August 18th, 2018

Business

Elon Musk proposes Los Angeles tunnel to Dodger Stadium

By The Associated Press on August 16th, 2018

LOS ANGELES – Traffic-weary baseball fans could someday travel to and from Dodger Stadium on a public transportation system underneath Los Angeles – if Elon Musk’s latest bold plan comes to fruition. The billionaire’s Boring Company tweeted Wednesday a proposal for autonomous, zero-emissions electric sleds that would run through a tunnel between the stadium and ... Read More »

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Alberta utility’s late reporting of 2015 PCB spill earns hefty fine

By The Canadian Press on August 16th, 2018

HINTON, Alta. – The electrical utility FortisAlberta has been fined $300,000 for a spill of potentially dangerous polychlorinated biphenyls, or PCBs, in west-central Alberta nearly three years ago. Environment and Climate Change Canada says in a release that a provincial court judge ordered the fine Wednesday after the company pleaded guilty to two charges of ... Read More »

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Canopy Growth head talks U.S. expansion plans after $5B investment

By The Canadian Press on August 16th, 2018

TORONTO – The head of Canopy Growth is talking more aggressively about expansion in the United States, if and when the drug becomes legal there, a day after the marijuana producer announced a $5-billion infusion of cash. Chief executive Bruce Linton says he has lined up an option to acquire a “humongous” greenhouse in California ... Read More »

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Tim Hortons looks to tackle leaky lids consumers have long complained about

By The Canadian Press on August 16th, 2018

Tim Hortons admits it’s fallen behind the competition with its packaging, but change is coming to your coffee cup and it will start with the lid. Executives from the fast food giant tell The Canadian Press the company has been using the same lids for 20 years despite consumer complaints that they leak. Tim Hortons ... Read More »

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Airbnb’s federal budget proposal tells Liberals, ‘we want to be regulated’

By The Canadian Press on August 16th, 2018

OTTAWA – One of the world’s largest short-term rental websites is inviting the Trudeau Liberals to create a regulatory regime for the burgeoning industry – something its critics have long advocated. Airbnb’s pre-budget submission to the House of Commons finance committee says the government should recognize the need for new regulations and tax rules for ... Read More »

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North American stock markets rebound, Toronto posts triple-digit gain

By The Canadian Press on August 16th, 2018

TORONTO – The energy and resource sectors helped Canada’s main stock index post a triple-digit increase in late-morning trading, bouncing back from Wednesday’s move lower. The S&P/TSX composite index was up 121.48 points at 16,269.98. In New York, the Dow Jones industrial average was up 341.96 points at 25,504.37. The S&P 500 index was up ... Read More »

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Italy lowers confirmed death toll to 38 in Genoa collapse

By Paolo Santalucia And Frances D'Emilio, The Associated Press on August 16th, 2018

GENOA, Italy – The death toll from the collapse of a highway bridge in the Italian city of Genoa that is already confirmed to have claimed at least 38 lives will certainly rise, a senior official said Thursday. “Unfortunately, the toll will increase, that’s inevitable” as rescuers continued to search tons of rubble for the ... Read More »

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Chinese vice governor, mayor fired over vaccine scandal

By The Associated Press on August 16th, 2018

BEIJING – A Chinese provincial deputy governor and the mayor of a major city were fired Tuesday as the ruling Communist Party tried to defuse public outrage over revelations of misconduct by a major vaccine producer. The officials were among four people ordered dismissed following a meeting of the party’s ruling Standing Committee led by ... Read More »

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Financial advisers say withdrawing from an RESP to pay for school needs a plan

By Craig Wong, The Canadian Press on August 16th, 2018

OTTAWA – Investing in a registered education savings plan may have started when your aspiring scholar was still in diapers and university or college seemed a distant future. But when the time comes to start withdrawing money from RESP accounts to pay for tuition, books and other costs of a post-secondary education, financial advisers say ... Read More »

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RCMP in Burnaby, B.C., say Kinder Morgan protest camp to be dismantled today

By The Canadian Press on August 16th, 2018

BURNABY, B.C. – RCMP say they will enforce a court injunction today and remove Trans Mountain pipeline protesters who have been camped outside a Kinder Morgan terminal in Burnaby, British Columbia. Police in Burnaby say in a release that large structures at the protest camp, known as Camp Cloud, will be dismantled and the area ... Read More »

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