April 28th, 2017

Business

Hydrogen fuel cell cars face obstacle: few fueling stations

By Dee-Ann Durbin, The Associated Press on April 13th, 2017

DETROIT – Hydrogen fuel cell cars could one day challenge electric cars in the race for pollution-free roads – but only if more stations are built to fuel them. Honda, Toyota and Hyundai have leased a few hundred fuel cell vehicles over the past three years, and expect to lease well over 1,000 this year. ... Read More »

Be the first to comment!

The high road: Canada embarks on game-changing legal marijuana experiment

By Kristy Kirkup, The Canadian Press on April 13th, 2017

OTTAWA – The federal government is steering Canada into a bold and risky social experiment with proposed new laws legalizing recreational marijuana for those aged 18 and older – and stringent new criminal sanctions for those who break them. The bundle of bills tabled Thursday in the House of Commons marks the start of a ... Read More »

Be the first to comment!

Some of what was said Thursday about federal government’s new pot legislation

By The Canadian Press on April 13th, 2017

OTTAWA – Some quotes about the Liberal government’s cannabis legislation, introduced in the House of Commons on Thursday. “The Cannabis Act reflects an evidence-based approach that will protect Canadians’ public health and safety.” – Justice Minister Jody Wilson-Raybould. — “The proposed legislation would allow Canadian adults to possess and purchase regulated and quality-controlled cannabis products, ... Read More »

Be the first to comment!

Central bank’s new growth outlook, if realized, to give feds billions: experts

By Andy Blatchford, The Canadian Press on April 13th, 2017

OTTAWA – If economic growth surges in line with the Bank of Canada’s latest predictions, experts say the feds will enjoy a multibillion-dollar bump on their balance sheet. After several months of surprisingly strong economic data, the central bank raised its 2017 growth projection this week to 2.6 per cent, up from its January call ... Read More »

Be the first to comment!

Details hazy but good first step, licensed marijuana producers say

By Aleksandra Sagan, The Canadian Press on April 13th, 2017

TORONTO – The federal government’s proposed marijuana legislation lacks key details, such as rules governing advertising, distribution and even how much THC will be allowed in each product, licensed producers say. Vic Neufeld, CEO of Aphria Inc., said he was hoping for greater clarity when the highly anticipated Cannabis Act was introduced Thursday. “I think ... Read More »

Be the first to comment!

Five Things to consider about the Liberal government’s plan to legalize pot

By Joanna Smith, The Canadian Press on April 13th, 2017

OTTAWA – The Liberal government introduced long-awaited legislation Thursday to legalize the recreational use of marijuana, but many of the finer points and logistical questions remain unanswered or up in the air. Here are five of them: 1.What happens if a U.S. border guard asks if you have ever smoked marijuana? Public Safety Minister Ralph ... Read More »

Be the first to comment!

British Columbia New Democrats promise balanced budget, higher corporate tax

By Geordon Omand, The Canadian Press on April 13th, 2017

COQUITLAM, B.C. – British Columbia’s New Democrats are promising three years of balanced budgets while also reining in auto insurance rates and BC Ferry fares if they win the provincial election. The NDP expects to finance its campaign commitments by reversing a Liberal tax cut to the highest income earners, hiking the corporate tax rate ... Read More »

Be the first to comment!

TSX, New York markets fall ahead of Easter weekend; gold continues to shine

By The Canadian Press on April 13th, 2017

TORONTO – The Toronto stock market finished in the red today with losses from energy, materials and bank stocks, while U.S. indexes were similarly under pressure as questions abound about President Donald Trump’s economic policies. The S&P/TSX composite index was down 112.92 points to 15,535.48. The Canadian dollar declined 0.31 of a cent at 75.03 ... Read More »

Be the first to comment!

Source Energy takes in $175 million in largest oil and gas sector IPO since 2014

By The Canadian Press on April 13th, 2017

CALGARY – Source Energy Services has closed a $175-million financing in the first substantial initial public offering in the oil and gas sector in two-and-a-half years. The Calgary-based company, one of the largest suppliers of speciality sand to Canada’s fracking industry, issued 16.7 million shares at $10.50 each in the listing. Source had initially aimed ... Read More »

Be the first to comment!

Transcontinental sells 27 newspapers to Halifax Herald in blockbuster deal

By Keith Doucette & Aly Thomson, The Canadian Press on April 13th, 2017

HALIFAX – Canada’s oldest independent newspaper – whose newsroom has been on strike for over a year – has bought all of Transcontinental Media’s newspapers in Atlantic Canada. The Halifax Chronicle Herald said Thursday that a new company, SaltWire Network, will comprise 27 Transcontinental newspapers and the novanewsnow.com website and the Herald’s own publications. Mark ... Read More »

Be the first to comment!