Business News Advisory – CP

by ahnationtalk on October 8, 2015516 Views

Source: The Canadian Press
Oct 8, 2015 8:52

THURSDAY, OCT. 8, 2015


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?, or the department at business? We can also be reached at 416-507-2138.


CP Ottawa will have a story on housing market stats

Laura Kane in Vancouver is back at the Federal Court of Appeal’s Enbridge challenge


Pace of housing starts picks up in September


OTTAWA _ Canada Mortgage and Housing Corp. says the seasonally adjusted annual rate of housing starts increased to 230,701 units in September, up from 214,255 units in August. Will be updated. By Craig Wong.


Know what you’ll use when picking a card


OTTAWA _ Air Miles, Aeroplan points, low-interest, no-fee _ the options available on credit cards are dizzying for consumers looking to compare their options when shopping around. When looking for a credit card, experts say you should start with an honest assessment what you need and what you will use. 450 words. By Craig Wong. Moving shortly.


Alberta refinery costs level at $8.5 billion


CALGARY _ The costs of building Alberta’s first new oil refinery in 30 years have stabilized and it’s on track to be up and running by 2017, says the chairman of the company developing the government-backed Sturgeon project. Ian MacGregor, chairman and chief executive of North West Upgrading Inc., says that with close to $5 billion already spent, he expects the total cost of constructing the refinery to come within the company’s $8.5 billion estimate. Moves Business and Regional; guard against duplication. Moved at 4 a.m. 500 words. By Ian Bickis.


Report: oil not to blame for Alberta woes


CALGARY _ A new report from the Fraser Institute claims plunging oil prices are not the main culprit behind Alberta’s budget woes. Rather, the right-leaning think-tank says it’s a decade of program spending growth that’s to blame. Moves Business and Prairies-West Regional; guard against duplication. Moved at 4 a.m. 270 words.


Iamgold cutting Rosebel workforce by 10%


TORONTO _ Iamgold Corp. (TSX:IMG) will be reducing the workforce at one of its biggest mines by 10 per cent to reduce costs amid low gold prices. The cuts are at the Rosebel mining operations, which produced nearly one-third of Iamgold’s gold in 2014.


CPP fund to buy some Encana oil-gas assets


CALGARY _ Encana Corp. (TSX:ECA) has agreed to sell some formerly prized oil and gas assets in Colorado for about US$900 million cash to a partnership headed by Canada Pension Plan Investment Board. The deal includes 51,000 acres of land (200 square kilometres) in northeastern Colorado in the Denver Julesburg Basin.


OTTAWA _ Canada Mortgage and Housing Corp. releases September housing starts in Canada. (8:15 a.m.)

OTTAWA _ Statistics Canada releases the new housing price index for August and a study on unincorporated self-employment in Canada, 1989 to 2010. (8:30 a.m

THOROLD, Ont. _ Seafearers’ International Union of Canada president Jim Given and Niagara Centre NDP candidate Malcolm Allen hold a press conference to discuss temporary foreign workers and Maritime job security. (10 a.m. at SIU Thorold Offices, 70 St. David Street East)

TORONTO _ The Ontario Securities Commission holds OSC Dialogue 2015, an annual event that brings together hundreds of market participants, including prominent figures from the securities world, to discuss issues and trends facing the capital markets. Go to for the full agenda and list of speakers. (8:30 a.m. at Four Seasons Hotel)

x-VANCOUVER _ Eighteen First Nation and environmental groups are in the Federal Court of Appeal to challenge of the federal government’s approval to the Enbridge Northern Gateway pipeline. (9:30 a.m. at Federal Court of Appeal )



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