News
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Cenovus to sell Palliser project to Torxen and Schlumberger for $1.3B
This is the latest in a string of assets the Calgary-based oilsands company Cenovus has sold to reduce its debt
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Deadline to decide on Super Hornet purchase is rapidly approaching
The U.S. offer of Super Hornet fighter jets expires at the end of the year, and missing that deadline carries a risk that the price will go up or the planes will have to be delivered later
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Ontario First Nation testing drone delivery, looks to create jobs, slash shipping costs
Depending on the season, the island community currently uses barges and ice roads to ship in goods, but must fill gaps with pricey helicopters
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Two CN trains derailed by powerful gusts as windstorms strike Prairies
67 rail cars were pushed off the tracks by 120 kilometre per hour winds outside Huxley, Alta; another 13 derailed on a separate train near Wainwright, Alta.
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OPG spending $25M to retrofit century-old Ranney Falls hydro plant
The project will add new capacity to the Campbellford, Ont. power station that has been generating electricity since before the Great Depression
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Amazon would save $1.5B a year in salaries if it moves to GTA: advisor
Premier Kathleen Wynne’s business adviser Ed Clark says the province plans to ramp up training for students offers highly-trained talent at a savings when compared to most U.S. jurisdictions
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Manufacturing sales make U-turn in August, tick up 1.6%
Statistics Canada says the increase was driven by higher sales in the transportation equipment and petroleum and coal product industries
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Google sister company to help build high tech community on Toronto waterfront
Alphabet-owned Sidewalk Labs has been chosen to build a smarter, greener neighbourhood on Toronto’s once-industrial eastern waterfront.Google will also relocate its Canadian headquarters to headline the new development
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Airbus, Ottawa negotiated long-term requirements before inking CSeries deal
Sources say some terms were negotiated in advance by the government and Airbus, which include keeping 100 per cent of those employed at Bombardier’s Mirabel plant and repaying the recent $372-million federal loan to Bombardier
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Quebec CSeries workers have mixed feelings about Bombardier-Airbus deal
Speaking about the tough trade-off, one union co-ordinator said it’s “better to build (a plane) for 70 per cent of the market and sell thousands of planes, than build 100 per cent of an aircraft… and we sell no planes at all”