Newspaper article The Canadian Press

In the News Today, Aug. 3

Newspaper article The Canadian Press

In the News Today, Aug. 3

Article excerpt

In the news today, Aug. 3

--

Six stories in the news for Friday, Aug. 3

------

TRUDEAU LIBERALS SCALE BACK CARBON TAX

The federal government is scaling back its carbon pricing plan for heavy industrial emitters in a bid to cut greenhouse gas production without creating an incentive for companies to simply up and leave Canada altogether. Last week, Environment Minister Catherine McKenna quietly set out a new plan for industrial emitters which produce more than 50,000 tonnes of greenhouse gases each year, reducing the amount of emissions on which they will have to pay a carbon price.

------

IRREGULAR BORDER CROSSERS COST AT LEAST $270 MILLION

The federal government has spent over $270 million on irregular border crossers over the last year and a half, according to government figures submitted to the parliamentary budget office. The Immigration Department spent more than $117 million since early 2017 and the RCMP says it has spent over $7.3 million since June 2017. Canada Border Services Agency reports it spent about $54.5 million and the Immigration and Refugee Board has spent just under $17 million.

------

AIMIA REJECTS AIR CANADA TAKEOVER BID

Takeover negotiations between Aeroplan operator Aimia Inc. and Air Canada broke off Thursday just hours before a midnight deadline Thursday. Aimia said Air Canada and its three financial partners raised their initial bid for its loyalty plan to $325 million, but Aimia wants $450 million. Air Canada said last week that TD Bank, CIBC and Visa Canada wanted to buy the Aeroplan loyalty business to allow customers to transfer their points to its own platform in 2020.

------

CREWS MAKING HEADWAY WITH ONTARIO FOREST FIRE

Officials say firefighters "continue to make excellent progress" in tackling a massive forest fire know as Parry Sound 33 in northeastern Ontario. The fire began on July 18 and has burned through more than 100 square kilometres of forest. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.