Tagged: Ottawa

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Insurance policy for pipeline is result of ‘exceptional situation,’ says Trudeau

NEW YORK — Prime Minister Justin Trudeau says putting federal cash down as an insurance policy of sorts to get the Trans Mountain pipeline expansion built is the result of an exceptional political situation. Speaking in New York City a day after his government announced it would compensate Kinder Morgan for any delays in construction […]

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Kushners said to be near deal with Brookfield to save investment in troubled New York office tower

Kushner Cos. has been trying for years to find a partner to save its investment in 666 Fifth Avenue it bought for US$1.8 billion in 2006

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‘They actually sold it at a premium’: Nutrien sells stake in Chilean lithium producer for $4.1 billion

Because Nutrien had given advanced notice of the sale, analyst thought they would have to sell it a discount

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DavidsTea co-founder’s proxy battle goes cyber with launch of website

MONTREAL — A new front has opened up in the proxy battle for DavidsTea after the company’s founder launched a website as part of his effort to gain control of the embattled beverage retailer. Rainy Day Investments Ltd., the holding company of co-founder Herschel Segal, launched a website site called savedtea.com to summarize its turnaround […]

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Vatican says ‘amoral’ financial system needs infusion of ethics, more regulation and derivatives are ‘ticking time bomb’

The pronouncement is considered official teachings of the Catholic Church and could affect the attitude of the church’s 1.2 billion members

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B.C. securities regulator warns about investing in cryptocurrencies

VANCOUVER — British Columbia’s securities regulator has joined its Ontario counterpart in issuing a warning about investing in cryptocurrencies amid worries the lightly regulated market is ripe for possible financial scams. The British Columbia Securities Commission says it has noticed an increase in the number of cryptocurrency offerings involving an initial coin or token offering, […]

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The Latest: Judge OKs $2.6 million award in equal pay suit

DENVER — The Latest on the settlement of an equal pay lawsuit against a Colorado law school (all times local): 12 p.m. A federal judge has signed off on a $2.6 million settlement in a lawsuit against a Colorado law school, filed on behalf of seven female law professors paid less than male colleagues. According […]

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TransCanada to begin gas pipeline construction in 2019 if LNG Canada project goes ahead

Construction on the $4.8 billion Coastal GasLink pipeline will start in 2019 pending a positive final investment decision on the LNG Canada project, executive says

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