February 25th, 2018

Business

Energy losses move TSX down modestly as loonie moves higher; U.S. markets advance

By The Canadian Press on February 13th, 2018

TORONTO – Losses in the energy sector led Canada’s main stock index modestly lower as U.S. markets drifted higher for the third day in a row. The S&P/TSX composite index was down 25.41 points to 15,216.47, in a largely broad-based decline. In New York, the Dow Jones industrial average was up 39.18 points to 24,640.45. ... Read More »

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Trump hamstrings U.S. NAFTA negotiators, says Canada’s chief negotiator

By Mike Blanchfield, The Canadian Press on February 13th, 2018

OTTAWA – The ongoing effort to rescue and revamp NAFTA has made only limited progress because U.S. officials at the table find themselves hamstrung by the demands of the Trump White House and the talks are taking place too quickly, Canada’s chief negotiator says. Tuesday’s hard-hitting and sobering update from Steve Verheul came on the ... Read More »

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Close stock-option loophole, put savings in national pharmacare plan: NDP

By The Canadian Press on February 13th, 2018

OTTAWA – The federal NDP is demanding the Trudeau government close a controversial tax loophole for stock options and crackdown on tax havens in the coming federal budget – and redirect the savings towards a national pharmacare program. The NDP also wants the government to put more money into affordable housing and ending boil-water advisories ... Read More »

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Dear John: Alberta launches petition to B.C.’s Premier Horgan in pipeline fight

By The Canadian Press on February 13th, 2018

EDMONTON – Alberta is ratcheting up the public relations fight over the Trans Mountain oil pipeline by launching a website and online petition. Premier Rachel Notley is asking Albertans to sign the petition, which will be sent to her B.C. counterpart, John Horgan. Notley and Horgan have locked horns over a proposal by British Columbia ... Read More »

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Feds to table budget Feb. 27 as Canada faces trade, competitiveness uncertainty

By The Canadian Press on February 13th, 2018

OTTAWA – Finance Minister Bill Morneau will introduce the federal government’s latest budget on Feb. 27 as the country faces persistent uncertainty around trade and competitiveness. Morneau made the announcement today in the House of Commons during question period. The budget will arrive as Ottawa deals with the economic unknowns related to the tough renegotiation ... Read More »

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Rapid pace of NAFTA talks means limited progress, says Canada’s chief negotiator

By The Canadian Press on February 13th, 2018

OTTAWA – Canada’s chief NAFTA negotiator says only limited progress has been made in revamping the continental trade pact. Steve Verheul says that’s because the talks are moving “a bit too fast.” The seventh round of NAFTA talks is set to begin later this month in Mexico City with substantial differences remaining on autos, a ... Read More »

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U.S. tax reform will end new corporate inversions in Canada, say economists

By The Canadian Press on February 13th, 2018

MONTREAL – Economists say recently enacted U.S. tax reforms will hurt Canada’s competitiveness and give companies another reason to set up shop in or even relocate south of the border. Ian de Verteuil of CIBC World Markets says the drop in the U.S. corporate tax rate to 21 per cent from 35 per cent makes ... Read More »

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Bill and Melinda Gates talk taxes, feminism, President Trump

By The Associated Press on February 13th, 2018

Bill and Melinda Gates say they’re concerned about some of President Donald Trump’s policies and statements. Here are excerpts from their recent interview with The Associated Press: GIVING PLEDGE Bill Gates says he’s met with Trump twice since he took office. The Microsoft co-founder hasn’t asked Trump to sign “The Giving Pledge,” a movement Gates ... Read More »

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Feds to unveil ‘supercluster’ winners that will get slice of $950M funding pie

By The Canadian Press on February 13th, 2018

OTTAWA – The Trudeau government on Thursday will announce the winners of a competition to form technology “superclusters” – a prize that will guarantee the chosen groups a piece of up to $950 million in federal funding. The contest is central to the Liberals’ so-called innovation agenda and is designed to encourage academia and businesses ... Read More »

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Holidaying frog game finds fans among China’s harried youth

By Shanshan Wang, The Associated Press on February 13th, 2018

BEIJING – Wang Zhuyin studies 10 hours a day preparing for a series of tests to obtain a U.S. physician’s license. But like millions of young Chinese adults, the 26-year-old has found a new way to cope with the pressure: an online game about a frog. A frog that’s perpetually on vacation. Wang’s diversion, the ... Read More »

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