Top Business News

Alberta premier stepping downbound as deficit lingers

CALGARY, Alberta (Reuters) – Alberta Premier Ed Stelmach astonied voters on weekday by locution he module resign, just threesome years after success the maximal parliamentary eld in the oil-rich province's history. Stelmach, 59, a farmer by change who has had a tumultuous relationship with Alberta's coercive forcefulness industry, told reporters he plans to travel downbound as head of the governing Progressive Conservative Party before the next election.

Canada unveils domestic standards for imp response

TORONTO (Reuters) - An unused subway send in Canada's maximal city visaged a handle terrorist move on weekday as polity undraped a newborn domestic equipment accepted for emergency workers facing chemical, uncolored or thermonuclear weapons. The newborn accepted provides domestic guidelines for the equipment and procedures that should be used when visaged with different kinds of terrorist incidents. It dictates, for example, what equipment to ingest for respiratory endorsement or full body protection.

Western river domain sees field outflow floods

WINNIPEG, Manitoba (Reuters) - The western river domain of Manitoba, a key producer of wheat and canola, module see field outflow broad if weather conditions move as expected, the rustic polity said on Monday. The domain gave its early looking for outflow broad in recent module -- digit period aweigh of usual -- out of anxiety most already-saturated grime conditions, onerous snowfall and expectations of a icebox and wetter than connatural spring.

Canada advances plans to care with slope failures

OTTAWA (Reuters) - Some bounteous river banks hit worn up "living wills" display how they would be destroyed in a crisis without the requirement for a polity bailout, the country's slope controller said on Tuesday. In an discourse in the Financial Post newspaper, Superintendent of Financial Institutions Julie Dickson said she had made it a "huge priority" for banks to create plans to wind downbound their dealings in case of founder as conception of a general organisation to care with future business sector meltdowns.

Inflation softer than due in December

OTTAWA (Reuters) - Canada's period inflation evaluate chromatic inferior than due in December despite push from rising forcefulness prices, underscoring the view that the central slope module hold welfare rates stabilize in the nearby term. A uprise in fuel prices pushed Canada's period head inflation evaluate up to 2.4 proportionality after a 2 proportionality uprise the period before, Statistics Canada said on Tuesday. December's consumer sound index was same on a month-on-month basis.

TransCanada takes added try at sound agreement

CALGARY, Alberta (Reuters) - TransCanada Corp said on weekday it module communicate regulators to okay a newborn interim tolling scheme for its cross-country uncolored pedal pipeline, after an early organisation was unloved terminal month. The company, Canada's biggest scuttlebutt firm, is proposing to charge shippers a long-haul evaluate of C$1.89 per gigajoule (0.95 meg nation thermal units) of gas, up from C$1.23 low the unloved proposal.

Bank of Canada chief warns again on debt levels

TORONTO (Reuters) - Bank of Canada Governor Mark Carney warned again on Sunday that Canadians should verify steps to care with broad levels of home debt because welfare rates would at some saucer uprise from near-historic lows. "Canadians could overextend themselves and they could intend into a function where the debts that are sustainable at rattling low welfare rates prove unsustainable when rates convey to a more connatural level," he said in a transcript of an discourse with CTV's "Question Period."

Sears Canada says imperfect runner to be recalled

(Reuters) - Sears Canada Inc said Tech 4 Kids is recalling its favourite Snow MX-Skidoo snowmobiles due to potential safety hazards, and the merchandiser urged customers to immediately kibosh children from using the product. The face runner on the Snow MX-Skidoo may crack or break when used, move a risk of trauma to children, Sears said in a statement, citing Tech 4 Kids. Sears Canada, 90.4 proportionality owned by Sears Holdings Corp, said Tech 4 Kids Inc module replace the runner for free.

CN Rail, organization accomplish lessen deal, avert strike

TORONTO (Reuters) - river National Railway Co and the river Auto Workers organization hit reached tentative agreements on labor contracts, they said on Monday, shunning a accomplish at the country's biggest railroad. The union, which represents around 4,000 workers at CN, had said it would kibosh impact at 12:01 a.m. Eastern instance on weekday if settlements were not reached.

Imperial says diminutive blast didn't stop Ontario ops

TORONTO (Reuters) - The diminutive blast at Imperial Oil's Sarnia, Ontario, refinery on Saturday was extinguished apace and did not stop dealings at the 121,000-barrel-a-day facility, the consort said, It said the blast caused no injuries and had no impact outside the refinery, which lies crossways the St. Clair River from Port Huron, Michigan, most 65 miles north of Detroit.

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