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Rail versus Pipe: new Fraser Institute report says pipelines safer than rail

CALGARY — TransCanada (TSX:TRP) is pointing to a new study on how pipeline safety stacks up against rail to show why two of its controversial projects should be built.

According to the report by the Fraser Institute released Thursday, the rate of incidents or accidents per million barrels of transported crude is 4.5 times higher for rail than for pipelines.

Kraft Heinz slashing 2,500 jobs in Canada and U.S. as part of cost-cutting plan

NEW YORK — Kraft Heinz says it is cutting about 2,500 jobs in the U.S. and Canada as part of its plan to slash costs after the food companies combined.

Spokesman Michael Mullen says the affected workers were to be notified in person. About 700 of the cuts were coming in Northfield, Illinois, where Kraft had been headquartered.