Newspaper article The Canadian Press

Business News Advisory

Newspaper article The Canadian Press

Business News Advisory

Article excerpt

Business News Advisory


Friday, FEB. 24, 2017


Here are the CP Business Department's afternoon 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 Jeffrey Hodgson at or Assistant Business Editor Tara Brautigam at or the department at . We can also be reached at 416-507-2138.


Canada's MDA may move HQ to U.S., says CEO


Canada's leader in space technology, MacDonald, Dettwiler and Associates Ltd., may end up moving its head office to the United States within two years, but that's only one possible outcome of its proposed takeover of Colorado-based DigitalGlobe. The Vancouver-based company has made a firm commitment that DigitalGlobe's ultimate parent will be a U.S. company by the end of 2019 -- although there's been no decision yet about how that will be done, MDA CEO Howard Lance said Friday.


Surge in gas prices fuels inflation


OTTAWA -- A surge in gasoline prices helped drive Canada's annual inflation rate well beyond expectations in January to 2.1 per cent -- an increase that coincided with the implementation of new carbon-pricing policies in Ontario and Alberta. Statistics Canada said Friday the 6.3 per cent increase in transportation costs was the main contributor to the higher inflation rate, with gas prices spiking by 20.6 per cent across the country compared to the year before. Moves Business and National, please guard against duplication


Cleanup of Saskatchewan spill cost $107M: Husky


CALGARY -- A major oil pipeline spill last year in Saskatchewan cost $107 million to clean up, a $17-million increase from a September estimate of $90 million, according to pipeline operator Husky Energy (TSX:HSE) of Calgary. The pipeline rupture last July allowed 225,000 litres of heavy oil mixed with diluent to spill onto the bank of the North Saskatchewan River, with about 40 per cent or 90,000 litres reaching the river. Moves Business and Prairies/B.C., please guard against duplication



Magna raises concerns about protectionism


AURORA -- Canadian auto parts giant Magna International Inc. …

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