January 21st, 2018

Business

Champagne to announce ombudsman for corporate social responsibility

By The Canadian Press on January 16th, 2018

OTTAWA – The Liberal government is planning to make good on a campaign promise to create an ombudsman with teeth to oversee the conduct of Canadian companies operating abroad. International Trade Minister Francois-Philippe Champange is to announce the creation of a new position on Wednesday. Government sources say the new position will be a substantive ... Read More »

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Trudeau optimistic NAFTA can be saved, brushes off contradictory U.S. signals

By The Canadian Press on January 16th, 2018

OTTAWA – Justin Trudeau remains optimistic that Canada, the United States and Mexico can strike a deal to modernize NAFTA that benefits all three countries. In an interview with The Canadian Press, the prime minister says he believes there’s a good chance negotiations will result in what he calls a “win-win-win.” Trudeau says his government ... Read More »

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Resource stocks weigh on Toronto market, U.S. markets reverse earlier gains

By David Hodges, The Canadian Press on January 16th, 2018

TORONTO – Canada’s main stock index lost ground as U.S. stocks finished off a roller-coaster day of trading in the red. The S&P/TSX composite index fell 72.93 points to 16,298.88, in a largely broad-based decline led by the influential energy and materials sectors. In New York, the Dow Jones industrial average was down 10.33 to ... Read More »

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Improved economy, tax changes set to give federal government a budgetary boost

By Andy Blatchford, The Canadian Press on January 16th, 2018

OTTAWA – After months of battling controversies, Bill Morneau’s spring budget has the potential to blunt some criticism by showing that a return to balanced books could be within striking distance in just a few years. However, it will likely be up to the finance minister himself whether his next spending blueprint includes a long-awaited ... Read More »

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Yellow Pages Ltd. cuts another 500 jobs as it struggles to survive

By Ross Marowits, The Canadian Press on January 16th, 2018

MONTREAL – An iconic Canadian company with roots in printed telephone directories has shed nearly 18 per cent of its workforce in what may be its final attempt to remain viable in the digital age, says an industry expert. “I think this is it,” said Louis Hebert of the University of Montreal HEC business school. ... Read More »

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Panama Hotel votes to drop Trump – but his company won’t go

By Jeff Horwitz, The Associated Press on January 16th, 2018

WASHINGTON – An attempt to oust President Donald Trump’s hotel business from managing a luxury hotel in Panama has turned bitter, with accusations of financial misconduct. Trump Hotels is contesting its firing, and its staff ran off a team of Marriott executives invited last month to visit the property during a search for a new ... Read More »

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Lifelike robots made in Hong Kong meant to win over humans

By Kelvin Chan, The Associated Press on January 16th, 2018

HONG KONG – David Hanson envisions a future in which AI-powered robots evolve to become “super-intelligent genius machines” that might help solve some of mankind’s most challenging problems. If only it were as simple as that. The Texas-born former sculptor at Walt Disney Imagineering and his Hong Kong-based startup Hanson Robotics are combining artificial intelligence ... Read More »

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Carillion Canada says it’s soldiering on despite U.K. parent’s financial woes

By The Canadian Press on January 16th, 2018

TORONTO – A spokesman for the Canadian subsidiary of insolvent British construction giant and state contractor Carillion says it’s business as usual in Canada despite the parent company’s collapse on Monday. Cody Johnstone says that Carillion Canada is not in liquidation and its 6,000 employees in Canada continue to be paid, along with its subcontractors ... Read More »

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EU chief urges Britain to change its mind over Brexit

By Lorne Cook And Raf Casert, The Associated Press on January 16th, 2018

BRUSSELS – European Union Council President Donald Tusk on Tuesday urged Britain to change its mind about leaving the bloc next year, as time to conclude a Brexit agreement runs short and EU leaders await more details on how the country sees their future ties. Britain is set to leave the EU on March 29, ... Read More »

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Nutrien to sell Israel Chemical stake for expected US$700 million

By The Canadian Press on January 16th, 2018

SASKATOON – Fertilizer giant Nutrien Ltd. (TSX:NTR) says it plans to sell all of its holdings in Israel Chemicals Ltd. in a secondary share offering for an expected US$700 million. The sale comes as one of the requirements set out by global regulators for Potash Corp. and Agrium Inc. to merge to become Nutrien. Nutrien ... Read More »

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