Company releases, economic news, and business coverage.
CALGARY - Economic damage will extend far beyond the fuel budgets of British Columbia residents if Alberta successfully enacts a bill allowing it to restrict oil and gas exports, observers say.
The Bill 12 legislation and the trade war escalation it might spark would damage Alberta and Canadian businesses and citizens as well as those in British Columbia, warned Greg D'Avignon, CEO of the Business Council of B.C.
NEW YORK - Starbucks, moving swiftly to confront a racially charged uproar over the arrest of two black men at one of its stores in Philadelphia, plans to close more than 8,000 U.S. stores for several hours next month to conduct racial-bias training for nearly 175,000 workers.
The announcement Tuesday comes after the arrests sparked protests and calls for a boycott on social media. A video shows police talking with two black men seated at a table. After a few minutes, officers handcuff the men and lead them outside as other customers say they weren't doing anything wrong. Philadelphia-area media said the two were waiting for a friend.
Americans are getting an extra day to file their taxes after key elements of the IRS website crashed on deadline day.
The IRS said that individuals or businesses with a filing or payment due Tuesday now have until midnight Wednesday to complete the task.
PALM BEACH, Fla. - Seeking to reassure Japanese Prime Minister Shinzo Abe of their close alliance ahead of planned talks with North Korea, the Trump administration has signalled it is open to considering exempting Japan from new steel and aluminum tariffs that Abe opposes.
Hosting Abe at his Mar-a-Lago resort in Palm Beach, Trump said the tariffs could be a topic during the visit, which comes as Trump prepares for an historic summit with North Korea's Kim Jong Un.
LABRADOR CITY, N.L. - Iron Ore Company of Canada workers in Labrador City remain on strike after rejecting the company's latest offer.
United Steelworkers Union Local 5795 says 76.5 per cent of the workers who voted Tuesday rejected the offer.
NEW YORK - As the rebooted "Roseanne" continues to dominate the television landscape, research indicates that enthusiasm expressed for the show's initial success by President Donald Trump and Fox News Channel had an impact on its audience.
Both Trump and Fox commentators said the show's initial stunning success was a reflection of the show's lead character, played by Roseanne Barr, portraying a Trump supporter. The research organization Samba TV said viewership among people who also watched Fox News regularly increased by 40 per cent from the first to second week on the air. For people who also watched MSNBC, which appeals more to liberals, viewership was down 11 per cent for the same period.
GENEVA - The United States has told the World Trade Organization it has agreed to discuss with China the Trump administration's efforts to slap tariffs on steel, aluminum and an array of goods from China.
A Geneva-based trade official said Tuesday that the move was an expected, but not mandatory, step that buys Washington time to flesh out its differences with Beijing.
OTTAWA - The head of the Asian Infrastructure Investment Bank says Canada's new membership in his multinational organization will create opportunities for Canadian companies abroad and even offer indirect support for Ottawa's efforts to build bridges, highways and rail lines at home.
The Beijing-based multilateral development bank will bring a number of economic benefits to Canada and lift the international profile of the Trudeau government's own $35-billion infrastructure bank among investors, Jin Liqun said in an interview.
CALGARY - Three Colorado communities have filed a lawsuit demanding that Calgary-based Suncor Energy Inc. and U.S. giant Exxon Mobil Corp. "pay their fair share" of costs associated with climate change.
In a U.S. court filing, the communities of Boulder County, San Miguel County and the City of Boulder claim the two oil companies have significant responsibility for climate change that is damaging local roads and bridges, parks and forests, buildings, farming and agriculture, the ski industry and public open space.
VICTORIA - British Columbia's attorney general says Alberta's proposed fuel restriction law is a politically motivated "bluff" that will result in an immediate lawsuit from his province and likely lawsuits from oil companies.
David Eby said government legal experts looked at the legislation Alberta tabled Monday and concluded it's unconstitutional, against the law and designed to not be enacted.