April 28th, 2017

Business

N.S. Liberals bring in broad middle class tax cut in pre-election budget

By Keith Doucette and Michael Tutton, The Canadian Press on April 27th, 2017

HALIFAX – Nova Scotia’s Liberal government is bringing in a broad middle-class tax cut as it tables a budget with a $25.9-million surplus, seeding the ground for what many believe is an imminent election call. The surplus in the $10.5-billion budget introduced Thursday means back-to-back black ink for the government despite finishing fiscal 2016-17 with ... Read More »

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Judge orders Volkswagen to pay $2.1B in class-action suit over emissions scandal

By The Canadian Press on April 27th, 2017

TORONTO – Members of a Canadian class-action lawsuit against Volkswagen can submit claims for reimbursement starting on Friday after an Ontario judge ordered the car manufacturer to pay $2.1 billion to affected customers. Superior Court Justice Edward Belobaba wrote in his judgment Wednesday that the 105,000 people who purchased or leased certain Volkswagen or Audi ... Read More »

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N.S. Liberals bring in middle class tax cut, surplus in pre-election budget

By The Canadian Press on April 27th, 2017

HALIFAX – Nova Scotia’s Liberal government is bringing in a broad middle class tax cut as it tables a 2017-18 budget with a $25.9 million surplus, seeding the ground for what many believe is an imminent election call. The surplus in the $10.5-billion budget means back-to-back surpluses for the government despite finishing fiscal 2016-17 with ... Read More »

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Nova Scotia Liberals bring in tax cuts in 2017-18 budget with election expected

By The Canadian Press on April 27th, 2017

HALIFAX – Nova Scotia’s Liberal government is bringing in middle-class tax cuts and a wide array of small spending increases in a 2017-18 budget that features a $25.9-million surplus and seeds the ground for an expected provincial election. More to come&#... Read More »

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Home Capital stock rises as it secures credit line, says exploring options

By The Canadian Press on April 27th, 2017

TORONTO – Home Capital Group Inc. shares regained some ground on Thursday after it secured a $2-billion credit line and said it’s exploring its strategic options, suggesting it could be up for sale. The stock (TSX:HCG) rose nearly 17 per cent at $6.99 on the Toronto Stock Exchange after the Toronto-based mortgage lender said it ... Read More »

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Toronto stock index drops sharply, U.S. benchmarks mixed

By The Canadian Press on April 27th, 2017

TORONTO – A broad range of Canadian stocks fell this morning, including gold and other miners, energy producers and major financial services companies. The S&P/TSX composite index was down 170.61 points to 15,478.93, after 90 minutes of trading. In New York, the Dow Jones industrial average lost 14.66 points to 20,960.43. The S&P 500 index ... Read More »

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Suncor CEO says more oilsands deals may appear in ‘exodus’ of foreign firms

By The Canadian Press on April 27th, 2017

CALGARY – The head of Suncor Energy (TSX:SU) says the “exodus” of foreign companies from Alberta’s oilsands may not be finished yet, which could provide it with acquisition opportunities. CEO Steve Williams says Suncor feels no pressure to buy, but is watching closely. Suncor increased its ownership of Syncrude Canada last year from 12 per ... Read More »

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Leaving money to a secret beneficiary is very, very tricky, experts warn

By David Hodges, The Canadian Press on April 27th, 2017

TORONTO – When it comes to requests to have inheritance money left discreetly, Toronto estate lawyer Ed Olkovich says it’s typically not the racy stuff most people might expect, such as funds for a secret lover or a child out of wedlock. Rather, he says, it’s often done to avoid having something that could appear ... Read More »

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Canam stock nearly doubles on going-private offer for Quebec-based company

By The Canadian Press on April 27th, 2017

ST-GEORGES, Que. – Canam Group Inc. (TSX:CAM) is preparing to go private, with core shareholders in the Quebec-based company offering to buy up all the publicly traded shares for nearly double their recent price. Shares in Canam, which specializes in supplying structural steel for construction of buildings and bridges, jumped 96 per cent to $12.16 ... Read More »

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European Central Bank says economy is ‘increasingly solid’

By David McHugh, The Associated Press on April 27th, 2017

FRANKFURT – The European Central Bank kept its stimulus program and interest rates unchanged Thursday even though it conceded that the economy of the 19-country eurozone is becoming stronger. While indicators in recent weeks have pointed to much faster growth, there was little expectation the central bank would ease off its stimulus programs in the ... Read More »

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