November 24th, 2017

Business

First LNG shipment leaves B.C. for China as industry looks to expand exports

By The Canadian Press on November 22nd, 2017

SURREY, B.C. – FortisBC says it has shipped 950 gigajoules of liquefied natural gas from Vancouver to China, marking the industry’s first shipment to the Asian country. The move is part of a pilot project aimed to determine long-term feasibility of B.C. LNG shipments to China. FortisBC’s Tilbury facility in Delta, B.C., supplied the liquefied ... Read More »

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TSX, Wall St. flat ahead of U.S. Thanksgiving, as commodity prices gain ground

By The Canadian Press on November 22nd, 2017

TORONTO – With the U.S. Thanksgiving holiday approaching, North American stock indices were little changed Wednesday as commodities prices surged and the loonie gained ground. The Toronto Stock Exchange’s S&P/TSX composite index edged down 3.07 points to 16,073.58, despite strong increases in the price of oil and gold. The January crude contract soared US$1.19 to ... Read More »

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Five thing to know about what’s in the new national housing strategy

By The Canadian Press on November 22nd, 2017

OTTAWA – There’s a lot of numbers and promises in the new national housing strategy. Here are five key things to know about the strategy. 1. The country will have a new, portable housing benefit starting in 2021. The money can’t flow until then because the Liberals need to negotiate funding agreements with provinces and ... Read More »

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Notley pleads with political friends, foes to support Alberta pipeline projects

By Mia Rabson, The Canadian Press on November 22nd, 2017

OTTAWA – Alberta Premier Rachel Notley is warning all political parties to take off their partisan blinders or both the environment and Canada’s energy industry will fail. Notley was in Ottawa this week as part of a campaign to build support for pipeline expansions. In a speech at the Economic Club of Canada and a ... Read More »

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TSX, Wall Street flat ahead of U.S. Thanksgiving, as loonie gains ground

By The Canadian Press on November 22nd, 2017

TORONTO – With the U.S. Thanksgiving holiday approaching, North American stock indices are little changed today. The Toronto Stock Exchange’s S&P/TSX composite index edged down 3.07 points to 16,073.58, despite sharp increases in the price of oil and gold. The January crude contract soared US$1.19 to US$58.02 per barrel and the December gold contract climbed ... Read More »

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Highlights of sweeping new Ontario labour laws, including a minimum wage boost

By The Canadian Press on November 22nd, 2017

TORONTO – Ontario’s Liberal government passed a host of changes to labour laws Wednesday. Here are some highlights of the legislation, including the centrepiece minimum wage increase: – Minimum wage rises from $11.60 an hour to $14 on Jan. 1, 2018 then to $15 on Jan. 1, 2019. – Casual, part-time, temporary and seasonal employees ... Read More »

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Canadian grocers expand online services after Amazon acquires Whole Foods chain

By Aleksandra Sagan, The Canadian Press on November 22nd, 2017

VANCOUVER – Metro Inc. is looking to expand its online grocery offerings to Ontario next year, making it the latest Canadian retailer to ramp up its e-commerce options in the face of potential competition from Amazon. Metro CEO Eric La Fleche said Wednesday the grocer already offers “click and collect” in seven stores in Quebec ... Read More »

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Liberals propose billions for affordable housing, including individual benefits

By Jordan Press, The Canadian Press on November 22nd, 2017

OTTAWA – The Liberals will create a new housing benefit to go directly to low-income tenants, spend billions to repair existing affordable housing units and find a way to build 100,000 more units as part of a housing strategy announced today. The government says the portable housing benefit could help 300,000 households cumulatively between 2021 ... Read More »

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Former hospital CEO mired in expense scandal named a top female leader

By The Canadian Press on November 22nd, 2017

HALIFAX – The former head of Atlantic Canada’s largest children’s hospital has been named one of Canada’s most powerful women, an award organizers say was decided upon prior to her high-profile resignation. Tracy Kitch, former CEO of the Izaak Walton Killam Health Centre, was selected by the Women’s Executive Network parent company PhaseNyne Inc. as ... Read More »

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Fight for $15 minimum wage has businesses, economists questioning economic impact

By Aleksandra Sagan, The Canadian Press on November 22nd, 2017

Ontario’s minimum wage workers are set to get a bump in their paycheques after the province voted in favour of raising the standard to $15 an hour over the next two years. Currently at $11.60 an hour, the minimum wage will rise under the legislation to $14 an hour on Jan. 1, with the increase ... Read More »

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