January 18th, 2018

Business

Contractor vows Saskatchewan hospital will rise despite big-picture money woes

By The Canadian Press on January 17th, 2018

NORTH BATTLEFORD, Sask. – The Canadian wing of Carillion PLC says the financial collapse of the British construction giant will not affect the work or any jobs at a new mental health facility being built in Saskatchewan. Carillion went into compulsory liquidation on Monday after weekend talks with creditors failed to get the short-term financing ... Read More »

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Bank of Canada hikes interest rate to 1.25%, cites strong economic data

By Andy Blatchford, The Canadian Press on January 17th, 2018

OTTAWA – The economy’s impressive run prompted the Bank of Canada to raise its trend-setting interest rate Wednesday for the third time since last summer – and to send a signal that more increases are likely on the horizon. The central bank pointed to unexpectedly solid economic numbers as key drivers behind its decision to ... Read More »

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NewsAlert: Bank of Canada raises key interest rate target to 1.25 per cent

By The Canadian Press on January 17th, 2018

OTTAWA – The Bank of Canada is raising its key interest rate target by a quarter of a percentage point. The central bank’s target for the overnight rate now sits at 1.25 per cent. The change is expected to prompt Canada’s large banks to raise their prime lending rates, a move that will drive up ... Read More »

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Quebec raising minimum wage to $12 as of May 1

By The Canadian Press on January 17th, 2018

MONTREAL – Quebec will raise the province’s minimum wage to $12 an hour as of May 1. The 75-cent increase from the the current rate of $11.25 was confirmed today by Labour Minister Dominique Vien and is the largest hike in Quebec history. Vien says in a statement the rise is in line with a ... Read More »

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US industrial production rose 0.9 per cent in December

By Paul Wiseman, The Associated Press on January 17th, 2018

WASHINGTON – The Federal Reserve says U.S. industrial production rose 0.9 per cent in December, pulled higher by a surge in utility output, another sign of health for the American economy. Utility production shot up 5.6 per cent last month, the most since March 2017. Manufacturing output edged up 0.1 per cent. Mining production rose ... Read More »

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Saudi Arabia to transfer $2 billion after urgent Yemen plea

By The Associated Press on January 17th, 2018

RIYADH, Saudi Arabia – Saudi Arabia’s King Salman has ordered a transfer of $2 billion to Yemen, a day after the war-torn country’s Saudi-backed prime minister called on the kingdom and its allies to save the local currency from “complete collapse.” Saudi Arabia said in a statement on Wednesday that funds would be deposited in ... Read More »

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Bank of Canada to make interest rate decision amid strong economic environment

By The Canadian Press on January 17th, 2018

OTTAWA – All eyes will be on the Bank of Canada this morning as it makes its latest scheduled interest-rate announcement. Economists widely believe that based on the economic environment, it’s likely that governor Stephen Poloz will raise the central bank’s benchmark interest rate today for a third time since last summer. Many note that ... Read More »

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Japanese public TV says staffer sent missile alert in error

By The Associated Press on January 17th, 2018

TOKYO – Japanese public broadcaster NHK says its erroneous alert of a North Korean missile fired at Japan was sent by a staff member who meant to file a different news flash. NHK denied any mechanical flaw and said Wednesday it is studying preventive measures. The erroneous news flash Tuesday said North Korea appeared to ... Read More »

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Conservatives balk at GOP plan to avert government shutdown

By Alan Fram And Andrew Taylor, The Associated Press on January 16th, 2018

WASHINGTON – Disgruntled conservatives threatened late Tuesday to scuttle Republican leaders’ plans to prevent a weekend government shutdown, saying GOP leaders now lack the votes to push their proposal through the House. The setback came as a deal between President Donald Trump and Congress to protect young immigrants from deportation also remained distant. The intransigence ... Read More »

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Canadian Western Agribition in Regina spurs Saskatchewan economy: report

By The Canadian Press on January 16th, 2018

REGINA – A new study says Canadian Western Agribition in Regina pumped $73 million into Saskatchewan’s economy last year. The annual event is the largest livestock show in Canada and features beef cattle, horses, bison, sheep, goats and an agribusiness trade show. Agribition CEO Chris Lane says the show’s economic impact has jumped $17 million ... Read More »

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