November 21st, 2019

Business

Slow economic growth bad for Canada’s foreign policy goals: experts

By The Canadian Press on November 19th, 2019

OTTAWA – Canada’s slow economic growth and competitiveness is undercutting its global interests, experts say, as the post “sunny ways” version of the Trudeau government’s foreign policy emerges Wednesday with the announcement of a new cabinet. The key moving parts could include a replacement for Foreign Affairs Minister Chrystia Freeland, who might be given a ... Read More »

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Federal Liberal government urged to intervene to end CN Rail strike

By The Canadian Press on November 19th, 2019

OTTAWA – The first order of business for Prime Minister Justin Trudeau’s new cabinet could be a decision on whether to intervene in a rail strike that a growing number of industries say could trigger layoffs, closures and cost millions. The Liberals are being urged to step in and end the strike by roughly 3,200 ... Read More »

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Investor vows to vote against Encana moving HQ from Calgary to Denver

By The Canadian Press on November 19th, 2019

CALGARY – A Canadian investment management firm with a four per cent stake in Calgary-based Encana Corp. says it will vote against Encana’s plan to move its headquarters to the United States. Letko, Brosseau & Associates Inc. says the planned move to Denver would lead to Encana’s removal from S&P/TSX stock indexes. That would mean ... Read More »

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Industry raises alarm over strike as feds urge CN and union to keep talking

By Christopher Reynolds, The Canadian Press on November 19th, 2019

MONTREAL – A growing number of industries are sounding the alarm over a strike by roughly 3,200 Canadian National Railway Co. workers, warning the work stoppage will dent revenues and could trigger layoffs and closures. The Teamsters Canada Rail Conference announced the strike Monday night after the two parties failed to reach a deal by ... Read More »

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Bank of Canada senior deputy governor says global economic picture has worsened

By The Canadian Press on November 19th, 2019

MONTREAL – The global economic picture has worsened, increasing risks to global growth and chances of financial stress that could spill over into Canada, the senior deputy governor of the Bank of Canada said Tuesday. In a speech to the International Finance Club of Montreal, Carolyn Wilkins said the Bank of Canada isn’t predicting a ... Read More »

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TC Energy eyes options to ramp up Keystone volumes despite pressure limit

By Dan Healing, The Canadian Press on November 19th, 2019

CALGARY – TC Energy Corp. is looking at “optimizing” unaffected parts of its Keystone pipeline and will use drag reducing agents to ease volume losses following a spill in North Dakota, Paul Miller, vice-president of liquids pipelines, reported Tuesday. The pipeline was restarted at lower pressure and capacity last week after being offline for almost ... Read More »

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Big industry raises alarm over strike as feds urge CN and union to keep talking

By Christopher Reynolds, The Canadian Press on November 19th, 2019

MONTREAL – A growing number of industries are sounding the alarm over a strike by roughly 3,200 Canadian National Railway Co. workers, warning the work stoppage will dent revenues and could trigger layoffs and closures. The Teamsters Canada Rail Conference announced the strike Monday night after the two parties failed to reach a deal by ... Read More »

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OSC moving forward with 107 initiatives to simplify capital markets burden

By The Canadian Press on November 19th, 2019

TORONTO – Ontario’s securities regulator says it will allow small and medium-sized firms to outsource compliance functions as part of more than 100 actions designed to simplify the burden to do business in the province’s capital markets. The Ontario Securities Commission says the changes announced Tuesday will result in enhanced service levels, less duplication and ... Read More »

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Buying your first stock requires lots of research before you take the plunge

By Tara Deschamps, The Canadian Press on November 19th, 2019

When Robin Speziale entered Grade 10, his teacher dropped a business newspaper on a desk in front of his class and asked each student to circle a stock to spend the semester tracking. While most classmates lost interest when the term ended, Speziale was enamoured. By 30, the Toronto man had built a stock portfolio ... Read More »

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Falling energy sector leads TSX in broad-based decline as oil prices dip

By The Canadian Press on November 19th, 2019

TORONTO – Canada’s main stock index fell in late-morning trading on a broad-based decline led by the energy sector as the price of oil fell. The S&P/TSX composite index was down 49.87 points at 16,975.24. In New York, the Dow Jones industrial average was down 62.51 points at 27,973.71. The S&P 500 index was down ... Read More »

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