April 29th, 2017

Business

EU leaders show firm united front ahead of Brexit talks

By Raf Casert And Lorne Cook, The Associated Press on April 29th, 2017

BRUSSELS – European Union leaders vowed Saturday to stand shoulder-to-shoulder behind their negotiating team during the divorce proceedings with Britain and warned that demands from British Prime Minister Theresa May will be dealt with “firmly.” The 27 EU leaders in Brussels finalized the cornerstones of their negotiating stance within minutes of starting a short summit, ... Read More »

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Macron hunts for French rural votes, Le Pen cheers new ally

By Angela Charlton, The Associated Press on April 29th, 2017

USSEAU, France – French presidential front-runner Emmanuel Macron hunted Saturday for votes in rural France where his far-right opponent, Marine Le Pen, is making inroads among country folk who feel left behind. Back in Paris, Le Pen announced that if she wins the presidency in the May 7 runoff she would name former rival Nicolas ... Read More »

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Leaked Trump draft order blames NAFTA for ‘massive’ wealth transfer from U.S.

By The Canadian Press on April 28th, 2017

WASHINGTON – A published report says President Donald Trump planned to give Canada and Mexico five days notice that the U.S. intended to leave the North American Free Trade Agreement. The Financial Times says it received a leaked draft executive order that Trump had originally planned to sign on Saturday before back-tracking and agreeing to ... Read More »

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B.C. leader could drag Canada into unwanted battle with U.S. on softwood: expert

By The Canadian Press on April 28th, 2017

BURNABY, B.C. – A vow by British Columbia’s Liberal leader to fight American tariffs on softwood lumber may force the federal government to wage an unwanted battle with the United States, an international trade expert says. Christy Clark asked Ottawa to ban thermal U.S. coal shipments passing through B.C. ports after the Americans imposed an ... Read More »

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Trade, procurement and Kevin O’Leary: three ways politics mattered this week

By Heather Scoffield, Ottawa Bureau Chief, The Canadian Press on April 28th, 2017

OTTAWA – Politics groupies suddenly found themselves this week discussing the pros and cons of cupping, of all things, after the prime minister popped up on a podcast with telltale purple circles on his forearms. Cupping, just FYI, is an alternative therapy that involves placing suction cups on the skin to draw blood to the ... Read More »

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Power Corp co-CEO taking medical leave, will return by end of year

By The Canadian Press on April 28th, 2017

MONTREAL – Power Corporation of Canada co-CEO Andre Desmarais is taking a temporary medical leave from his day-to-day activities at the Montreal-based holding company. The company says Desmarais will continue to monitor and be involved in any major issues affecting Power Corporation (TSX: POW). But during his leave, Desmarais will forego all remuneration from Power ... Read More »

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Experts: Long road ahead for Trump offshore drilling order

By Jason Dearen And Jill Colvin, The Associated Press on April 28th, 2017

President Donald Trump’s executive order seeking to find new ocean expanses in the Atlantic and the Arctic for offshore drilling is unlikely to reach its goals anytime soon, but instead will kick off a yearslong review and a legal battle. The day before his 100th in office, Trump took his step Friday toward dismantling a ... Read More »

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‘Our hearts were broken:’ Family mourns son killed in workplace accident

By Bill Graveland, The Canadian Press on April 28th, 2017

CALGARY – The grieving father of a young man who died in a workplace accident in Alberta’s oilsands region interrupted a courtroom apology Friday from one of the owners of a company that pleaded guilty in the death. Jordan Gahan, who was 21 and from Fredericton, was operating heavy equipment at a Suncor pit that ... Read More »

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A look at what minimum-wage workers get paid across Canada

By The Canadian Press on April 28th, 2017

The Manitoba government is set to announce a new minimum wage after a labour-management committee failed to reach a consensus on what should happen to the $11 hourly rate. Here’s a look at what minimum-wage workers are paid across the country: Alberta – $12.20 an hour, rising to $13.60 this year and reaching $15 an ... Read More »

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Cameco posts bigger Q1 loss than expected as uranium market rut drags on

By The Canadian Press on April 28th, 2017

SASKATOON – Cameco Corp. (TSX:CCO) posted a worse-than-expected first-quarter loss Friday as it felt the latest effects of the Fukushima Daiichi nuclear disaster that occurred in 2011. The results pushed the company’s already depressed stock price down $1.19 or 8.33 per cent to $13.09. A major contract cancellation by a Japanese utility, low uranium prices, ... Read More »

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