Minnesota judge pushes Enbridge to use existing right-of-way for Line 3 pipeline

CALGARY — A judge in Minnesota has ruled that if Enbridge Inc. wants to replace its Line 3 pipeline over the state, it should build the pipeline along the existing right-of-way rather than in its originally planned route. Calgary-based Enbridge has applied to replace its Line 3 pipeline from Alberta with new pipe along its […]

Google’s parent Alphabet beats Q1 estimates on strong ad sales

SAN FRANCISCO — Google owner Alphabet Inc reported first-quarter sales and profit Monday that topped financial analysts’ estimates due to strong ad sales and a change in accounting for investments in startups, sending its shares up about 1 per cent after hours. The results eased concerns that investment in new ventures beyond its core search […]

Tim Hortons’ reputational bump can hurt sales, says BMO, downgrading stock

TORONTO — Declining consumer perceptions about Tim Hortons’ brand have prompted Bank of Montreal to downgrade the stock of parent company Restaurant Brands International Inc., suggesting the public disfavour can hurt sales at Canada’s biggest quick-service restaurant chain. Following a recent Leger survey that saw Tim Hortons plunge to the 50th best admired company in Canada […]

Canadian regulators put proxy ‘vote buying’ in the crosshairs

Canadian securities regulators are vowing to take a difficult look at whether companies should be allowed to pay fees to investment dealers for securing favourable shareholder votes in proxy contests and other corporate transactions.  It is a move a few industry watchers consider to be long overdue. The practice was dubbed “vote buying” by the Canadian […]

FP Live: NDP head Andrea Horwath’s plan for Ontario’s economy

It’s a crucial time for the Canadian economy. With simple growth behind us and waves of uncertainty coming from all sides, investors and businesses seem less assured than ahead of about the prospects of the Canadian growth story. FP Live’s second episode picks on that thread, focusing on Canada’s competitiveness in an increasingly volatile geopolitical environment […]

Canada’s nostalgia for the factory has become a barrier to growth

Bank of Canada Governor Stephen Poloz scooped Statistics Canada this week. During a press conference in Ottawa, Poloz let slip that StatCan plans to begin publishing monthly data on trade in services later this year. Paul Vieira of the Wall Street Journal later confirmed the tip. Canada’s official data collector signified to him that it was […]

Toronto and U.S. stock markets close lower, loonie dips

TORONTO _ Sliding commodity prices and disappointing earnings had both Canada’s main stock index and U.S. markets closing lower Thursday. The S&P/TSX composite index closed down 75.55 points at 15,454.42. In New York, the Dow Jones industrial average ended 83.18 points to 24,664.89. The S&P 500 index closed down 15.51 points to 2,693.13 and the […]

TD Canada Trust to open office at CF Champlain shopping center in past Sears digs

DIEPPE, N.B. _ Sears Canada’s past store at the CF Champlain shopping center in Dieppe, N.B. will be turned into a TD Canada Trust corporate office. The announcement is part of a trend in recent years by shopping center owner Cadillac Fairview to transform a few of its retail space into offices. In March, Cadillac Fairview stated the […]