February 27th, 2017

Business

MacDonald, Dettwiler CEO: Head office may move from Vancouver to U.S. by 2019

By David Paddon, The Canadian Press on February 24th, 2017

Canada’s leader in space technology, MacDonald, Dettwiler and Associates Ltd., may end up moving its head office to the United States within two years, but that’s only one possible outcome of its proposed takeover of Colorado-based DigitalGlobe. The Vancouver-based company has made a firm commitment that DigitalGlobe’s ultimate parent will be a U.S. company by ... Read More »

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N.S. launches probe after massive winter storm damages fish farm, frees salmon

By The Canadian Press on February 24th, 2017

SHELBURNE, N.S. – Nova Scotia fisheries officials are investigating after a winter storm damaged an aquaculture pen in Shelburne Harbour, apparently releasing some salmon. Fisheries Minister Keith Colwell says the fish farm is owned by New Brunswick-based Cooke Aquaculture, which reported the damage last Wednesday after a massive storm. Colwell says it’s believed some salmon ... Read More »

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Pipeline protest camp cleared, but area far from normal

By Blake Nicholson And James MacPherson, The Associated Press on February 24th, 2017

CANNON BALL, N.D. – Authorities this week cleared the last holdouts from a large Dakota Access pipeline protest camp on federal land in North Dakota, but it will be a while before the region returns to normal. There’s tons of debris to be cleared. A main highway bridge remains closed. Hundreds of protesters are still ... Read More »

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Whistler Blackcomb inks long-term agreement renewals with B.C., First Nations

By The Canadian Press on February 24th, 2017

WHISTLER, B.C. – The Colorado-based company that owns the Whistler Blackcomb ski resort in British Columbia has announced a 60-year renewal of the resort’s master development agreements with the B.C. government. Vail Resorts, Inc. (NYSE:MTN) says the renewal also includes approval of Whistler Blackcomb’s associated master plans. That is one of the key requirements before ... Read More »

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Egyptians bear down under worst inflation in a decade

By Brian Rohan, The Associated Press on February 24th, 2017

CAIRO – Egyptians are bearing down under their worst inflation in a decade, cutting spending as much as possible as prices surge on basic food items, transport, housing, and even some essential medicines. Inflation reached almost 30 per cent in January, up five per cent over the previous month, driven by the floatation of the ... Read More »

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Cleanup of oil spill in Saskatchewan cost $107 million, Husky Energy says

By The Canadian Press on February 24th, 2017

CALGARY – Husky Energy says efforts to clean up a major oil pipeline spill last year in Saskatchewan have cost $107 million. About 90,000 litres of heavy crude and diluent leaked into the North Saskatchewan River last July, jeopardizing drinking water supplies for thousands of people downstream. Husky Energy (TSX:HSE) said ground movement was to ... Read More »

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Markets Right Now: Stocks move lower on Wall Street

By The Associated Press on February 24th, 2017

NEW YORK – The latest on developments in financial markets (All times local): 11:45 a.m. Stocks are moving lower in midday trading on Wall Street, led by declines in banks and energy companies. Banks were lower Friday as bond yields fell, which forces interest rates lower on mortgages and other kinds of loans. Citigroup lost ... Read More »

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Caisse de depot earns 7.6-per-cent return in 2016 as assets grow to $270.7 billion

By Ross Marowits, The Canadian Press on February 24th, 2017

MONTREAL – La Caisse de depot said Friday it earned a 7.6 per cent return on investments last year, driven by the recovery in oil and commodity prices. Net assets grew to $270.7 billion as of Dec. 31, said Quebec’s pension fund manager, Canada’s second largest by assets. The annual result was better than the ... Read More »

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North American stock markets pull back amid batch of corporate earnings

By The Canadian Press on February 24th, 2017

TORONTO – Stock markets in Toronto and New York settled into negative territory this morning as investors took in another batch of corporate earnings. The Toronto Stock Exchange’s S&P/TSX composite index lost 167.28 points or one per cent to 15,613.92, with nearly all sectors in the red. Wall Street was similarly negative. The Dow Jones ... Read More »

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Quebec pension fund manager Caisse de depot earned 7.6% return last year

By The Canadian Press on February 24th, 2017

MONTREAL – The Caisse de depot et placement du Quebec says it earned a 7.6 per cent return on investments last year, driven by the recovery in oil and commodity prices. The pension fund manager, Canada’s second largest by assets, says its net assets grew to $270.7 billion as of Dec. 31. The annual result ... Read More »

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