April 28th, 2017

Business

Toronto stock market index down a nudge, weighed down by falling gold

By The Canadian Press on April 19th, 2017

TORONTO – Gold stocks have weighed down Toronto Stock Exchange today as the price of bullion retreats. The Toronto Stock Exchange’s S&P/TSX composite index was down 1.87 points to 15,620.70 after 90 minutes of trading. The market’s global gold index and its materials index have seen the biggest declines. In New York, the Dow Jones ... Read More »

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Back to the ballot box: UK lawmakers back June 8 election

By Jill Lawless, The Associated Press on April 19th, 2017

LONDON – British voters will be heading to polling stations for the third time since 2015, after lawmakers overwhelmingly backed Prime Minister Theresa May’s call for a snap election on June 8. The parliamentary election comes less than a year after Britain voted to leave the European Union, and will likely be dominated by the ... Read More »

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Ontario judge grants Bombardier request for injunction against Metrolinx

By The Canadian Press on April 19th, 2017

TORONTO – A judge has stymied Metrolinx’s effort to cancel a $770-million light rail contract with Bombardier Transportation. Judge Glenn Hainey of the Ontario Superior Court today granted the company’s request for an injunction to prevent the provincial transportation agency from terminating the deal without first undergoing a dispute resolution process. Neither Metrolinx nor Bombardier ... Read More »

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Rising number of Canadians cutting the cord on traditional TV, report says

By The Canadian Press on April 19th, 2017

TORONTO – A new report says the number of Canadians cutting the cord on their TV services is expected to increase this year. The Convergence Research Group estimates in a report released Wednesday that TV subscriptions in Canada will drop by 247,000 this year, up from 220,000 subscriber losses last year. That would represent an ... Read More »

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Five measures Ontario could implement to try to cool the GTA housing market

By Jessica Smith Cross, The Canadian Press on April 19th, 2017

TORONTO – The Ontario government is expected to unveil a suite of housing affordability measures in the coming days aimed at cooling soaring home prices in the Greater Toronto Area. Here are five potential measures the province could bring forward to tackle housing affordability. Foreign buyers tax Ontario Finance Minister Charles Sousa said last month ... Read More »

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Emirates trims US flights after Trump administration curbs

By The Associated Press on April 19th, 2017

DUBAI, United Arab Emirates – The Middle East’s biggest airline says it is reducing flights to the United States because of a drop in demand caused by tougher U.S. security measures and attempts by the Trump administration to ban travellers from a number of Muslim-majority nations. Emirates said on Wednesday that the reductions will affect ... Read More »

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Argentine lemon ban Trump protectionism or sanitary measure?

By Debora Rey And Natacha Pisarenko, The Associated Press on April 19th, 2017

TIMBO VIEJO, Argentina – President Donald Trump appears to have soured on Argentine lemons – at least on his predecessor’s decision to end a 16-year ban on imports of the fruit. In December, President Barack Obama’s administration said it would lift the ban on Argentine lemons, which had been imposed following complaints by producers in ... Read More »

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UK lawmakers back prime minister’s call for June 8 election

By Jill Lawless, The Associated Press on April 19th, 2017

LONDON – British lawmakers voted by a resounding 522 to 13 on Wednesday to back Prime Minister Theresa May’s call for a snap election on June 8. The result easily surpassed the two-thirds majority of the 650 lawmakers needed to trigger an early vote. There were also a number of abstentions. May says holding an ... Read More »

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AP investigation shows Peru backsliding on illegal logging

By Frank Bajak, The Associated Press on April 19th, 2017

HOUSTON – Never before had so much lumber been denied entry at a U.S. port on evidence that it was harvested illegally. Houston customs agents, acting on intelligence from their Peruvian counterparts, halted 1,770 metric tons of Amazon rainforest wood – enough to cover three football fields. The October 2015 impoundment from a rusty freighter ... Read More »

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Bill would allow Canada infrastructure bank to invest in cross-border projects

By The Canadian Press on April 19th, 2017

OTTAWA – A new federal agency designed to fuse public and private dollars to help build infrastructure in Canada could end up building new roads and bridges south of the border. The legislation for the Liberals’ proposed infrastructure bank would allow the arm’s-length organization to use public money to help bankroll or financially backstop projects ... Read More »

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