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Tag Archives: costs

Trans Mountain pipeline costs rise to $6.8 billion, but Kinder Morgan says project worth the price


CALGARY — The Trans Mountain pipeline expansion is getting more expensive, but the company planning to build it says the economic case for the project is still strong. Kinder Morgan, the U.S. company behind the pipeline project, doesn’t yet have a formal estimate of how the price tag has changed …

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Canada’s banks are cutting costs, but the real hurricane hasn’t hit yet


Executives at Canada’s largest banks have been stuck on repeat, telling investors about their efforts to cut and control costs. Starting a week Tuesday, this chorus “will reach a crescendo” when the banks report earnings for the last time this fiscal year, analysts at Scotia Capital said in a note. Canadian banks report next week and here’s …

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Grocery and restaurant costs to gobble up your budget next year, study says


GUELPH, Ont. — A new report says the average household in Canada will spend $8,631 on groceries and restaurant meals next year, up by $345 because of food inflation. The University of Guelph’s latest forecast estimates that food inflation could be between two and four per cent in 2016 — …

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Costs to produce crude in oilsands finally drop after 15 years of sharp inflation


CALGARY – After a 15-year period of sharp and continuous inflation, the cost to produce crude from northern Alberta’s oilsands dropped this year, according to a new report from IHS Energy. “Costs will continue to come down, but that’s true of all sources of (oil) supply in the world and …

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Energy East pipeline costs jump 30%, as TransCanada makes 700 tweaks to plan


CALGARY – Building the Energy East pipeline will cost almost $4 billion more than expected, the result of hundreds of tweaks to the project’s design and an expanded terminal in Saint John, N.B. TransCanada Corp. announced Thursday that it had filed an amendment to the National Energy Board for the …

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Tough times, rising costs have chewed up 25% of Canada’s small investment firms: IIAC


TORONTO — Restructuring and consolidation in a tough economy and escalating regulatory costs have led to the disappearance or reconstitution of a full 25 per cent of investment firms in Canada during the past three years, according to the Investment Industry Association of Canada. More than 50 boutique firms are gone, …

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When ‘social licence’ costs become unbearable


Social licences have become the cornerstone of Justin Trudeau’s thought-provoking policy about energy-project developments. They have also become a main reason why western provinces and the business community have started to doubt the prime minister’s leadership and his willingness to stand for a healthy energy sector. To begin with, nobody …

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