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Online storytelling app Wattpad gives users an ad free option for $5.99 a month

Canadians who prefer their online stories told without advertising to interrupt the dramatic flow can now subscribe to a “premium” version of the Wattpad app. But it’s going to cost them. The Toronto-based company says it is responding to reader requests — and hoping for a revenue boost — by rolling out a subscriber-paid version …

New era of oil supply certainty force changes in Canadian producers’ strategies

CALGARY — A shift in global oil markets sentiment is under way, replacing decades of scarcity fears with confidence in surpluses, capping oil prices and forcing changes in the way the industry works, observers say. “We’re moving from a mindset where oil was considered a scarce resource to one now where it’s more of a …

Toronto Montreal in 39 minutes? Hyperloop judges say this route is a winner

The Toronto-Montreal corridor has taken the prize as one of the strongest candidates in the world for a hyperloop system that could cut travel time between the cities from five hours to just 39 minutes. But transportation expert Martin Collier says there’s no way he’s going to be the first to buy a ticket to …

Tilray to build $30 million EU cannabis production operation in Portugal

CALGARY— Canadian cannabis producer Tilray says it will invest 20 million euros (about C$29.5 million) in a medical cannabis operation in Portugal after winning federal licences there to import cannabis seeds and clones and cultivate them. It says it plans to establish a campus at Cantanhede, about 220 kilometres north of Lisbon, that will grow, …

Energy East Pipeline review decision greeted as victory by environmentalists

CALGARY — In a decision cheered by environmentalists but considered a setback by the oil industry, Canada’s national energy regulator says it will allow wider discussion of greenhouse gas emission issues in upcoming hearings for the Energy East Pipeline. The National Energy Board said Wednesday it will for the first time consider the public interest …

NAFTA energy clause draws criticism from Canadian voices on the right and left

CALGARY — As NAFTA 2.0 negotiations begin, an old trade issue with a strange name has emerged to create unlikely allies across the political spectrum and staunch defenders in the oilpatch. The “proportionality clause” originally appeared in the Canada-U.S. Free Trade Agreement of 1988 and became a major issue in that year’s federal election that …

In Brad Wall, private sector had ally whose voice rang louder than most

With Brad Wall’s departure from politics, the private sector is losing an ally whose voice reverberated louder than most on the public stage. During his 10-year tenure as Saskatchewan’s premier, Wall’s reputation as an advocate of free enterprise grew, whether he was defending the interests of potash or the oilpatch. “He has been a strong …

Alberta appeal court backs decision that favoured Redwater Energy creditors

CALGARY –A court decision that gave secured creditors priority over environmental cleanup in the case of bankrupt Redwater Energy Corp. has been upheld by the Alberta Court of Appeal. The lawsuit has been closely watched as a precedent-setting case as bankruptcies continue to afflict the oil and gas industry after more than two years of …

Canadian Pacific CEO vows to smooth “ruffled feathers” with new labour contracts

CALGARY—A new labour deal covering 600 administrative and intermodal employees in Canada announced Wednesday represents success at smoothing “ruffled feathers” among employees at Canadian Pacific Railway (TSX:CP), says CEO Keith Creel. On a conference call to discuss the company’s first-quarter results, Creel said he has been busy over the past few months hosting town hall …

Premier Brad Wall invites Calgary energy companies to relocate to Saskatchewan

CALGARY –Saskatchewan Premier Brad Wall is taking a turf war with Alberta to its economic heart, inviting energy companies based in Calgary to move their headquarters to his province. In a letter to Whitecap Resources (TSX:WCP) dated Monday, Wall offers to subsidize relocation costs, trim taxes and royalties and help find space in unused government …

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