Business News as of 9 a.m. ET – CP

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Business News as of 9 a.m. ET – CP

by ahnationtalk on September 8, 2015688 Views

Source: The Canadian Press
Sep 8, 2015



Here are the CP Business Department’s plans for today as of 9 a.m. All times Eastern unless otherwise stated. Entries are subject to change as news develops. If you have any questions, please don’t hesitate to email Business Editor Lee-Anne Goodman at lee-anne.goodman?, or the department at business? We can also be reached at 416-507-2138.


Craig Wong in Ottawa will have a setup piece on the Bank of Canada rate announcement scheduled for tomorrow

Alexandra Posadzki will have more on Intact Financial working with Uber on auto insurance

Ian Bickis in Calgary will have item on First Nations victory against Nexen


Intact, Uber working on insurance products


TORONTO _ One of Canada’s largest auto insurance providers is working to tailor products for the Uber ridesharing service.Intact Financial Corp. (TSX:IFC) says its intention is to market the products under the Intact and Belairdirect brands. The company is Canada’s largest provider of property and casualty insurance, collecting $7.5 billion in premiums annually through its various subsidiaries. 200 words. Will be updated.


Quebec’s uranium industry in political limbo


MONTREAL _ Fears about radioactive contamination may close the door to uranium mining in Quebec just as public angst shelved shale gas extraction in the province in 2011.“Like shale gas, it touches a sensitive chord in Quebec,” says Ugo Lapointe of MiningWatch Canada, which opposes mining of the metal that fuels nuclear power plants. Moves Business and National. 700 words. By Ross Marowits. Moved at 4 a.m.


Study: Loyalty programs should do more


TORONTO _ A new report suggests 89 per cent of Canadians have signed up for loyalty programs, but few appear happy with the returns.Montreal-based Aimia Inc. (TSX:AIM), which operates Aeroplan and other customer-loyalty programs, released its second annual study Tuesday looking at how consumers view the way in which companies use their personal data. Moves Business and National. 270 words. Moved at 4 a.m.


Canadian investors ride out volatility: poll


TORONTO _ So who is panicking amid the current volatility on global equity markets? Apparently not most Canadian retail investors, according to a new survey issued by the Canadian Imperial Bank of Commerce. CIBC (TSX:CM) says the survey, conducted Aug. 31 and Sept. 1 after some two weeks of extreme volatility on the markets, found that 85 per cent of Canadian investors polled didn’t panic during the dramatic ups and downs. 300 words. Moved at 4 a.m.


Market futures point to positive open


TORONTO _ North American stock markets appear headed for a positive start to the holiday-shortened trading week. The Dow Jones industrial futures were up 243.0 points at 16,362.0 before markets in New York and Toronto opened Tuesday while the S&P 500 futures advanced 29.3 points to 1,951.0 and Nasdaq futures gained 64 points to 4,258.0. Will be updated.


MONTREAL _ News conference on federal transfers on health care. 9:30 a.m. (Place Charles-de-Gaulle – in front of Notre-Dame Hospital, 1560 Sherbrooke St. E. or in the event of rain, 1318 de Maisonneuve Blvd. E.)

QUEBEC CITY, Que. _ Premier Philippe Couillard attends the official inauguration of the Videotron Centre in Quebec City. (5 p.m. at 250 Wilfrid Hamel Blvd.)

OTTAWA _ International Datacasting Corp. releases second-quarter results. A conference call will be held on Sept. 9.

TORONTO _ Brad Duguid, minister of Economic Development, Employment and Infrastructure, makes an announcement about Ontario’s support for the life sciences sector. (10 a.m. at MaRS Discovery District, 101 College St.)

CALGARY _ Suncor Energy President and CEO Steve Williams presents at the Barclays CEO Energy-Power Conference. Go to for the webcast. (11:45 a.m.)

VANCOUVER _ First Nations leaders will share an open letter sent to Premier Christy Clark outling major flaws in the current consultation system. Leaders will also discuss how to fix the consultation process. (11 a.m. at Belvedair Room, Suttom Place Hotel, 845 Burrard Street)



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