Global Markets: New study says pipeline delays costing billions

By Commodity News Service Canada

WINNIPEG, Feb. 21, 2018 – Maple Leaf Foods is reporting a quarterly profit of C$59.1 million. The company is now planning to pay investors a quarterly dividend of 13 cents per share. Total sales for the quarter amounted to C$876.8 million.
Uber is imposing new rules on company drivers in Canada working long hours. The ride-hailing company says any driver who works for more than 12 hours straight must take a six-hour break before they can drive again. The rule has already been enforced in other countries in a bid to make the service safer.
A new study from Scotiabank says delays to pipeline construction are costing the Canadian economy C$15.6 billion a year. The report comes just weeks after the governments of Alberta and British Columbia argued publicly about the future of the Trans Mountain Pipeline Project. Alberta wants the project to go forward while B.C. has raised concerns about potential dangers to the environment.

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