Energy
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Ottawa should adopt a proportional tax rate of 10.5% to stay competitive, says MEI
The Montreal Economic Institute is proposing the Trudeau government change course, slashing corporate tax rates to maintain a competitive edge against Trump’s proposed cuts south of the border
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Surging oil prices not enough to stoke oil patch investments, say analysts
Producers have been reluctant to make a cash commitment because the market has been so volatile. Analysts expect most capital spending programs will grow by less than 10 per cent next year
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Business coalition urges 5-year transition for Ontario minimum wage hike
The Keep Ontario Working Coalition said implementing the change over a five-year-period, instead of the planned 15 months, it could decrease the risk of job losses by 74 per cent
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Canadian SME employees lack confidence in firm cybersecurity
46 per cent of Canadian employees polled by cybersecurity firm ESET believe their businesses are at risk, but, puzzlingly, a majority of the same respondents said they spend enough time and money to protect company data
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U.S. Democrats side with Canada on NAFTA labour standards
Congressman Sander Levin said if the Republicans hope to eventually get their NAFTA bill through Congress, it’s “absolutely essential” the bill include progressive labour standards
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$15 minimum wage could cost Ontario up to 90,000 jobs, TD says
A new economic analysis from the Canadian bank said the wage hike will also slow the Ontario economy’s overall growth rate
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Small Alberta town plans to extract a different kind of energy from abandoned wells
Hinton, west of Edmonton on the edge of the Rocky Mountains, is teaming up with academic researchers and the private sector to install what may be Canada’s first geothermal heating system in its downtown core
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Ontario government to spend $5.5M advertising hydro bill cuts, docs show
The files, obtained through a freedom of information request cite “negative media coverage” and rising electricity costs as two key justifications for the advertising campaign
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Chief U.S. NAFTA negotiator denies slow-motion talks are a ploy to scuttle trade deal
John Melle said he sees no issue with the pace of the talks amid criticism the U.S. has yet to table details on any of the most contentious issues
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Calgary’s Veresen reapplies to build US$10B Oregon LNG project
The company submitted a new proposal to the U.S. Federal Energy Regulatory Commission to address the landowner complaints that led to a rejection of its 2016 application