October 16th, 2017

Business

NewsAlert:Bombardier Inc. to partner with Airbus on CSeries program

By The Canadian Press on October 16th, 2017

MONTREAL – Bombardier Inc. has announced it will partner with Netherlands-based aerospace giant Airbus on its CSeries program... Read More »

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Morneau’s credibility on the line as Liberals hit reset button on tax reforms

By Joan Bryden, The Canadian Press on October 16th, 2017

OTTAWA – Justin Trudeau hit the reset button on his government’s controversial small-business tax reforms Monday but the awkward spectacle of the prime minister sidelining his finance minister, along with mushrooming questions about Bill Morneau’s personal financial arrangements, suggests the political crisis roiling Liberal ranks isn’t over just yet. Indeed, the controversy has morphed into ... Read More »

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Ride-sharing law a year away in B.C. as government hires expert to consult

By The Canadian Press on October 16th, 2017

VICTORIA – Legislation allowing ride-sharing in British Columbia is a year away after the province hired an expert today to consult on the best way forward. Transportation Minister Claire Trevena says Dan Hara, who has over two decades of experience, will consult and prepare the taxi industry for services like Uber and Lyft. Trevena says ... Read More »

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NewsAlert: TMX Group cracks down on marijuana companies that violate U.S. federal laws

By The Canadian Press on October 16th, 2017

TORONTO – The TMX Group, the company that operates the Toronto Stock Exchange and the TSX Venture, says companies with business activities that violate U.S. federal law regarding marijuana could undergo a delisting review at the discretion of the ... Read More »

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U.S. court dismisses Resolute’s racketeering suit against Greenpeace

By The Canadian Press on October 16th, 2017

MONTREAL – A U.S. court has dismissed a racketeering lawsuit launched by Resolute Forest Products against Greenpeace and other environmental groups. The United States District Court for the Northern District of California dismissed claims filed against Greenpeace, Stand.earth and individuals under the Racketeer Influenced and Corrupt Organizations Act (RICO). Judge Jon Tigar wrote that the ... Read More »

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U.S. State Department issues presidential permit for Enbridge line 67

By The Canadian Press on October 16th, 2017

CALGARY – The U.S. State Department has issued a presidential permit allowing Enbridge Inc. (TSX:ENB) to ship more oil on its Line 67 pipeline after a five-year review. Enbridge says it welcomes the news, which will allow it to ramp up the flow on the line – also know as Alberta Clipper – to as ... Read More »

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Regulators set rules for cross-border pot listings, opens flood gates

By The Canadian Press on October 16th, 2017

TORONTO – The Canadian Securities Administrators set out “specific disclosure expectations” for marijuana industry firms with investments in the U.S., offering much-anticipated clarity for companies that operate on both sides of the border. The umbrella organization for Canada’s provincial and territorial securities regulators put out a staff notice, saying that cannabis companies must tell investors ... Read More »

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NewsAlert: Regulators set rules for cross-border pot listings, opens flood gates

By The Canadian Press on October 16th, 2017

TORONTO – The Canadian Securities Administrators set out guidelines for marijuana industry firms with investments in the U.S., offering much-anticipated clarity. More coming... Read More »

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Toronto stock index dips, loonie down, as Wall Street nudges to record high

By David Hodges, The Canadian Press on October 16th, 2017

TORONTO – Canada’s main stock index dipped into the red Monday as minor U.S. stock movements saw Wall Street hit a new record high. The Toronto Stock Exchange’s S&P/TSX composite index was down 4.47 points to 15,802.7. The commodity-heavy TSX had been up earlier in the trading day, with some of the lift coming from ... Read More »

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Hernandez lawyers refile CTE suit against NFL in state court

By The Associated Press on October 16th, 2017

DEDHAM, Mass. – Lawyers for late New England Patriots tight end Aaron Hernandez have refiled a lawsuit against the NFL. The attorneys filed a federal lawsuit last month after Hernandez had killed himself in prison and an autopsy had revealed he had chronic traumatic encephalopathy (ehn-sehf-uh-LAH’-puh-thee), a degenerative brain disease found in people who’ve suffered ... Read More »

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Toronto stock index dips, Wall Street nudges to record highs

By The Canadian Press on October 16th, 2017

TORONTO – Canada’s main stock index dipped into the red Monday as Wall Street nudged upward. The Toronto Stock Exchange’s S&P/TSX composite index was down 4.47 points to 15,802.70. South of the border, it was a day of record highs for New York stock indices. The Dow Jones industrial average advanced 85.24 points to 22,956.96. ... Read More »

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