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MONTREAL — SNC-Lavalin is eliminating 950 jobs all over the world, including 600 in Canada. The Montreal-based engineering and construction firm says all the employees affected happen to be notified, with most having already left. The company says the downsizing in Canada mainly involves employees in Ontario and Alberta, followed by Quebec, and follows the removal of 4,000 positions in ...

Twitter Google+ Reddit Email Typo?More Comments LinkedIn TumblrPinterest DiggFarkItStumbleUpon OTTAWA – The us government has officially slapped a definition on “upstream emissions,” which are now being factored into all environmental reviews for major oil and gas projects. The Department of Environment and Climate Change quietly released its proposal Friday for which should be come under the classification during environmental assessments of large energy ...

CALGARY — Penn West Petroleum Ltd. says it has negotiated the sale of an additional $230 million of assets, including a formerly core property in the Slave Point section of northern Alberta. The Slave Point transaction may be worth $148 million. The sale of non-core assets will prove to add an additional $80 million in cash. Penn West says the ...

OTTAWA – Canada’s annual inflation rate cooled off to 1.4 per cent in February, down from 2.0 percent in January, mostly because of a decline in gasoline prices. Inflation by province and territories Canada’s national inflation rate was 1.4 percent in February, Statistics Canada says. Here’s what happened within the provinces and territories. (Previous month in brackets): – Newfoundland and ...

TORONTO – David Segal – the David behind DavidsTea Inc. – has resigned as brand ambassador for that Montreal-based tea retailer he created and co-founded. Segal, who first envisioned creating a boutique business to sell blended loose-leaf teas when he would be a student in Quebec, founded the organization in 2008 together with his cousin Herschel Segal, the magnate behind ...

OTTAWA/VANCOUVER/KUALA LUMPUR – A significant liquefied natural gas export project in Canada ran into another delay on Saturday once the federal environmental assessment agency was granted an extra 3 months to finish an impact study. Ottawa did though invest in announcing a final decision around the project this season, which may end a long-running saga for Malaysia’s state-owned oil giant ...

Twitter Google+ Reddit Email Typo?More Comments LinkedIn TumblrPinterest DiggFarkItStumbleUpon TORONTO – An Iranian who invested more than $1-million inside a Toronto-based medical company and was set being its vice-president has been barred from Canada over his alleged links to Tehran’s nuclear program. The Canada Border Services Agency refused to issue a piece permit to Ramin Fallah, 49, labeling him a ...

Vancouver-based PI Financial Corp. has become among the consolidators from the domestic brokerage business having a three-way deal announced Monday. PI has applied for a definitive agreement to acquire the retail clients of two Western Canadian firms, Wolverton Securities and Global Securities Corp. The two deals, announced at the same time, are scheduled to close at different times, in part ...