June 29th, 2017

Business

NAFTA lawsuits target Canada the most, United States hasn’t lost yet

By Mia Rabson, The Canadian Press on June 28th, 2017

OTTAWA – When it comes to the North American Free Trade Agreement, Canada can safely claim the title of biggest loser in terms of lawsuits. Since the agreement came into force in 1994, Canada has been sued 39 times by foreign companies claiming Canadian policies have violated their rights under NAFTA. That is almost half ... Read More »

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Vancouver could become a ‘mixed reality’ hub: Microsoft president Brad Smith

By The Canadian Press on June 28th, 2017

VANCOUVER – Microsoft president Brad Smith says Vancouver could become a hub for “mixed reality” or virtual reality technology that merges with the physical world. Smith says the estimated revenue for mixed reality video games, including both hardware and software, is expected to top $12 billion by 2025. He told the Greater Vancouver Board of ... Read More »

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NAFTA legal challenges by the numbers

By The Canadian Press on June 28th, 2017

OTTAWA – NAFTA Chapter 11 Challenges By the Numbers: 84: Total number of foreign investor dispute claims filed under NAFTA since 1994 39: Total number of investor disputes against Canada under NAFTA 24: Total number of investor disputes against Mexico under NAFTA 21: Total number of investor disputes against the United States under NAFTA 8: ... Read More »

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NAFTA lawsuits target Canada most, US hasn’t lost yet

By Mia Rabson, The Canadian Press on June 28th, 2017

OTTAWA – When it comes to the North American Free Trade Agreement, Canada can safely claim the title of biggest loser in terms of lawsuits. Since the agreement came into force in 1994, Canada has been sued 39 times by foreign companies claiming Canadian policies have violated their rights under NAFTA. That is almost half ... Read More »

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Loonie soars on hawkish BoC comments, as financials help lead TSX gainers

By The Canadian Press on June 28th, 2017

TORONTO – The Canadian dollar surged to a four-month high today amid a hawkish tone on interest rates by Bank of Canada governor Stephen Poloz. The loonie jumped 0.74 of a U.S. cent to an average price of 76.57 cents US. The currency’s ascent helped send financials stocks higher, with that sector leading gainers on ... Read More »

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US demands more security on international flights to US

By Alicia A. Caldwell, The Associated Press on June 28th, 2017

WASHINGTON – The Homeland Security Department is demanding that airlines around the world step up security measures for international flights bound for the United States or face the possibility of a total electronics ban for planes. Compliance with the new rules could lead to the lifting of a ban on laptops and other large electronics ... Read More »

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Boeing wins delay in duty ruling on petition against Bombardier CSeries

By Ross Marowits, The Canadian Press on June 28th, 2017

MONTREAL – Bombardier will have to wait an extra two months to find out if its CSeries commercial jets will be hit by punishing U.S. duties. The U.S. Commerce Department on Wednesday granted Boeing’s request to delay its preliminary determination on the aircraft giant’s petition until Sept. 25 from July 21. A final determination is ... Read More »

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Head of NEB welcomes overhaul recommendations as way to keep up with times

By The Canadian Press on June 28th, 2017

CALGARY – The head of the National Energy Board says the proposed overhaul of the federal regulator will make it more suited to the challenges of the 21st century. Speaking at the sidelines of an industry safety workshop, NEB chairman Peter Watson says recommendations last month by a modernization panel could fix some of the ... Read More »

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B.C. Liberals tout $2.8B surplus, reduced debt on eve of expected defeat

By The Canadian Press on June 28th, 2017

VICTORIA – British Columbia’s finance minister has painted a rosy picture of the province’s finances one day before his government is expected to be defeated in a confidence vote. Mike de Jong released an unaudited fiscal update today that says a higher-than-expected $2.8-billion surplus in the last fiscal year helped reduce the province’s taxpayer-supported debt ... Read More »

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Correction: Google-Europe story

By The Associated Press on June 28th, 2017

BRUSSELS – In a story June 27 about European regulators’ $2.7 billion fine against Google, The Associated Press, relying on incorrect information from a press representative, misspelled the name of an antitrust expert at Georgetown. He is Larry Downes, not Downs. A corrected version of the story is below: EU hits Google with $2.7B fine ... Read More »

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