February 19th, 2018

Business

HBC names CVS Health executive Helena Foulkes as its new chief executive

By The Canadian Press on February 5th, 2018

TORONTO – Hudson’s Bay Co. has named CVS Health executive Helena Foulkes as its new chief executive. The retailer says the appointment is effective Feb. 19. Foulkes has been executive vice-president of CVS Health and president of CVS Pharmacy. She will be responsible for HBC’s global strategy and operations for all of its banners. Foulkes ... Read More »

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Indigenous investors required in second round of Alberta renewable power auction

By The Canadian Press on February 5th, 2018

CALGARY – The Alberta government says it will require indigenous equity investment from proponents in its second round of bids to build renewable energy projects in the province. Environment Minister Shannon Phillips says the province is targeting projects producing 300 megawatts of electricity in its second round which is being designed to boost the economy ... Read More »

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Aurora Cannabis buys stake in Liquor Stores N.A., plans cannabis stores

By The Canadian Press on February 5th, 2018

EDMONTON – Aurora Cannabis Inc. has signed a deal to buy a minority stake in Liquor Stores N.A. Ltd., which plans to launch a brand of marijuana retail outlets as Canada moves to legalize the drug for recreational use later this year. Under the deal, the Edmonton-based licensed marijuana producer will acquire a 19.9 per ... Read More »

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Financial sector weighs on Toronto stock market, loonie trades lower

By The Canadian Press on February 5th, 2018

TORONTO – Weakness in the financial sector helped put Canada’s main stock index in the red in late-morning trading. The S&P/TSX composite index was down 30.48 points to 15,575.55, after 90 minutes of trading. In New York, the Dow Jones industrial average was down 48.28 points to 25,472.68. The S&P 500 index was down 3.67 ... Read More »

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GPS-based system could have prevented deadly train crash

By Meg Kinnard, The Associated Press on February 5th, 2018

CAYCE, S.C. – Federal investigators spent a second day Monday at the site of a deadly train crash in South Carolina, where an Amtrak train was mistakenly sent off a main track and down a side spur – and into a parked freight train. The ensuing crash early Sunday killed two people and injured more ... Read More »

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SpaceX’s hot new monster rocket ready for first test flight

By Marcia Dunn, The Associated Press on February 5th, 2018

CAPE CANAVERAL, Fla. – SpaceX’s hot new monster rocket makes its launch debut this week, blasting off from the same pad that hoisted men to the moon a half-century ago. The Falcon Heavy won’t surpass NASA’s Saturn V moon rocket, still all-time king of the launch circuit. It won’t even approach the liftoff might of ... Read More »

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Short-form extension of ‘Letterkenny’ set for Bell Media’s SnackableTV app

By The Canadian Press on February 5th, 2018

TORONTO – Bell Media has launched a new app for short-form video that will include an original series connected to the hit hoser comedy “Letterkenny.” The company says the series on SnackableTV will be a short-form extension of “Letterkenny,” which streams on CraveTV. SnackableTV is available for iOS and Android users and is free to ... Read More »

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After a bad week, US stock indexes slip again, led by banks

By Marley Jay, The Associated Press on February 5th, 2018

NEW YORK – U.S. indexes slipped in early trading Monday, following global markets lower. Banks are leading the way lower after the Federal Reserve hit Wells Fargo with new sanctions over a scandal that involved opening millions of phoney consumer accounts. Industrial companies including Boeing and Caterpillar are giving back some of the big gains ... Read More »

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Correction: Iran story

By The Associated Press on February 5th, 2018

TEHRAN, Iran – In a story Feb. 4 about the Iran nuclear deal, The Associated Press reported erroneously that President Donald Trump re-certified the agreement in January. Trump did not re-certify the deal, but extended sanctions waivers, and said he would not do so again the next time they come up for renewal, in May, ... Read More »

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Fairfax Financial Holdings acquires some Carillion Canada assets

By The Canadian Press on February 5th, 2018

TORONTO – Fairfax Financial Holdings Ltd. has signed a deal to buy part of Carillion Canada, which filed for court protection from creditors last month. Financial terms of the deal were not immediately available. Under the transaction, Fairfax will acquire Carillion Canada’s facilities management business that provides services to airports, commercial and retail properties, defence ... Read More »

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