Bonnyville, St. Paul and Lac La Biche - National Business News

Dorel to pay tax charge after Luxembourg Administrative Court ruling

MONTREAL — Dorel Industries Inc. says the Luxembourg Administrative Court has confirmed a tribunal ruling that one of Dorel’s subsidiaries owes US$64.2 million in tax.

Oct 29, 2021 8:53 AM Read more >

Wages jump by the most on records dating back 20 years

WASHINGTON (AP) — Wages and salaries jumped in the three months ending in September by the most on records that date back 20 years as companies are forced to offer higher pay to fill a near-record number of available jobs. Pay increased 1.

Oct 29, 2021 8:14 AM Read more >

Power and gas utility Fortis reports $295M Q3 profit, revenue up from year ago

ST. JOHN'S, N.L. — Fortis Inc. says it earned $295 million in its third quarter, up from $292 million in the same quarter last year. The power and gas utility says the profit amounted to 63 cents per share for the quarter ended Sept.

Oct 29, 2021 7:27 AM Read more >

Shaw CEO Brad Shaw reiterates commitment to Rogers deal as Shaw reports Q4 profit up

CALGARY — Shaw Communications Inc. says it remains committed to its deal to be bought by Rogers Communications Inc. as it reported its fourth-quarter profit rose more than 40 per cent compared with a year ago.

Oct 29, 2021 7:18 AM Read more >

TransAlta Renewables finds cracks in turbine foundations at New Brunswick wind farm

CALGARY — TransAlta Renewables Inc. lowered its financial guidance for this year as it said it has found cracks in several foundations of the turbines at a wind farm in New Brunswick where a tower collapsed earlier this month.

Oct 29, 2021 6:49 AM Read more >

In the middle of a crisis, Facebook Inc. renames itself Meta

OAKLAND, Calif. (AP) — Like many companies in trouble before it, Facebook is changing its name and logo. Facebook Inc. is now called Meta Platforms Inc.

Oct 28, 2021 5:46 PM Read more >

Brookfield Infrastructure completes acquisition of Inter Pipeline; IPL to be delisted

CALGARY — Brookfield Infrastructure Partners L.P. says it has completed the acquisition of Inter Pipeline Ltd. The transaction was approved near unanimously by Inter Pipeline shareholders and received final approval from an Alberta court.

Oct 28, 2021 5:24 PM Read more >

Biden announces 'historic' deal - but still must win votes

WASHINGTON (AP) — President Joe Biden announced Thursday that he and Democrats in Congress have reached a “historic" framework for his sweeping domestic policy package.

Oct 28, 2021 5:19 PM Read more >

Oil giants deny spreading disinformation on climate change

WASHINGTON (AP) — Top executives of ExxonMobil and other oil giants denied spreading disinformation about climate change as they sparred Thursday with congressional Democrats over allegations that the industry concealed evidence about the dangers of

Oct 28, 2021 5:18 PM Read more >

'Stupid' and 'insane': Some billionaires vent over tax plan

Elon Musk isn't happy. With a personal fortune that is flirting with $300 billion, the Tesla CEO — the richest person on earth — has been attacking a Democratic proposal to tax the assets of billionaires like him.

Oct 28, 2021 5:17 PM Read more >