Sunday, February 1, 2015

Business

Tim Hortons slices staff

TORONTO—About 350 employees lost their jobs at Tim Hortons this week in cuts focused mainly on the company’s headquarters and regional offices.
A spokeswoman told The Canadian Press yesterday that all affected employees had been notified and the layoffs were within commitments made to Industry Canada to maintain certain job levels.

U.S. Senate passes bill approving Keystone oil pipeline, defying White House

WASHINGTON — The Republican-controlled United States Senate on Thursday approved a bill to construct the Keystone XL oil pipeline, defying a presidential veto threat and setting up the first of many battles with the White House over energy and the environment.

Imperial Oil evaluating future of its 500 company-owned gas stations

CALGARY — Imperial Oil Ltd. (TSX:IMO) is thinking about selling 500 gas stations to partners who would continue to sell fuel under the Esso brand.

Another new Coke: Coca-Cola cutting sweetness in Canada, producing smaller sizes

TORONTO — The Real Thing will soon be the less sweet thing — at least in Canada.
Coca-Cola is getting an eight per cent calorie cut in Canada, which will bring its sweetness in line with how the beverage tastes elsewhere in the world, the company said Tuesday.
Coca-Cola Refreshments Canada is also tweaking the size of bottles and cans.

Brokers predict more mortgage rate cuts ahead

TORONTO—Mortgage brokers say Canadian banks have started cutting some of the rates they offer their most trusted borrowers, and they could come down even further as the spring real estate market gets into full swing.

Boeing, SpaceX capsules will beat Russia on price for US astronaut rides to space station

CAPE CANAVERAL, Fla. — NASA expects to save millions of dollars sending astronauts to the International Space Station, once its commercial crew program starts flying in a couple of years.

National Energy Board says it is considering opening pipeline safety meetings

HALIFAX — A group opposed to the development of the Energy East Pipeline is calling on the National Energy Board to open up meetings about pipeline safety, an idea the federal regulator says it is considering.
About a dozen people staged a rally Monday in Halifax as the board met with groups during closed-door meetings to discuss the project.

Does a family making $120K per year qualify as ‘middle-class’? The feds think so

OTTAWA — Canada’s finance minister insists low- and middle-income families will see two-thirds of the benefits from the Harper government’s contentious multibillion-dollar tableau of family-friendly measures.
By that measure, Joe Oliver is suggesting families with annual incomes as high as $120,000 qualify as middle class.

Free trade talks with Ukraine ‘in high gear’

OTTAWA—International Trade minister Ed Fast arrived in Kyiv yesterday for two days of meetings as fighting intensifies between Ukrainian forces and pro-Russian separatists in the east of the embattled country.
Fast, who has been to Ukraine twice is the last six months, is there to talk free trade his counterpart, Aivaras Abromaviius, but also plans to announce four initiatives.

Tories brace for grilling on oil, economy

OTTAWA—Move over Mike Duffy and Julian Fantino.
The stars of past parliamentary theatre were supporting players today as MPs returned to the House of Commons and the economy took centre stage.
The Senate expenses scandal and the government’s treatment of armed forces veterans will continue to be fodder for opposition outrage and government discomfort.

Syndicate content