June 27th, 2019

Business

Iran says ‘idiotic’ new US sanctions shut doors of diplomacy

By Nasser Karimi And Jon Gambrell, The Associated Press on June 25th, 2019

TEHRAN, Iran – Iran warned Tuesday that new U.S. sanctions targeting its supreme leader and other top officials meant “closing the doors of diplomacy” between Tehran and Washington amid heightened tensions, even as the country’s president derided the White House as being “afflicted by mental retardation.” President Hassan Rouhani went on to call the sanctions ... Read More »

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US new-home sales fell 7.8% in May

By Josh Boak, The Associated Press on June 25th, 2019

WASHINGTON – Sales of new U.S. homes slumped 7.8% in May, as sales plunged in the pricier Northeastern and Western markets. The Commerce Department said Tuesday that new homes sold at a seasonally adjusted annual rate of 626,000 in May, down from 679,000 in April. During the first five months of the year, purchases of ... Read More »

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SpaceX launches hefty rocket with 24 satellites

By Marcia Dunn, The Associated Press on June 25th, 2019

CAPE CANAVERAL, Fla. – SpaceX launched its heftiest rocket with 24 research satellites Tuesday, a middle-of-the-night rideshare featuring a deep space atomic clock, solar sail, a clean and green rocket fuel testbed, and even human ashes. It was the third flight of a Falcon Heavy rocket, but the first ordered by the military. The Defence ... Read More »

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Statistics Canada reports wholesale sales rose 1.7 per cent in April

By The Canadian Press on June 25th, 2019

OTTAWA – Statistics Canada says wholesale sales increased 1.7 per cent to $65.3 billion in April, boosted by the motor vehicle and motor vehicle parts and accessories subsector. The result topped the 0.2 per cent gain that had been expected on average by economists, according to Thomson Reuters Eikon. Sales were up in five of ... Read More »

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Bombardier sells regional jet business to Japanese firm Mitsubishi

By The Canadian Press on June 25th, 2019

MONTREAL – Bombardier Inc. has signed a deal to sell its regional jet program to Mitsubishi Heavy Industries Ltd. Under the deal, Mitsubishi will pay US$550 million in cash and assume liabilities totalling about US$200 million. The Japanese company will acquire the maintenance, support, refurbishment, marketing and sales activities for the CRJ Series aircraft. The ... Read More »

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Top Austrian court says Ukrainian oligarch can be sent to US

By The Associated Press on June 25th, 2019

VIENNA – Austria’s Supreme Court of Justice has ruled that a Ukrainian oligarch who prosecutors say had business ties to President Donald Trump’s ex-campaign manager, Paul Manafort, can be extradited to the United States in a bribery case. Judges on Tuesday upheld a lower court’s ruling that Dymitro Firtash, who was arrested in Austria in ... Read More »

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Controversial columnist Margaret Went takes buyout from Globe and Mail

By The Canadian Press on June 24th, 2019

TORONTO – Globe and Mail columnist Margaret Wente is among several reporters to take a voluntary buyout as the newspaper looks to trim $10 million from its annual budget. Wente confirmed in an email on Monday that she accepted a buyout package as part of a company program announced in early May. “I’ll be leaving ... Read More »

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Garneau approves sale of WestJet to Onex at price reduced by 737 Max issues

By The Canadian Press on June 24th, 2019

CALGARY – Federal Transport Minister Marc Garneau has given his approval to the proposed $3.5-billion acquisition of WestJet Airlines by Onex Corp. The Calgary-based airline says the minister determined the deal doesn’t raise public-interest issues for national transportation. WestJet and Onex entered into a friendly deal last month to pay $31 per share cash for ... Read More »

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B.C.’s Blackwater gold and silver mine gets environmental approval

By The Canadian Press on June 24th, 2019

VICTORIA – An environmental assessment certificate has been granted for the Blackwater gold mine southwest of Vanderhoof, B.C. A joint news release from the Ministry of Environment and Ministry of Mines says the decision came after considering the report from the Environmental Assessment Office and submissions from Indigenous Nations. The proposed New Gold Inc. open-pit ... Read More »

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Trump signs order that aims to reveal real health care costs

By Ricardo Alonso-Zaldivar, The Associated Press on June 24th, 2019

WASHINGTON – President Donald Trump signed an executive order Monday that calls for upfront disclosure by hospitals of actual prices for common tests and procedures to help keep costs down . The idea is to give patients practical information that they can use to save money. For example, if a hospital charges your insurer $3,500 ... Read More »

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