VICTORIA, British Columbia, Feb 17 (Reuters) – British
Columbia’s annual budget released on Tuesday projected a budget
surplus of C$284 million ($229.35 million) in fiscal 2015-16,
the Pacific coast province’s third consecutive balanced budget
under the ruling Liberals.
The surplus is projected at C$376 million in 2016-17 and
C$399 million in 2017-18, the government said. The revised
surplus for 2014-15 is now seen at C$879 million, nearly double
the previous projection of C$444 million.
VANCOUVER, Feb 13 (Reuters) – TransCanada Corp
, Canada’s second-largest pipeline company, reported on
Friday a better-than-expected fourth quarter profit, driven
mainly by increased earnings from its Canadian operations.
The Calgary-based company, which operates oil and gas
pipelines across North America, also said it has not yet seen
any impact from the plunge in crude prices on its new and
proposed oil pipeline projects.
VANCOUVER (Reuters) – When Liu Chuang landed in Vancouver in 2013, he noticed that most of the Chinese immigrants he met were heavily invested in residential real estate and hungry to diversify.
Flipping houses didn’t appeal to the 39-year-old entrepreneur, who is launching a Vancouver-based tech incubator to help his Chinese-born friends invest in local start-ups.
VANCOUVER, Feb 10 (Reuters) – When Liu Chuang landed in
Vancouver in 2013, he noticed that most of the Chinese
immigrants he met were heavily invested in residential real
estate and hungry to diversify.
Flipping houses didn’t appeal to the 39-year-old
entrepreneur, who is launching a Vancouver-based tech incubator
to help his Chinese-born friends invest in local start-ups.
VANCOUVER/TORONTO, Jan 30 (Reuters) – A massive spill from a
dam containing mine waste in British Columbia last year was
caused by a flawed design for the embankment, which did not
account for the presence of a glacial lake deposit at the
foundation, an independent panel said on Friday.
The probe found that the breach at Imperial Metal’s
Mount Polley mine, which sent billions of gallons of wastewater
and sludge into waterways, happened because the dam’s weight was
too much for the foundation to bear.
VANCOUVER, Jan 29 (Reuters) – Small-scale liquefied natural
gas projects are emerging as bright spots in British Columbia’s
bid to become a major exporter of natural gas, with two floating
projects on the Canadian province’s Pacific Coast moving ahead
even as larger projects face delays.
The Douglas Channel LNG project, an early frontrunner that
was stalled when one of its owners fell into bankruptcy, looks
to be back on course after a consortium led by Calgary’s Altagas
Ltd officially took control on Wednesday.
VANCOUVER (Reuters) – A resident of the Canadian province of British Columbia has tested positive for the H7N9 avian flu virus in the first documented case of the infection in a human in North America, the federal government said on Monday.
The person had returned to Canada from China and is recovering from the illness in self-isolation, the Public Health Agency of Canada said in a statement.
VANCOUVER, Jan 20 (Reuters) – Alaska can use an existing
British Columbia ferry terminal for several more years if Canada
enforces an order blocking so-called “Buy America” purchasing
rules from being applied to its reconstruction, a state official
said on Tuesday.
A $15 million plan to overhaul the Prince Rupert ferry
terminal, which is located in Canada, has escalated into a trade
dispute with the United States.
Jan 9 (Reuters) – Victims of the Lac-Megantic oil-by-rail
disaster that killed 47 people in the Canadian province of
Quebec in 2013 agreed to a nearly $200 million settlement with
some of the firms involved, including the insolvent rail
operator at the center of the tragedy, a lawyer for the victims
said on Friday.
Montreal Maine and Atlantic (MMA), along with its insurers,
founder Edward Burkhardt, and various other companies, will pay
into the settlement fund, which will be distributed to the
victims of the train derailment and explosion, lawyer Peter
Flowers of Meyers & Flowers in Chicago told Reuters.
DELTA, British Columbia (Reuters) – The deadly attacks in Paris serve as a vivid reminder that jihadists are at war with those they disagree with, and the world must confront them, Canadian Prime Minister Stephen Harper said on Thursday.
“The international jihadist movement has declared war. They have declared war on anybody who does not think and act exactly as they wish they’d think and act,” Harper told reporters when asked about Wednesday’s attack.