Top Business Headlines
 

September 28, 2020

 
 
Top news
 
CPPIB’s fracking operation in U.S. raises questions
 

Bear Gutierrez/The Globe and Mail

  CPPIB’s fracking operation in U.S. raises questions
 

David Milstead and Bill Curry

 
Institutional Investment Reporter
Lisa and Rich Flynn left Indiana four years ago to retire in rural Colorado. They bought a home with a four-pane picture window in the living room, where they set up chairs to look out on the majestic Front Range of the Rocky Mountains.
 
But when the couple shift to their south-facing kitchen window, they see what’s shattered their Colorado idyll. It’s a towering rig, set up more than a kilometre away to “frack” natural gas from under nearby farmland. On the windowsill, Mr. Flynn, 65, is growing a Sansevieria plant – which is believed to absorb benzene – to block the view.
 
 
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Editor's picks
 
COVID-19 pandemic opens doors for Great-West growth
 

Darren Calabrese/The Globe and Mail

  COVID-19 pandemic opens doors for Great-West growth
 

Andrew Willis

 
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Trump to issue permit for $22-billion railway between Alaska and Alberta to transport oil, other resources
 

IAN WILLMS/The New York Times News Service

  Trump to issue permit for $22-billion railway between Alaska and Alberta to transport oil, other resources
 

Jeffrey Jones

 
Mergers and Acquisitions Reporter
 
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Pandemic defensive moves, three REIT picks and overlooked value stocks: What you need to know in investing this week
 

Sébastien Thibault /The Globe and Mail

  Pandemic defensive moves, three REIT picks and overlooked value stocks: What you need to know in investing this week
 

S.R. Slobodian

 
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Latest posted news
 
Huawei CFO Meng Wanzhou returns to B.C. court to fight U.S. extradition
 
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Doom scrolling, Big Tech and public policy: the long view
 
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  Muskrat Falls project cost goes up by $435-million due to pandemic-related delays
 
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Opinion
 
Canada faces its third great postwar battle
 

William A. Macdonald

Canada faces multiple daunting challenges – more than ever before. Two come from nature: the COVID-19 pandemic and climate change and their fallout. The Throne Speech addresses both, as well as issues such as Indigenous reconciliation, Alberta and national unity, and greater equality. But the speech glaringly does not address what to do about Canada’s third great postwar economic challenge.
 
Looking at “eras” and “moments in history” is a helpful way to look ahead. The first great postwar era occurred seven decades ago, with Canada’s inspiring economic recovery and expansion from 1945 to 1955. The second was the 1984-2004 Mulroney-Chrétien era that successfully delivered ever-increasing economic and financial discipline.
 
One central tenet of those great eras was a shared approach to fundamental challenges – the idea that social advance and economic advance go hand in hand. The trouble is that good eras are normally followed by bad ones. It is not yet clear how good or bad the current new era will be for the world or Canada. There is more than the economy to get right. But nothing will be lastingly right if Canada cannot do better in fostering a more globally competitive private sector to undergird everything else the country does.
 
 
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Energy and resources
 
  Group of prominent Canadians demand immediate halt to work on Site C dam over stability concerns
 
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financial services
 
  HSBC in final talks to sell French retail business at hefty loss, sources say
 
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Inside the Market
 
Canadian dollar finds some support as Wall Street rallies
 
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Economy
 
  Canada records fewer business closures, more openings in June compared with May
 
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Technology, telecom and media
 
  Amazon to hold Prime Day event on October 13-14
 
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International business
 
United Airlines pilots avert layoffs, other workers hope for bailout
 
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Small business
 
Automated Toronto restaurant Box’d has built-in pandemic benefits
 
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Careers
 
  How do you feel at work post-summer? Refreshed, fatigued or depleted?
 
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In case you missed it
 
Tax increases are on the horizon. Consider these moves before they arrive
 

Adrian Wyld/The Canadian Press

Tax increases are on the horizon. Consider these moves before they arrive
 

Tim Cestnick

 
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Politics Briefing Newsletter
 
Stay informed about Canadian politics with Chris Hannay's Politics Briefing newsletter. For subscribers.
 
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