Company releases, economic news, and business coverage.
CALGARY - Kinder Morgan Canada Ltd. says it is continuing to evaluate its strategic options and hopes to announce its next steps in coming weeks.
The company was spun off from its American parent in mid-2017 to raise money to build the Trans Mountain pipeline expansion but that purpose no longer exists after it sold the existing pipeline and its expansion project to the federal government for $4.5 billion last summer.
MONTREAL - Transport Minister Marc Garneau says airlines hoping to fly the Boeing 737 Max 8 in Canadian airspace must first train their pilots using a flight simulator.
The call goes further than recommendations from U.S. regulators as training procedures for the grounded plane come under continued scrutiny following two deadly crashes.
Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,544.24, up 42.04 points).
CALGARY - Alberta's oilpatch is celebrating the election of a pro-business government, despite analyst observations that premier-designate Jason Kenney may not be able to do much about getting new oil export pipelines built.
"To many of our fellow oil and gas workers who are out of work, underemployed, or otherwise without hope, it feels like spring has returned to Alberta," said Mark Scholz, CEO of the Canadian Association of Oilwell Drilling Contractors.
WASHINGTON - From Ben Affleck and Susan Sarandon to Anna Wintour and Willie Nelson, celebrities lined up to give money — and a dash of star power — to their favourite Democratic presidential candidates ahead of this week's first quarter fundraising deadline.
For months, candidates in the crowded field of more than a dozen contenders have aggressively courted key figures in music, television, publishing and film, who are one of the party's most reliable sources of campaign cash. Although many donors remain on the sidelines, contributing to lacklustre fundraising hauls, an early snapshot included in the campaign finance reports submitted to the Federal Election Commission this week offers a glimpse of who is drawing attention from entertainment industry in the early stages of the race.
NEW YORK - Two of Robert Ludlum's blockbuster creations, the maverick-spy Jason Bourne and the top secret Treadstone program, will soon be at work again
Putnam announced Wednesday that it had a four-book deal with the late author's estate for two thrillers each in the Bourne and Treadstone series. "Robert Ludlum's The Treadstone Resurrection," written by Joshua Hood, comes out Sept. 17. "Robert Ludlum's The Bourne Conspiracy," by Brian Freeman, is scheduled for next year. Details on the other two books were not immediately available.
TORONTO - The Toronto Real Estate Board says it has secured a permanent injunction to stop the now-defunct property listing site Mongohouse from sharing its real estate data.
The board sued Mongohouse last fall, alleging the site was illegally accessing, copying and distributing its proprietary multiple listing service (MLS) data.
GATINEAU, Que. - The head of Quebecor Inc. questioned the power of the Canadian Radio-television and Telecommunications Commission in its quarrel with Bell and tried to blame the regulator for a potential termination of TVA Sports.
The CRTC held a hearing Wednesday to address the dispute between the two media companies that led to the temporary suspension of TVA Sports' signal for Bell subscribers until a judge last week ordered the return of the service.
Metro Inc. reported strong food sales amid higher prices for fresh fruit and vegetables in its most recent quarter, though the company expects produce costs to moderate close to summer.
"Normally we would expect produce inflation to level off as we start to buying more locally, but we're not there yet, especially with this long winter," said CEO Eric La Fleche during a conference call with analysts Wednesday.
NEW DELHI - Jet Airways, once India's largest airline, announced on Wednesday that it is suspending all operations after failing to raise enough money to run its services.
The company said it has been informed by its lenders, led by state-run State Bank of India, that they are unable to consider its request for funding to keep flying.