Worry over NDP alliance
Some business leaders in Canada expressed concerns Wednesday that the fallout from British Columbia’s election is discouraging the private sector from investing in the province. Promises by B.C.’s NDP and Greens to hike the minimum wage and carbon tax could further jangle investor nerves after both parties also committed to immediately stopping the Trans Mountain […]
Duties to cost 2,200 jobs
The Conference Board of Canada says U.S. softwood lumber duties will cut $700 million from Canadian exports over two years and result in the reduction of 2,200 jobs. The board released a report Wednesday that says curtailed exports should lower the industry’s pre-tax profit to $1.1 billion in 2018, down from $1.8 billion last year […]
Referendum by next year
British Columbia would hold a referendum next year on proportional representation as part of an agreement that would see the NDP form a minority government with the support of the Green party. The two parties have also agreed to ban corporate and union donations to political parties, as well as contributions from non-residents of B.C. […]
PM stands by pipeline
Prime Minister Justin Trudeau is standing by the Kinder Morgan pipeline project, even as the New Democrats and Greens in B.C. are teaming up to fight it. “The decision we took on the Trans Mountain pipeline was based on facts and evidence on what is in the best interests of Canadians and indeed, all of […]
Greens will back NDP
BC Green leader Andrew Weaver and BC New Democrat leader John Horgan have reached an agreement that would see the Greens’ three MLAs support an NDP government. “We can have a stable minority government for four years with the support of BC Green MLAs on confidence and supply matters,” Weaver said at a 2 p.m. press […]
March against Kinder Morgan
Hundreds of people have completed a 75-kilometre march in protest of the Kinder Morgan Trans Mountain pipeline expansion. The four-day trek called Walk For the Salish Sea ended with a rally in Burnaby Sunday afternoon with speeches scheduled from federal Green Party Leader Elizabeth May, Burnaby Mayor Derek Corrigan and Grand Chief Stewart Phillip. Texas-based Kinder […]
IPO to fund pipeline
Kinder Morgan says it will proceed with the $7.4-billion Trans Mountain pipeline expansion as long as it secures satisfactory financing for the project through its initial public offering. The company announced Thursday its final investment decision on the project, which is conditional on the successful completion of the IPO. The company has offered 102.9 million shares […]
Greens still seek deal
British Columbia entered a new stage of political uncertainty Wednesday as the final vote count from an election held more than two weeks ago confirmed the province’s first minority government in 65 years. But with the balance of power firmly in his grasp, Green Leader Andrew Weaver indicated he wants to end the confusion that […]
Italians buy Kicking Horse
The Lavazza Group has purchased an 80 per cent equity stake in Kicking Horse Coffee. The B.C.-based organic and fair-trade coffee roaster was valued at $215 million. The Italian coffee company acquired their stake in Kicking Horse from a private equity fund that has held the investment since 2012. Kicking Horse co-founder Elana Rosenfeld will […]
Pemeberton music fest bankrupt
Pemberton Music Festival has been cancelled. The popular July festival, set to run for its fourth year since a 2014 reboot under Huka Entertainment, has filed for bankruptcy, and ticket holders should not expect an immediate refund. Documents obtained from Ernst and Young state “the 2017 Pemberton Music Festival is cancelled and will not proceed as […]
