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Garneau ‘disappointed’ in airlines’ move against new passenger bill of rights

Business Canadian Business

Transport Minister Marc Garneau said he was 'surprised' and 'disappointed' by legal action from Canadian airlines to quash new rules to beef up compensation for passengers subjected to delayed flights and damaged luggage.
'MONTREAL — Transport Minister Marc Garneau said he was “surprised” and “disappointed” by legal action from Canadian airlines to quash new rules to beef up compensation for passengers subjected to delayed flights and damaged luggage. “We feel that we have done our homework very, very carefully in consultation with the airlines and with other stakeholders,” Garneau told reporters Monday, when the first phase of long-promised air travel regulations took effect. “We feel that the passenger rights that we’ve put in place are going to stand up and that they’re very fair to both passengers and to the airlines.” Air Canada and Porter Airlines Inc., along with 17 other applicants that include the International Air Transport Association — which counts WestJet Airlines Ltd. among its 290-odd member airlines — state in a court filing that mandatory compensation under the passenger bill of rights violates international standards and should be rendered invalid.The June 28 court application argues that the passenger bill of rights contravenes the Montreal Convention, a multilateral treaty, by setting compensation amounts based on the length of the flight delay and “irrespective of the actual damage suffered.” Consumer advocates, however, say the rules do not go far enough, arguing that airlines’ exemption from compensating customers in situations “outside of the airline’s control” uses too broad a definition and amounts to a loophole.A second batch of rules, set to roll out in December, imposes no obligation on airlines to pay customers for delays or cancellations if they were caused by mechanical problems discovered in a pre-flight check — walking around the aircraft before takeoff looking for defects — rather than during scheduled maintenance — more thorough inspections required after 100 hours cumulatively in the air. “Airlines understandably cannot be held responsible for acts of sabotage or medical emergencies, yet there are other circumstances listed as outside of carriers’ control in the air passenger protection regulations that raise serious questions, such as labour disruptions and manufacturing defects in an aircraft,” said advocacy group Flight Claim Canada in a release. “The list is also non-exhaustive — a gap that airlines will use to their advantage to the detriment of air passengers.” Garneau insisted terms are clearly defined, and reiterated that delays or cancellations following a pre-flight check do not, in his view, warrant, compensation. “We believe that we’ve made it very clear what is within the airline’s control and what is not within the airline’s control,” he said.The new rules align roughly with those in the U.S., but do not match European Union standards that deem most mechanical defects within the airlines’ control.The first phase of regulations that came into force Monday require prompt updates and clear communication with passengers about their rights if their flight is delayed or cancelled.Travellers can receive up to $2,400 if bumped from a flight and up to $2,100 for lost or damaged luggage.In the event of a tarmac delay, aircraft must return to the gate after three hours.An extra 45 minutes is allowed if takeoff is likely.During a tarmac delay, Passengers also must have access to washrooms, food and water, heating or cooling, and communication with people outside the plane free of charge, “if feasible,” the Canadian Transportation Agency said.The issue came to the forefront after a 2017 incident in which two Montreal-bound Air Transat jets were diverted to Ottawa due to bad weather and held on the tarmac for up to six hours, leading some passengers to call 911 for rescue.Compensation of up to $1,000 for delays of nine hours or more will take effect in December.On Monday, Garneau defended the postponement — pushed for by airlines — by pointing to the now four-month grounding of the Boeing 737 Max, after he said as recently as April the regulations would come down simultaneously in July. “That has affected several airlines in Canada, and we recognize that that has put an additional burden on them in terms of their reservation systems and their operations,” he said.Garneau told reporters that “complex software” systems to handle the new passenger compensation rules also necessitated the delay.Passenger Mary Alice Ernst, en route to Chicago from Montreal with her daughter Monday, said the traveller bill of rights was a breath of fresh air. “Used to be, back in the day, they were really eager to please you, and provide those extra incidentals — free hotel, things like that.Now they’re not so quick to respond to those needs.They have excuses,” she said of airlines. “We need this.” As of Monday, airlines must also outline clear rules around carriage of musical instruments.Companies in this story: (TSX:AC, TSX:WJA) Christopher Reynolds, The Canadian Press . The post Garneau ‘disappointed’ in airlines’ move against new passenger bill of rights appeared first on Canadian Business - Your Source For Business News .'

Producers still cautious despite higher Q2 expectations on stronger oil prices

Business Energeticcity.ca

CALGARY _ Higher oil prices are expected to boost cash flow for Canadian crude producers as they roll out second-quarter results beginning next week, but analysts say the extra money is unlikely to be added to growth budgets.
'CALGARY _ Higher oil prices are expected to boost cash flow for Canadian crude producers as they roll out second-quarter results beginning next week, but analysts say the extra money is unlikely to be added to growth budgets.Canadian oil prices steadied in comparison with U.S. benchmarks in the three months ended June 30 following six months of volatility blamed on the failure of pipeline capacity to match growing oilsands output and Alberta’s decision to impose production limits starting in January.Analyst Nick Lupick of AltaCorp Capital says despite current higher prices and expectations of strong prices going forward, producers remain cautious and are more likely to buy back their own shares or raise dividends than increase spending to grow output.Greg Pardy of RBC Dominion Securities says oilsands bitumen producers such as MEG Energy Corp. and Cenovus Energy Inc. are likely to post “standout” results given a 16 percent increase in average Western Canadian Select bitumen-blend prices from the first to the second quarter.Natural gas producers, however, are expected to see more dismal results as Alberta spot gas prices averaged 60 percent less than in the previous quarter.The earnings parade starts July 24 with Suncor Energy Inc., followed by Cenovus and Husky Energy Inc. the next day.   . The post Producers still cautious despite higher Q2 expectations on stronger oil prices appeared first on Energeticcity.ca .'

Producers still cautious despite higher Q2 expectations on stronger oil prices

Business Energeticcity.ca

CALGARY — Higher oil prices are expected to boost cash flow for Canadian crude producers as they roll out second-quarter results beginning next week, but analysts say the extra money is unlikely to be added to growth budgets.
'CALGARY — Higher oil prices are expected to boost cash flow for Canadian crude producers as they roll out second-quarter results beginning next week, but analysts say the extra money is unlikely to be added to growth budgets.Canadian oil prices steadied in comparison with U.S. benchmarks in the three months ended June 30 following six months of volatility blamed on the failure of pipeline capacity to match growing oilsands output and Alberta’s decision to impose production limits starting in January.Analyst Nick Lupick of AltaCorp Capital says despite current higher prices and expectations of strong prices going forward, producers remain cautious and are more likely to buy back their own shares or raise dividends than increase spending to grow output.Greg Pardy of RBC Dominion Securities says oilsands bitumen producers such as MEG Energy Corp. and Cenovus Energy Inc. are likely to post “standout” results given a 16 per cent increase in average Western Canadian Select bitumen-blend prices from the first to the second quarter.Natural gas producers, however, are expected to see more dismal results as Alberta spot gas prices averaged 60 per cent less than in the previous quarter.The earnings parade starts July 24 with Suncor Energy Inc., followed by Cenovus and Husky Energy Inc. the next day.Companies in this article include: (TSX:SU, TSX:MEG, TSX:HSE, TSX:CVE) The Canadian Press . The post Producers still cautious despite higher Q2 expectations on stronger oil prices appeared first on Energeticcity.ca .'

Muttart Urban District breaks ground on game-changing community

Business Edmonton Journal

A prime downtown east location, at one time home to a lumber yard and a company that would become a supplier of pre-manufactured houses, garages and trusses, is getting a new lease on life. The Muttart land, in the shadow of Commonwealth Stadium, is
'A prime downtown east location, at one time home to a lumber yard and a company that would become a supplier of pre-manufactured houses, garages and trusses, is getting a new lease on life. Read More'

SIGA reports $262 million in revenue for 2018-19

Business ibftoday.ca

Press Release July 11, 2019 – Saskatoon, SK – The Saskatchewan Indian Gaming Authority (SIGA) is pleased to announce revenues of $262 million with net earnings of $82.5 million for the 2018-19 fiscal year.
'Press Release July 11, 2019 – Saskatoon, SK – The Saskatchewan Indian Gaming Authority (SIGA) is pleased to announce revenues of $262 million with net earnings of $82.5 million for the 2018-19 fiscal year.View and download our annual report at sigaannualreport.ca. ‘It is through strong ties with loyal patrons and the hard work of our employees that we have achieved the success we have today and we’re able to share that success with Saskatchewan communities,’ says Zane Hansen, SIGA President and CEO.As a non-profit corporation, 100 per cent of SIGA’s profits are distributed to our beneficiaries in Saskatchewan.SIGA is owned by Saskatchewan’s 74 First Nations and reports our financial and operational performance to our shareholders and the public.Profits generated from SIGA’s operations are administered by the Province of Saskatchewan: 50 per cent is shared with the First Nations Trust, which is distributed to Saskatchewan First Nation communities; 25 per cent is shared with regional Community Development Corporations, which are situated in the casino locations and fund local initiatives; 25 per cent is shared with the provincial government’s General Revenue Fund.On top of these returns, we also invested $1.3 million into more than 500 local organizations across Saskatchewan through our Community Investment Program in 2018-19.SIGA’s President and CEO speaks to our strong sense of purpose as an organization as the foundation for our success: ‘As we look ahead – only one year out from celebrating a major milestone, 25 years in business – we reflect on how far we’ve come.From about 500 employees and four casinos to close to 2,000 employees and seven casinos – with a 64 per cent First Nation workforce.We’ve been able to build this success by maintaining a resolute focus on our ‘why,’ our purpose – to create opportunity and to help strengthen the lives of First Nation people.’ SIGA continues to be a leader in Canada’s gaming industry, offering a distinct First Nation entertainment experience that reflects the traditional aspects of First Nation heritage and hospitality.SIGA is also one of the largest employers of First Nation people in Canada, employing close to 2,000 people, 64 per cent of which are First Nation. -30- For more information, please contact: Kailey Lavallee Communications Specialist Saskatchewan Indian Gaming Authority kailey.lavallee@siga.sk.ca 306-477-7376 Or Melody Lynch Director of Communications Saskatchewan Indian Gaming Authority melody.lynch@siga.sk.ca 306-477-7575 M: 306-250-7235 About SIGA SIGA’s mission is to strengthen the lives of First Nation people through employment, economic growth, positive community relations and achieving financial self-reliance.A non-profit organization, all net profits from SIGA’s casino operations go to local First Nation communities, community development corporations and the province’s general revenue fund.Sharing Success with Saskatchewan communities.SIGA.ca.SIGA Casino locations Bear Claw Casino & Hotel (White Bear First Nation) near Carlyle Dakota Dunes Casino (Whitecap Dakota First Nation) near Saskatoon Gold Horse Casino (Border Tribal Council) in Lloydminster, SK Gold Eagle Casino (Mosquito First Nation) in North Battleford Living Sky Casino (Nekaneet First Nation) in Swift Current Northern Lights Casino (Peter Ballantyne Cree Nation) in Prince Albert Painted Hand Casino (Kahkewistahaw First Nation) in Yorkton IBF4 . The post SIGA reports $262 million in revenue for 2018-19 appeared first on Indigenous Business & Finance Today .'

US stock indexes continue to climb into record territory

Business Canadian Business


'NEW YORK — U.S. stocks were modestly higher in afternoon trading on Friday, as declines in health care stocks were offset by gains in technology, consumer discretionary and industrial company stocks.The gains came a day after the Dow Jones Industrial Average closed above 27,000 points for the first time.Investors remain focused on the Federal Reserve.The Fed is expected to cut its benchmark interest rate later this month for the first time in more than a decade to help counter slowing growth.Investors have bet heavily that the Fed is moving that direction, moving stock and bond yields higher in the last two weeks.The Dow rose 178 points, or 0.7%, to 27,264 as of 3:15 p.m.ET.The Standard & Poor’s 500 index rose 0.3% and the Nasdaq composite rose 0.5%. Health care stocks took some of the heaviest losses.Eli Lilly, Merck and Pfizer all fell nearly 2%. Pharmaceutical companies also fell on Thursday after the White House withdrew a plan to overhaul the rebates that drugmakers pay insurers and distributors.Investors now expect drugmakers may come under renewed pressure to lower prices.Separately, another drugmaker Johnson & Johnson was down 5%. Bloomberg News reported that the company, a Dow component, is under a criminal investigation for possibly lying to the public about the cancer risks found in its ever-popular baby powder.Industrial companies were doing well.DuPont, Emerson Electric and Illinois Tool Works each rose nearly 3%. There was positive economic data out of Europe on Friday.Industrial production rose by 0.9% in May, much more than the 0.2% gain that economists had been expecting.Ford rose 2.6% after announcing that it would team up with Volkswagen to share costs on self-driving and electric vehicles.Shares of Illumina, a genetics toolmaking company, plunged 16% after the company announced it was lower its full-year forecast on weaker-than-expected revenue.Stocks have been trending higher for much of the week as investors have grown more confident that the Federal Reserve may cut interest rates for the first time in a decade as soon as the end of this month.Bond yields have been moving higher for several days, a sign that investors have become more confident that the U.S. economy will continue to produce growth, at least for the next several months.On Wednesday, Fed chairman Jerome Powell told Congress that many Fed officials believe a weakening global economy and rising trade tensions have strengthened the case for a rate cut.The yield on the benchmark U.S. 10-year Treasury note was 2.11% compared to the multi-year low of 1.95% the bond hit only 10 days ago. “In our view, the Fed will cut (rates by a quarter of percentage point) since market expectations are near 90%,” Tom Di Galoma, with Seaport Global, wrote in a note to clients.In other moves, Anheuser-Busch InBev dropped 4% after The Wall Street Journal reported that the beer giant was cancelling plans to spin off its Asian division into a separate publicly traded company.Investors are also preparing for the start of second-quarter earnings season.The big banks will start reporting their results on Monday, starting with Citigroup.JPMorgan Chase, Wells Fargo and Goldman Sachs will report their results on Tuesday.Benchmark crude oil rose 1 cent to settle at $60.21 a barrel in New York.Brent crude oil, the international standard, rose 20 cents to $66.72 a barrel.Ken Sweet, The Associated Press . The post US stock indexes continue to climb into record territory appeared first on Canadian Business - Your Source For Business News .'

N.S. approves new attempt to harness Bay of Fundy’s powerful tides

Business Canadian Business

An Alberta-based company has been granted permission to try to harness electricity from the powerful tides of the Bay of Fundy.
'HALIFAX — An Alberta-based company has been granted permission to try to harness electricity from the powerful tides of the Bay of Fundy.Nova Scotia has issued two renewable energy permits to Jupiter Hydro.Backers have long touted the massive energy potential of Fundy’s tides — they are among the world’s most powerful — but large-scale commercial efforts to harness them have borne little fruit so far.The Jupiter application says it will use three “floating barge type platforms” carrying its patented technology.The company says it uses helical turbines mounted as if they were outboard motors. “Having another company test their technology in the Bay of Fundy shows that this early-stage industry continues to grow and create green jobs in our rural communities,” Energy and Mines Minister Derek Mombourquette said in a statement.The first permit allows the company to test a one-megawatt prototype that is not connected to the electricity grid.The second — a five-year permit for up to two megawatts — is renewable if the company meets performance standards, environmental requirements and community engagement conditions.Mombourquette also authorized a power purchase agreement that allows the company to sell the electricity it generates to Nova Scotia Power for 50 cents per kilowatt hour.On its web site, Jupiter says it believes its approach “will prove to be the most cost effective marine energy conversion technology in the world.” The one megawatt unit would have screws which are about 5.5 metres in diameter.The project is required to obtain all other necessary approvals, permits and authorizations.It will be located near the Fundy Ocean Research Center for Energy in the Minas Passage and will use existing electricity grid connections.A study commissioned by the Offshore Energy Research Association of Nova Scotia says by 2040, the tidal energy industry could contribute up to $1.7 billion to Nova Scotia’s gross domestic product and create up to 22,000 full-time jobs.Last month, Nova Scotia Power said it now generates 30 per cent of its power from renewables.The utility says 18 per cent came from wind turbines, nine per cent from hydroelectric and tidal turbines and three per cent by burning biomass.However, over half of the province’s electrical generation still comes from the burning of coal or petroleum coke.Another 13 per cent come from burning natural gas and five per cent from imports.The Canadian Press . The post N.S. approves new attempt to harness Bay of Fundy’s powerful tides appeared first on Canadian Business - Your Source For Business News .'