Oil & Gas
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TransCanada blames ‘substantial uncertainty’ in cancelling $15.7B Energy East pipeline
TransCanada cites an NEB decision to consider greenhouse gas emissions from the production and processing of the oil it transports in the pipeline, but opponents of the project said the company realized it wasn’t needed
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Canada’s trade deficit increased to $3.4B in August
Statistics canada says the trade surplus with the U.S. narrowed to $2.3 billion in August as the Canadian dollar strengthened, but the country’s trade deficit with countries other than the U.S. slipped to $5.7 billion
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‘You can’t reverse an omelette’: Chretien brushes off Trump NAFTA threats
The former PM said Canadians shouldn’t be too concerned about the U.S. pulling out of NAFTA, but warned the worst-case scenario would cost both countries “dearly”
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TransCanada cancels Energy East mega pipeline
Calgary-based Transcanada is informing the National Energy Board that it is no longer pursuing applications for Energy East or its Eastern Mainline projects
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Many Ontario workers exposed to cancer-causing hazards: report
According to a report by Cancer Care Ontario and the Occupational Cancer Research Centre, asbestos, diesel engine exhaust and silica are putting Ontario workers at risk from various cancers
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Trudeau flies to Washington, Mexico City amid turbulence in NAFTA talks
The prime minister will meet with both his U.S. and Mexican counterparts. With trade talks deepening, one strategist says Trudeau’s goal should be to learn Trump’s intentions
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U.S. tech workers increasingly looking for careers in Canada: report
Job listings company Indeed says search data shows the average American clicks on Canadian job listings for roughly 12 per cent of their total search, but tech workers do so for nearly 30 per cent
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Across the political spectrum, Americans really like trading with Canada
A new report shows an overwhelmingly positive view of the commercial relationship with Canada, and that the opinion is a rare matter of partisan consensus
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Osum Oil Sands sells royalties on future production to raise cash
The privately-held company plans a 3,000-barrel-per-day expansion of its Orion project to take output to over 12,000 barrels per day by mid-2019
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Tax reforms could be ‘devastating’ for small manufacturers, CME says
As blowback against the federal tax changes continues, the manufacturing and exporting association says the reforms pursue “too-narrow” a definition of tax fairness