May 22nd, 2015

Business

Toronto stock market slips as crude oil prices move below $60-a-barrel

By The Canadian Press on May 22nd, 2015

TORONTO – The Toronto stock market was moderately lower near midday as crude oil prices and the financial sector pulled back. The S&P/TSX composite dropped 15.16 points to 15,203.61. Energy stocks dropped 0.4 per cent as the July crude contract slipped 85 cents at US$59.87 a barrel. The June gold contract rose $1.40 to US$1,202.50 ... Read More »

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Winds, choppy seas slow efforts to clean up oil that spilled along California coastline

By Brian Melley, The Associated Press on May 22nd, 2015

GOLETA, Calif. – Weather has slowed cleanup efforts at the site of an oil spill that fouled a California shoreline. The National Weather Service says gusty winds are whipping up waves as high as 4 feet early Friday off Santa Barbara County. Several days of calm seas had helped crews. A small watercraft advisory was ... Read More »

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Gordon Eckstein, key player in Livent fraud scandal, reaches OSC settlement

By Alexandra Posadzki, The Canadian Press on May 22nd, 2015

TORONTO – Gordon Eckstein, one of the key players in the Livent Entertainment financial fraud scandal, has been banned from being a director or officer of a public company or an investment firm. A settlement between Eckstein and the Ontario Securities Commission was approved by the provincial regulator today. The settlement allows Eckstein to continue ... Read More »

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QuickList: April inflation rates for Canadian provinces, territories

By The Canadian Press on May 22nd, 2015

OTTAWA – Canada’s national inflation rate was 0.8 per cent in April, Statistics Canada says. Here’s what happened in the provinces and territories. (Previous month in brackets): _ Newfoundland and Labrador,-0.4 (0.4) _ Prince Edward Island, -1.2 (-0.8) _ Nova Scotia, 0.3 (0.5) _ New Brunswick, -0.1 (0.3) _ Quebec, 1.1 (1.5) _ Ontario, 0.8 ... Read More »

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QuickList: April inflation rate for selected Canadian cities

By The Canadian Press on May 22nd, 2015

OTTAWA – Canada’s national annual inflation rate was 0.8 per cent in April, Statistics Canada says. The agency also released rates for major cities, but cautioned that figures may fluctuate widely because they are based on small statistical samples (Previous month in brackets): _ St. John’s, N.L., -0.4 (-0.2) _ Charlottetown-Summerside, -0.9 (-0.6) _ Halifax, ... Read More »

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Low energy prices keep April inflation at 0.8%, lowest since October 2013

By Andy Blatchford, The Canadian Press on May 22nd, 2015

OTTAWA – The country’s annual inflation rate decelerated under the weight of low energy prices to just 0.8 per cent last month – its smallest increase since October 2013, Statistics Canada said Friday. The agency’s April inflation reading, which was released less than a week before the Bank of Canada’s next scheduled interest-rate announcement, was ... Read More »

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Shopify’s success shines bright light on ‘renaissance’ of Ottawa’s tech sector

By Andy Blatchford, The Canadian Press on May 22nd, 2015

OTTAWA – Shopify Inc.’s successful stock-market debut is expected to reverberate well beyond the firm’s Ottawa headquarters – and shine a spotlight on what some see as the second coming of the Canadian capital’s tech sector. Years after part of Ottawa’s once-flourishing tech industry crashed, the software company’s hometown has seen a resurgence of startups ... Read More »

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German business confidence drops slightly in May with increased worries over future

By The Associated Press on May 22nd, 2015

BERLIN – A closely watched survey shows German business confidence has slightly slipped as companies expressed satisfaction with their current situation but increasing worries about the future. The Ifo Institute said Friday its Business Climate Index dipped to 108.5 points for May from 108.6 points the month before. The survey of some 7,000 firms in ... Read More »

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Saskatchewan wrestles with controversial issue of farmland ownership

By Ian Bickis, The Canadian Press on May 22nd, 2015

CALGARY – Saskatchewan Agriculture Minister Lyle Stewart expects to catch an earful when the province’s residents start to weigh in on who should and shouldn’t be allowed to own farmland in Canada’s breadbasket. “There are strong opinions on both sides, and that’s why we’re doing this consultation,” Stewart said in a telephone interview. “We really ... Read More »

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South Korean court suspends prison term for “nut rage” former Korean Air executive

By Youkyung Lee, The Associated Press on May 21st, 2015

SEOUL, South Korea – A South Korean court Friday suspended the prison term of the former Korean Air executive whose onboard “nut rage” tantrum delayed a flight last year, immediately ending her incarceration. Cho Hyun-ah, who is the daughter of the airline’s chairman, did not violate aviation security law when she ordered the chief flight ... Read More »

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Wall shuffles cabinet; Kevin Doherty named new Saskatchewan finance minister

By The Canadian Press on May 21st, 2015

REGINA – Saskatchewan has a new finance minister. Premier Brad Wall has named Kevin Doherty to replace Ken Krawetz, who has said he will not run in the next provincial election. Scott Moe takes over from Doherty as minister of advanced education, while backbencher Herb Cox takes over for Moe as environment minister. Wall has ... Read More »

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