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Category Archives: Economic

Yellen to step down from Federal Reserve board

Janet Yellen is submitting her resignation from the Federal Reserve board to President Donald Trump, announcing that she will leave the board when her successor Jerome Powell is sworn in as Fed chairman. Yellen says that she will “do my utmost” to make sure that there is a smooth transition to Powell, who was tapped by…

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Nebraska to finally decide on Keystone XL Monday, the last major hurdle

Nebraska regulators will announce their decision on Monday on whether to approve TransCanada Corp’s Keystone XL pipeline route through the state, the last big hurdle for the long-delayed project. Just days ago, TransCanada’s existing Keystone system spilled 5,000 barrels in South Dakota and pipeline opponents said the spill highlighted the risks posed by the proposed…

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Driverless trucks are coming to Canada and the impact will be profound: Don Pittis

At last week’s rollout of Tesla’s electric truck, it was the battery that got most of the attention. That and the new Tesla Roadster that CEO Elon Musk says will be the fastest commercially produced car on earth. “It will be faster than that jet over there,” Musk quipped, gesturing at a passing aircraft. But according to some experts, while…

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'Never a dull moment': Lawsuit, NAFTA claim, Fairfax partnership spur optimism, tension in Churchill

The future of the rail line to Churchill remains uncertain after a week that involved a lawsuit, an international trade challenge and the entry of a new, powerful player into the picture. The week’s developments have raised cautious optimism in northern Manitoba, but also questions about the future of Arctic shipping and of communities along the northern…

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