Daily News - CA-CANADA Summary (Reuters) Daily Business News
U.S. oks restart of Keystone pipeline
WASHINGTON/CALGARY (Reuters) – TransCanada Corp can restart its Keystone oil pipeline on Sunday, after the company satisfied a series of safety conditions following leaks that idled the key export line twice in less than a month, the U.S. pipeline safety regulator said on Saturday. The U.S. Pipeline and Hazardous Materials Safety Administration said it approved resumption of crude flows from Canada on the pipeline after the agency evaluated the company's restart plan and was satisfied safety requirements were met.
Burrows pounces in OT as Canucks go 2-0 up
VANCOUVER (Reuters) - Alexandre Burrows struck 11 seconds into overtime to lift the Vancouver Canucks to a 3-2 win over the Boston Bruins on Saturday, moving them into a 2-0 series lead and halfway to their first Stanley Cup. The best-of-seven NHL final series now shifts to Boston for games three and four on Monday and Wednesday with the Bruins needing a win at home to avoid a sweep.
Government unveils plan for jobs, balanced budget
OTTAWA (Reuters) - The Conservative government will focus on jobs and growth while eliminating the federal budget deficit, it said on Friday as it unveiled a plan for the four-year mandate it won in last month's election. Freshly armed with a majority of seats in the House of Commons, the government said it would be able to balance the budget by 2014 without raising taxes.
Postal workers begin rotating strike
WINNIPEG, Manitoba (Reuters) - Picket lines went up early on Friday at Canada Post mail processing plant in Winnipeg as part of a limited rotating strike around the country. The Canadian Union of Postal Workers last struck in 1997 and seem to want to avoid a complete shutdown of the mail system lest they be legislated back to work as happened last time. The union will continue to deliver social assistance and government pension checks.
Winnipeg clears ticket hurdle in acquiring Thrashers
WINNIPEG (Reuters) - Winnipeg easily cleared an important hurdle in its effort to secure the relocation of the Atlanta Thrashers with the sale of 13,000 season tickets, the NHL said on Saturday. One of the conditions of the sale of the cash-strapped Thrashers to True North Sports and Entertainment was that the city demonstrate a commitment to the new team.
Fiat offers $125 million for Canada's Chrysler stake: CEO
VENICE (Reuters) - Fiat has offered $125 million to buy the Canadian government's stake in Chrysler Group LLC as it moves swiftly to strengthen its control of the U.S. automaker, Fiat Spa CEO Sergio Marchionne said on Saturday. News of the offer comes just two days after the U.S. Treasury agreed to sell Fiat its remaining 6 percent equity stake in Chrysler for $500 million, raising Fiat's holding in Chrysler to 52 percent.
Happy Winnipeggers snap up free hockey sticks
WINNIPEG, Manitoba (Reuters) - Winnipeg celebrated the return of an NHL team with a hockey stick giveaway on Friday, even if cautious Prairie residents initially refused to believe their luck. The initial reaction to 1,500 freebies was muted, as downtown workers mostly ignored a cluster of sticks leaned against the arena where the still unnamed team will play.
Drier spell not enough to plant in wet Western Canada
WINNIPEG, Manitoba (Reuters) - Drier weather is in store for the boggiest areas of the Canadian Prairies, but it won't likely last long enough to let frustrated farmers sow crops, an agricultural meteorologist said on Friday. Planting of all crops was about one-third planted as of Monday in southeast Saskatchewan at a time when farmers are usually finishing up.
Ontario Conservatives prepare to seek power
TORONTO (Reuters) - The Conservative opposition in Canada's most populous province is gearing up for the October election, promising to cut taxes, pay more on health and education, and still wipe out a budget gap. The Ontario Progressive Conservative Party, in opposition since 2004, wants to scrap a C$7 billion ($7.1 billion) green energy plan and eliminate subsidies for small-scale production of wind and solar power.
Canada's Port Hope reaps uranium's rewards and risks
PORT HOPE, Ontario (Reuters) - The lakeside town of Port Hope, Ontario, encompasses both the promise and the dark side of the nuclear industry, booming with the sector, yet saddled with contamination from when it helped build the bomb. The town, some 110 kilometers (70 miles) from Ontario's capital Toronto, is home to the world's longest running facility to process nuclear fuel, a massive white eyesore that towers over the sailboats bobbing in its tranquil harbor.
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