- TransAlta Corp, along with partners Enbridge Inc and Capital Power Corp, cancelled their $1.4 billion carbon capture and storage effort Thursday, opting to pay the penalties for emissions rather than cutting them.
- Global economic turbulence triggered a sharp drop in sales volumes and earnings for fertilizer giant Potash Corp of Saskatchewan as customers broke from traditional buying patterns and deferred purchases.
NATIONAL POST
- As British Columbia's health minister Mike de Jong has seen it time and again - a pharmaceutical manufacturer launches an expensive new drug, brings forward a patient who desperately needs the medicine but cannot afford it, and pressures the province to cover the cost.
- The government did away with an office mandated to oversee the activities of Canada's spies Thursday, a move critics say opens the door to abuses of power by the secretive Canadian Security Intelligence Service.
Reports in the business section:
- One of the newest board members at Research In Motion , Fairfax Financial Holdings Ltd's founder Prem Watsa told investors at the annual meeting of his insurance holding company that any comeback for Canada's top technology company would take time.
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