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Cost of Trans Mountain pipeline expansion soars 70 per cent to $21.4 billion

Cost of Trans Mountain pipeline expansion soars 70 per cent to $21.4 billion

CALGARY — An eye-popping 70 per cent increase in the projected price tag for the Trans Mountain expansion was met Friday by jeers from environmental groups and a pledge from the federal government to put no additional public money toward the project.
Postmedia to buy Irving's N.B. newspaper chain in $16.1M cash-and-share deal

Postmedia to buy Irving's N.B. newspaper chain in $16.1M cash-and-share deal

TORONTO — The door could open up for greater media competition in New Brunswick as Toronto-based Postmedia gears up to purchase all of the daily and weekly newspapers owned by the Irving family for more than $16 million in cash and shares.
Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (21,008.20, down 168.13 points.) Suncor Energy Inc. (TSX:SU). Energy. Down 62 cents, or 1.6 per cent, to $37.06 on 9.6 million shares.
Schembri retiring after nine years as Bank of Canada deputy governor

Schembri retiring after nine years as Bank of Canada deputy governor

OTTAWA — The Bank of Canada says Lawrence Schembri is retiring in June after 25 years at the country's central bank, including nine as deputy governor.
S&P/TSX composite falls to end losing week dominated by geopolitical tensions

S&P/TSX composite falls to end losing week dominated by geopolitical tensions

TORONTO — Canada's main stock index closed the book on a losing week as lingering worries about a potential invasion of Ukraine by Russia persisted ahead of a long weekend.
Alta. homeowners feel pinch of high commodity prices as utility bills spike

Alta. homeowners feel pinch of high commodity prices as utility bills spike

CALGARY — Alberta's oil and gas sector is awash with cash and the province's books could be headed back into the black this year, but residents of the energy-producing province are experiencing the downside of the commodity price boom on their utilit
White House accuses Russia of cyberattacks targeting Ukraine

White House accuses Russia of cyberattacks targeting Ukraine

WASHINGTON (AP) — The White House blamed Russia on Friday for recent cyberattacks targeting Ukraine's defense ministry and major banks.
National rental price up 3% from last year, while vacancy rates hold steady: CMHC

National rental price up 3% from last year, while vacancy rates hold steady: CMHC

Canadian tenants faced another year of affordability challenges as rents crept up nationally and were particularly high in Vancouver and Toronto. The findings from Canada Mortgage and Housing Corp.
Air Canada CEO demands eased travel rules as bookings grow after Omicron takes a toll

Air Canada CEO demands eased travel rules as bookings grow after Omicron takes a toll

MONTREAL — Air Canada topped expectations as it bled less cash in its latest quarter, a sign the airline's underlying recovery remains on course despite the blow to holiday travel caused by the Omicron variant.
Retail sales dropped 1.8 per cent in December to $57B, Statistics Canada says

Retail sales dropped 1.8 per cent in December to $57B, Statistics Canada says

OTTAWA — Canadian retail sales fell 1.