EDMONTON - The NDP government's plan to get Alberta out of the low-oil debt spiral is only going to make things worse, Wildrose Leader Brian Jean said Tuesday in a televised, provincewide address.Jean said the province can't spend and borrow its way out of the current fiscal crisis."Interest payments will soon be the largest expense in government after health, education and social services," said Jean in the short speech, which served as a rebuttal to last week's kitchen-table TV address by [Read more]
Quebec businesses support Energy East pipeline, advocacy group president says
TORONTO - Quebec businesses have not done a good enough job promoting the economic benefits the Energy East project would bring to the province, the president of Quebec Manufacturers and Exporters said Tuesday.It's up to Quebec's business lobby to step up and make the pipeline happen in a province where it faces strong opposition, Eric Tetrault told a panel discussion in Toronto."Business gets it now and it's going to step forward and make our government support those projects," Tetrault said at [Read more]
Calgary commercial real estate vacancies hit 19.5% as layoffs continue
CALGARY - A new report says Calgary's downtown offices got a bit emptier in the first three months of the year as vacancies rose 2.2 percentage points from last quarter.The Barclay Street Real Estate Ltd. report says vacancies rose to 19.5 per cent as about 938,000 more square feet were on the market. It said by 2018 the vacancy rate could be close to 24 per cent.The increased vacancies come as energy companies continue to announce layoffs and consolidate operations due to low oil [Read more]
Environmental group files lawsuit over ‘expired’ Shell Arctic oil permits
Environmentalists have asked a court to declare invalid a group of Arctic offshore energy exploration permits that are delaying the creation of Canada's third national marine protected area.On Monday, the World Wildlife Fund filed a lawsuit in Federal Court alleging that 30 permits held by Shell Canada at the eastern gate of the Northwest Passage lapsed decades ago."There's no indication they've ever been renewed," said Ian Miron, the group's lawyer.The federal government and regional Inuit [Read more]
Alberta NDP scraps plan for tax credits to woo employers to create jobs
EDMONTON - Alberta's NDP government has scrapped a plan that was intended to create up to 27,000 jobs this year by rewarding businesses that hired new employees.The incentive program once hailed by Premier Rachel Notley planned to offer tax credits worth $89 million in the first year for businesses putting new people to work.Hiring was to be encouraged by refunding 10 per cent of each new employee's salary to a maximum salary of $50,000.Economic Development Minister Deron Bilous said employers [Read more]
Veresen seeks new U.S. regulatory hearing on request for Jordan Cove LNG project
CALGARY - Veresen Inc. (TSX:VSN) is making another attempt to get U.S. regulatory approval for the Jordan Cove liquefied natural gas project.The Calgary-based company confirms that it has asked the U.S. Federal Energy Regulatory Commission to reconsider its opposition to the terminal and an associated pipeline to Oregon's coast at the port of Coos Bay.The U.S. energy regulator rejected the application on March 11, in part because Veresen didn't have signed sales contracts.In the following weeks, [Read more]
Keystone pipeline reactivated at low pressure following spill in South Dakota
SIOUX FALLS, S.D. - Oil is flowing once again through the Keystone pipeline after a leak in South Dakota caused a shutdown that lasted more than a week.TransCanada says in a news release that the cross-border line was restarted Sunday following permission that was granted by the Pipeline and Hazardous Materials Administration in the U.S.The company says the line will operate at a reduced pressure as part of the plan that was approved to return it to service.The leak, which was reported April 2, [Read more]
Federal New Democrats spurn Notley, agree to debate anti-pipeline manifesto
EDMONTON - Federal New Democrats spurned the pleas of their Alberta brethren and signalled a desire to shift their party back to the left Sunday by agreeing to explore the merits of a manifesto that calls for more drastic action to combat climate change.Adoption of the principles of the Leap Manifesto came just hours before delegates to the NDP's national convention voted to replace leader Tom Mulcair, who led the party to a disappointing third-place finish in last fall's election on a moderate, [Read more]
Five things to watch for in the Canadian business world in the coming week
TORONTO - Five things to watch this week in Canadian business:Tax evasion: Revenue Minister Diane Lebouthillier is slated to make an announcement Monday in Ottawa on new initiatives to combat tax avoidance and tax evasion in the wake of last week's Panama Papers data leak on offshore banking activity.CRTC: The country's telecommunications watchdog kicks off a second round of public hearings on Internet and telecom services on Monday in Gatineau, Que. The CRTC is also unveiling a map that gives a [Read more]
A few facts about the Leap Manifesto
OTTAWA - The Leap Manifesto is a document that calls for a radical restructuring of the economy as Canada swiftly moves toward ending the use of fossil fuels. It was crafted by best-selling author Naomi Klein and her husband, documentary filmmaker Avi Lewis, and released last September in the midst of the federal election campaign.During that campaign, NDP Leader Tom Mulcair touted his party as a moderate, pragmatic alternative to the Conservatives, promising to balance the federal budget, to [Read more]
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