March 28th, 2017

Business

New head of Energy Efficiency Alberta promises agency will have real impact

By Bob Weber, The Canadian Press on March 28th, 2017

EDMONTON – The newly appointed head of Alberta’s first energy efficiency agency says it has enough resources to make a big difference. “We can have real impact in terms of both job creation and energy efficiency, ensuring savings for businesses and households,” Monica Curtis said Tuesday. Energy Efficiency Alberta is funded by the province’s carbon ... Read More »

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Movie studios look to young, diverse audiences for growth

By Lindsey Bahr, The Associated Press on March 28th, 2017

LAS VEGAS – The future of Hollywood movies is in the hands of young and diverse audiences. At CinemaCon Tuesday, studio executives and representatives from the National Association of Theater Owners touted the importance of both groups in growing the movie business. Walt Disney Studios distribution head Dave Hollis said higher ticket prices helped push ... Read More »

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Tribes’ battle over Dakota Access pipeline not over

By Blake Nicholson, The Associated Press on March 28th, 2017

BISMARCK, N.D. – American Indian tribes fighting the $3.8 billion Dakota Access pipeline said Tuesday that the pumping of oil into the pipe under their water source is a blow, but it doesn’t end their legal battle. Industry groups say the imminent flow of oil through the pipeline is good news for energy and infrastructure. ... Read More »

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Trump signs order rolling back environmental efforts

By Matthew Daly And Jill Colvin, The Associated Press on March 28th, 2017

WASHINGTON – President Donald Trump has signed an executive order that will roll back many of former President Barack Obama’s efforts to curb global warming. The order is aimed at helping spur American energy jobs. The president signed the order at the headquarters of the Environmental Protection Agency. Trump says this is “the start of ... Read More »

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US stock indexes move higher as consumer confidence gains

By Alex Veiga, The Associated Press on March 28th, 2017

Financials companies led U.S. stock indexes broadly higher in afternoon trading Tuesday as investors drew encouragement from new data showing strong gains in consumer confidence and U.S. home prices. Energy stocks also rose as crude oil prices headed higher. Utilities were the only laggard. KEEPING SCORE: The Dow Jones industrial average rose 168 points, or ... Read More »

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White House calls for domestic cuts to finance border wall

By Andrew Taylor, The Associated Press on March 28th, 2017

WASHINGTON – President Donald Trump is proposing immediate budget cuts of $18 billion from programs like medical research, infrastructure and community grants so U.S. taxpayers, not Mexico, can cover the down payment on the border wall. The White House documents were submitted to Congress amid negotiations over a catchall spending bill that would avert a ... Read More »

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Trump to unravel Obama’s anti-global warming projects

By Matthew Daly And Jill Colvin, The Associated Press on March 28th, 2017

WASHINGTON – President Donald Trump is expected to sign an executive order Tuesday aimed at moving forward on his campaign pledge to unravel former President Barack Obama’s plan to curb global warming. The order seeks to suspend, rescind or flag for review more than a half-dozen measures in an effort to boost domestic energy production ... Read More »

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Nova Scotia Liberal government plans some tax relief for businesses in budget

By The Canadian Press on March 28th, 2017

HALIFAX – Nova Scotia’s finance minister is promising his pre-election budget will give small businesses tax relief, and reduce regulation costs. Randy Delorey told a Halifax Chamber of Commerce luncheon today he’s raising the threshold that allows businesses to pay the lower small business tax rate. The income threshold is rising to $500,000 from $350,000, ... Read More »

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General Motors rejects investor plan for 2 stock classes

By The Associated Press on March 28th, 2017

DETROIT – General Motors is rejecting a proposal from investor David Einhorn to split its stock into two classes. The company said Tuesday that the plan from Einhorn’s Greenlight Capital hedge fund would eliminate the dividend on existing common stock and create a new dividend-focused security. The proposal would be submitted at GM’s annual shareholders ... Read More »

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North American stock indexes register gains, Canadian dollar up a nudge

By The Canadian Press on March 28th, 2017

TORONTO – North American stock markets have advanced moderately today in late morning trading. The Toronto Stock Exchange’s S&P/TSX composite index was up 88.28 points to 15,594.50 after 90 minutes of trading. That adds to a 63.55-point advance on Monday, after the market reversed early declines. In New York, the Dow Jones industrial average gained ... Read More »

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Shares of Home Capital plunge following news that CEO has been terminated

By The Canadian Press on March 28th, 2017

TORONTO – Shares of Home Capital Group were down Tuesday after the mortgage lender fired its president and CEO. After markets closed Monday, the Toronto-based company announced it was terminating Martin K. Reid effective immediately. Reid had been appointed CEO just over a year ago. Shares of Home Capital were down 7.32 per cent, or ... Read More »

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