Kinder Morgan says recent events confirm that an investment in the Trans Mountain pipeline expansion may be “untenable” and that the Canadian government’s pledge of financial support does not resolve political risk related to British Columbia’s opposition. Kinder Morgan’s Chief Executive, Steven Kean, said yesterday: “it’s become clear this particular...
JetBlue Airways Corporation (NASDAQ: JBLU) reported its preliminary traffic results for March 2018. Traffic in March increased 7.3 percent from March 2017, on a capacity increase of 3.3 percent. Load factor for March 2018 was 89.0 percent, an increase of 3.3 points from March 2017. JetBlue’s preliminary completion factor...
Ford's Giant 'Car Vending Machine' Is Now Open for Business in China. Chinese e-commerce company Alibaba and U.S. carmaker Ford Motor have teamed up to create a massive car vending machine that dispenses vehicles to anyone interested in purchasing a Ford — assuming their “social credit score” is high enough. The...
Pierce Brosnan told India health officials that a brand there "cheated" him by linking the British actor to a product with a reported association with an addictive form of tobacco, the BBC News reported. In 2016, Brosnan agreed to advertise a so-called breath freshener/tooth whitener for an Indian company called...
Mark Zuckerberg loses $3 billion as world's richest get pummelled by market swoon. It’s been an expensive week for the world’s richest people. Mark Zuckerberg is nursing the biggest fall after losing $3.2 billion as large cap stocks disappointed for a fourth straight day. Losses for the Facebook Inc. chief...
The B.C. government announced it plans Wednesday to tax Airbnb on short-term rentals and use the anticipated $16 million to fund housing affordability projects. Airbnb has agreed to begin collecting an eight per cent sales tax (PST) and up to three per cent in a municipal and regional district tax...
Royal Bank of Canada (RY.TO 0.08%) and Toronto-Dominion Bank (TD.TO 0.39%) raised their posted five-year fixed mortgage rates, increasing borrowing costs for Canadian homebuyers ahead of the Bank of Canada’s interest rate decision next week. RBC raised its posted five-year fixed rate by 15 basis points to 5.14 per cent,...
Another day, another extreme cold warning in Toronto. "A multi-day episode of very cold wind chills is expected," warns the news release from Environment Canada. "2017 is about to end with the coldest air of the year. A fresh surge of record-breaking Arctic air is forecast to encompass the entire...
Woman gets $284 billion electric bill, wonders whether it’s her Christmas lights. Mary Horomanski checked her online account this month and found she owed $284 billion to the electric company—a fortune worth more than the national debts of Hungary and South Africa combined, the Erie Times-News reported. The 58-year-old thought putting...
Netflix subscribers are being warned about phony text and email messages being sent to subscribers. The company says on its website that some Canadian users are receiving "suspicious" texts and emails asking for their login details. The fake messages tell subscribers their Netflix access has been suspended due to a payment...