Find us on Facebook Follow us on Twitter

National Business

Warren Buffett criticizes Keystone XL delay, says U.S. ’thumbing nose’ at Canada

WASHINGTON — The Keystone XL pipeline got an emphatic endorsement Monday from a powerful backer of President Barack Obama who questioned the handling of the file.

To billionaire investor Warren Buffett, the delay is a thumbing of the nose at Canada. READ

Another N.W.T. aboriginal group sues Ottawa over resource control

Another group of northern aboriginals is taking the federal government to court in a dispute over resource development. READ

OSC bans Conrad Black from holding company director, officer roles

Former media baron Conrad Black has been permanently banned from acting as a corporate director or officer of a public or private company in Ontario. READ

Obama vetoes Keystone XL pipeline bill

President Barack Obama has vetoed a bill that would have approved construction of the privately funded Canadian Keystone XL oil pipeline. READ

Bank of Canada governor Stephen Poloz says impact of oil drop still unclear

The impact of lower oil prices and how much they will hurt Canada’s economy remains unclear, but last month’s surprise rate cut gives the Bank of Canada time to figure out how best to steer the country back toward stability, bank governor Stephen Poloz said Tuesday. READ

Obama intends to quietly kill off Keystone XL bill, White House confirms

President Barack Obama is about to make good on his oft-stated threat to veto legislation to build the Keystone XL pipeline, a spokesman announced Monday. READ

Feds introduce new liability standards, safety inspection rules for railways

The federal government says it will beef up rail safety inspections, demand higher insurance liability from small carriers and create a disaster relief fund paid for by oil producers — the latest response to 2013’s deadly oil-by-rail tragedy in Lac-Megantic, Que. READ

RCMP lays fraud, corruption charges against SNC-Lavalin, subsidiaries

The RCMP has laid fraud and corruption charges against Montreal-based engineering firm SNC-Lavalin and two of its subsidiaries. READ

U.S. Congress set to pass bill approving Keystone

The United States Congress is set to send a bill approving the privately funded Canadian Keystone XL oil pipeline project to President Barack Obama, who has vowed to veto it. READ

TransCanada tells U.S. State Dept. that EPA got Keystone XL assessment wrong

TransCanada Corp. is challenging the U.S. Environmental Protection Agency’s view that the Keystone XL pipeline’s role in climate change must be reconsidered in light of the steep drop in crude prices. READ

Canada adds 35,400 jobs, jobless rate dips to 6.6% amid rise in part-time work

The Canadian job market rode a wave of gains in part-time work last month as it beat modest forecasts and appeared to keep the expected oil-slump fallout at bay a little longer. READ

Ottawa, industry celebrate as oilsands victory in EU made official

Oilsands crude can now be sent to Europe without a “dirty oil” label, but that doesn’t necessarily mean a parade of bitumen-filled tankers will be crossing the Atlantic any time soon. READ

Canadian government: ’Very optimistic’ trade war might be averted with U.S.

WASHINGTON — The Canadian government is expressing optimism that a trade war might be averted with the United States in a long-standing dispute over agricultural products. Agriculture Minister Gerry Ritz says he likes what he heard this week during a trip to Washington, and senses a willingness to adjust a U.S. regulatory policy at the heart of the dispute. READ

EU leaders say trade deal with Canada is done

The European Union leadership presented a united front on their trade agreement with Canada on Friday in an attempt to dampen concerns that some European countries might still scuttle the deal. READ

Nortel not just Canadian company, IP not solely created in Canada: U.S. lawyer

TORONTO — It’s a fallacy to think of Nortel Networks as just a Canadian company and that its intellectual property was created solely in Canada, a lawyer for its U.S. subsidiary said Tuesday at a cross-border bankruptcy trial that will decide how remaining assets are shared among creditors. READ

Oliver rejects report calling for spending to create jobs, less focus on deficit

Finance Minister Joe Oliver is rejecting a recommendation from a report issued by the C.D. Howe Institute that he focus more on creating jobs than eliminating a tiny deficit. READ

Wave of smarter data collection could transform how business works

A new wave of intelligent sensors, cameras and tracking devices is expected to sweep across Canada over the next few years, quickly transforming how business is done — much as smartphones took communications to a new level of performance. READ

Former ambassador not confident Keystone will be approved

MONTREAL — A former Canadian ambassador says he’s less confident now than he was a few years ago about the U.S. giving the Keystone XL pipeline project the green light. READ

Canada Post reports Q1 loss

OTTAWA, Ont. — Canada Post had a $27-million loss before taxes in the first quarter of this year amid an overall drop in revenue as it handled lower volumes of bills and statements delivered by mail. READ

Business to have role in Arctic debates, says Aglukkaq

Creating a bigger presence for industry at the world’s premiere international forum on northern issues won’t distract from its work on environmental problems, says the Conservative cabinet minister about to lead the group. READ

NEXT PAGE
follow us on twitter

Featured partners