November 24th, 2017

Business

Sobeys to cut 800 office jobs as part of reorganization of grocery business

By The Canadian Press on November 24th, 2017

STELLARTON, N.S. – The Sobeys grocery business will be cutting about 800 office jobs across Canada. Its chief executive, Michael Medline, says the job cuts are part of efforts to create one national organization out of five regional businesses. Medline says only office employees are affected by today’s announcement. Besides the Sobeys banner, the company ... Read More »

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Aurora Cannabis follows up greenhouse designer deal with Quebec producer buyout

By Dan Healing, The Canadian Press on November 23rd, 2017

Fast-growing Aurora Cannabis Inc. struck twice Thursday, announcing the purchase of greenhouse design firm Larssen Ltd. in the morning and medical marijuana applicant H2 Biopharma Inc. of Lachute, Que., for up to $25 million in stock after markets closed. The Alberta-based cannabis producer said in the later news release that Larssen’s expertise will “play an ... Read More »

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Record October for new condo sales in Greater Toronto as single-family inventory remains low

By The Canadian Press on November 23rd, 2017

TORONTO – The Building Industry and Land Development Association says the Greater Toronto Area’s supply of newly constructed condos last month hit its highest level since it began tracking that data about 15 years ago. The group says that of the 5,377 new homes sold in the GTA in October, about 91 per cent of ... Read More »

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Internet activist says Trudeau government should enshrine ‘net neutrality’ in law

By David Paddon, The Canadian Press on November 23rd, 2017

TORONTO – Prime Minister Justin Trudeau’s support of “net neutrality” is encouraging but the concept should be enshrined in federal law to protect it from being the dismantled, an open-internet activist said Thursday. The comments came as it appears likely that the U.S. Federal Communications Commission will overturn an Obama-era policy that prevents internet service ... Read More »

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Hydro One considering use of pre-paid meters for electricity

By The Canadian Press on November 23rd, 2017

TORONTO – Hydro One is considering allowing its customers to use pre-paid meters for their electricity use. The proposal is contained within a massive Ontario Energy Board application, which also asks for a rate increase of 0.5 per cent this year and 4.8 per cent next year. The application says the pre-paid meters would minimize ... Read More »

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Toronto stock market near flat and loonie up with U.S. markets closed

By Will be udpated, The Canadian Press on November 23rd, 2017

TORONTO – Canada’s main stock index finished slightly higher today, as U.S. stock markets were closed for their Thanksgiving holiday. The S&P/TSX composite index scraped out 0.72 of a point to advance to 16,074.30. Earlier in the day, the materials and energy sectors had helped push the Toronto market up modestly, as health-care and consumer ... Read More »

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Anti money-laundering centre crunches data in fight against fentanyl

By Jim Bronskill, The Canadian Press on November 23rd, 2017

OTTAWA – Canada’s anti-money laundering agency is helping fight the scourge of fentanyl by tracing the illicit movement of funds tied to the deadly drug. Barry MacKillop, interim director of the federal Financial Transactions and Reports Analysis Centre, says the agency has passed intelligence about the dangerous opioid to law-enforcement partners. Just this week, the ... Read More »

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Las Vegas pot dispensaries offer Black Friday deals

By The Associated Press on November 23rd, 2017

LAS VEGAS – Big box stores won’t be the only ones offering discounts to shoppers in Las Vegas this Black Friday. Marijuana dispensaries in the area are rolling out deals, too. The Las Vegas Sun reports more than 40 dispensaries in the Las Vegas area will offer discounts on marijuana flower products, edibles such as ... Read More »

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Housing plan designed to improve housing affordability, Duclos says

By The Canadian Press on November 23rd, 2017

OTTAWA – The Liberal point man on a new national housing strategy says the government would rather spend money on building and finding homes for low-income Canadians than put cash into more shelter space. The idea, says Social Development Minister Jean-Yves Duclos, is that fewer Canadians will be or become homeless over time as a ... Read More »

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Winnipeg Free Press rolls out marijuana news site The Leaf to attract readers

By The Canadian Press on November 23rd, 2017

The editor of the Winnipeg Free Press says its specialized cannabis news website called The Leaf is generating quite a “buzz” since launching earlier this week. Paul Samyn says the newspaper thinks there is a growing national and Manitoba reader appetite for news about marijuana as Canada moves toward legalization of recreational pot use next ... Read More »

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Potent greenhouse gas methane could be cut for ‘near-zero’ cost: study

By The Canadian Press on November 23rd, 2017

OTTAWA – Canada’s oilpatch could get a big head start on reducing emissions of a powerful greenhouse gas for a “near zero” cost, says an academic study on the price of methane reduction. “Industry, as a whole, doesn’t suffer,” said David Tyner, a Carleton University professor whose analysis was presented recently at a conference in ... Read More »

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