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Business News Advisory

October 11, 2016 - 12:08 PM

TUESDAY, OCT. 11, 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 the department at We can also be reached at 416-507-2138.



TORONTO — As the union representing auto workers turns its attention to its final target, Unifor president Jerry Dias says that securing investment for Ford's engine plant in Windsor is his top priority.


Canadian housing starts rise in most regions


OTTAWA — The pace of Canadian housing construction starts picked up nationally in September despite a decline in Ontario. Canada Mortgage and Housing Corp. says the seasonally adjusted annual rate of starts was 220,617 in September, up from 184,201 units in August. Moves Business and National, guard against duplication


Ex-oilsands CEO finds passion in silk designs


CALGARY — An oilsands executive known for employing the art of the deal is putting his passion for the art of photography into a new line of silk scarves, spandex leggings and other women's clothing. Jean-Michel Gires set French energy giant Total S.A. on course for a massive buildup of oilsands production while heading the company's Canadian branch in Calgary from 2009 to 2013. Moves National and Lifestyles; guard against duplication


Samsung stops making Galaxy Note 7s as fresh problems emerge


SEOUL — Samsung Electronics said Tuesday that it is stopping production of Galaxy Note 7 smartphones permanently, a day after stopping global sales of the ill-fated devices amid reports that batteries were catching fire. The South Korean company said in a regulatory filing that it decided to stop manufacturing Note 7s for the sake of consumer safety. PHOTO.


Ottawa man says he'll ignore Note 7 recall


MISSISSAUGA, Ont. — An Ottawa man who received a replacement Galaxy Note 7 smartphone on Tuesday morning says he plans to keep using it despite a notice from manufacturer Samsung that it was halting sales after reports of fires in both original and exchange models. Samsung Canada issued a statement late Monday asking all retail outlets to stop sales and exchanges of the Galaxy Note 7 while the investigation is taking place. PHOTO. Moves Business and National. Guard against duplication


Molson Coors will offer beer drinkers more brand options


MONTREAL — Molson Coors will offer Canadian beer drinkers more brand options after doubling its size to become the world's third-largest brewer Tuesday with the closing of its US$12-billion acquisition of Miller brands. Several craft and other beers could make their way onto store shelves next year, while Canadian beers like Creemore and Granville Island could be exported to the large American market, said Molson Coors CEO Mark Hunter.


Dakota Access pipeline work resumes near site of protest


ST. ANTHONY, N.D. — Construction on the four-state Dakota Access pipeline resumed Tuesday on private land in North Dakota that's near a camp where thousands of protesters supporting tribal rights have gathered for months. In turn, protesters said they're discussing nonviolent opposition measures, including chaining themselves to equipment. And at least eight people were arrested Tuesday attempting to shut down pipelines in other states as a show of solidarity with the Dakota Access protesters. PHOTO.


TSX outperforms U.S. indexes


TORONTO — The Toronto Stock Exchange was outperforming the major U.S. indexes this morning. The S&P/TSX index was up a marginal 3.25 points after nearly two hours of trading. It had been negative earlier in the morning but the loss wasn't as deep at its American counterparts. Will be updated


Wynne defends cap-and-trade plan for Jan. 1


NIAGARA FALLS, Ont. — Premier Kathleen Wynne says her government is introducing a cap-and-trade system next year because Ontarians are "very bad actors" when it comes to per capita creation of greenhouse gases. Wynne says Ontario led the way in fighting climate change by shutting down all its coal-fired electrical generation stations, and admits it is responsible for a only small percentage of global greenhouse gas emissions.


Alberta oil patch downturn helps Site C


VICTORIA — A downturn in the oil and gas industry in Alberta and northern British Columbia is providing a steady supply of skilled workers for the Site C hydroelectric project. An independent review of the dam project in northeastern B.C. by Ernst and Young says the availability of workers in the Peace River region has increased since 2014 due to decreasing investments in the oil and gas sector and Alberta's jobless rate of 8.6 per cent. Moves Business and West Regional. Guard against duplication. Will Be Updated.

News from © The Canadian Press, 2016
The Canadian Press

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