September 25th, 2018

Business

Trump imposes tariffs on $200B more of Chinese goods

By Paul Wiseman, The Associated Press on September 17th, 2018

WASHINGTON – The Trump administration is imposing tariffs on $200 billion more in Chinese goods starting next week, escalating a trade war between the world’s two biggest economies and raising prices on consumer goods ranging from handbags to bicycle tires. The tariffs will start at 10 per cent and rise to 25 per cent starting ... Read More »

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Saudi fund pumps $1B into Silicon Valley electric car maker

By Jon Gambrell, The Associated Press on September 17th, 2018

DUBAI, United Arab Emirates – Saudi Arabia’s sovereign wealth fund invested more than $1 billion Monday in a Silicon Valley electric car maker just weeks after Tesla CEO Elon Musk earlier claimed the kingdom would help his own firm go private. Tesla stock dropped briefly Monday in reaction to the news, the same day that ... Read More »

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Foreign minister to return to NAFTA talks in Washington this week

By Terry Pedwell, The Canadian Press on September 17th, 2018

OTTAWA – High-level meetings are set to resume this week in Washington in an effort to bring Canada into a revised North American Free Trade Agreement. The renewed effort comes as the Opposition Conservatives criticize Prime Minister Justin Trudeau for the tactics his government has been using to get a NAFTA deal done. Foreign Affairs ... Read More »

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Trade, economic concerns come to fore as Ontario MP ditches Liberals for Tories

By The Canadian Press on September 17th, 2018

OTTAWA – The Trudeau Liberals’ handling of trade issues came into sharp focus Monday when an Ontario MP suddenly defected, adding her voice to a growing chorus of criticism from the opposition benches over government management of the key economic file. Leona Alleslev made the stunning announcement that she could no longer sit as a ... Read More »

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Ottawa looks at having retired judge help guide renewed pipeline review process

By Mia Rabson, The Canadian Press on September 17th, 2018

OTTAWA – The federal government is shopping around for a retired federal judge to help guide a renewed consultation with Indigenous communities on the Trans Mountain pipeline expansion. The Federal Court of Appeal last month quashed the approval given to the project, saying the consultation with Indigenous communities wasn’t good enough and criticizing the lack ... Read More »

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‘Optimism bias’ often brings Muskrat Falls-style cost overruns, inquiry told

By The Canadian Press on September 17th, 2018

HAPPY VALLEY GOOSE BAY, N.L. – Hydroelectric dams like Muskrat Falls are particularly vulnerable to cost and schedule overruns, an expert testified Monday as a public inquiry into the Labrador hydro megaproject got underway. Oxford University economics professor Bent Flyvbjerg, who is described on his faculty page as “the most cited scholar in the world ... Read More »

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Simons apologizes for bra named after chief justice Beverley McLachlin

By The Canadian Press on September 17th, 2018

MONTREAL – La Maison Simons is apologizing after it named a product in a new women’s lingerie line after former Supreme Court chief justice Beverley McLachlin. In a letter to customers, the Quebec-based retailer’s president Peter Simons apologized to McLachlin for selling the “Beverley bralette” as part of a line of clothing meant to honour ... Read More »

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B.C. not worried about only having one pot shop on legalization day: spokeswoman

By The Canadian Press on September 17th, 2018

VANCOUVER – A spokeswoman for British Columbia’s Liquor Distribution Branch says it’s not concerned that the province will have only one government-run pot shop when cannabis is legalized Oct. 17. Viviana Zanocco says B.C. will also have an online store reaching anyone in the province and she does not anticipate any problems meeting demand. The ... Read More »

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Halifax G7 meeting to promote ocean plastics charter to UN, business: McKenna

By The Canadian Press on September 17th, 2018

HALIFAX – Environment Minister Catherine McKenna says this week’s G7 ministers meeting will promote the Canadian-led oceans plastic charter – as Ottawa plans to take the accord to the United Nations General Assembly. The non-binding charter was signed by five of the G7 countries and the European Union at the Charlevoix G7 summit in June, ... Read More »

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Travel Industry Council of Ontario puts realtor registration plans on hold

By Tara Deschamps, The Canadian Press on September 17th, 2018

TORONTO – The Travel Industry Council of Ontario is putting plans to force realtors to register as travel agents if they want to arrange short-term rentals for Ontario clients on hold after the Ontario Real Estate Association called on the province to intervene. The industry groups said they have agreed to sit down with the ... Read More »

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