November 14th, 2018

Business

NASA boss in Ottawa, fuels speculation about new Canadian space-station role

By The Canadian Press on November 13th, 2018

OTTAWA – The head of the U.S. space agency says Canada’s knack for artificial intelligence will be useful for exploring the moon, if we want in. Jim Bridenstine, the administrator of the National Aeronautics and Space Administration, says Canada has developed crucial artificial intelligence-based robotics technology that could help operate the next-generation outpost the United ... Read More »

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Toronto loses Amazon HQ2 battle, claims victory with bid effort

By Michelle McQuigge, The Canadian Press on November 13th, 2018

TORONTO – The Toronto region may have lost the battle to host Amazon’s highly coveted second corporate headquarters, but its leaders claimed victory in defeat. Mayors of Toronto and its surrounding municipalities said the fact that their joint bid made the short list for the project dubbed HQ2 boosted the area’s reputation as a burgeoning ... Read More »

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Canada stands pat on Saudi arms sales, even after hearing Khashoggi tape

By The Canadian Press on November 13th, 2018

OTTAWA – The federal government is showing no apparent signs of toughening its stance on arms sales to Saudi Arabia, even after Canada’s spy chief heard a recording of the killing of journalist Jamal Khashoggi. Speaking to reporters today in Windsor, Ont., Foreign Affairs Minister Chrystia Freeland reiterated Canada’s position that no new arms-export permits ... Read More »

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BP deep water well off Nova Scotia lacks commercial quantities of oil:partner

By The Canadian Press on November 13th, 2018

HALIFAX – A third well exploration effort off Nova Scotia has failed to find commercially viable levels of oil in the deep waters of the Scotian Shelf. Hess Corp., the drilling partners on the BP-operated Scotian Basin Exploration Drilling Project, issued a news release Tuesday saying it will write off its share of the well ... Read More »

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US October budget deficit jumps to $100.5 billion

By Martin Crutsinger, The Associated Press on November 13th, 2018

WASHINGTON – The federal government recorded a deficit of $100.5 billion in October, a big increase from a year ago that was primarily caused by quirks in the calendar. The Treasury Department says the deficit shot up 59 per cent from the same month a year ago. Last year’s October deficit was smaller because the ... Read More »

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Post office suspends service guarantees as more rotating strikes strand packages

By Terry Pedwell, The Canadian Press on November 13th, 2018

OTTAWA – Canada Post suspended delivery-time guarantees to its customers Tuesday, acknowledging a lack of progress in contract talks with its unionized workforce Tuesday as a fourth week of rotating strikes began. The Crown corporation also warned its customers that more delivery delays are inevitable after the Canadian Union of Postal Workers closed two major ... Read More »

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Bombardier CEO ends his silence on 5,000 layoffs, defends the move

By The Canadian Press on November 13th, 2018

TORONTO – The head of Bombardier Inc. is defending his move to lay off 5,000 workers – 3,000 of them in Canada – citing efficiency and leaving the door open to more job cuts down the line. Chief executive Alain Bellemare told an investor conference in Toronto today that the productivity push was “tough” and ... Read More »

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Toronto loses bid to host Amazon HQ2, mayor says effort still represented a win

By Michelle McQuigge, The Canadian Press on November 13th, 2018

TORONTO – Amazon will be spreading its highly anticipated second headquarters over two North American locations, but confirmed on Tuesday that it will not be calling Canada home. The retail behemoth announced that its new main base – popularly dubbed HQ2 – will be divided between New York City and Arlington, Va., putting an end ... Read More »

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UK Cabinet to meet after Britain, EU reach draft Brexit deal

By Jill Lawless, The Associated Press on November 13th, 2018

LONDON – Negotiators from Britain and the European Union have struck a proposed divorce deal that will be presented to politicians on both sides for approval, officials in London and Brussels said Tuesday. After a year and a half of stalled talks, false starts and setbacks, negotiators agreed on proposals to resolve the main outstanding ... Read More »

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Toronto stock market pushes higher, despite energy weakness on drop in oil

By The Canadian Press on November 13th, 2018

TORONTO – Canada’s main stock index was up in late-morning trading as gains in the financial, industrial and materials sectors outweighed losses in the energy sector as the price of oil fell. The S&P/TSX composite index was up 79.85 points at 15,236.25. In New York, the Dow Jones industrial average was up 107.95 points at ... Read More »

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