September 24th, 2017

Business

Despite hot economy, feds to continue deficits to invest: Morneau

By The Canadian Press on September 12th, 2017

OTTAWA – Bill Morneau is suggesting that even with the scorching economy he’s not planning to lay out a timetable to balance Ottawa’s books. The federal finance minister says the Trudeau government will continue with its strategy to invest tens of billions of dollars into infrastructure by running annual deficits over at least the next ... Read More »

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News and entertainment website Canoe.ca says data for one million users hacked

By The Canadian Press on September 12th, 2017

MONTREAL – News and entertainment website Canoe.ca says some of its databases containing the personal information of about one million users from 1996 to 2008 has been hacked. The company says the databases breached contained records including names, email addresses, mailing addresses and telephone numbers. The information was provided by users for contests, forums, comments ... Read More »

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Governments give $2 million to bolster Halifax tech sector incubator

By The Canadian Press on September 12th, 2017

HALIFAX – A Halifax digital incubator has been handed $2 million in government cash to expand the city’s tech footprint. The non-profit Volta Labs – established in 2013 by four entrepreneurs – received $1.5 million Tuesday from the Atlantic Canada Opportunities Agency, and $500,000 from the Nova Scotia government’s Innovacorp. A news release says the ... Read More »

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WestJet reports records in passenger counts and load factors in August

By The Canadian Press on September 12th, 2017

CALGARY – WestJet (TSX:WJA) says its airplanes flew fuller than ever in August as it set records for the most passengers moved in a month. The Calgary-based airline reports moving 2.3 million people last month, an increase of almost 14 per cent or 288,000 compared with August 2016. CEO Gregg Saretsky says the August passenger ... Read More »

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Things to watch for in the Canadian business world in the coming week

By The Canadian Press on September 12th, 2017

TORONTO – Things to watch for in the Canadian business world in the coming week: Poker face: The online gambling company formerly known as Amaya Inc. will face questions Monday at a hearing in front of the Ontario Securities Commission, which is investigating allegations of insider trading. Pension problems: Insolvent Sears Canada meets with employee ... Read More »

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Apple kicks off event; $1,000 iPhone is expected

By Michael Liedtke And Barbara Ortutay, The Associated Press on September 12th, 2017

CUPERTINO, Calif. – Apple has kicked off its event expected to unveil a dramatically redesigned iPhone that’s likely to cost $1,000. It’s the first product event it’s holding at its new spaceship-like headquarters in Cupertino, California. True to its secretive ways, Apple hasn’t confirmed what it will be announcing, though a financial forecast issued last ... Read More »

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Protests over French labour overhaul grip Paris, other cities

By Philippe Sotto, The Associated Press on September 12th, 2017

PARIS – The Eiffel Tower saw service cutbacks, angry carnival workers snarled traffic around the Arc de Triomphe and police used water cannon and tear gas as unions held protests in Paris and elsewhere Tuesday against planned changes to French labour laws. The prominent CGT union called for strikes and organized some 180 marches against ... Read More »

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Television ratings another casualty of Hurricane Irma

By The Associated Press on September 12th, 2017

NEW YORK – The ability of television networks to know how many people are watching their programs is one temporary casualty of Hurricane Irma. The Nielsen company said Tuesday that its ratings information from this past weekend is delayed because the company’s processing centre in Tampa, Florida, was shut down because of Irma. The company’s ... Read More »

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Senate GOP struggles with deficit in work on budget, taxes

By Marcy Gordon And Andrew Taylor, The Associated Press on September 12th, 2017

WASHINGTON – Senate Republicans are struggling with how many billions of dollars President Donald Trump’s tax code overhaul will add to the deficit as they work on a GOP budget plan that’s a prerequisite to any far-reaching change in the nation’s tax system. Senate Majority Leader Mitch McConnell and GOP members of the Budget Committee ... Read More »

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Wisconsin Senate poised to pass $3 billion for Foxconn

By Scott Bauer, The Associated Press on September 12th, 2017

MADISON, Wis. – The Wisconsin Senate was poised to approve nearly $3 billion in cash payments for Taiwan-based Foxconn Technology Group on Tuesday, an unprecedented incentive package for the electronics company to locate a flat-screen factory in the state. The proposed subsidy would be the largest ever from a U.S. state to a foreign company ... Read More »

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