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Enbridge reports $1.1B Q4 loss as it takes $2.5B goodwill impairment charge

Enbridge reports $1.1B Q4 loss as it takes $2.5B goodwill impairment charge

CALGARY — Enbridge Inc. reported a loss of $1.1 billion in its latest quarter as it took a $2.5-billion non-cash goodwill impairment charge related to its gas transmission business as a result of what it said was the increased cost of capital.
B.C. adds 8K jobs in January despite heavy losses in tech

B.C. adds 8K jobs in January despite heavy losses in tech

Tech sector losses stack up amid global layoffs
Deloitte bringing workers back with new B.C. HQ

Deloitte bringing workers back with new B.C. HQ

The new downtown 91Ô­´´ space accounts for the changing nature of in-person work
Major 91Ô­´´ condo developer seeks creditor protection

Major 91Ô­´´ condo developer seeks creditor protection

Coromandel has $700 million of debt stemming from the purchase of 16 groups of properties between 2016 and 2021.
John Horgan stepping down as MLA for Langford-Juan de Fuca

John Horgan stepping down as MLA for Langford-Juan de Fuca

Horgan, 63, resigned as B.C.’s 36th premier in late November, saying it was time for a generational change.
Red Bull buys Chilliwack site for first North American ingredient facility

Red Bull buys Chilliwack site for first North American ingredient facility

Chilliwack plant will be Red Bull's second premix facility in the world as it eyes U.S. growth
91Ô­´´ 91Ô­´´ Railway reaches deal with workers represented by Steelworkers

91Ô­´´ 91Ô­´´ Railway reaches deal with workers represented by Steelworkers

CALGARY — 91Ô­´´ 91Ô­´´ Railway Ltd. says it has reached a tentative agreement with the union representing about 550 administrative support and intermodal employees in Canada.
Report urges windfall tax to recover CEWS funds from large corporations

Report urges windfall tax to recover CEWS funds from large corporations

OTTAWA — A new report by the non-profit organization 91Ô­´´s for Tax Fairness says Canada should institute a windfall tax on all large corporations to help recover some of the public funds awarded to businesses during the pandemic.
Carbon capture too expensive, takes too long to build: Report

Carbon capture too expensive, takes too long to build: Report

CALGARY — By betting it can solve its emissions problem with carbon capture and storage, Canada's oil and gas industry risks saddling itself with expensive stranded assets, a new report argues.
Canada's housing market to see listings fall in first quarter, before rebounding: TD

Canada's housing market to see listings fall in first quarter, before rebounding: TD

TORONTO — A new report says Canada's housing market will see new listings fall in the first quarter before rebounding later in the year and then, slowing to a more modest growth pace in 2024.