TORONTO—Kinder Morgan said yesterday it is suspending all non-essential activities and related spending on its controversial Trans Mountain pipeline expansion project that nearly would triple the flow of oil from Canada's oilsands to the Pacific Coast.
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TORONTO—Canadian plane-maker Bombardier announced yesterday it has sold a majority stake in its C Series passenger jet business to European aerospace giant Airbus for no cost.
U.S. rival Boeing called it a questionable deal by two state-subsidized competitors.
TORONTO—Pipeline company TransCanada said today it's cancelling a plan to pipe 1.1 million barrels of oil per day from Western Canada to the Atlantic coast.
TransCanada CEO Russ Girling said in a statement that “after careful review of changed circumstances, we will be informing the National Energy Board” it won't go ahead.