sector

All major grocery retailers agree to sign on to industry-developed code of conduct

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All major grocery retailers agree to sign on to industry-developed code of conduct

All major retailers have agreed to an industry-developed Canadian grocery code of conduct, Agriculture and Agri-Food Canada announced Thursday. In a statement, the federal department said, “After years of work and widespread industry participation, we are pleased to announce that all major retailers have agreed to join the Grocery Sector Code of Conduct. This includes Loblaw, Sobeys and Metro, … Read more

Unhappy with new greenwashing rules, Alberta and fossil fuel companies push back

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Unhappy with new greenwashing rules, Alberta and fossil fuel companies push back

The Alberta government is aiming to soften new rules against greenwashing that led Canadian oil and gas groups to scrub their websites of climate pledges or add disclaimers. Alberta Environment Minister Rebecca Schultz, whose government has been critical of changes put into law last month, said Wednesday her government plans to take part in the … Read more

U.S. private equity firm to buy Héroux-Devtek in deal valued at $1.35B

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U.S. private equity firm to buy Héroux-Devtek in deal valued at .35B

Aircraft landing gear maker Héroux-Devtek Inc. says it has signed a deal to be acquired by U.S. private equity firm Platinum Equity Advisors LLC in a deal valued at $1.35 billion. Under the agreement, Platinum Equity will pay $32.50 in cash per share for the company.  Based in Longueuil, Que., Héroux-Devtek is one of the … Read more

After the carbon capture industry gold rush, how many facilities will actually be built?

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After the carbon capture industry gold rush, how many facilities will actually be built?

The Alberta government kicked off a flurry of activity three years ago when it began awarding the rights to underground caverns for storing carbon emissions. The gold rush was underway as companies announced dozens of projects and competed to stake their claim for those rights. The wave of new projects raised expectations that the oilpatch … Read more

With supply rising and prices dropping, is it time to buy a new car?

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With supply rising and prices dropping, is it time to buy a new car?

For the first time in years, car shoppers are having an easier time finding a deal as the auto industry bounces back from supply chain woes — and experts say the outlook could get even better. Sticker prices at dealerships have started to come down and affordability is improving, said Daniel Ross, senior manager of … Read more

Canadian unemployment rate rises to 6.4%, with student summer jobs especially hard to come by

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Canadian unemployment rate rises to 6.4%, with student summer jobs especially hard to come by

The Canadian economy was virtually unchanged in June, shedding 1,400 jobs, while unemployment rose 0.2 percentage points to 6.4 per cent, Statistics Canada said on Friday. The unemployment rate has trended upward for more than a year, with 1.4 million people unemployed in June, according to the agency’s monthly Labour Force Survey. Of those who were … Read more

Northvolt to stay the course for $7B Quebec battery plant despite ‘strategic review’

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Northvolt to stay the course for B Quebec battery plant despite ‘strategic review’

Swedish EV battery manufacturer Northvolt says construction on its $7-billion plant on Montreal’s South Shore will continue, even as the company undergoes a “strategic review” of its activities.  The review comes as global demand for electric vehicles has slowed, with both Ford and General Motors saying they would scale back their production of electric vehicles.  … Read more

United States looking at all options to respond to Canada’s digital services tax

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United States looking at all options to respond to Canada’s digital services tax

The Office of the United States Trade Representative says it will do what’s necessary to halt Canada’s tax on large foreign digital services companies. Last month, Parliament approved the government’s plan to add a three per cent levy on foreign tech giants which generate revenue from Canadian users. It means the companies will have to … Read more

Shell gives go-ahead to 2 carbon capture and storage projects in Alberta

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Shell gives go-ahead to 2 carbon capture and storage projects in Alberta

Shell Canada has announced it will forge ahead with a pair of carbon capture projects in Alberta, after recent setbacks for other proposed projects in the sector have cast doubt on the technology. The Calgary-based operator said Wednesday it has made a final investment decision for its Polaris carbon capture project at its Scotford refinery … Read more

Former Liberal MP considering leadership run in the wake of party’s byelection defeat

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Former Liberal MP considering leadership run in the wake of party’s byelection defeat

Only a day after Conservatives won a federal byelection in the longtime Liberal stronghold of Toronto-St. Paul’s, ending a race that was largely viewed as a referendum on Prime Minister Justin Trudeau’s leadership at the head of the governing party, a new potential contender says he is considering a bid to replace him.  Former Liberal … Read more