Skip to main content

Finance & Capital Management

  • An Alberta refinery could help with squeezed gas supply in B.C.: Premier Horgan

    British Columbia Premier John Horgan says Alberta may be the best place to boost refining capacity to increase a supply of fuel to the province.
  • Ontario Chamber of Commerce asks government to abandon gas pump sticker plan

    Forcing gas station operators to display Ontario government stickers on the federal carbon tax violates their rights and freedoms, the province's chamber of commerce said April 25, as it asked the Progressive Conservatives to reverse their decision.In a letter to the Energy Minister Greg Rickford, chamber president Rocco Rossi said the group's members are concerned about the "political nature'' of the decals, which were unveiled earlier this month as part of the Tory government's fight against the federal levy."Our members—including gas station operators—have expressed concerns regarding the political nature of the stickers, viewing them as a violation of their rights and freedoms," Rossi said.Ontario has introduced legislation that requires stickers—in English and French—to be put on gas pumps showing that the tax has added 4.4 cents a litre to the price of gasoline and that will rise to 11 cents per litre by 2022.The government said earlier this month the stickers will cost taxpayers approximately $5,000 to print 25,000 decals but that does not cover the cost to distribute them to the province's 3,200 gas stations.Gas station operators who don't display the government-mandated stickers could be subject to fines of up to $10,000 per day.Rossi called on the government to scrap the section in the legislation, which mandates the stickers.“This initiative is an example of unnecessary red tape: it is both a new administrative burden and an increased cost to business thanks to the punitive and outsized fines for non-compliance,” he said in the letter.Rickford defended the stickers, saying in a statement that the federal carbon tax will have a negative impact on every one in the province.“Ontario families have the right to know exactly what the Trudeau carbon tax costs them every time they fill up at the pump,” he said in a statement.
  • Manitoba files separate court action over federal carbon tax, seeks review

    The Manitoba government has filed its own court challenge of the federal government's carbon tax, following similar moves by Ontario and Saskatchewan.
  • Tap payments account for more than half of transactions in Q1

    For the first time, contactless (or tap) accounted for the majority of card present transactions in Canada, according to the MonerisMetrics Quarterly Report released by Moneris Solutions Corporation.
  • Meet the Canadian Carwash Association's new Board of Directors

    The Canadian Carwash Association officially unveiled its Board of Directors for 2019/2020, introducing a mix of new and familiar faces.
  • Ontario court upholds stay of legal proceedings against 3 tobacco companies

    An Ontario court has upheld an order that suspended legal proceedings against three major tobacco companies, rejecting arguments from lawyers representing Quebec smokers.
  • Campbell sells Bolthouse Farms for $510 million

    The Campbell Soup Company has signed a definitive agreement for the sale of Bolthouse Farms to an affiliate of Butterfly Equity, a Los Angeles-based private equity firm specializing in the food sector, for $510 million USD, subject to customary purchase price adjustments.
X
This ad will auto-close in 10 seconds