February 17th, 2019

Business

Trump-dominated board to close coal plant, despite his plea

By Adam Beam, The Associated Press on February 14th, 2019

FRANKFORT, Ky. – A federal utility board voted Thursday to close a coal-fired power plant in Kentucky, rejecting pleas from President Donald Trump and U.S. Senate Majority Leader Mitch McConnell and handing the coal industry a defeat in its backyard. The Tennessee Valley Authority voted to retire the remaining coal-fired unit by December 2020 at ... Read More »

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‘This case is disturbing:’ N.S. judge rebukes lawyer who overcharged client

By The Canadian Press on February 14th, 2019

SYDNEY, N.S. – A Nova Scotia judge has rebuked a Sydney lawyer for overcharging a single father whose young children were badly injured after being hit by a vehicle in a crosswalk. In a ruling released Thursday, Justice Frank Edwards said lawyer Duncan MacEachern’s requested fee was not reasonable and he did not treat his ... Read More »

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Ford to keep seeking efficiencies despite FAO warning of limited chances to cut spending

By Shawn Jeffords, The Canadian Press on February 14th, 2019

TORONTO – Doug Ford vowed Thursday to keep seeking so-called efficiencies to balance the budget after the province’s financial watchdog said Ontario had limited opportunities to cut already low government spending. The Progressive Conservatives have said the deficit for 2018-19 is projected to be $13.5 billion, although opposition politicians have accused the government of inflating ... Read More »

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Doug Ford announces $40M for Ontario auto sector plan

By Allison Jones, The Canadian Press on February 14th, 2019

WOODBRIDGE, Ont. – Ontario is putting $40 million over three years into a new plan for the auto sector, including funding for innovation and training. The money is part of a 10-year plan for strengthening the auto sector’s competitiveness, which comes as General Motors plans to shut down a plant in Oshawa, Ont., at the ... Read More »

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Opposition, B.C. New Democrat both ask conflict commissioner for ruling

By The Canadian Press on February 14th, 2019

VICTORIA – B.C.’s Opposition Liberals and the New Democrat member of the legislature who is accused of a conflict of interest have both asked the province’s conflict commissioner to intervene in a complaint. The Liberals say NDP Delta North member of the legislature Ravi Kahlon should not be part of a committee that influences recommendations ... Read More »

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Bombardier turns annual profit for first time in five years as train woes persist

By Christopher Reynolds, The Canadian Press on February 14th, 2019

MONTREAL – Bombardier Inc. turned a profit in 2018 for the first time in five years as its business jet unit delivered, catapulting its share price despite several train project derailments and weak transportation results. The plane-and-train maker said it pocketed a net income of US$318 million in 2018, compared to annual losses that ranged ... Read More »

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TransCanada profit and revenue rise as oil and gas pipeline flows strengthen

By Dan Healing, The Canadian Press on February 14th, 2019

CALGARY – Higher volumes from its growing stable of oil and gas pipelines in the United States and Canada drove improvements in fourth-quarter earnings, TransCanada Corp. reported Thursday. Oil and gas production growth in the U.S. and full oil pipelines in Alberta – where the provincial government has enacted production cuts to free up pipeline ... Read More »

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Lawyers make pitches to represent QuadrigaCX creditors in N.S. court

By Michael MacDonald, The Canadian Press on February 14th, 2019

HALIFAX – More than a dozen lawyers converged on a Halifax courtroom Thursday to make their pitches to represent creditors owed $260 million in the QuadrigaCX cryptocurrency debacle. In all, three teams of lawyers have applied to the Nova Scotia Supreme Court to represent 115,000 cryptocurrency traders owed $70 million in cash and $190 million ... Read More »

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Prominent art dealer sentenced to prison for tax fraud

By The Associated Press on February 14th, 2019

NEW YORK – A prominent New York City art dealer once accused by Alec Baldwin of fraud has been sentenced to 2 1/2 years in prison after admitting she evaded paying over $3 million in federal taxes. Mary Boone dropped her face into open hands as the judge announced the sentence Thursday in Manhattan. Her ... Read More »

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Prices and coverage at heart of Liberals’ pharmacare plans

By Andy Blatchford, The Canadian Press on February 14th, 2019

OTTAWA – As he lays the groundwork for the Liberals’ last budget before the fall election, federal Finance Minister Bill Morneau has been highlighting two themes for a national drug plan: the twin drives for lower costs and wider access. Drugs are the fastest-growing component in health spending in Canada, according to the Canadian Institute ... Read More »

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