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Stories we’re watching: Notley government’s first day, Suncor asks NEB what’s holding up Enbridge pipeline

Plus: Another earthquake reported near Fox Creek, HBC's $3.9-billion deal to buy German department stores

Jun 15, 2015

by Elizabeth Hames

ALBERTA

Notley government’s first day
Alberta’s new government will hold its first session in the Alberta legislature today. Lieutennant Governor Lt.-Gov. Lois Mitchell will read the speech from the throne, which is expected to provide an outline for the new government’s plans for the next few years.

2nd earthquake reported near Fox Creek
A 4.4 magnitude earthquake was reported near Fox Creek over the weekend. Another 4.4 magnitude earthquake near Fox Creek in January was blamed on hydraulic fracturing.

CANADA

HBC buys German department stores
Husdon’s Bay Company has reached a deal to buy German department store chain  Galeria Kaufhof in a $3.9-billion deal confirmed Monday. HBC will take over 103 stores in Germany.

Suncor exec seeks meeting with NEB over pipeline delay
Suncor says it is seeking a meeting with the National Energy Board to discuss what’s holding up approval of  Enbridge’s Line 9 between Sarnia and Montreal. Kris Smith, executive vice-president for refining and marketing at Suncor, says the delay is costing energy companies millions of dollars.

WORLD

Talks between Greece, creditors collapse
Talks between Greece and its creditors have collapsed, as both sides remain firm in their respective positions. The talks are aimed at preventing Greece from defaulting on its loans and exiting the euro.

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