November 23rd, 2017

Business

Alberta puts up $40M to help workers transition during coal-power phase-out

By The Canadian Press on November 10th, 2017

EDMONTON – Alberta is putting aside $40 million to help workers losing their jobs as the province transitions away from thermal coal mines and coal-fired power plants over the next decade. Labour Minister Christina Gray says the money will top up benefits to 75 per cent of a worker’s previous earnings during the time they ... Read More »

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Talking tough on trade, Trump pushes ‘America first’ in Asia

By Jill Colvin And Jonathan Lemire, The Associated Press on November 10th, 2017

DANANG, Vietnam – President Donald Trump stood before a summit of Asian leaders keen on regional trade pacts and delivered a roaring “America first” message Friday, denouncing China for unfair trade practices just a day after he had heaped praise on President Xi Jinping in Beijing. “We are not going to let the United States ... Read More »

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Canada trumpets progress on elements of Trans-Pacific Partnership

By Andy Blatchford, The Canadian Press on November 10th, 2017

DANANG, Vietnam – An agreement in principle on the Trans-Pacific Partnership appeared to inch closer to reality late Friday after a frenetic, confusing day of talks and media reports that bluntly blamed Canada and Prime Minister Justin Trudeau for helping to scuttle a scheduled meeting of leaders to discuss the Pacific Rim trade pact. International ... Read More »

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Condo cancellation renews calls for more protections for pre-build buyers

By Armina Ligaya, The Canadian Press on November 10th, 2017

The cancellation of a ten-storey Toronto condominium development that has thrust would-be owners back into an increasingly competitive condo market has renewed calls for tighter regulations and more protections for buyers of pre-construction projects. The Museum FLTS condominium cancelled earlier this month is the latest condo project to be shelved. Developer Castlepoint Numa cited lengthy ... Read More »

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Breakfast at Tiffany’s comes to life at New York store

By The Associated Press on November 10th, 2017

NEW YORK – Having breakfast at Tiffany’s isn’t just a big screen fantasy anymore. The New York-based Tiffany & Co. jewelry chain has opened a restaurant at its flagship Fifth Avenue location in Manhattan, and the menu does include breakfast. The store is the setting for Audrey Hepburn’s classic 1961 film “Breakfast at Tiffany’s.” Tiffany’s ... Read More »

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CPPIB using its shareholder votes to push for more women on corporate boards: CEO

By David Paddon, The Canadian Press on November 10th, 2017

TORONTO – Canada’s largest retirement fund manager is pushing to have more women on corporate boards because diversity makes for better business decisions, CPPIB chief executive Mark Machin said Friday. “This is a high priority for us,” Machin said in an interview after Canada Pension Plan Investment Board released its second-quarter financial report. “We think ... Read More »

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Canadian Natural proposes bitumen-only expansion at its Horizon oilsands mine

By The Canadian Press on November 10th, 2017

CALGARY – Canadian Natural Resources Ltd. (TSX:CNQ) is considering adding a 30,000- to 40,000-barrel-per-day bitumen-only project to its Horizon oilsands mine to take advantage of excess ore production and pipeline capacity. The proposed project could be approved as early as 2019 and would continue a trend in the sector to bolt on brownfield production to ... Read More »

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Massive Eataly World theme park opening in Italy

By Colleen Barry, The Associated Press on November 10th, 2017

BOLOGNA, Italy – The man behind the Eataly food empire is opening a massive attraction – part permanent trade fair, part agro-food theme park – that aims to create a showcase for excellence in Italian food. Eataly’s owner Oscar Farinetti hopes Eataly World, opening Nov. 15 in Bologna, will boost tourism and even food exports. ... Read More »

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Plane circles Belfast to burn fuel, makes emergency landing

By The Associated Press on November 10th, 2017

LONDON – A passenger plane carrying more than 50 people made an emergency landing without its nose gear at Belfast International Airport in Northern Ireland Friday, after circling for two hours to burn fuel. The Bombardier Q-400 operated by U.K.-based carrier Flybe took off from Belfast City Airport for Inverness, Scotland, on Friday before being ... Read More »

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Ottawa proposing legal weed tax of at least $1 per gram, plus GST/HST

By Mia Rabson, The Canadian Press on November 10th, 2017

Ottawa and the provinces and territories could have another $1 billion a year in tax revenues to split after pot becomes legal next year. Liberal MP Bill Blair, former Toronto police chief and the government’s point man on legalizing marijuana, made public the federal tax proposal for legal pot Friday, kicking off a period of ... Read More »

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