February 19th, 2018

Business

December’s manufacturing sales slip from November’s record high: StatCan

By The Canadian Press on February 16th, 2018

OTTAWA – Statistics Canada says the country’s manufacturing sales in December were $55.5 billion, down 0.3 per cent from the record high level set in the previous month. The petroleum and coal product industry had the biggest month-over-month decline, dropping 4.1 per cent to $5.7 billion December, after five consecutive increases. Food industry sales dropped ... Read More »

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AP Interview: Putin foe Khodorkovsky doesn’t want presidency

By Francesca Ebel And Angela Charlton, The Associated Press on February 16th, 2018

LONDON – Russian oligarch-turned-dissident Mikhail Khodorkovsky says he’s not interested in replacing Vladimir Putin as president – but he might line up behind TV star Ksenia Sobchak in next month’s presidential election. In a wide-ranging interview Thursday with The Associated Press, Khodorkovsky said that politically-driven U.S. and EU sanctions against Russia aren’t working, and warned ... Read More »

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Enbridge Q4 hit by special items but adjusted earnings above estimates

By The Canadian Press on February 16th, 2018

CALGARY – Enbridge Inc. is reporting that special items pushed its fourth quarter net income down to $207 million, a 42 per cent decline from the year-earlier period. As a result, the Calgary-based pipeline and utility company’s net income per share was 13 cents per share, well below analyst estimates. The special items included a ... Read More »

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Air Canada revenue, adjusted earnings above analyst estimates in Q4

By The Canadian Press on February 16th, 2018

MONTREAL – Air Canada’s fourth-quarter revenue and adjusted earnings came in ahead of analyst estimates, as the Montreal-based airline posted record-high annual revenue for 2017. Its adjusted net income was $61 million, or 22 cents per share for the quarter – ahead of analyst estimates of 14 cents per share, according to Thomson Reuters data. ... Read More »

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ATB Financial forecasts modest economic growth in Alberta this year

By The Canadian Press on February 15th, 2018

CALGARY – Alberta’s Crown-owned bank is forecasting moderate economic growth this year, but no big drop in the province’s jobless rate. ATB Financial is projecting GDP will increase by 2.8 per cent. Chief Economist Todd Hirsch says that is better than the recession years of 2015 and 2016, but not as strong as 2013 and ... Read More »

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New Democrats hear Leap Manifesto push on eve of convention

By Lee Berthiaume, The Canadian Press on February 15th, 2018

OTTAWA – New Democrats and others were presented with an unapologetically radical vision of Canadian politics Thursday, as they sought to tap into the magic that helped create the “insurgent campaigns” of Bernie Sanders in the U.S. and Jeremy Corbyn of Britain. The vision was presented at an event organized by the same people who ... Read More »

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Committee pushes ride-hailing in B.C., makes recommendations on shape of service

By Dirk Meissner, The Canadian Press on February 15th, 2018

VICTORIA – Ride-hailing is on its way to British Columbia after the online services received the unanimous support of an all-party committee of the legislature on Thursday. The committee made 32 recommendations to help pave the way for introducing and regulating ride-hailing. Committee chairwoman Bowinn Ma of the NDP said the recommendations balance the importance ... Read More »

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Mortgages get more expensive as rates hit near 4-year peak

By Alex Veiga And Josh Boak, The Associated Press on February 15th, 2018

The cost of borrowing for a home keeps going up, a potential obstacle to would-be buyers at a time when home prices are at all-time highs in more than half of major U.S. markets. Average long-term mortgage rates have been rising steadily this year and are now at the highest level in almost four years. ... Read More »

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Budget undercuts Trump focus on mental health, school safety

By Ricardo Alonso-Zaldivar And Maria Danilova, The Associated Press on February 15th, 2018

WASHINGTON – President Donald Trump is calling for a focus on mental health and school safety in response to shootings like the one that took 17 lives in Florida, but his budget would cut funding in both areas. Trump’s latest budget would slash the major source of public funds for mental health treatment, the Medicaid ... Read More »

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National Energy Board issues new approvals for Trans Mountain pipeline

By The Canadian Press on February 15th, 2018

CALGARY – The National Energy Board has issued three more approvals for the Trans Mountain pipeline expansion allowing construction to begin on a tunnel entrance in British Columbia. The board says it’s granting relief for pre-construction conditions on Trans Mountain property at the Westridge Marine Terminal where the Burnaby Mountain tunnel portal will be located. ... Read More »

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