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Month: February 2022

Cost of Trans Mountain pipeline expansion soars 70 per cent to $21.4 billion

Leave a Comment / Energy / By Brendan

CALGARY — The projected cost of the Trans Mountain pipeline expansion has soared 70 per cent to $21.4 billion, while its completion is delayed. The Crown corporation behind the massive project says the total cost has increased from its earlier estimate of $12.6 billion. Trans Mountain Corp. partially blames the cost increases on the COVID-19 …

Cost of Trans Mountain pipeline expansion soars 70 per cent to $21.4 billion Read More »

Tesla faces another US investigation: Unexpected braking

Leave a Comment / EV & Battery / By Brendan

DETROIT (AP) — U.S. auto safety regulators have launched another investigation of Tesla, this time tied to complaints that its cars can stop on roads for no apparent reason. The government says it has 354 complaints from owners during the past nine months about “phantom braking” in Tesla Models 3 and Y. The probe covers …

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Carbon credits outperforming bitcoin, in the bet on a longer energy transition

Leave a Comment / Markets / By Brendan

Jeff Lagerquist Thu, February 17, 2022 Canada’s first carbon credit-based exchange traded funds (ETFs) offer an alternative to oil and gas stocks for investors who believe industrial thirst for fossil fuels will be a tough habit to break. The price of European carbon credits – a core holding of two newly launched ETFs – has …

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Air Canada earnings: Recovery ‘strong and well underway’ despite Omicron

Leave a Comment / Business / By Brendan

Alicja Siekierska Fri, February 18, 2022 Air Canada’s (AC.TO) chief executive officer says the recovery from the COVID-19 pandemic remains “strong and well underway,” as more people book travel for 2022 and despite the impact of the Omicron variant. CEO Michael Rousseau told analysts on a conference call Friday morning that while the Omicron variant …

Air Canada earnings: Recovery ‘strong and well underway’ despite Omicron Read More »

Canada real estate: Where rent has shot up the most

Leave a Comment / Featured / By Brendan

Jessy Bains Fri, February 18, 2022 The cost to rent a home in Canada is rising again after a drop to end 2021. Data from rentals.ca’s national rent report found the average rent for all properties in Canada on its site was $1,807 a month in January. That’s up 4.4 per cent annually and 1 per cent …

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Amazon Prime will get more expensive for new subscribers starting on February 18th

Leave a Comment / Technology / By Brendan

A reminder that you can save $20 on an annual membership today By Cameron Faulkner@camfaulkner Feb 17, 2022, 1:17pm EST In case you missed out on the news from early February, Amazon Prime will see its first price increase in four years starting tomorrow, February 18th, for new subscribers. The annual cost will rise from $119 to $139, …

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Shopify stock sinks on revenue warning amid easing COVID restrictions

Leave a Comment / Business / By Brendan

Shopify Inc.’s stock plummeted to the lowest level in nearly two years Wednesday after the e-commerce giant warned that its revenue growth will slow this year as the globe eases up on restrictions meant to quell the COVID-19 pandemic. The Ottawa-based company’s stock fell to a low of $914 as it announced it expects revenue growth for …

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Today’s coronavirus news: Ontario reporting 1,342 people hospitalized with COVID-19, 356 in ICU

Leave a Comment / Health / By Brendan

Meanwhile, the CDC in the U.S. said Wednesday that the country is moving closer to the point that COVID-19 is no longer a “constant crisis.” The latest coronavirus news from Canada and around the world Thursday. This file will be updated throughout the day. Web links to longer stories if available. 1 p.m. European Union leaders on Thursday …

Today’s coronavirus news: Ontario reporting 1,342 people hospitalized with COVID-19, 356 in ICU Read More »

Canada’s inflation rate rises to 5.1% — highest since 1991

Leave a Comment / Featured / By Brendan

Cost of everything going up fast but energy, food and transportation more than most Pete Evans · CBC News Canada’s inflation rate hit 5.1 per cent in January, its highest level since 1991. Statistics Canada reported Wednesday that if volatile items, like food and energy, are stripped out of the numbers, the cost of living went up …

Canada’s inflation rate rises to 5.1% — highest since 1991 Read More »

Goldman Sachs lifts key profit target in strategy update

Leave a Comment / Markets / By Brendan

NEW YORK, Feb 17 (Reuters) – Goldman Sachs (GS.N) on Thursday upgraded its key profitability target and set new goals for its asset management, transaction banking and consumer businesses as it laid out its strategy for the next three years. Wall Street’s premier investment bank is reshaping itself after a turbulent decade during which profit at its …

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