June 24th, 2018

Business

Best year ever for B.C. Ferries vehicle traffic, foot traffic also surges

By The Canadian Press on June 19th, 2018

VICTORIA – BC Ferries’ year-end results show vehicle traffic was higher than ever last year, resulting in consolidated net earnings of $59.9 million. The company says in a news release that fiscal 2018 also had the highest level of passenger traffic in two decades. Ferries president Mark Collins says the strong fiscal performance helps the ... Read More »

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Trump raises risk of economically harmful US-China trade war

By Paul Wiseman And Zeke Miller, The Associated Press on June 19th, 2018

WASHINGTON – The United States and China edged closer Tuesday to triggering the riskiest trade war in decades, a fight that could weaken the world’s two largest economies, unsettle relations between Beijing and Washington and crimp global growth. The collateral damage could be widespread. If the tariffs the two countries have threatened to slap on ... Read More »

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A by-the-numbers look at what 5G wireless could mean for Canada’s economy

By The Canadian Press on June 19th, 2018

OTTAWA – A study commissioned by the Canadian Wireless Telecommunications Association lays out the potential benefits from the deployment of powerful, ultra-fast 5G wireless networks. A look at the findings in the Accenture report, by the numbers: $40 billion: Estimated economic growth from the adoption of 5G technology by 2026. $26 billion: Amount estimated to ... Read More »

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Feds take aim at terrorist use of cryptocurrencies, prepaid cards

By The Canadian Press on June 19th, 2018

OTTAWA – Proposed new federal measures take aim at shadowy payments made by terrorists and money launderers using virtual currencies and prepaid credit cards. The planned regulations would help close loopholes in Canada’s anti-money laundering regime and address shortcomings pointed out by an international watchdog. The government says virtual currencies are increasingly being used to ... Read More »

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Some fear changes to state laws as US weighs pot medicine

By Kathleen Foody And P. Solomon Banda, The Associated Press on June 19th, 2018

COLORADO SPRINGS, Colo. – Some American parents who for years have used cannabis to treat severe forms of epilepsy in their children are feeling more cautious than celebratory as U.S. regulators near a decision on whether to approve the first drug derived from the marijuana plant. The U.S. Food and Drug Administration is expected to ... Read More »

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In tit-for-tat, Trump threatens more tariffs against China

By Zeke Miller And Jeff Karoub, The Associated Press on June 19th, 2018

WASHINGTON – President Donald Trump has directed the U.S. Trade Representative to prepare new tariffs on $200 billion in Chinese imports as the two nations move closer to a trade war. In response, China has threatened what it called “comprehensive measures,” raising the risk that it would target major American companies operating in China. Trump’s ... Read More »

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Canadians at risk of being ‘data cows’ absent big data strategy, documents show

By The Canadian Press on June 19th, 2018

OTTAWA – Federal officials are being warned that artificial intelligence could give internet giants like Facebook and Amazon even more power to reshape the Canadian economy, threatening the viability of domestic businesses. A December presentation to senior civil servants said that Canadian companies were losing ownership of and access to data to the likes of ... Read More »

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IBM computer proves formidable against 2 human debaters

By Matt O'Brien, The Associated Press on June 19th, 2018

SAN FRANCISCO – An argumentative computer proved formidable against two human debaters as IBM gave its first public demonstration of new artificial intelligence technology it’s been working on for more than five years. The new skills show that computers are getting better at mastering human language and speech. The computer made its case for government-subsidized ... Read More »

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Trump assails Canadian tariffs, accuses people of smuggling U.S. goods home

By The Canadian Press on June 19th, 2018

OTTAWA – U.S. President Donald Trump is accusing Canadians of buying products south of the border, then sneaking them back home – all because of what he calls “massive” tariffs on American goods. Trump, speaking to a gathering of small business owners in Washington, is railing again against the North American Free Trade Agreement, saying ... Read More »

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Better prices and new pipelines expected to drive higher Canadian crude output

By The Canadian Press on June 19th, 2018

CALGARY – The Canadian Energy Research Institute says a pipeline capacity gap that is impeding the movement of Western Canada’s crude to market will close by 2021 and there will be surplus capacity from about 2022 until 2030. In a forecast based on financial modelling, the Calgary-based think-tank calls for the Enbridge Line 3 and ... Read More »

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