February 18th, 2018

Business

Freeland proposal to join Arms Trade Treaty criticized as inadequate

By Mike Blanchfield, The Canadian Press on February 8th, 2018

OTTAWA – Changes to Canada’s arms export policy to prevent weapons from falling into the hands of human rights abusers won’t mean an end to a controversial contract with Saudi Arabia, Foreign Affairs Minister Chrystia Freeland said Thursday. Opposition MPs and rights advocates panned Freeland’s update on Canada’s proposed legislation to join the United Nations ... Read More »

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B.C. already seeking new markets for wine in Asia and the U.S.: premier Horgan

By Gemma Karstens-Smith, The Canadian Press on February 8th, 2018

VANCOUVER – Premier John Horgan says he plans to intensify efforts to find new markets for B.C. wine, which was already being done before Alberta’s ban over the Trans Mountain pipeline. Horgan said he promoted the industry during a recent trip to China, South Korea and Japan, and he plans to discuss increasing the province’s ... Read More »

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Securities regulators affirm disclosure policy for pot companies with U.S. ties

By The Canadian Press on February 8th, 2018

TORONTO – Canada’s umbrella group for securities administrators says after a review of a U.S. clampdown on marijuana policies it will continue to allow cannabis companies with U.S. ties to trade on the country’s exchanges as long as they disclose specific risks. The Canadian Securities Administrators says in a statement that “a disclosure-based approach remains ... Read More »

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Dow plunges 1,000 points as a weeklong market rout continues

By The Associated Press on February 8th, 2018

Stocks plunged again Thursday, and for the second time in four days, the Dow Jones industrial average slumped more than 1,000 points. The Dow and the Standard & Poor’s 500 index are now 10 per cent below the record highs they reached just two weeks ago. That puts them in what’s known on Wall Street ... Read More »

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North American stocks plunge, Dow and S&P 500 enter correction territory

By The Canadian Press on February 8th, 2018

TORONTO – North American stock indexes plunged steadily throughout the day, with losses on the Dow Jones industrial average and the Standard & Poor 500 entering correction territory. In New York, the Dow was down 1,032.89 points, or 4.15 per cent, to 23,860.46, and the S&P 500 index was down 100.66 points, or 3.75 per ... Read More »

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Trudeau looks to entice tech talent, capital north in San Francisco visit

By Jordan Press, The Canadian Press on February 8th, 2018

SAN FRANCISCO – Prime Minister Justin Trudeau arrived Thursday in sunny California, armed with a Canadian sales pitch aimed at attracting Silicon Valley talent and investment capital. Trudeau is shopping an expanding tech sector in places like Toronto and Kitchener-Waterloo, where companies need executive-level expertise to stay competitive. Canada has also invested millions to attract ... Read More »

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Liberals sidestep NDP call to close stock option tax loophole

By Lee Berthiaume, The Canadian Press on February 8th, 2018

OTTAWA – Federal New Democrats are trying to pin down whether the Trudeau government plans to fulfil or abandon its pledge to close a controversial tax loophole, which critics say primarily benefits CEOs and other senior executives. The Liberals made the promise to clamp down on what are known as stock-option deductions during the last ... Read More »

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Premier says minimum wage hike to $15.20 by 2021 will keep B.C. competitive

By Linda Givetash, The Canadian Press on February 8th, 2018

VANCOUVER – British Columbia will gradually hike its minimum hourly wage to get to $15.20 by June 2021. It’s a decision criticized by both labour and business groups. “We believe that 2021 is not overly aggressive, in fact it’s going to be a disappointment to some,” Premier John Horgan told a news conference Thursday at ... Read More »

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Salesforce will invest $2.5B over 5 years to grow its Canadian business

By The Canadian Press on February 8th, 2018

SAN FRANCISCO – Salesforce will invest $2.5 billion in its Canadian business over the next five years, the enterprise software company announced Thursday, the same day Justin Trudeau visited its Silicon Valley headquarters. The San Francisco, Calif.-based cloud computing and customer relations management company said it will increase its head count, real estate footprint and ... Read More »

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Three Canadian solar panel manufacturers sue U.S. over 30 per cent tariffs

By The Canadian Press on February 8th, 2018

TORONTO – Three Canadian solar panel manufacturers have filed a lawsuit against the U.S. government over the 30 per cent tariff it set on solar cell imports last month. Ontario-based Silfab Solar Inc., Heliene Inc., and Canadian Solar Solutions Inc., along with U.S.-based distributor Canadian Solar (USA) Inc., filed the challenge at the U.S. Court ... Read More »

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