Business News Advisory – CP

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Business News Advisory – CP

by ahnationtalk on January 12, 2016445 Views

Source: The Canadian Press
Jan 12, 2016 

TUESDAY, JAN. 12, 2016


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.


Ross Marowits is staffing Finance Minister Bill Morneau, who speaks in Montreal at 1 p.m. ET.

Alexandra Posadzki is reporting on a conference featuring the CEOs of Canada’s biggest banks.

Lauren Krugel and Ian Bickis are staffing the final day of the Conference Board of Canada’s summit on oil and gas.



Sliding loonie driving fruit, veggie prices up


TORONTO _ The sliding loonie could make it harder for some Canadians to eat their Florida oranges or California heads of lettuce this year.The dropping dollar, which is hovering just above the 70-cent U.S. mark, is expected to continue to leave shoppers with bigger grocery bills, especially when it comes to buying fresh fruit and vegetables. PHOTO. Moves National, Business and Lifestyle; please guard against duplication. 440 words. By Aleksandra Sagan.


TSX could face tug-of-war Tuesday


TORONTO _ American stock market futures and European indexes were pointing upwards Tuesday but prices for major commodities were down, suggesting the Toronto Stock Exchange could be facing a tug-of-war.The Dow Jones index futures were up 169 points or about one per cent before regular North American trading began. The S&P 500 futures were similarly ahead 20.25 points and Nasdaq futures gained 50 points to 4,323.0. Will be updated.


Transat A.T. may shrink European presence


MONTREAL _ Transat A.T. Inc. (TSX:TRZ) is looking for buyers for some of its European operations but expects to maintain transatlantic service by its airline and Transat Tours Canada.The Montreal-based travel company says its tour operating business units in France and Greece are up for sale but there’s no certainty that a transaction will occur. 210 words.


Canada mining company halts some works, cuts jobs in Greece


ATHENS _ Canadian mining company Eldorado Gold says it is suspending work at a site in northern Greece and laying off 600 workers following protests by local residents and a spat with the country’s government.The Vancouver-based company (TSX:ELD) says it’s suspending operations at a gold mine at Skouries, one of four major Greek sites where Eldorado is involved through its subsidiary Hellas Gold. PHOTO. 350 words.


WorkSafeBC faces lawsuit over 2012 mill explosions


VANCOUVER _ Employees of two British Columbia sawmills destroyed by fire in 2012 have launched a class-action lawsuit against the provincial agency responsible for workplace safety.The separate fires in Burns Lake and Prince George killed a total of four workers and injured 42 others. Will be writethru; Moves National and Business. Guard against duplication.



DETROIT _ Economic Development Minister Navdeep Bains attends the 2016 North American International Auto Show. (12:30 p.m. at COBO Center, COBO Hall, 1 Washington Boulevard)

xy-MONTREAL _ Federal Finance Minister Bill Morneau delivers a speech that will outline Canada’s economic situation, how to help the middle class and how to stimulate economic growth. Morneau will later meet with members of the FADOQ seniors’ network, 4545 Pierre-de-Coubertin Avenue, in Montreal, at 3:15 p.m. The visit is open to media. (1 p.m. at Bonaventure Montreal, Salle de Bal, 900, de la Gauchetiere Ouest)

MONTREAL _ Cogeco Inc. and Cogeco Cable Inc. release first-quarter results after markets close. A conference call will be held on Jan. 13.

OTTAWA _ The Supreme Court of Canada hears the case of an Alberta woman who claims hydraulic fracturing contaminated her well with hazardous chemicals. (Supreme Court)

AJAX, Ont. _ Ontario Premier Kathleen Wynne makes an announcement alongside MPP Joe Dickson. A media availability follows. (12:15 p.m.)

OSHAWA, Ont. _ Ontario Premier Kathleen Wynne visits Lakeridge Health Oshawa alongside Whitby-Oshawa Liberal candidate Elizabeth Roy. Photo opportunity at 2 p.m. (1 p.m. at 1 Hospital Court)

TORONTO _ The Fraser Institute releases a new study examining the level of federal transfers to provincial and territorial governments. (5:30 a.m. at

x-TORONTO _ CEOs of Canada’s biggest banks deliver speeches, which will be webcast. (8 a.m.)

TORONTO _ Finance Minister Charles Sousa hosts the first pre-budget consultation for the 2016 Ontario budget. Minister Sousa holds a media availability at 9:30 a.m. (10 a.m. at St. Paul’s Anglican Church, 227 Bloor St. East)

TORONTO _ Bardish Chagger, minister of Small Business and Tourism, makes an important announcement to support the advancement of the digital media industry in southern Ontario. (1 p.m. at Canadian Film Centre (AGF Garden Room), 2489 Bayview Ave.)

TORONTO _ AltaCorp Capital hosts an investor conference. Through Jan. 14. Webcast available at (Shangri-La Hotel, 188 University Ave.)

x-CALGARY _ Final day of the Conference Board of Canada’s Oil and
Gas Summit. Glen Hodgson, the Conference Board’s Chief Economist,
speaks at 8:15 a.m.; Phil Fontaine, president of Ishkonigan Inc. and
former National Chief of the Assembly of First Nations, provides the
closing keynote speech at 4:15 p.m. Go to for the full agenda.
(Sheraton Eau Claire)

SASKATOON _ Saskatchewan Agriculture Minister Lyle Stewart makes an announcement in support of crop-related research during the third annual CropSphere. (12:30 p.m. at TCU Place, Grand Salon, 35 22nd St. East)

MAPLE RIDGE, B.C. _ WorkBC’s Find Your Fit tour brings information about in-demand occupations to area high school students. (3 p.m. at Brookswood Secondary, 20902 37A Avenue)

UNDATED _ Interveners file written argument-in-chief and reply to Trans Mountain pipeline expansion project, including comments on draft conditions, to the National Energy Board.

VANCOUVER _ Four-thousand convention planners and suppliers gather for the Professional Convention Management Association’s Convening Leaders conference. Through Jan. 13. (Vancouver Convention Centre, 999 Canada Place)

VANCOUVER _ Premier Christy Clark,Health Minister Terry Lake and cancer researchers gather for announcement at the B.C. Cancer Agency. A technical briefing starts at 9:30 with the announcement at 10 a.m. Media dial-in for listen only is at 604-681-0260 or 1 877-353-9184, pass code: 22351# (9:30 a.m. at B.C. Cancer Agency, 675 West 10th Ave. )

VICTORIA _ The Shawnigan Residents Association judicial review of an Environmental Appeal Board decision allowing the dumping of contaminated soil at a site near Shawnigan Lake. Through Jan. 15. (10 a.m. at Room 401, Victoria Law Courts, 850 Burdett Street)

VICTORIA _ The Office of the Auditor General for Local Government releases a performance audit report on the City of New Westminster. The report will be posted at under the topic “Local Government Performance in Managing.” Auditor General for Local Government Gordon Ruth is available for media interviews following the release. (11 a.m. at Online at





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