Business

A government report suggests federal incentives for used electric vehicles could be in the works as Ottawa pushes to phase out gas-powered cars. Federal program currently offers incentives for only new vehicles. A government report suggests federal incentives for used electric vehicles could be in the works as Ottawa pushes …

The B.C. Utilities Commission (BCUC) has rejected an application from FortisBC to build a natural gas pipeline worth $327 million in the Okanagan region. FortisBC had argued that 30 km of new pipeline was needed to meet Okanagan area’s energy demands, The B.C. Utilities Commission (BCUC) has rejected an application …

A trial date has been set for early 2025 to sort out whether Alberta is liable for billions in compensation due to policy changes for coal development in the province. 4 separate statements of claim consolidated into single trial to start in early 2025. A trial date has been set …

Canada’s economy was essentially unchanged for the third consecutive month in October, but gross domestic product likely edged up in November, Statistics Canada data showed on Friday.  September GDP was revised to zero growth from an initial report of 0.1% growth. Canada’s economy was essentially unchanged for the third consecutive …

Property values across Metro Manila’s central business districts held steady in 2023, with commercial lot transactions in Makati City fetching up to P1.5 million per square meter (sq. m).  Leechiu Property Consultants Inc. (LPC) said in a report this proves the market’s resilience despite the local and global headwinds this …

The rubber-stamped sale of HSBC’s Canadian operations to Royal Bank will lessen competition on mortgage rates, says one analyst who touted the bank’s key role in lowering borrowing costs through its presence in Canada.  $13.5B sale, approved by Finance Minister Chrystia Freeland this week, will close in early 2024. The …

The company that owns and operates adult entertainment websites including Pornhub.com has reached a deferred prosecution agreement with the U.S. Justice Department over its ties to an alleged sex trafficking operation, court records showed.  Aylo knew proceeds from its websites stemmed from illegal activity, says U.S. Justice Department. The Montreal-based …

Honda Motors is recalling about 4.5 million vehicles worldwide over risks of fuel pump failure, the Japanese automaker said.  Approximately 297,836 vehicles are affected in Canada, according to the company’s website. Honda Motor’s American unit is recalling about 4.5 million vehicles worldwide over risks of fuel pump failure, the Japanese …

The Canadian toy retailer announced earlier this month that it had signed an asset purchase agreement with Unity Acquisitions Inc. A company spokesperson says Mastermind Toys gift cards will not be accepted after Christmas Eve.  Ailing toy retailer signed asset purchase agreement with Unity Acquisitions Inc. earlier this month. Mastermind …

The Bank of Canada’s governing council agreed the odds of another rate hike have decreased during its discussions ahead of the interest rate decision earlier this month.  Central bank held key interest rate at 5 per cent in December for third time. The Bank of Canada’s governing council agreed the …