January 15th, 2021

Business

Detour Gold purchase helps drive Kirkland Lake to higher gold production in 2020

By The Canadian Press on January 12th, 2021

CALGARY – Kirkland Lake Gold Ltd. is reporting full-year 2020 gold output of 1.37 million ounces, a 41 per cent increase from 2019 and in line with guidance. The increase in production was driven largely by the all-stock $4.34-billion purchase of Detour Gold Corp. early in the year, which contributed 517,000 ounces from Jan. 31 ... Read More »

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Canadian blueberries no threat to U.S. producers, embassy tells trade commission

By The Canadian Press on January 12th, 2021

WASHINGTON, D.C. – Canada is pushing back against claims that its blueberry exports are hurting U.S. producers. Canadian Embassy officials are making their case today in a hearing with the U.S. International Trade Commission. The commission is looking into complaints by U.S. blueberry producers that imports from several countries, including Canada, are killing their industry. ... Read More »

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Post-secondary students consider skipping fall semester amid pandemic

By Salmaan Farooqui, The Canadian Press on January 12th, 2021

Josephine DiMaurizio’s third year of geology studies at Queen’s University in Kingston, Ont., was meant to be full of hands-on course work, with multiple large field trips and days in the lab. But the COVID-19 pandemic has left her stuck behind a computer for all her classes, with some of her field work cancelled and ... Read More »

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Canada’s major airlines welcome new transport minister amid industry headwinds

By The Canadian Press on January 12th, 2021

OTTAWA – Canada’s airlines welcomed the appointment of Omar Alghabra as the new federal minister of transport today in a statement that emphasized the industry’s continued challenges. Mike McNaney, president and CEO of the National Airlines Council of Canada, which represents the country’s major carriers, said the group is looking forward to working with Alghabra ... Read More »

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Enbridge rejects Michigan’s order to shut down Line 5 pipeline through Great Lakes

By The Canadian Press on January 12th, 2021

TRAVERSE CITY, Mich. – Michigan’s demand that Enbridge Inc. shut down an oil pipeline that runs through a channel linking two of the Great Lakes is based on bad information and political posturing and will be ignored, the Calgary-based company said Tuesday. Democratic Gov. Gretchen Whitmer in November moved to revoke a 1953 state easement ... Read More »

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With Sheldon Adelson’s death, Netanyahu loses key supporter

By Tia Goldenberg, The Associated Press on January 12th, 2021

TEL AVIV, Israel – Israeli Prime Minister Benjamin Netanyahu on Tuesday mourned the passing of U.S. casino magnate Sheldon Adelson, one of Netanyahu’s staunchest American supporters, lauding his efforts to bolster ties between the U.S. and Israel that helped drive pro-Israel policy under the Trump administration. With Adelson’s death, Netanyahu loses a key U.S. backer ... Read More »

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Energy sector helps lift Toronto market in early trading, U.S. stock markets mixed

By The Canadian Press on January 12th, 2021

TORONTO – Gains in the energy sector helped boost Canada’s main stock index in early trading, while U.S. stock markets were mixed. The S&P/TSX composite index was up 30.64 points at 17,965.09. In New York, the Dow Jones industrial average was down 47.55 points at 30,961.14. The S&P 500 index was up 0.70 of a ... Read More »

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Trudeau shuffles cabinet as Bains plans to retire from politics

By The Canadian Press on January 12th, 2021

OTTAWA – Prime Minister Justin Trudeau has conducted a small shuffle of his ministers before holing up later in the day for a cabinet retreat to plot strategy for the resumption of Parliament. The shuffle is due to the departure of Navdeep Bains, who stepped down as innovation minister Tuesday and is not intending to ... Read More »

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Sheldon Adelson, casino mogul and GOP power broker, dies

By The Associated Press on January 12th, 2021

LAS VEGAS – Sheldon Adelson, the billionaire mogul and power broker who built a casino empire spanning from Las Vegas to China and became a singular force in domestic and international politics has died after a long illness, his wife said Tuesday. Miriam Adelson and the Las Vegas Sands Corp. both released statements confirming Adelson’s ... Read More »

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Scotiabank $500 million program to help disadvantaged groups earn economic resilience

By Tara Deschamps, The Canadian Press on January 12th, 2021

TORONTO – Bank of Nova Scotia will spend $500 million over the next decade on a new program that aims to break down barriers to higher education and career advancement for “disadvantaged” groups. The Toronto-based bank announced Tuesday that the ScotiaRISE program will be centred on using funding and partnerships to increase graduation rates and ... Read More »

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