January 21st, 2017

Business

Trump’s ‘America first’ tone worries head of Canadian oil and gas industry group

By The Canadian Press on January 20th, 2017

CALGARY – The president of the Canadian Association of Petroleum Producers says the protectionist sentiments expressed in U.S. President Donald Trump’s inauguration speech are a “wakeup call” for Canada. Tim McMillan says Canada is sometimes not “front of mind” when its largest trading partner makes policy changes and it must therefore be alert and quick ... Read More »

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Trump: An unapologetic nationalist, trade populist becomes 45th U.S. president

By Alexander Panetta, The Canadian Press on January 20th, 2017

WASHINGTON – Supporters amid a sea of red baseball caps emblazoned with Donald Trump’s campaign slogan cheered lustily Friday as their most unconventional champion assumed America’s highest political office with a message of unapologetic nationalism. Trump’s inaugural address was an echo of his stump speeches, littered with messages about the ravages of globalization, forgotten workers ... Read More »

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BC Hydro says plan for underground substations leaves scarce land for other uses

By The Canadian Press on January 20th, 2017

VANCOUVER – BC Hydro says it is looking underground as it considers future electricity demand in downtown Vancouver. The utility says in a news release that it will upgrade electrical infrastructure by proposing to build two new substations underground, leaving the space above available for developments such as schools. The substations would be located in ... Read More »

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Thee publishers and Apple reach deal to sell ebooks at a discount

By The Canadian Press on January 20th, 2017

TORONTO – Three major publishers have signed an agreement with Canadian competition authorities that will permit retailers to sell the ebooks they publish at a discount – a practice limited in some of their contracts. Publishers Holtzbrinck (doing business as Macmillan), Simon & Schuster, and Hachette signed the agreement with the Competition Bureau, as has ... Read More »

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3 ebook publishers and Apple reach new deal with Canadian competition authorities

By The Canadian Press on January 20th, 2017

TORONTO – Three major publishers have signed an agreement with Canadian competition authorities that will permit retailers to sell the ebooks they publish at a discount – a practice limited in some of their contracts. Publishers Holtzbrinck (doing business as Macmillan), Simon & Schuster, and Hachette signed the agreement with the Competition Bureau, as has ... Read More »

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North American stock markets higher as Trump sworn in as U.S. president

By The Canadian Press on January 20th, 2017

TORONTO – North American stock indexes maintained their morning momentum, with the TSX enjoying a triple-digit gain following the inauguration of Donald Trump as the 45th president of the United States. The S&P/TSX composite index was up 132.80 points, or close to 0.9 per cent, at 15,542.61, shortly after Trump delivered an inaugural address that ... Read More »

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Trump supporters, detractors in Washington for inauguration like no other

By Alexander Panetta, The Canadian Press on January 20th, 2017

WASHINGTON – Beneath a sea of red baseball caps emblazoned with Donald Trump’s campaign slogan, ardent supporters crowded the National Mall on Friday to watch a most unconventional politician assume America’s highest political office. Just blocks away, however, police deployed pepper spray in a chaotic confrontation as protesters registered their rage against the new commander-in-chief. ... Read More »

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North American markets start the day higher Trump inauguration proceeds

By The Canadian Press on January 20th, 2017

TORONTO – North American stock index were higher, with the TSX enjoying a triple-digit gain as inauguration ceremonies for Donald Trump proceeded in Washington, D.C. The S&P/TSX composite index gained 159.85 points at 15,569.66 after roughly two hours of trading. In New York, the Dow Jones industrial average gained 100.92 points to 19,833.32, while the ... Read More »

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Lower food prices help ease impact of gasoline’s rise in December: Statcan

By Craig Wong, The Canadian Press on January 20th, 2017

OTTAWA – Canada’s annual pace of inflation ticked higher in December, but the increase was smaller than expected as lower food prices helped offset gasoline price increases at the pump. Statistics Canada said Friday the consumer price index in December was up 1.5 per cent from where it was a year ago, a higher rate ... Read More »

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Markets Right Now: Dow starts higher after 5 straight losses

By The Associated Press on January 20th, 2017

NEW YORK – The latest on developments in financial markets (All times local): 9:35 a.m. Stocks are opening solidly higher on Wall Street as the Dow Jones industrial average comes off a five-day losing streak. Consumer goods maker Procter & Gamble rose the most in the Dow early Friday, 2.9 per cent, after releasing a ... Read More »

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