September 25th, 2018

Business

Washington wants Canada to improve spill plan for U.S. spur of Trans Mountain

By The Canadian Press on September 24th, 2018

OLYMPIA, Wash. – Washington’s Department of Ecology wants the Canadian government to fix what it calls “deficiencies in critical areas” of its spill response plan for a spur of the Trans Mountain pipeline that runs through the state. When Canada purchased the Trans Mountain pipeline and assets for $4.5 billion, it also bought the Puget ... Read More »

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California urges Trump to drop plan for weaker fuel standard

By Sudhin Thanawala, The Associated Press on September 24th, 2018

FRESNO, Calif. – California officials demanded Monday that the Trump administration back off a plan to weaken national fuel economy standards aimed at reducing car emissions and saving people money at the pump, saying the proposed rollback would damage people’s health and exacerbate climate change. Looming over the administration’s proposal is the possibility that the ... Read More »

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US approves sale of $330 million in military gear to Taiwan

By The Associated Press on September 24th, 2018

WASHINGTON – The Trump administration says it has approved the sale to Taiwan of $330 million in spare parts and related support for Taiwan’s F-16 fighters and other military aircraft. A Pentagon statement Monday said the sale will improve Taiwan’s ability to defend itself without altering the basic military balance in Asia. China opposes all ... Read More »

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Bellegarde says pipeline expansion may go forward if shipping terminal moved

By Mia Rabson, The Canadian Press on September 24th, 2018

OTTAWA – The national chief of the Assembly of First Nations says the federal government would find it easier to get the Trans Mountain pipeline built if it moves the route and the marine shipping terminal to avoid Indigenous communities that are oppose the project. Perry Bellegarde said many Indigenous communities believe in the need ... Read More »

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Canada Post strike averted for now as carriers say they’ll keep talking

By The Canadian Press on September 24th, 2018

OTTAWA – The union representing thousands of Canada Post workers says it will stay at the bargaining table, averting a potential strike by mid-week. The Canadian Union of Postal Workers said Monday it would not issue a 72-hour notice of job action, giving the Crown agency’s negotiators an opportunity to address the union’s demands, which ... Read More »

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Aurora Cannabis revenues more than triples to $19.1 million in fourth quarter

By The Canadian Press on September 24th, 2018

EDMONTON – Aurora Cannabis Inc. capped a busy year by seeing its revenues more than triple to $19.1 million in the fourth quarter. The Edmonton company says revenues for the three months ended June 30 are up from $5.9 million a year earlier. Net income attributable to shareholders was nearly $80 million, up from a ... Read More »

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Appeal pipeline decision but consult Indigenous communities, Scheer says

By The Canadian Press on September 24th, 2018

OTTAWA – Conservative Leader Andrew Scheer says the federal Liberals should both appeal the Trans Mountain pipeline expansion before the Supreme Court of Canada and legislate the project into existence. The Federal Court of Appeal last month overturned federal approval for the pipeline, citing insufficient consultation with Indigenous communities and the National Energy Board’s lack ... Read More »

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Toronto stocks lower despite rising crude prices, US markets mixed

By The Canadian Press on September 24th, 2018

TORONTO – Canada’s main stock index and the Canadian dollar lost ground Monday even though crude oil hit a near four-year high and Barrick Gold announced a large deal that drove up the gold sector. The November crude contract rose US$1.30 to $72.08 per barrel, the highest level since November 2014. The S&P/TSX composite index ... Read More »

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Empire’s Farm Boy acquisition a good move despite previous struggles: experts

By Aleksandra Sagan, The Canadian Press on September 24th, 2018

Empire Co. Ltd.’s announced acquisition of Ontario-based grocer Farm Boy is a good strategic move, despite the company’s difficulty navigating its last major acquisition that resulted in dismayed customers and a multi-year turnaround plan, experts say. The parent company of Sobeys Inc. announced an agreement Monday to acquire Ontario-based Farm Boy. It values the enterprise, ... Read More »

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Toronto stock market falls despite crude hitting nearly four-year high

By The Canadian Press on September 24th, 2018

TORONTO – Canada’s main stock index and the Canadian dollar lost some ground despite crude oil hitting a four-year high. The S&P/TSX composite index lost 16.81 points to 16,207.32. In New York, the Dow Jones industrial average was down 181.45 points to 26,562.05. The S&P 500 index was down 10.30 points at 2,919.37, while the ... Read More »

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