cope with short-term liquidity problems caused by the plunge in global oil prices that has forced cuts in investment […]
Mar 31 2020 — Dan Healing, The Canadian Press — CALGARY — A final investment decision clearing the way for construction of the long-delayed Keystone XL Pipeline was greeted with relief on Tuesday by an Alberta oilpatch where production has grown faster than pipeline capacity. The decision by Calgary-based TC Energy Corp. to go ahead with the US$8-billion project was widely anticipated after it cleared major U.S. regulatory hurdles […]
Mar 13 2020 — Dan Healing, The Canadian Press — TORONTO — Canada's main stock index staged nearly a 10 per cent rebound on Friday as hopes rose for government stimulus to ease the economic impact of the coronavirus outbreak and a crash in oil prices. But despite regaining some of the ground it gave up in its biggest one-day drop on record on Thursday, the market still […]