Here are the CP Business Department's plans for today and the top business stories so far. All times Eastern unless otherwise stated. All ETAs and wordcounts approximate. Entries are subject to change as news develops.
If you have any questions, please contact Kate Hopwood at 416-507-2151 or kate.hopwood@thecanadianpress.com. You can always reach the desk at business@thecanadianpress.com.
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COVERING:
We'll update Trans Mountain and Alberta natural gas prices stories
We will have one more update on the story about Postmedia's deal for Irving's New Brunswick newspapers
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TOP STORIES:
Trans Mountain price tag soars 70 per cent
Trans-Mountain-Costs
Calgary -- The federal government said Friday it will not put more money toward the Trans Mountain pipeline expansion in spite of a newly disclosed price tag for the project that comes in 70 per cent higher than expected. By Amanda Stephenson. Words: 484, Photos: 1
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Postmedia to buy Irving newspapers in $16.1M deal
Postmedia-Brunswick-News
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. By Adena Ali. Words: 544, Photos: 1
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Alta. utility bills soar as natural gas surges
Alta-Utility-Bills
Calgary -- Surging commodity prices and other factors like the phaseout of cheap coal are pushing utility bills in Alberta to shocking heights. Words: 144, Photos: 1
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Air Canada demands lighter travel restrictions
Air-Canada-Rslts
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. By Christopher Reynolds. Words: 704, Photos: 1
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National rental price up 3% from last year: CMHC
Cda-Rentals
Canadian tenants faced another year of affordability challenges as rents crept up nationally and were particularly high in Vancouver and Toronto. By Tara Deschamps. Words: 649, Photos: 1
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StatCan says retail sales fell 1.8 per cent in Dec
StatCan-Retail-Sales
Ottawa -- Canadian retail sales fell 1.8 per cent to $57 billion in December as the spread of the Omicron variant and severe flooding in British Columbia and the Atlantic provinces disrupted transportation, retail operations and sales, Statistics Canada said Friday. Words: 376, Photos: 1
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S&P/TSX composite down, U.S. stocks also lower
Dollar-Markets
Toronto -- Canada's main stock index sank in late-morning trading, tugged down by losses in the energy sector, while U.S. stock markets also fell. Words: 150, Photos: 1
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