August 18th, 2018

Business

North American stock markets rebound, Dow surges 1.58%; Loonie slips lower

By The Canadian Press on August 16th, 2018

TORONTO – Canada’s main stock index recovered some of the steep losses from a day earlier as investors saw tensions easing on the trade front. The S&P/TSX composite index closed up 77.15 points at 16,225.65 in broad gains led by base metal miners as the price of copper rose. In New York, the Dow Jones ... Read More »

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Tesla takes Ontario government to court over vehicle rebates

By The Canadian Press on August 16th, 2018

TORONTO – The Canadian arm of Tesla, Inc., is taking the Ontario government to court, claiming it has been treated unfairly in the cancellation of a program providing rebates to residents who bought electric vehicles. In an application for judicial review, Tesla Motors Canada says the decision by Premier Doug Ford’s government to cancel the ... Read More »

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Low-income earners spending ‘absurd’ amounts on communications, says advocate

By The Canadian Press on August 16th, 2018

OTTAWA – Canada’s telecom regulator says the average household spent nearly $223 every month on communications services, including mobile phones, landlines, internet and cable TV in 2016. But low-income households are spending exponentially more than higher income earners as a percentage of their income, according to the CRTC’s latest Communications Monitoring Report. The snapshot of ... Read More »

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Tesla files lawsuit against Ontario government over vehicle rebates

By The Canadian Press on August 16th, 2018

TORONTO – The Canadian arm of Tesla, Inc., is taking the Ontario government to court, claiming it has been treated unfairly in the cancellation of a program providing rebates to residents who bought electric vehicles. In an application for judicial review, Tesla Motors Canada says the decision by Premier Doug Ford’s government to cancel the ... Read More »

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NewsAlert: Tesla files lawsuit against Ont. government over EV rebates

By The Canadian Press on August 16th, 2018

TORONTO – Electric car maker Tesla Motors Canada ULC is suing the Ontario government, claiming it has been treated unfairly in the government’s decision to cancel an electric vehicle rebate. More coming... Read More »

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Air Canada exec Benjamin Smith to become new CEO at Air France-KLM

By The Canadian Press on August 16th, 2018

MONTREAL – Air Canada’s chief operating officer Ben Smith has been named the new CEO of Air France-KLM. The longtime No. 2 at Air Canada will be the first non-French national to helm the Franco-Dutch airline. Smith will replace former Air France CEO Jean-Marc Janaillac, who quit more than three months ago when staff turned ... Read More »

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Tim Hortons looks to rebuild its brand with better lid, new marketing campaign

By Tara Deschamps, The Canadian Press on August 16th, 2018

TORONTO – Over the last 20 years Canadians have seen the plastic lids atop their morning coffee evolve to include closeable spouts and more recyclable materials, but the brown tops that adorn Tim Hortons cups haven’t changed at bit. Even worse, they often leak – annoying the fast-food giant’s customers and its president Alex Macedo ... Read More »

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Arrests in Burnaby, B.C., as order against Kinder Morgan protest camp enforced

By The Canadian Press on August 16th, 2018

BURNABY, B.C. – The RCMP arrested protesters Thursday as officers enforced a court injunction to dismantle a protest camp and snuff a sacred fire at a site where the Trans Mountain pipeline ends in Burnaby, B.C. Cpl. Daniela Panesar said police began enforcing an order obtained by the City of Burnaby last week from the ... Read More »

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NewsAlert: Air Canada confirms exec’s departure

By The Canadian Press on August 16th, 2018

MONTREAL – Air Canada has confirmed chief operating officer Benjamin Smith is leaving the airline for a new role as CEO of Air France-KLM. More to come... Read More »

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Oilpatch fears delays as U.S. judge orders further review of KXL pipeline route

By Dan Healing, The Canadian Press on August 16th, 2018

CALGARY – Potential delays in the completion of the Keystone XL pipeline following a U.S. judge’s order mean that Western Canadian oil producers could suffer current price discounts for a longer period of time, an industry spokesman says. On Wednesday, U.S. District Court Judge Brian Morris ordered additional environmental study of the altered route through ... Read More »

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