April 20th, 2018

Business

Carr downplays tanker traffic risk, says legislation not developed yet

By Mia Rabson, The Canadian Press on April 18th, 2018

OTTAWA – The federal Liberal government hasn’t yet “landed” on its promised legislative option to push the Trans Mountain pipeline expansion forward, says Natural Resources Minister Jim Carr. Justin Trudeau’s government is “actively pursuing” legislation that will reassert Canada’s constitutional authority to build and expand pipelines, the prime minister promised Sunday after an emergency meeting ... Read More »

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Miss America pageant gets funding to stay in Atlantic City

By The Associated Press on April 18th, 2018

ATLANTIC CITY, N.J. – New Jersey officials have approved $4.3 million in state subsidies to keep the 2019 Miss America pageant in Atlantic City. The state Casino Reinvestment Development Authority approved the funding Tuesday after months of uncertainty over the pageant’s future. The Press of Atlantic City reports that the pageant’s contract was under scrutiny ... Read More »

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Trans Mountain controversy follows Trudeau to London

By Lee Berthiaume, The Canadian Press on April 18th, 2018

LONDON – One of Justin Trudeau’s largest domestic political problems followed him to London on Wednesday, as environmental activists greeted the prime minister with calls to kill the controversial Trans Mountain pipeline expansion. The demands came during an elaborate protest outside the Canadian High Commission in the capital’s London’s iconic Trafalgar Square and marked the ... Read More »

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B.C. to spend $1.9 billion to help build rental housing over the next decade

By The Canadian Press on April 18th, 2018

VICTORIA – British Columbia’s government is investing $1.9 billion over the next 10 years to help build 14,000 affordable homes for renters. Premier John Horgan says fixing the housing crisis in the province isn’t just about ownership, but making sure that those who rent can find and afford homes where they can have a future. ... Read More »

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Toronto market makes gains on BoC outlook, oil price; U.S. markets up slightly

By Ian Bickis, The Canadian Press on April 18th, 2018

An optimistic growth outlook from the Bank of Canada and price spikes for key commodities helped Canada’s main stock index surge higher Wednesday, while U.S. markets made mild gains. The Bank of Canada left its trend-setting interest rate at 1.25 per cent as first quarter growth was slower than expected, weighed down by the housing ... Read More »

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CP Rail reports lower profits as Teamsters, IBEW serve 72-hour strike notice

By Dan Healing, The Canadian Press on April 18th, 2018

CALGARY – Severe winter weather that left grain farmers complaining about poor rail service is being blamed for disappointing first-quarter earnings at Canadian Pacific Railway Ltd. as it deals with the potential for further disruption amid a potential strike this weekend. The company, which was handed 72-hour strike notices Wednesday by about 3,400 workers in ... Read More »

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In-flight explosion creates pressure for engine inspections

By Alexandra Villarreal And David Koenig, The Associated Press on April 18th, 2018

PHILADELPHIA – The engine explosion aboard a Southwest Airlines jetliner puts new pressure on airlines and regulators to act faster to inspect the fan blades that may have snapped off and triggered the accident that killed a passenger. The initial findings from investigators show that Tuesday’s emergency was eerily similar to an engine failure on ... Read More »

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Carr says pipeline expansion will add just one more tanker a day off B.C. coast

By The Canadian Press on April 18th, 2018

OTTAWA – Natural Resources Minister Jim Carr says the Trans Mountain pipeline will only increase tanker traffic off the coast of British Columbia by one ship a day, downplaying the risks raised by environmental critics of the project. Speaking following the weekly Liberal caucus meeting today, Carr said he has a lot of confidence that ... Read More »

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Doug Ford promises to cut Ontario’s corporate income tax to 10.5 per cent

By Shawn Jeffords, The Canadian Press on April 18th, 2018

TORONTO – Ontario’s Progressive Conservatives promised Wednesday to cut the provincial corporate income tax if they win the spring election, saying the move would stimulate job growth and boost the economy. Newly minted Tory Leader Doug Ford said his party would cut the rate from the current 11.5 per cent to 10.5 per cent. “We’re ... Read More »

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Largest maker of bump stocks will stop accepting orders

By Michael Balsamo, The Associated Press on April 18th, 2018

LOS ANGELES – The largest manufacturer of bump stocks, which allow semi-automatic weapons to fire rapidly like automatic firearms, announced Wednesday that it will stop taking orders and shut down its website next month. The announcement comes about a month after President Donald Trump said his administration would “ban” bump stocks, which he said “turn ... Read More »

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