Posthaste March 26: $350M blow to SNC, B.C.’s LNG tax credit and why our cannabis supremacy is under threat

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Good Morning!

SNC-Lavalin said it is ‘appalled and surprised’ by Chilean miner’s decision to cancel contract — even though it had been warning shareholders about its trouble for months. Divisions are apparent in the NDP-Green alliance in B.C. after Premier John Horgan unveiled plans to spur LNG investments in the province. And Canada’s cannabis supremacy may be short-lived if a new rule that would open the U.S. banking sector to cannabis companies is passed.

Here’s what’s breaking this morning:

  • Nova Scotia government unveils its budget in Halifax
  • Public Safety Minister Ralph Goodale delivers a keynote address to the Regina and District Chamber of Commerce on “Sustaining a Strong Economy in a Tough, Uncertain World”
  • Finance Minister Bill Morneau discusses the 2019 federal budget at an event in Vancouver
  • Notable earnings: Cronos Group Inc., AGT Food and Ingredients Inc.

Join us live on Wednesday for a fireside chat between Portag3 Chairman Paul Desmarais III and @CarmichaelKevin on innovation policy and the fintech industry. Bookmark and stream it live on Mar 23: Can’t get enough on innovation? We have you covered. Check out FP’s Innovation Nation series.

Got a question for Paul Desmarais on innovation? Send your views, ideas and news to or @Yad_FPEnergy

— With files from The Canadian Press, Thomson Reuters and Bloomberg

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