REGINA — Saskatchewan’s Court of Appeal has ruled in a split decision that a federally imposed carbon tax is constitutional.The Saskatchewan Party government had asked the court for its opinion on the levy that came into effect April 1 in provinces without a carbon price of their own.In a 155-page decision on the reference case,…
CALGARY — HSBC Holdings Plc says it remains committed to Alberta, even if the province’s incoming premier Jason Kenney has launched a scathing attack on the bank and pledged that his government won’t conduct business with it until Europe’s largest bank changes its energy lending policies.Several Canadian oilsands companies reacted angrily when HSBC, and by…
CALGARY – Imperial Oil Ltd.’s top executive admitted Friday that the company’s recent performance was “not our best,” after a quarter where operating costs rose and profit fell despite surging oil prices.“We can do better,” Imperial president and CEO Rich Kruger said Friday after releasing limited first quarter financial and operating results that fell short of…
Good Morning!Albertans don’t seem to be in a forgiving mood as they head to the polls today, with Jason Kenney’s UCP party expected to win — barring a dramatic upset. Far removed from the elections, the oilpatch convenes in Toronto to discuss ways and means to get their stranded products to market. And Netflix to…
CALGARY – Bank of Nova Scotia previously offered to buy, and may still be interested in, Alberta’s provincially owned ATB Financial, finance minister Joe Ceci said Thursday.Ceci, whose NDP government has called an election for next month, said in a news release aimed at United Conservative Party leader Jason Kenney that Scotiabank is interested in…