Trans Mountain melee continues: Oral submissions continue next week as the National Energy Board considers a motion from Trans Mountain Pipeline ULC, which argues that the City of Burnaby is withholding construction permits for its pipeline. The B.C. city has become ground zero for opposition to Kinder Morgan’s Trans Mountain pipeline expansion.
Big Banks earnings wrap: BMO releases fourth-quarter and year-end results on Tuesday, the last of the Big Five banks to do so. Earnings for CIBC, RBC were positive last week, while Scotiabank and TD Bank missed expectations.
CMHC and the ‘new normal’: CMHC will release preliminary housing start data for November on Friday. Canada’s national housing agency said last week that the 47 per cent decline in the country’s insured mortgage market year-over-year in the third quarter is the “new normal level.”
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Softwood, redux: The U.S. International Trade Commission is set to announce its final softwood lumber determination on Thursday. Ottawa announced last week that it is taking its softwood lumber case to the World Trade Organization, setting in motion a potentially years-long fight against the United States before the international commercial body.
Check your phone bill: Canadian wireless customers would do well to review their phone bills after new rules from the CRTC came into effect late last week, banning Canada’s telcos from charging mobile device unlocking fees and clarifying rules for multi-user accounts. Both Rogers and Telus told the CRTC they wouldn’t be able to implement the changes by the deadline.
