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How unpaid fines are adding up for IIROC

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It presumably wasn’t intended to be this way but two recent reports from the regulators reveal different levels of performance. There was the report issued Monday by the Ontario Securities Commission, noting an increase in enforcement activity last year with 31 cases commenced compared with 22 in 2014. And there is the discharge from IIROC – the business that oversees ...

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Malaysia’s Petronas threatening to abandon LNG project over new climate change rules

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CALGARY ? Malaysia’s Petronas is frustrated that Prime Minister Justin Trudeau’s climate-change priorities are introducing new uncertainty because of its proposed $36 billion Pacific NorthWest LNG project in northern Bc and it has threatened to walk away whether it does not get federal approval by March 31, according to a source close to the project. Alberta coal power contracts teminated as ...

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PDAC 2016: Stikeman lawyer offers miners alternative to insolvency proceedings

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Like several Canadian lawyers, Stikeman Elliott LLP holds a variety of seminars on mining law during the PDAC convention. The current state of mining industry is perhaps best summed up with the selection of topic that began Stikeman’s set of rapid-fire presentations on Monday morning: insolvency and restructuring. This obviously isn’t the happiest of topics. It’s sort of like going ...

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United Airlines orders 25 more Boeing jets, dashing Bombardier Inc’s hopes again

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United Airlines has ordered another 25 aircraft from Boeing Co., virtually killing Bombardier Inc.’s hopes of selling the CSeries towards the big U.S. carrier. United said Tuesday that it will supplement its previously announced order for 40 narrow-body 737-700 jets with 25 more. “The new 737-700 aircraft are ideal for our fleet as we still reduce our reliance on 50-seat ...

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Canadian bank note to feature a woman in 2018, Trudeau says

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OTTAWA – Prime Minister Justin Trudeau says the financial institution of Canada is looking for a woman to become featured on the new bank note from 2018. Trudeau and Finance Minister Bill Morneau are marking International Women’s Day by announcing the search for a brand new face for the currency. The bank is asking the general public to appoint women ...

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PDAC 2016: Conversation starting to change on Nautilus and seafloor mining

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Seafloor mining is one of those things that a lot of investors won’t have confidence in until it is actually proven to work. But there is an increasing acknowledgement that could well happen soon. As Nautilus Minerals Inc., the pioneer of this business, inches closer and closer to an organized start of operations in 2018, chief executive Mike Johnston said ...

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Oil rally spiked: What’s making crude prices drop after galloping over the $40 hump

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After a six-week rally that saw crude push to the US$40 market, prices took a sharp turn Tuesday on rising U.S. inventories that implies markets have not yet designed a full recovery. “It’s not really an upright line up, there is going to be lots of resets before we move structurally higher at the tail end of the year,” said ...

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Alberta throne speech offers more ‘shock absorber’ incentives, intervention for energy industry

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CALGARY C Vowing to not sit back and “do nothing” because the province struggles via a prolonged recession, the Alberta government is preparing to intervene more directly in the downstream end of the energy industry and the petrochemical industry. Ultimatum to Trudeau: Petronas threatens to abandon $36B LNG project over climate rules Petronas is frustrated that Trudeau’s climate-change priorities are ...

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