Six stories in the news today:
SUNCOR SNAGS MAJORITY CONTROL OF SYNCRUDE
Suncor Energy is buying another chunk of Syncrude in a $937 million deal that will give it majority control over the massive oilsands project. The Calgary-based energy giant has reached a deal to buy Murphy Oil Corp.’s five per cent stake in the mine north of Fort McMurray, Alta. The deal will increase Suncor’s interest in Syncrude from just under 49 per cent to nearly 54 per cent. Read more here.
TRUDEAU, WALL DISCUSS EI AND PIPELINES
Prime Minister Trudeau pushed back Wednesday at federal Conservatives critical of his position on pipelines, as he visited Saskatchewan where the premier is pressing for action. Low energy prices are battering the province’s economy and have Premier Brad Wall’s government in the red, but Justin Trudeau opted to repeat his often-used line that the Conservatives had years to build a pipeline while in government and couldn’t get it done.
FATHER CONVICTED IN SON’S DEATH FEARS FOR PARENTS
A father found guilty of not providing his ailing toddler with medical care says he worries that others will be arrested if they don’t “fall in line with parenting as seen fit by the government.” David Stephan wrote a “dear jury” letter on his Facebook page Wednesday, one day after he and his wife were convicted of failing to provide the necessaries of life to their son, Ezekiel, who died of meningitis. Read more here.
JANE DOE No. 59 WAS MONTREAL TEEN
Since 1969, she was known as Jane Doe No. 59 — an unidentified body found with 150 stab wounds in Los Angeles near the site of several killings perpetrated by the Manson family. The murdered woman has now been identified as Reet Silvia Jurvetson, a 19-year-old Montrealer who had gone to Los Angeles that year. Her sister, Anne Jurvetson, says she hopes the news will help provide authorities with leads or fresh information.
RCMP INVESTIGATING HOSTAGE MURDER
The RCMP is now conducting a criminal investigation into the murder of Canadian hostage John Ridsdel in the Philippines. The Mounties are relying on the extraterritorial provisions of the Criminal Code in pursuing the overseas investigation, a senior official says. It means the perpetrators, if found and charged, could one day face justice under Canadian law. Ridsdel, 68, of Calgary, was beheaded earlier this week after a large ransom demand from the Abu Sayyaf militant group went unmet. Read more here.
VALEANT VOWS TO LOOK AT CUTTING DRUG PRICES
Valeant Pharmaceuticals vowed to consider reducing dramatic price increases for some drugs during a grilling Wednesday by U.S. senators. Bill Ackman, a major Valeant shareholder who recently joined the drugmaker’s board, said price cuts on four drugs that prompted a congressional investigation will be discussed at a meeting on Thursday.
ALSO IN THE NEWS TODAY
Companies reporting quarterly results today include Bombardier, BCE, Canfor, Lundin Mining, Agnico-Eagle Mines, and Potash Corp.
Alberta Finance Minister Joe Ceci speaks at the Canadian Association of New York and meets with investors.
Statistics Canada releases the payroll employment, earnings and hours figures for February.
Ontario Environment and Climate Change Minister Glen Murray speaks to the Economic Club of Canada about cap and trade.