August 31st, 2015

Business

State Dept. releases 7,121 pages of emails; 125 emails contain now-classified information

By Matthew Lee And Lisa Lerer, The Associated Press on August 31st, 2015

WASHINGTON – The State Department released 7,121 pages of Hillary Rodham Clinton’s emails Monday, including about 125 emails that have been censored because they contain information that is now deemed classified. Department officials said the redacted information was classified in preparation for the public release of the emails and not identified as classified at the ... Read More »

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State Dept. releases 7,000 pages of emails; 150 emails contain now-classified information

By Matthew Lee And Lisa Lerer, The Associated Press on August 31st, 2015

WASHINGTON – The State Department released roughly 7,000 pages of Hillary Rodham Clinton’s emails Monday, including about 150 emails that have been censored because they contain information that is now deemed classified. Department officials said the redacted information was classified in preparation for the public release of the emails and not identified as classified at ... Read More »

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Alberta faces $5.9B deficit; minister says that may grow if oil stays low

By Dean Bennett, The Canadian Press on August 31st, 2015

EDMONTON – Alberta’s finance minister says the province is on track for a record $5.9-billion deficit this year as the oil crunch hits families and businesses. And Joe Ceci says the worst may not be over if low oil prices persist and the province continues in recession. “If current conditions continue, the final deficit will ... Read More »

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Business Highlights

By The Associated Press on August 31st, 2015

___ Investors are fleeing once-popular emerging markets NEW YORK (AP) – If you think investors in U.S. stocks have had it rough, consider the hapless folks who followed Wall Street’s advice to buy emerging-market stocks. The MSCI Emerging Markets index has lost 25 per cent over the past year, while the most widely held U.S. ... Read More »

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Energy demands meet competing supply options as premiers, governors gather

By Sue Bailey, The Canadian Press on August 31st, 2015

ST. JOHN’S, N.L. – New England’s growing need for more affordable, cleaner electricity met competing Canadian solutions as eastern governors and premiers gathered Monday. Quebec Premier Philippe Couillard quoted one of his predecessors, Robert Bourassa, as he summed up the dilemma for the six governors attending the annual conference of regional leaders in St. John’s, ... Read More »

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TSX closes lower after week of volatility despite surge in oil prices

By The Canadian Press on August 31st, 2015

TORONTO – The Toronto Stock Exchange ended the day down slightly despite a boost in oil prices. The S&P/TSX composite index closed down 5.95 points at 13,859.12, with the utilities subsector the biggest loser on the day. The Dow Jones industrial average closed down 114.98 points at 16,528.03, while the broader S&P 500 index fell ... Read More »

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Saskatchewan projecting $292M deficit; province blames wildfires, low oil prices

By The Canadian Press on August 31st, 2015

REGINA – Saskatchewan is forecasting a $292-million deficit this year due to low oil prices and the cost of fighting wildfires that forced thousands of people from their homes this summer. Finance Minister Kevin Doherty announced the red ink in the province’s first-quarter report for the 2015-16 fiscal year. The government projected a $100-million surplus ... Read More »

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Alberta facing $5.9B deficit as economy and spending slow down: fiscal update

By The Canadian Press on August 31st, 2015

EDMONTON – Alberta’s finance minister says the province is on track to record a $5.9-billion deficit this year as the oil crunch hits families and businesses. Joe Ceci has released figures for the first three months of the 2015-16 fiscal year which began April 1. Revenue for the year is forecast at $44.3 billion, driven ... Read More »

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SkyGreece majority owner apologizes for grounding, stranding passengers

By Ross Marowits, The Canadian Press on August 31st, 2015

MONTREAL – The majority owner of SkyGreece Airlines says he’s sorry for the airline’s grounding that has stranded about 1,000 passengers. “It’s very, very, very bad but it’s beyond my control,” Ken Stathakis said in a telephone interview from Toronto. “I cannot help it, I couldn’t do anything. I’m very, very sorry.” Stathakis, who also ... Read More »

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TSX lower despite surge in oil prices; New York retreats on interest rate fears

By Brian McKenna, The Canadian Press on August 31st, 2015

TORONTO – The Toronto Stock Exchange turned lower to start the week as not even a surge in oil prices was enough to overcome lingering fears of a slowdown in China and rising interest rates in the United States. At midafternoon, the S&P/TSX composite index was down 82.90 points at 13,782.17, although well off is ... Read More »

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Tweed Marijuana has first profitable quarter on higher sales and margins

By The Canadian Press on August 31st, 2015

SMITHS FALLS, Ont. – Tweed Marijuana Inc. (TSXV:TWD) is reporting its first profitable quarter since receiving a federal licence to produce and sell medical cannabis. The Ontario-based company earned a net profit of $1 million or two cents per share in the three months ended June 30. A year earlier, it had a net loss ... Read More »

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