April 28th, 2017

Business

The Latest: Trump says he won’t pull US out of NAFTA

By The Associated Press on April 26th, 2017

WASHINGTON – The Latest on the North American Free Trade Agreement (all times EDT): 10:40 p.m. President Donald Trump has told the leaders of Mexico and Canada that he will not pull out of the North American Free Trade Agreement. The White House made the surprise announcement in a read-out of calls Wednesday between the ... Read More »

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Trump considers action on NAFTA ahead of 100-day mark

By Jill Colvin, The Associated Press on April 26th, 2017

WASHINGTON – The Trump administration is considering a draft executive order to withdraw the U.S. from the North American Free Trade Agreement with Mexico and Canada – though administration officials caution it’s just one of a number of options currently being discussed by the president and his staff. Senior White House officials have been discussing ... Read More »

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Producer admits bilking investors with fake Broadway play

By The Associated Press on April 26th, 2017

NEW YORK – A Broadway producer admitted on Wednesday that he scammed his friends and others into investing more than $165,000 in a nonexistent play about opera star Kathleen Battle supposedly starring Oscar winner Lupita Nyong’o. Roland Scahill pleaded guilty in state Supreme Court to grand larceny and fraud charges. As part of the plea ... Read More »

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Suncor Energy reports net earnings of $1.35 billion on higher prices, production

By The Canadian Press on April 26th, 2017

CALGARY – Suncor Energy is reporting net earnings of $1.35 billion or 81 cents per share in the first quarter of 2017, compared with $257 million or 17 cents a year earlier, thanks to higher commodity prices and oilsands production. The company reports operating earnings of $812 million or 49 cents per common share, beating ... Read More »

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ESPN laying off 100 broadcasters, writers as viewers dwindle

By The Associated Press on April 26th, 2017

NEW YORK – ESPN is laying off about 100 employees, including former athletes-turned-broadcasters Trent Dilfer, Len Elmore and Danny Kanell, in a purge designed to focus the sports network on a more digital future. The cuts will trim ESPN’s stable of on-air talent and writers by about 10 per cent. The 36-year-old network has been ... Read More »

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Freeland sees softwood progress as Canada-U.S. wage ‘polite, amicable’ trade war

By Mike Blanchfield, The Canadian Press on April 26th, 2017

OTTAWA – Anyone looking for a political decoder for how the Trudeau government might be interpreting Donald Trump’s latest spate of anti-Canadian trade rhetoric could do worse than American comedian Stephen Colbert. The late-night television personality lampooned Canada’s polite response to Trump’s claims that Canada’s lumber and dairy policies have been “rough” on the U.S. ... Read More »

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Trump tax plan could be good news for many, bad for deficit

By Josh Boak And Stephen OhlemacHer, The Associated Press on April 26th, 2017

WASHINGTON – Dismissing concerns about ballooning federal deficits, President Donald Trump on Wednesday proposed dramatic tax cuts for U.S. businesses and individuals – outlining an overhaul his administration promises will spur economic growth and simplify America’s tangle of tax code rules. His proposal, a one-page sketch short on detail, would reduce the top corporate tax ... Read More »

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White House floats threat: NAFTA pullout being weighed

By Alexander Panetta, The Canadian Press on April 26th, 2017

WASHINGTON – The White House is telling U.S. media that it’s mulling a notice of withdrawal from NAFTA, applying shock treatment on other parties to get cracking on negotiations under the threat of having the seminal trade deal obliterated. Various media say Trump is considering detonating the trade equivalent of a nuclear option: An executive ... Read More »

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Goldcorp beats expectations with US$170M net income on lower costs

By The Canadian Press on April 26th, 2017

VANCOUVER – Goldcorp (TSX:G) beat expectations in first quarter results with profits rising to US$170 million despite a drop in production as it drove costs down. The net income, amounting to US$0.20 per share, was well ahead of an analyst consensus complied by Thomson Reuters of US$44.2 million, or US$0.08 per share. Earnings were also ... Read More »

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Toronto stock index struggles while loonie slips, as Trump reveals tax reform plan

By Alexandra Posadzki, The Canadian Press on April 26th, 2017

TORONTO – Canada’s main stock index closed lower Wednesday while the loonie slid, as Wall Street remained steady after the White House unveiled a tax reform plan. The Toronto Stock Exchange’s S&P/TSX composite index gave back 95.65 points to 15,649.54, with the financials sector down 1.26 per cent. The Canadian dollar lost 0.26 of a ... Read More »

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