July 18th, 2018

Business

Cuba unfreezing growth of private tourism businesses

By The Associated Press on July 10th, 2018

HAVANA – The Cuban government will allow new restaurants, bed-and-breakfasts and transportation businesses by the end of the year, reopening the most vibrant sectors of the private economy after freezing growth for more than a year. The government is unveiling a set of new regulations Tuesday meant to control the growth of tourism-related private businesses ... Read More »

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CMHC reports annual pace of housing starts in Canada jumped higher in June

By The Canadian Press on July 10th, 2018

OTTAWA – Canada Mortgage and Housing Corp. says the annual pace of home building increased in June, boosted by a jump in multi-unit projects. The federal housing agency says the seasonally adjusted annual rate of housing starts increased to 248,138 units in June, up from 193,902 in May. The increase came as the seasonally adjusted ... Read More »

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Airbus renames C Series aircraft developed by Bombardier as the A220

By The Canadian Press on July 10th, 2018

MONTREAL – Airbus is renaming the C Series aircraft developed by Bombardier as the A220. The name change comes after Airbus officially took a majority stake in the C Series program earlier this month. What was the CS100 will be known as the A220-100, while the larger CS300 will be the A220-300. The change was ... Read More »

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CUPE files application with CIRB to represent WestJet flight attendants

By The Canadian Press on July 10th, 2018

CALGARY – The Canadian Union of Public Employees says it has filed an application at the Canada Industrial Relations Board to represent flight attendants at WestJet. The union says a majority of WestJet flight attendants have signed cards supporting unionization with CUPE, including WestJet’s mainline carrier and low-cost carrier Swoop. The move by CUPE to ... Read More »

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No more retrofits for carbon capture and storage at Boundary Dam: SaskPower

By The Canadian Press on July 9th, 2018

REGINA – SaskPower says there will be no further retrofits to allow for carbon capture and storage at a dam site in southeastern Saskatchewan. The technology was introduced with much fanfare for $1.5 billion at the Boundary Dam power plant near Estevan in October 2014. The goal was to reduce carbon dioxide emissions from the ... Read More »

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Couche-Tard reports 42 per cent net income jump fuelled by acquisitions

By The Canadian Press on July 9th, 2018

LAVAL, Que. – Alimentation Couche-Tard Inc. says its net income rose 41.5 per cent in the fourth quarter as growth and acquisitions fuelled an equal jump in revenues. The North American convenience store giant based in Laval, Que., says it earned US$392.7 million for the 12-week period ended April 29, up from US$277.6 million in ... Read More »

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Most actively traded companies on the TSX

By The Canadian Press on July 9th, 2018

Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (up 80.56 points to 16,452.34, a record high) Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up 14 cents, or 2.73 per cent, to $5.26 on 6.2 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Down nine cents, or 0.97 per ... Read More »

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Glacier Media shutting down pressroom at Victoria Times Colonist as of Sept. 30

By The Canadian Press on July 9th, 2018

VICTORIA – The pressroom of the Victoria Times Colonist will be shutting down, and the union representing the 18 workers who will be unemployed says Glacier Media is moving the work to a facility outside the city. Brian Gibson, president of Unifor Local 2000, says the workers have an average of 19 years of service ... Read More »

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Toronto hits record close, while U.S. markets also gain ground; Loonie up

By The Canadian Press on July 9th, 2018

TORONTO – The base metals and industrial sectors helped Canada’s main stock index close up, while U.S. stock markets also climbed higher as technology companies and banks rose. The S&P/TSX composite index closed up 80.56 points at 16,452.34, a record close. In New York, the Dow Jones industrial average closed up 320.11 points at 24,776.59. ... Read More »

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Alberta oil company reports leak of more than 100,000 litres of oil and water

By Dan Healing, The Canadian Press on July 9th, 2018

CALGARY – More than 100,000 litres of oil and water have leaked into a marsh east of Jenner in southern Alberta, according to the new owner of oil and gas wells that belonged until recently to environment-focused Imaginea Energy Corp. The liquids leaked from a line owned by Calgary-based Cor4 Oil Corp. and flowed down ... Read More »

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