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News of the day: Economy flatlines, overreliant on bank dividends, high fuel costs, AltaGas’s record quarter, top employee becomes competition and more

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News of the day: Economy flatlines, overreliant on bank dividends, high fuel costs, AltaGas's record quarter, top employee becomes competition and more

Catch up on the stories we’re following today

By Financial Post Staff
Published Oct 30, 2026
1 minute read
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A truck crosses into the United States from Canada on the Gordie Howe International Bridge, connecting Windsor, Ontario, and Detroit, Michigan, on September 6, 2026
Wholesale trade dragged on growth in August, declining by 1.4 per cent. Photo by JEFF KOWALSKY/AFP via Getty Images

It’s Friday, Oct. 30. Here are the top stories we’re following today.

Canada’s economy flatlines for second month in a row

Canada’s real gross domestic product growth came in flat for the second month in a row in August, another sign that economic growth slowed in the third quarter after a second-quarter rebound.

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Many investors may find that financial stocks represent a much larger portion of their RRIF than they originally intended.
Many investors may find that financial stocks represent a much larger portion of their registered retirement income fund than they originally intended. Photo by Getty Images

Is a retired Albertan too reliant on bank dividends in his RRIF?

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Many Canadians built successful retirement portfolios around the major banks because they have historically provided dependable dividends, strong balance sheets and attractive long-term returns. After years of strong performance, however, many investors now find that financial stocks represent a much larger portion of their RRIF than they originally intended.

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Air Canada and Westjet aircraft parked at Calgary International Airport, in Calgary, Alberta, Canada, on March 4, 2025.
WestJet Group said higher jet fuel prices add cost without additional ticket sales, while other costs such as aircraft, crew, airport and navigation remain. Photo by Artur Widak/NurPhoto via Getty Images

WestJet sounds alarm on high fuel costs as Air Canada lowers outlook

Rising fuel costs are affecting two of Canada’s largest airlines as price volatility remains due to the United States war against Iran.

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AltaGas Ltd. employees.
AltaGas Ltd. employees. Photo by AltaGas Ltd.

AltaGas posts record quarter on Asian exports, but West Coast strike clouds outlook

Second Lists

Calgary-based pipeliner AltaGas Ltd. reported record third-quarter earnings Thursday on the strength of its liquefied petroleum gas exports to Asia. But a strike at a neighbouring terminal in Prince Rupert, B.C., and a labour board ruling this week are now expected to slow shipments through the company’s most important export gateway.

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Change for better opportunities, hiring or personnel management staff changes, business people running from door to door
When a key employee resigns, the company should know what information must be returned, what access must be terminated and what obligations continue. Photo by Sesame/Getty Images

When your top employee joins the competition — taking your strategic business plan with them

This is an employment-law problem businesses often recognize too late. Their most valuable employees become their most costly departures and the contracts intended to protect the business prove inadequate precisely when they matter most, writes Howard Levitt.

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Source: Financial Post Staff · financialpost.com