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Business News Advisory

October 12, 2016 - 12:01 PM

WEDNESDAY, OCT. 12, 2016


Here are the CP Business Department's late plans for today. All times Eastern unless otherwise stated. Entries are subject to change as news develops. If you have any questions, please don't hesitate to email Assistant Business Editor Tara Brautigam at or the department at We can also be reached at 416-507-2138.


Softwood talks continue past deadline


WASHINGTON, D.C. - The Canadian and U.S. governments said Wednesday they are continuing negotiations to try to reach a new softwood lumber deal despite the expiry of a standstill period that was intended to give both countries time to resolve the trade dispute.The statement by Canadian Trade Minister Chrystia Freeland and U.S. Trade Representative Michael Froman said officials are meeting in Washington, D.C., this week. 600 words. By Alexander Panetta. PHOTO.


Pipeline firm warns OK could prompt attacks


CALGARY — The president of Kinder Morgan Canada says he expects more attacks by activists if its Trans Mountain oil export pipeline expansion from Edmonton to the West Coast is approved.Ian Anderson says approval could paint a target on the project, resulting in more incidents like attempts Tuesday by protesters to shut down oil export pipelines in the U.S. Moves national and business; Guard against duplication. Will be writethru. 500 words. By Dan Healing.


Trade activist allowed to stay in Canada


MONTREAL — A member of the European Parliament who opposes the Canada-EU free-trade deal says he is being allowed to stay in Canada after being threatened with expulsion.Jose Bove says the Canada Border Services Agency told him in a telephone call today he could stay for seven days. PHOTO. Will be updated.


Morneau, private-sector economists set to examine fate of federal finances


OTTAWA - When Finance Minister Bill Morneau meets a group of private-sector economists Thursday to question them about their economic forecasts, he may be encouraged to shed a little light on the future himself. Scotiabank's chief economist, a former high-ranking Finance Department official under Morneau, plans to ask his old boss about something he says is lacking from the feds: a clear fiscal road map. 650 words. By Andy Blatchford. Moves National and Business, guard against duplication.


Feds pushed to craft infrastructure plan


OTTAWA — A federal policy think tank says the federal Liberal government's cornerstone economic policy is rudderless and could be dead in the water without a strategy on how to spend billions in new infrastructure money.In a paper released today, the Public Policy Forum argues for the need for a pan-Canadian infrastructure strategy over the next three decades to ensure governments spend on projects that will produce long-term gains. PHOTO. Will be writethru. By Jordan Press.


CIBC head calls feds' housing changes prudent


OTTAWA — The chief executive at one of Canada's biggest banks is supportive of a new package of federal measures aimed at easing risks in the country's real estate system.CIBC's Victor Dodig says government changes announced last week that include tightening mortgage lending rules are prudent and will create stability in the housing system. PHOTO. Moves National and Business; guard against duplication. 170 words.


WSP acquiring U.K. engineering firm


MONTREAL — Montreal-based WSP Global Inc. is buying a U.K.-based engineering consulting firm with expertise in public transportation and infrastructure, including intelligent systems for managing road traffic.WSP says it will pay the equivalent of C$120.4 million (75 million pounds) to purchase Mouchel Consulting, which employs about 2,000 people — mostly in the United Kingdom and Ireland. 190 words.


Stock markets steady, loonie down slightly


TORONTO — North American stock markets were mixed in late morning trading as the loonie lost ground.The S&P/TSX composite index was up 28.83 points at 14,578.43 after nearly two hours of trading. Will be updated. 400 words. By Linda Nguyen.


News from © The Canadian Press, 2016
The Canadian Press

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