TORONTO — Standard & Poor’s has lowered Ontario’s financial rating to A+ from AA-, citing its heavy debt burden and budgetary “underperformance” compared with peers in other jurisdictions.
TORONTO — Power workers in Ontario have ratified a new three-year collective agreement with publicly owned utility Hydro One.
The Power Workers Union agreement comes as the Liberal government prepares to sell 60 per cent of the giant utility.
TORONTO — Canada’s smaller solar module manufacturers are applauding a favourable decision from the Canadian International Trade Tribunal, which has ruled that low-price imports from China pose a significant threat to the domestic industry.
NEW ORLEANS — Trying to close the books on the worst offshore oil spill in U.S. history, BP agreed Thursday to provide billions of dollars in new money to five Gulf Coast states in a deal the company said would bring its full obligations to an estimated $53.8 billion.
CALGARY — This time last year David Howard was getting ready to host a number of high-profile corporate parties as part of Calgary’s Stampede, but that’s not the case this time around.
“Basically, it’s gone from where last year we were producing two events a day to where we’re out of the game completely,” said Howard, president of the Event Group.
MONTREAL — Resolute Forest Products has received a one-year extension to secure confirmation from an independent auditor that it is using responsible forestry management practices in an area of Quebec’s Lac-St-Jean region.
NEW YORK — Rapper Flo Rida, the Macy’s department store chain and HGTV “Property Brothers” star Jonathan Scott all had something in common on Wednesday: They’re the latest to distance themselves from Donald Trump following his remarks about Mexican immigrants.
ST. PAUL, Minn. — Environmental advocates trying to stop a proposed copper-nickel mine in northeastern Minnesota launched an ad campaign on Monday aimed not at the company behind the project but at Gov. Mark Dayton, hoping to persuade the Democrat to require stronger environmental protections.
NEW YORK — NBC said Monday that it is ending its business relationship with mogul and GOP presidential candidate Donald Trump because of comments he made about Mexican immigrants during the announcement of his campaign.
OTTAWA — The Harper government’s recent move to raise the contribution ceiling on tax-free savings accounts offers little to benefit low- and middle-income Canadians, a new analysis of federal tax data has found.