Category: Business

Has Trump caused a rural rebound?

President Trump has staked much of his political appeal on his promise of an economic turnaround for rural America. And he just might be delivering. Over the last few decades, small towns and rural areas across America have suffered a slow economic death. Their population growth has been declining for years, and went negative after 2010 — driven by the…

The withering of the American coal industry

President Trump has promised to revive coal’s flagging fortunes. Is it possible? Here’s everything you need to know: How big is the coal industry?Coal represents just a sliver of the American economy. At its peak, in 1923, coal employed 883,000 workers. Today, about 53,000 people work in coal mining — less than the number of people who work at nail…

Meredith Corp. to sell Time for $190 million

Meredith Corp. is selling Time magazine for $190 million to husband and wife philanthropists Marc Benioff and Lynne Benioff. Marc Benioff is the co-founder, chairman, and co-chief executive of Salesforce. The deal is expected to close within 30 days, The Wall Street Journal reports. “We’re investing in a company with tremendous impact on the world, one that is also an…

Residents highlight site details in Grandview-Woodland rezoning application

Some residents near a Grandview-Woodland development site argue a proposal for a six-storey rental building ignores unique aspects of the street and will be out of place sitting in the middle of older, single-family homes, even if it ticks the boxes for adding density under the neighbourhood’s overall community plan. The architect who submitted the proposal counters that tweaks have…

TransCanada signs all elected First Nations along $4.7-billion gas pipeline route through B.C.

TransCanada has completed benefit agreements with all 20 elected First Nation bands along its Coastal GasLink pipeline route from Dawson Creek to Kitimat. The pipeline would feed the Shell-led LNG Canada gas plant should it go ahead, with TransCanada saying it’s ready to build. There has been heightened anticipation recently that LNG Canada is gearing up to make a final…