Business News Advisory – CP

Source: The Canadian Press
Sep 23, 2015

WEDNESDAY, SEPT. 23, 2015

BUSINESS NEWS ADVISORY

Here are the CP Business Department’s early 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 Business Editor Lee-Anne Goodman at lee-anne.goodman?thecanadianpress.com, or the department at business?thecanadianpress.com. We can also be reached at 416-507-2138.

NEWS NOW

What recession? Joe Oliver says in U.S. interview that there was no downturn in Canada

FedElxn-Oliver-No-Recession

TORONTO _ Canada’s finance minister says Canada is not in recession now and wasn’t in recession in the first half of the year despite economic data showing otherwise. In an interview with The Associated Press, Joe Oliver said the downturn was largely confined to the energy sector. Moving shortly. Will be updated.

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Retail sales up 0.5 per cent in July

Statcan-Retail-Sales

OTTAWA _ Statistics Canada says retail sales rose 0.5 per cent in July to $43.3 billion, helped by higher sales at motor vehicle and parts dealers and clothing and clothing accessories stores. Sales were up in six of 11 subsectors, representing 55 per cent of retail trade. By Craig Wong.

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Alberta royalties need an overhaul: report

Alta-Royalties-Rate

CALGARY _ The C.D. Howe Institute has some advice for Alberta’s royalty review panel: focus on the design of the system rather than the rates oil and gas producers have to pay. A new report from the think-tank argues Alberta’s current regime for conventional oil and natural gas royalties in Alberta leaves a lot to be desired. Moved Business and Prairies/BC Regional; Guard against duplication; Dachis is pronounced DAK’-iss. 500 words. By Lauren Krugel. Moved at 4 a.m.

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Volkswagen shares slide again on deepening scandal

Volkswagen

BERLIN _ Shares in Volkswagen AG are heading south for a third consecutive day as the automaker scrambles to contain its widening emissions-rigging scandal.Volkswagen’s share price fell 4 per cent to 101.75 euros in early Frankfurt trading Wednesday. The fall follows declines of 17 per cent and 20 per cent in the first two days of the trading week. PHOTO. Will be updated.

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U.S. index futures positive, loonie steady

Dollar-Markets

TORONTO _ The Canadian dollar was steady and U.S. index futures were positive ahead of the North Amercian stock market open.The Dow Jones industrial futures were up 52 points at 16,281.0, the S&P 500 futures advanced 5.3 points to 1,937.4 and the Nasdaq futures gained 15.2 points to 4,282.5. Will be updated.

COVERING

CP Ottawa will have more on Joe Oliver’s remarks to The Associated Press; see also various FedElxn stories, moving premium

Craig Wong in Ottawa will have more on the Statcan retail trade figures release

Lauren Krugel in Calgary will cover the Imperial Oil event

Ian Bickis is in Saskatchewan for the opening of the Cigar Lake uranium mine

ON THE CALENDAR

OTTAWA _ Statistics Canada releases the retail trade figures for July. (8:30 a.m. at www.statcan.gc.ca)

OTTAWA _ The Conference Board of Canada host a conference titled, Towards a Canadian Energy and Environment Strategy. Among the speakers: Sen. Doug Black, former Alberta premier Alison Redford and former B.C. premier Mike Harcourt. For a full list of speakers, go to www.conferenceboard.ca/conf/15-0111/agenda.aspx. Through Sept. 24. (Fairmont Chateau Laurier, 1 Rideau St., Drawing Room )

TORONTO _ Imperial Oil discusses strategy with analysts and investors, with presentations available to media via webcast. Media teleconference follows event. (9 a.m.)

TORONTO _ Canadian Tire chief technology officer Eugene Roman and digital marketing manager Cam Thomson usher in the new mobile app, which allows customers to collect loyalty points as well as pay directly from their phone. (9:30 a.m. at 11 Duncan Street, 3rd Floor)

TORONTO _ Auditor General Bonnie Lysyk tables a special report on Community Care Access Centres – Financial Operations and Service Delivery. (10:30 a.m., Ontario Legislature). She will be available to media at noon in the Media Studio.

CALGARY _ Alberta Urban Municipalities Association begins its three-day annual convention. Premier Rachel Notley gives the keynote address on Sept. 24 at 11 a.m. Municipal Affairs Minister Deron Bilous addresses delgates on Sept. 25 at 11 a.m. (Telus Convention Centre)

WINNIPEG _ A former foster parent to be sentenced for molesting a youth in his care for years, along with the man’s nephew and his girlfriend’s two young sons. (Courthouse)

REGINA _ Assembly of First Nations National Chief Perry Bellegarde speaks about the quality of life for First Nations people and making it an election issue. (7 p.m. at Education Auditorium, University of Regina, 3737 Wascana Parkway)

SASKATOON _ School of Public Policy at the University of Calgary holds a forum on foreign direct investment. Through Sept. 23. (Delta Bessborough Hotel, 601 Spadina Cres.)

UNDATED _ Cameco CEO Tim Gitzel and Sask. Energy and Resources Minister Bill Boyd officially open Cigar Lake uranium mine. (Cigar Lake Mine, northern Saskatchewan)

BRITISH COLUMBIA

BURNABY, B.C. _ The British Columbia Institute of Technology Student Association will host an All Candidates Debates in the newly created riding of Burnaby South. (3 p.m. at Telus Theatre, SE6 building)

LANGLEY, B.C. _ An open meeting of the board of directors of Fraser Health. Meeting begins with a 30-minute public question and answer period. (10 a.m. at Coast Hotel and Convention Centre, Ballroom 1, 20393 Fraser Highway)

RICHMOND, B.C. _ MainTrain, the annual conference of the Plant Engineering and Maintenance Association of Canada. The theme of this year’s conference is I cubed: insights that will Inspire, Innovate and Improve Maintenance, Reliability and Asset Management programs. Through Sept. 24. (Radisson Vancouver Airport)

VANCOUVER _ Car sharing conference brings together administrators, carsharing operators and technology leaders in electric car, bike and scooter to discuss best practices and options to improve the car sharing experience. Through Sept. 23. (8:30 a.m. at UBC Robson Square, 800 Robson Street)

x-VANCOUVER _ Sentencing hearing for Reza Moazami, the first person convicted in B.C. of human trafficking linked to a teen prostitution ring. File: 26108-2 (10 a.m. at Courtroom 55, Vancouver Law Courts, 800 Smithe Street)

VANCOUVER _ 350 mental health leaders from around the world share promising practices and innovative research in mental health during a conference entitled “Accelerating Change Toward Mental Health, Well-Being and Inclusion”. Through Sept. 25. (Sheraton Vancouver Wall Centre, 1088 Burrard Street)

VANCOUVER _ The 112th annual Union of British Columbia Municipalities Convention continues. Keynote address by Dr. Roberta Bondar at 10:15 a.m.; Minister of Community, Sport and Cultural Development Peter Fassbender speaks at 2:30 p.m. The convention runs through to Sept. 25. (Vancouver Convention Centre East, 999 Canada Place)

VICTORIA _ Annual Fire-Rescue Canada Conference, with nearly 300 fire chiefs from across the country and the Pacific Northwest expected to attend. Through Sept. 23. (Victoria Conference Centre)

THE CANADIAN PRESS

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