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Business News Advisory – CP

by ahnationtalk on November 3, 2015593 Views

Source: The Canadian Press
Nov 3, 2015

TUESDAY, NOV. 3, 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?, Assistant Business Editor Tara Brautigam at tara.brautigam?, or the department at business? We can also be reached at 416-507-2138.


Lauren Krugel will report on TransCanada’s Q3 results and its conference call at 11 a.m. ET. This comes after the company announced last night it is applying to the U.S. government to suspend its application for Keystone.

Lauren is also going to update our story on a forecast by the Petroleum Services Association of Canada on drilling prospects for next year. Their update comes out at 4:30 p.m. ET.

Andy Blatchford has a story today on how calls for further Bombardier bailouts will serve as one of the first tests for the incoming federal Liberal government.

Ross Marowits will report on WestJet, which is reporting record quarterly earnings again. He is also monitoring a presentation by Bombardier in Toronto on its Global 7000/8000 program. A story will move if warranted.

Alexandra Posadzki is looking into a report that RBC has eliminated limits on mortgages for immigrants.



TransCanada says third-quarter profit down


CALGARY _ TransCanada Corp. says its third-quarter profit was down from the same time last year as it received lower contributions from its Bruce Power and Western Power electricity generation operations and a small charge related to corporate restructuring.The Calgary-based company’s net income was $402 million or 57 cents per share, which was down $55 million from the same time last year. Will be writethru.


Mayor says Keystone not only game in town


HARDISTY _ The mayor of the southeast Alberta community where the Keystone XL pipeline would begin says news that TransCanada Corp. (TSX:TRP) has asked the U.S. government to temporarily suspend its application comes as a blow.Anita Miller calls the move “really unfortunate” and says it’s going to affect “lots and lots of people” in Hardisty, Alta., particularly in support businesses such as gas stations, hotels and restaurants. PHOTO. Moves on both the Business and West regional wires; GUARD against duplication. 370 words.


Drilling group to issue 2016 forecast


CALGARY _ A drilling industry group will be offering a glimpse later today into what 2016 may look like in the oilpatch. And if next year is anything like 2015, the outlook from the Petroleum Services Association of Canada won’t be pretty. Will be update after 4:30 p.m. ET event.


Bombardier bailout to test Trudeau government


OTTAWA _ Shortly after Justin Trudeau takes power, he will face an early, major test on whether to bail out Bombardier.The prime minister-designate will have to confront what could be a billion-dollar decision in Quebec, his home province and a region where his Liberals made significant gains in last month’s election. PHOTO. Moves Business and National; guard against duplication.


WestJet Q3 profit soars to record high


CALGARY _ WestJet Airlines Ltd. (TSX:WJA) says it had a $101.8-million profit in the third quarter or 82 cents per share, on both a reported and adjusted basis. That’s up from 40 cents per share of net income and 66 cents per share of adjusted earnings for the third quarter of 2014. Analysts had estimated 75 cents per share of adjusted earnings. The Calgary-based airline.


Sears Canada names Kirkman to new role


TORONTO _ Sears Canada Inc. (TSX:SCC) has hired a veteran of the Canadian retail industry to be its president and chief merchant _ a new position created to restore shoppers’ confidence in the struggling department store operator.Carrie Kirkman has most recently been interim president of shoe retailer Nine West Canada and was president of Jones Apparel Group from October 2010 until last April.


University president addresses allegations


CALGARY _ The president of the University of Calgary doesn’t believe the school’s reputation as a research facility will be hurt by concerns from faculty members over corporate influence.The Canadian Association of University Teachers is looking into a CBC investigation in which senior academics alleged that oil company Enbridge (TSX:ENB) inappropriately interfered in the University’s Centre for Corporate Sustainability after the company provided a donation. Moves National and Business; Avoid duplication.


Xi says China’s economy should grow 6.5 per cent annually


BEIJING _ President Xi Jinping said Tuesday that China needs at least 6.5 per cent economic growth in coming years to become “moderately prosperous.” The ruling Communist Party also announced plans to let the country’s tightly controlled currency trade freely by 2020.The announcements follow a high-level planning meeting last week at which ruling party leaders promised to make the world’s second-largest economy more productive and to raise living standards. PHOTO.


German authorities raid soccer federation over FIFA payment


FRANKFURT _ German authorities searched the premises of the country’s soccer federation and the home of its president on Tuesday over payments made to FIFA in connection with the 2006 World Cup.Frankfurt prosecutor Nadja Niesen said the raids were at the federation’s headquarters and at three private premises. She said the prosecutors’ office was investigating “tax evasion in a particularly serious case.” PHOTO.


Activision gets mobile with $5.9B bid for King Entertainment


UNDATED _ Activision Blizzard will pay $5.9 billion to buy Candy Crush maker King Digital Entertainment, combining a console gaming power with an established player in the fast-growing mobile gaming field.Activision, which owns the extraordinarily successful “Call of Duty” series, said the deal will create one of the largest global entertainment networks with more than half a billion combined monthly active users in 196 countries. PHOTO.



CHINA _ B.C. Premier Christy Clark and International Trade Minister Teresa Wat lead a trade mission in China, making stops in Beijing, Guangzhou, Shenzhen and Hong Kong. Through Nov. 7.

LOS ANGELES _ Ontario Premier Kathleen Wynne’s itinerary: 11:45 a.m., meets with Los Angeles Mayor Eric Garcetti, (La Kretz Innovation Campus/LA Cleantech Incubator, 525 South Hewitt St.); 12 p.m., delivers remarks and participates in a panel with Mary Nichols, California Air Resources Board chair and Robert Foster, former president of Southern California Edison to discuss “Cleantech Collaboration: California and Ontario”, (525 South Hewitt St.); 6 p.m., takes part in a reception hosted by Canada’s consul-general in Los Angeles, James Villeneuve, (165 S. Muirfield Road).

SAN FRANCISCO/LOS ANGELES _ Ontario Premier Kathleen Wynne visits California, through Nov. 4. In San Francisco, she promotes the province as a partner in information and communications technology. In L.A., she explores opportunities for Ontario in the creative industries.

ST. JOHN’S, N.L. _ Atlantic Provinces Economic Council business outlook for Newfoundland and Labrador. (8:30 a.m. at Sheraton Hotel)

CHARLOTTETOWN _ Leading representatives from academia, government and industry gather for “The American Lobster in a Changing Ecosystem II: A U.S.-Canada Lobster Symposium.” Through Nov. 6. (The Rodd Charlottetown Hotel)

OTTAWA _ Statistics Canada releases high-income trends among Canadian tax filers, 2013. (8:30 a.m. at

OTTAWA _ Bob Rae appears at the Canadian Club to discuss the Syria Situation: Implications for Canada and the World. (12 p.m. at Chateau Laurier, 1 Rideau St., Main Ballroom)

OTTAWA _ Canada 2020 and the Canadian Agri-Food Policy Institute hold a conference on the future of Canada’s agriculture and agri-food sectors. Through Nov. 4. (Shaw Centre, 55 Colonel By Drive)

GATINEAU, Que. _ The CRTC holds a public hearing to review the structure and mandate of the commissioner for Complaints for Telecommunications Services. (9 a.m. at Conference Centre, Phase IV, 140 Promenade du Portage, Outaouais Room)

COURTICE, Ont. _ Public hearings into Ontario Power Generation’s application to renew its operating licence and extend the life of the Darlington Nuclear Generating Station. Through Nov. 5. (8:30 a.m. at Hope Fellowship Church, 1685 Bloor Street)

TORONTO _ Caterpillar equipment seller Toromont Industries Ltd. holds a third-quarter earnings conference call. Dial 1-800-355-4959 or go to for the webcast. (8 a.m.)

TORONTO _ A technology panel discusses how emerging technologies, including the sharing economy, will shape our lives and change the economy. Featuring Steve Ladurantaye, Head of Government Partnerships at Twitter Canada, Colin McKay, Head of Public Policy and Government Relations at Google Canada, Aaron Zifkin, Country Manager at AirBnB and Ian Black, General Manager at Uber Canada. (8 a.m. at Metro Toronto Convention Centre, South Building, 222 Bremner Blvd.)

TORONTO _ Pizza Pizza Royalty Corp. holds a conference call to discuss third-quarter results. Dial 1-866-223-7781. (9 a.m.)

TORONTO _ WEST: Wearable Entertainment and Sports Toronto conference, North America’s only one-day event dedicated to exploring how wearable tech is changing the game of sports and how we make and experience entertainment. (9 a.m. at 101 College Street)

TORONTO _ Bombardier Business Aircraft provides an update on its Global 7000 and Global 8000 aircraft program. RSVP online at (10 a.m. at Bombardier Toronto Site, 123 Garratt Blvd.)

x-TORONTO _ The Urban Land institute hosts a panel on how driverless cars will affect how we design cities and change our transit system and infrastructure. Ideas and concepts will be presented by Toronto architects and urban planners. (10 a.m. at Metro Toronto Convention Centre, South Building, 222 Bremner Blvd.)

TORONTO _ Acting Ontario Environmental Commissioner Ellen Schwartzel releases this year’s Annual Report entitled Small Things Matter. (10 a.m. at Queen’s Park Media Studio, Legislative Building, Queen’s Park)

TORONTO _ Leeds-Grenville MPP Steve Clark holds a media availability to discuss his Private Member’s Motion regarding the Municipal Land Transfer Tax. (1 p.m. at Queen’s Park Media Studio, Room 148, Main Legislative Building)

TORONTO _ Shopping mall owner RioCan REIT releases third-quarter
results prior to markets open followed by a conference call at 10
a.m. Dial 1-800-355-4959 or go to
http://investor.riocan for the webcast.

TORONTO _ Sleep Country Canada Holdings Inc. releases third-quarter results after markets close. A conference call will be held on Nov. 4.

TORONTO _ Global miner Iamgold Corp. releases third-quarter results after markets close. A conference call will be held on Nov. 4.

TORONTO _ Real-estate trust Allied Properties REIT releases third-quarter results after markets close. A conference call will be held on Nov. 4.

TORONTO _ Indigo Books and Music Inc. releases second-quarter financial results. A conference call will be held on Nov. 4.

TORONTO _ The 23rd annual Canadian Council for Public Private Partnerships national conference concludes. International trade lawyer Gary Horlick speaks at 8:25 a.m.; Michael Sabia, president and CEO of Caisse de depot et placement du Quebec speaks at 1 p.m.; Ontario Transportation Minister Steven Del Duca speaks at 2:30 p.m. Go to for the full program. (Sheraton Centre Toronto Hotel, 123 Queen Street West)

CALGARY _ WestJet Airlines Ltd. holds a third-quarter earnings
conference call. Dial 1-800-319-4610 or go to for
the webcast. (8 a.m.)

CALGARY _ Brookfield Residential Properties Inc. holds a conference call to discuss third-quarter results. Dial 1-800-319-4610. (11:30 a.m.)

CALGARY _ Industry groups release their 2016 drilling forecast. (2:30 p.m. at Telus Convention Centre)

CALGARY _ Gibson Energy Inc. releases third-quarter results after markets close. A conference call will be held on Nov. 4.

CALGARY _ Trinidad Drilling Ltd. releases third-quarter results after markets close. A conference call will be held on Nov. 4.

CALGARY _ Pipeline builder TransCanada Corp. issues third-quarter results before markets open and holds conference call at 9 a.m. Dial 1-866-225-6564 or 416-340-2218.

CALGARY _ Oil and gas producer Pengrowth Energy Corp. releases third-quarter results after markets close. A conference call will be held on Nov. 4.

EDMONTON _ Premier Rachel Notley announces details of a program to support employment opportunities. (11 a.m. at 2-100 Students’ Union Building, University of Alberta)

NORTH VANCOUVER, B.C. _ Minister of Aboriginal Relations and Reconciliation John Rustad, and representatives from the Squamish, Musqueam, Tsleil-Waututh, and Kwikwetlem First Nations for an announcement on skills training. (10 a.m. at Squamish Nation Trades Centre, 3-1500 Railway St.)

VANCOUVER _ Western Forest Products Inc. releases third-quarter results after markets close. A conference call will be held on Nov. 4.

VANCOUVER _ Mining company Silver Wheaton Corp. releases third-quarter results after markets close. A conference call will be held on Nov. 4.

VANCOUVER _ The Canadian Union of Public Employees continues its national convention, through Nov. 6. It will be electing a new president on Nov. 4. (Vancouver Convention Centre, 1055 Canada Place)

VICTORIA _ Agriculture Minister Norm Letnick and representatives from the BC Agriculture Council and the BC Food Processors Association will be on the front steps of Victoria’s Parliament Buildings, celebrating the record results of B.C.’s agrifood sector. (12:15 p.m. at Front Steps, Parliament Buildings)




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