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The Canadian Press
The Canadian Press
Business

Business News Advisory from The Canadian Press

Here are the CP Business Department's plans for today and the top business stories so far. All times Eastern unless otherwise stated. All ETAs and wordcounts approximate. Entries are subject to change as news develops.

If you have any questions, please contact Kate Hopwood at 416-507-2151 or kate.hopwood@thecanadianpress.com. You can always reach the desk at business@thecanadianpress.com.

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COVERING:

We'll update Trans Mountain and Alberta natural gas prices stories

We will have one more update on the story about Postmedia's deal for Irving's New Brunswick newspapers

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TOP STORIES:

Trans Mountain price tag soars 70 per cent

Trans-Mountain-Costs

Calgary -- The federal government said Friday it will not put more money toward the Trans Mountain pipeline expansion in spite of a newly disclosed price tag for the project that comes in 70 per cent higher than expected. By Amanda Stephenson. Words: 484, Photos: 1 

Postmedia to buy Irving newspapers in $16.1M deal

Postmedia-Brunswick-News

Toronto -- The door could open up for greater media competition in New Brunswick as Toronto-based Postmedia gears up to purchase all of the daily and weekly newspapers owned by the Irving family for more than $16 million in cash and shares. By Adena Ali. Words: 544, Photos: 1 

Alta. utility bills soar as natural gas surges

Alta-Utility-Bills

Calgary -- Surging commodity prices and other factors like the phaseout of cheap coal are pushing utility bills in Alberta to shocking heights. Words: 144, Photos: 1 

Air Canada demands lighter travel restrictions

Air-Canada-Rslts

Montreal -- Air Canada topped expectations as it bled less cash in its latest quarter, a sign the airline's underlying recovery remains on course despite the blow to holiday travel caused by the Omicron variant. By Christopher Reynolds. Words: 704, Photos: 1 

National rental price up 3% from last year: CMHC

Cda-Rentals

Canadian tenants faced another year of affordability challenges as rents crept up nationally and were particularly high in Vancouver and Toronto. By Tara Deschamps. Words: 649, Photos: 1 

StatCan says retail sales fell 1.8 per cent in Dec

StatCan-Retail-Sales

Ottawa -- Canadian retail sales fell 1.8 per cent to $57 billion in December as the spread of the Omicron variant and severe flooding in British Columbia and the Atlantic provinces disrupted transportation, retail operations and sales, Statistics Canada said Friday. Words: 376, Photos: 1 

S&P/TSX composite down, U.S. stocks also lower

Dollar-Markets

Toronto -- Canada's main stock index sank in late-morning trading, tugged down by losses in the energy sector, while U.S. stock markets also fell. Words: 150, Photos: 1

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CP BUSINESS

The Canadian Press

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