National Energy Board Endorses Trans Mountain Pipeline Expansion

CALGARY — The National Energy Board has endorsed an expansion of the Trans Mountain pipeline following a reconsideration of its impact on marine life off the B.C. coast. The energy regulator says an increase in tanker traffic resulting from the pipeline would hurt southern resident killer whales and increase greenhouse gas emissions. But it says the side effects can be justified in light of the “considerable benefits” of the project. Alberta has been fighting hard for the Trans Mountain expansion so that the province could move more crude oil to ports and from there to lucrative overseas markets. Starts the clock for feds’ decision The energy board’s original approval of… Read More

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HBC To Shut Down All Home Outfitters Stores

TORONTO — Hudson’s Bay Co. is shuttering its Home Outfitters business and eyeing the closures of 20 of its Saks Off Fifth locations, in a bid to increase profitability. The Toronto-based company behind a handful of big-box and luxury retailers said its decision to shut down its household goods brand, with 37 stores in Canada, and review its roster of 133 Saks Off Fifth stores is part of a plan to “reduce costs, simplify the business and improve overall profitability.” “Further streamlining our retail portfolio enables even greater focus on our businesses with the strongest growth opportunities,” said Helena Foulkes, HBC’s chief executive officer, in a release. “The divestiture of… Read More

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Nike shares drop after star Duke basketball player Zion Williamson’s shoe falls apart during game

Duke said Thursday that freshman basketball superstar Zion Williamson suffered a mild knee sprain when his Nike PG 2.5 shoe burst apart at the start of the Blue Devils’ prime-time televised game against North Carolina, suggesting he could return soon to the currently No. 1-ranked team, The Washington Post reported. Nike shares dropped by 1 percent on Thursday as the athletic apparel maker scrambled to figure out why the shoe disintegrated, per CNN. Nike’s stock fell after Duke star Zion Williamson’s shoe exploded on the court during a game. @ChristineRomans reports on the fallout: https://t.co/FWzAQXME86 pic.twitter.com/oLSGZqKAW8 — CNN (@CNN) February 22, 2019 Former President Barack Obama was courtside, and was… Read More

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B.C. Pastor, Son, And Companies Fined For Fraud

VANCOUVER — A B.C. Securities Commission panel has imposed fines and market bans on a Surrey pastor, his son, another man and the companies they controlled over a real estate investment scheme. The commission says Pastor Alan Braun, Jerry Braun, Steven Maxwell, also known as Steven Fassman, and three companies took $450,000 from two investors telling them they were buying real estate in Edmonton that would generate a high rate of return. It says the men used the money for other purposes, including their own personal living expenses. Dealings predatory in nature: panel The panel has ordered Alan Braun to pay the same amount taken from the investors, plus $450,000… Read More

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Burberry apologizes for sweatshirt featuring a noose around the neckline

After a model called Burberry out for showing a sweatshirt with a noose around the neckline during London Fashion Week, the luxury brand announced on Tuesday that the item has been removed from its latest collection. The sweatshirt was part of Burberry’s “Tempest” line, for Autumn/Winter 2019. Model Liz Kennedy saw the sweatshirt while getting ready to walk in Sunday’s runway show, and was disturbed. “Suicide is not fashion,” she wrote in an Instagram post. “It is not glamorous nor edgy. Let’s not forget about the horrifying history of lynching either. There are hundreds of ways to tie a rope and they chose to tie it like a noose completely… Read More

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Payless ShoeSource Is Closing All Its Stores In North America

TORONTO — Payless ShoeSource Canada Inc. says it will soon file for creditor protection in Canada and close all 2,500 of its North American stores this spring. The Kansas-based company’s chief restructuring officer Stephen Marotta says in a release that the closures are happening because a prior reorganization left the company “ill-equipped” for today’s retail environment with too much remaining debt and too large a store footprint. Failed to pay February’s rent at 220 Canadian stores Documents filed with the Ontario Superior Court show the company had an oversupply of inventory as recently as this winter and was forced to sell merchandise at steep markdowns. The company, which has also… Read More

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