VANCOUVER, Sept 11 (Reuters) – Chinese investors’ global
hunt for prime real estate is helping drive Vancouver home
prices to record highs and the city, long among top destinations
for wealthy mainland buyers, is feeling the bonanza’s unwelcome
The latest wave of Chinese money, linked in part to
Beijing’s anti-graft crackdown, is flowing into luxury hot
spots. But it has also started driving up housing costs
elsewhere in a city which already ranks as North America’s least
affordable urban market.
VANCOUVER, Aug 18 (Reuters) – The Canadian province of
British Columbia said on Monday it has ordered an independent
review of all tailings ponds at every permitted mine in the
province in the wake of a major spill at Imperial Metals Corp’s
Mount Polley mine.
Minister of Energy and Mines Bill Bennett also said an
independent panel would investigate the tailings dam breach,
which sent billions of gallons of mine waste, or tailings, into
waterways in central British Columbia.
VANCOUVER, Aug 8 (Reuters) – A massive waste spill at a gold
and copper mine in British Columbia could delay, or even derail,
other energy and mining projects planned in the famously “green”
West Coast Canadian province.
The breach of a dam holding back a huge pond of tailings, or
waste materials, at Imperial Metals Corp’s Mount Polley
mine in the province’s Interior region sent billions of gallons
of gray sludge containing metals and minerals coursing into
waterways early this week. On Tuesday, the miner’s stock plunged
40 percent in reaction.
VANCOUVER (Reuters) – Wealthy foreigners hoping to fast-track immigration to Canada are preparing to sue Ottawa over the government’s cancellation of its immigrant investor program, which has been assailed for allowing rich Chinese to buy their way into Canada.
Timothy Leahy, a lawyer who represents a group of mostly Chinese would-be immigrants in an ongoing case over long wait times for the now-defunct program, said he expects to file a second lawsuit within two months. This time, he and fellow immigration lawyer Rocco Galati are eyeing class action.
CALGARY/VANCOUVER, July 23 (Reuters) – Talisman Energy Inc
shares rose more than 12 percent on Wednesday as it
confirmed it has been approached by Spain’s Repsol SA
about potential deals, raising the prospect that one of Canada’s
largest independent oil companies will sell off major assets or
be taken over.
Talisman, which has a market capitalization of nearly C$11
billion ($10.2 billion), did not provide details saying only it
had been contacted by the Spanish firm “with regards to various
July 18 (Reuters) – U.S. environmental regulators laid out
proposed protections for Alaska’s Bristol Bay watershed on
Friday that would effectively block the development of the
Pebble deposit, which could be one of the world’s largest copper
In a 214-page document posted to its website, the
Environmental Protection Agency (EPA) proposed to restrict the
use of certain waters in the region for disposal of dredged or
fill material associated with mining the Pebble deposit.
VANCOUVER, July 8 (Reuters) – A closely held Canadian
company has waded into British Columbia’s crowded liquefied
natural gas (LNG) export fray with a plan to build a $30 billion
terminal on Vancouver Island.
Steelhead LNG said on Tuesday it had applied to Canadian
regulators for permission to export up to 30 million tonnes of
LNG a year for 25 years, joining a list of fourteen companies
vying to build projects in the Pacific Coast province.
OTTAWA/VANCOUVER (Reuters) – Its decision to approve development of the controversial Northern Gateway oil pipeline could cost Canada’s governing Conservatives critical support in British Columbia, where they will need a strong showing in the 2015 election to secure another majority in Parliament.
Prime Minister Stephen Harper’s Conservatives have lots to lose in the Pacific Coast province, where they have 21 of its 36 seats in the House of Commons. As well as the seats they hold, they are banking on picking up some of six new seats, in Vancouver’s suburbs and elsewhere, that British Columbia will get for next year’s election.
VANCOUVER/OTTAWA, June 17 (Reuters) – The Canadian
government approved the construction of Enbridge Inc’s
Northern Gateway pipeline on Tuesday, setting the stage for a
barrage of lawsuits and demonstrations by environmental and
aboriginal groups opposed to the project.
Natural Resources Minister Greg Rickford announced the
decision in a statement that was widely expected. He said
approval of the proposed pipeline, which would link Alberta’s
oil sands with a Pacific port, was contingent on Enbridge
meeting more than 200 conditions set out by a regulatory panel.
VANCOUVER (Reuters) – Opponents of Enbridge Inc’s proposed Northern Gateway crude oil pipeline are vowing to ramp up their legal challenge to the politically charged project if Canada lives up to expectations and approves its construction.
With a Tuesday deadline looming, Prime Minister Stephen Harper’s Conservative government appears ready to bless the C$7.9 billion ($7.3 billion) project despite fierce resistance from aboriginals and environmental groups.