January 21st, 2017

Business

Trump poised to ‘reverse’ seven decades of U.S. foreign policy: Harper

By Mike Blanchfield, The Canadian Press on January 19th, 2017

OTTAWA – Donald Trump’s presidency will mark a landmark shift in U.S. foreign policy not seen since the end of the Second World War, says former prime minister Stephen Harper. “The Trump presidency is a major source of global uncertainty,” Harper said Thursday in a speech in New Delhi, the speaking notes for which were ... Read More »

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Hotelier Schrager says pardon by Obama will bring closure

By The Associated Press on January 19th, 2017

NEW YORK – Hotelier and real estate developer Ian Schrager says his presidential pardon will bring important closure for him and his family. Schrager was sentenced in 1980 to 20 months behind bars for tax evasion. He was accused of hiding money from his celebrity hangout, Studio 54 – concealing some of it in trash ... Read More »

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US ends probe of Tesla fatal crash without seeking recall

By Tom Krisher, Joan Lowy And Dee-Ann Durbin, The Associated Press on January 19th, 2017

WASHINGTON – U.S. safety regulators have closed an investigation into a fatal crash involving electric car maker Tesla Motors’ Autopilot system without seeking a recall, but they criticized the way the company markets the semi-autonomous driving feature. The National Highway Traffic Safety Administration found that the system had no safety defects at the time of ... Read More »

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Manufacturing sales top expectations for November, gaining 1.5 per cent

By The Canadian Press on January 19th, 2017

OTTAWA – Canadian manufacturing sales topped expectations in November as they climbed 1.5 per cent in the month to $51.8 billion. Economists had expected a gain of 1.0 per cent for the month, according to Thomson Reuters. Statistics Canada said Thursday the rise followed a drop in October that was revised to a drop of ... Read More »

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Trump poised to ‘reverse’ seven decades U.S. foreign policy: Harper

By The Canadian Press on January 19th, 2017

OTTAWA – Former prime minister Stephen Harper says Donald Trump’s presidency is a major source of international uncertainty that will “reverse” seven decades of U.S. foreign policy. Harper delivers that assessment today in a speech in New Delhi, the speaking notes for which were obtained by The Canadian Press. He says Trump’s foreign policy will ... Read More »

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Markets Right Now: Stocks move lower in midday trading

By The Associated Press on January 19th, 2017

NEW YORK – The latest on developments in financial markets (All times local): 11:45 a.m. Indexes are trading mostly lower at midday on Wall Street as higher bond yields deal a blow to high-dividend stocks like real estate companies. Railroad stocks were the exception Thursday, and moved higher thanks to better results and indications of ... Read More »

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Sweden not giving up fight over lobster imports

By Patrick Whittle, The Associated Press on January 19th, 2017

PORTLAND, Maine – Sweden isn’t giving up on a long-running battle with the U.S. and Canada over lobsters that have turned up in Swedish waters. Officials with Sweden told The Associated Press that their country is working on a new proposal about how to deal with American lobsters that have turned up. A controversy about ... Read More »

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‘The Founder’ director on parallels between Trump and McDonald’s kingpin Kroc

By Victoria Ahearn, The Canadian Press on January 19th, 2017

TORONTO – When director John Lee Hancock started shooting “The Founder,” about how Ray Kroc built the McDonald’s empire from a small burger chain launched by two brothers, Donald Trump had not yet announced his candidacy for U.S. president. Parallels between the two real-estate moguls did not come to mind during production, he says. But ... Read More »

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AP Source: US ends probe of fatal Tesla crash without recall

By Tom Krisher And Joan Lowy, The Associated Press on January 19th, 2017

WASHINGTON – A source tells The Associated Press that U.S. safety regulators are ending an investigation into a fatal crash involving electric car maker Tesla Motors’ Autopilot system without a recall. The National Highway Traffic Safety Administration scheduled a call Thursday about the investigation. A person briefed on the matter person says Tesla won’t be ... Read More »

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Toronto stock market’s benchmark index up, loonie down

By The Canadian Press on January 19th, 2017

TORONTO – The Canadian dollar lost ground to the U.S. currency in late-morning trading, but Toronto’s main stock index moved higher. The loonie was down 0.34 of a cent at 75.08 cents US, after falling more than a penny against the U.S. dollar Wednesday in the wake of comments by Bank of Canada governor Stephen ... Read More »

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