July 21st, 2018

Business

Didi, SoftBank set up taxi-hailing joint venture in Japan

By Yuri Kageyama, The Associated Press on July 19th, 2018

TOKYO – Chinese mobile service giant Didi Chuxing and Tokyo-based SoftBank Corp. have set up a joint venture for taxi-hailing in Japan. The companies announced the plan Thursday for a service that will use artificial intelligence and data analysis on a technology platform available for free to all taxi companies in Japan. The service will ... Read More »

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Saputo Inc. sells Australian dairy operations for $244 million

By The Canadian Press on July 18th, 2018

MONTREAL – Canadian cheese and dairy giant Saputo Inc. has sold one of its production plants in Australia to local rival Bega Cheese for $244 million. The sale of the Koroit plant was a condition set by Australia’s competition regulators in April when it approved Saputo’s $1.3 billion takeover of the Murray Goulburn Co-operative. Keeping ... Read More »

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EU ruling against Google opens ‘opportunity,’ rival says

By Ryan Nakashima And Raf Casert, The Associated Press on July 18th, 2018

BRUSSELS – European regulators’ latest swipe at the dominance of U.S. tech giant Google could open new opportunities for rivals in search and web browsers – that is, if handset manufacturers decide to make the most of the opening. The European Commission on Wednesday fined Google a record $5 billion for forcing cellphone makers that ... Read More »

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Hydrogen sulfide leak at Suncor refinery sends workers to hospital

By The Canadian Press on July 18th, 2018

EDMONTON – A number of people at Suncor’s refinery in Edmonton were sent to hospital after a toxic gas was released at the facility. Suncor spokeswoman Erin Rees says company crews responded to a release of hydrogen sulfide at around noon on Wednesday. Rees says a number of employees and contractors were in the vicinity ... Read More »

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B.C. homeowner groups can fine defiant short-term rental hosts $1,000 a day

By The Canadian Press on July 18th, 2018

VANCOUVER – Homeowners groups in British Columbia will soon be able to fine owners or residents up to $1,000 a day for defying the corporation’s bylaws on short-term rentals. The B.C. government says the regulations for the so-called strata corporations will be changed as of Nov. 30 to help the associations address short-term rentals, such ... Read More »

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City of Burnaby issues eviction notice to protesters at Kinder Morgan terminal

By The Canadian Press on July 18th, 2018

BURNABY, B.C. – The City of Burnaby is evicting protesters from a make-shift camp set up outside one of Kinder Morgan’s terminals, citing fire safety and public health concerns. City manager Lambert Chu says the city is worried about how the footprint of the site, dubbed Camp Cloud, has grown to include a two-level wood ... Read More »

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Detour Gold raises securities law concerns over Paulson and Co. statements

By The Canadian Press on July 18th, 2018

TORONTO – Detour Gold Corp. says it has raised concerns with securities regulators about statements by a U.S. hedge fund. The mining company says it notified the Ontario Securities Commission of alleged “concerning and unlawful behaviour” by Paulson and Co., which it says is meant to pressure the board into a quick sale of the ... Read More »

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PM’s pre-election shuffle eyes border, trade and bruising provincial relations

By Andy Blatchford, The Canadian Press on July 18th, 2018

OTTAWA – Justin Trudeau has unveiled his pre-election cabinet in a shuffle designed to showcase new faces and to address increasingly troublesome files – from border security, to trade promotion, to the potential for bare-knuckle scraps with the provinces. In Wednesday’s shuffle, the prime minister gave new portfolios to six ministers and expanded his cabinet ... Read More »

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B.C. homeowner groups can fine defiant Airbnb hosts up to $1,000 a day

By The Canadian Press on July 18th, 2018

VANCOUVER – Homeowners groups in British Columbia will soon be able to fine owners or residents up to $1,000 a day for defying the corporation’s bylaws on short-term rentals. The B.C. government says the regulations for the so-called strata corporations will be changed as of Nov. 30 to help the associations address short-term rentals, such ... Read More »

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Kinder Morgan Canada earns $13.7 million in Q2 in 45 per cent drop

By The Canadian Press on July 18th, 2018

CALGARY – Kinder Morgan Canada Ltd. says it had a net income of $13.7 million in the second quarter, down from $25.1 million for the same quarter last year. Net income for restricting voting stockholders came in at $1.8 million or two cents per share, compared with $4.2 million or 11 cents per share for ... Read More »

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