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CALGARY C The Alberta government is gearing up for a fight using the province’s power industry simultaneously as it appointed a negotiator Wednesday to develop terms for any coal-fired power phase out. Economic Development and Trade Minister Deron Bilous said at a press conference Wednesday that power companies in Alberta were exploiting “loopholes” within the power market. He explained the government ...

As traditional automakers scramble to invest in ride-hailing and car-sharing services, a new study shows that they’re probably likely to end up cannibalizing their very own customers. The American Public transit Association (APTA) surveyed more than 4,500 users of shared mobility in seven U.S. cities and found that people who use services like Uber, Lyft and Zipcar are significantly less ...

Canada’s largest pension funds have advice for Justin Trudeau’s government as it prepares to double its infrastructure investments within the next decade: stick to the Australian model and think big. The funds, which manage a lot more than $760 billion in combined assets, say they need large projects like airports, toll roads and ports to warrant their time and investment ...

NEW YORK – Next week’s federal budget will restore age eligibility for senior years security to 65, says Pm Justin Trudeau. Trudeau says the choice by the previous government to increase it to 67 would be a mistake and there must be more thought provided to the system of supporting seniors. “Tweaking age like this is an extremely simplistic solution ...

CALGARY — Shareholders are pushing Canada’s dominant oilsands player to supply more detail on two sticky topics: its intends to thrive under tougher climate policy and its political lobbying. Separate shareholder proposals happen to be filed in front of Suncor Energy’s annual general meeting next month — with one greeted a lot more warmly than the other by the company. ...

Chipotle Mexican Grill Inc.’s food-safety crisis has taken an unwanted milestone to the beleaguered restaurant chain: its first quarterly loss as a public company. The company, which saw sales fall for a minimum of the 3rd straight month in February, now expects a loss of revenue of US$1 a share or more in the first quarter, according to an argument ...

MONTREAL – Canada’s government has finished studying a request from struggling planemaker Bombardier Inc for $1 billion in aid and it is preparing to make a comment within weeks, according to a resource with direct knowledge of the situation. Bombardier wants the money to help finance its new CSeries passenger jet, which faces tough competition from Europe’s Airbus Group SE ...

OTTAWA – Canada’s exporters appear to be finally delivering the goods. Not only are the country’s manufacturers enhancing product sales, but they’re doing it in record numbers based on the latest numbers for January – with food products, vehicles and auto parts driving a lot of the gain. Statistics Canada said Wednesday that manufacturing sales jumped 2.3 per cent to ...