July 17th, 2018

Business

Alberta appeals court ruling ordering province to pay $2M over beer subsidy

By The Canadian Press on July 17th, 2018

EDMONTON – Alberta has served notice it will appeal a court ruling ordering the province to pay just over $2 million to two out-of-province breweries over a disputed beer subsidy. The government filed the notice in Court of Queen’s Bench on Monday. A Queen’s Bench justice ruled last month that the beer subsidy was unconstitutional ... Read More »

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Restaurant Brands International to review ‘no-poach’ franchise agreements

By Aleksandra Sagan, The Canadian Press on July 17th, 2018

One of Canada’s largest fast-food companies says it will review a controversial clause in its franchisee contracts less than a week after numerous competitors in the U.S. dropped similar language from their contracts to avoid an antitrust lawsuit. The so-called no-poach clause – in which franchisees sign agreements prohibiting them from hiring employees from other ... Read More »

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Portland chosen for self-driving car pilot program

By The Associated Press on July 17th, 2018

PORTLAND, Maine – A Maine city is among seven municipalities that have been selected to help test self-driving car technology. The Portland Press Herald reports Washington-based transportation technology firm Inrix announced Tuesday that Portland would help pilot the AV Road Rules program. Inrix says the software communicates local traffic rules to autonomous vehicles. The cars ... Read More »

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Powell says strong economy will keep rate hikes coming

By Martin Crutsinger, The Associated Press on July 17th, 2018

WASHINGTON – Federal Reserve Chairman Jerome Powell told lawmakers Tuesday that strong economic growth will keep the central bank on a path to gradually raise interest rates. But he noted that President Donald Trump’s get-tough trade policies run the risk of dampening future growth if they lead to permanently higher tariffs. Delivering his twice-a-year report ... Read More »

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U.S. and Canadian stocks close up in trade tension lull, loonie lower

By The Canadian Press on July 17th, 2018

TORONTO – Canada’s main stock index crept higher Tuesday along with U.S. markets, while the loonie moved lower compared with the U.S. dollar. The Toronto Stock Exchange’s S&P/TSX composite index closed up 24.51 points at 16,519.24, led by consumer discretionary and mining stocks. In New York, the Dow Jones industrial average closed up 55.53 points ... Read More »

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Canada’s premiers to talk issues around trade at New Brunswick meeting

By The Canadian Press on July 17th, 2018

ST. ANDREWS, N.B. – Canada’s First Ministers should stand united in the face of a mounting trade war with the United States, New Brunswick’s premier said ahead of this week’s meeting of provincial premiers. Despite rising tensions over carbon pricing, equalization and trade, Brian Gallant believes the primary focus should be to find ways to ... Read More »

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MGM sues Vegas mass shooting victims, argues it isn’t liable

By The Associated Press on July 17th, 2018

LAS VEGAS – MGM Resorts International has sued hundreds of victims of the deadliest mass shooting in modern U.S. history in a bid to avoid liability for the gunfire that rained down from its Mandalay Bay casino-resort in Las Vegas. The company argues in lawsuits filed Friday in Nevada and California that it has “no ... Read More »

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Loblaw delivers closing arguments in $437-million tax dispute with CRA

By The Canadian Press on July 17th, 2018

TORONTO – A lawyer for Loblaw Companies Ltd. told a Toronto court today there is no evidence to back the Canada Revenue Agency’s allegations that its Barbadian banking subsidiary was misused for tax avoidance. Loblaw’s lawyer Al Meghji said in his closing arguments at the Tax Court of Canada that Barbados-based Glenhuron Bank is viewed ... Read More »

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Quebec liquor board workers stage one-day walkout as pressure tactic

By The Canadian Press on July 17th, 2018

MONTREAL – Employees at more than 400 Quebec Liquor Corp. outlets across the province are holding a one-day strike as contract talks continue. It’s the first of six strike days their union has planned to pressure their employer, the Quebec government. The walkout is affecting most of the province’s liquor outlets, but management is being ... Read More »

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U.S. and Canadian stocks creep higher at late-morning, loonie lower

By The Canadian Press on July 17th, 2018

TORONTO – Canada’s main stock index crept higher in late-morning trading, while the loonie moved lower compared with the U.S. dollar. The Toronto Stock Exchange’s S&P/TSX composite index was up 3.35 points to 16,498.08, after 90 minutes of trading. In New York, the Dow Jones industrial average was up 12.88 points to 25,077.24. The S&P ... Read More »

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