News of the day: New Alberta

It’s Monday, July 6. Here are the top stories we’re following today.

‘I don’t see the demand’: Smith, Ford face doubters as they pitch new pipeline from Alberta to Ontario

Alberta Premier Danielle Smith and Ontario Premier Doug Ford are proposing a new 500,000 barrel a day oil pipeline that would stretch from Western to Central Canada, a concept that parallels the cancelled Energy East project.

Rogers signs deal to become sole owner of MLSE

Rogers Communications Inc. has struck a deal to become sole owner Maple Leaf Sports & Entertainment, paying a premium to Kilmer Sports Inc. for its 25 per cent in a transaction that will allow Rogers to roll its multi-billion-dollar sports and media assets into a single entity.

It’s time to get rid of the foreign buyers ban on housing, but don’t expect it to save the market

In six months, the federal government’s ban on foreign ownership of Canadian housing expires, and hopes are high in real estate circles that Ottawa will let it lapse.

Markets don’t care what you paid: The dangers of getting too attached to a stock

Instead of evaluating an investment based on its current risk and return profile, we begin to defend it, writes Martin Pelletier.

Consumers, businesses expect inflation to rise above 3% over the next year, Bank of Canada surveys find

In its quarterly Business Outlook Survey and Canadian Survey of Consumer Expectations, the Bank of Canada said elevated oil and energy prices have driven an increase in business’ and consumers’ inflation expectations.