January 24th, 2017

Business

Trump makes good on promise to pull U.S. out of Trans-Pacific Partnership

By Mike Blanchfield, The Canadian Press on January 23rd, 2017

OTTAWA – Setting itself apart from a never-say-die Japan, Canada resigned itself to the death of the Trans-Pacific Partnership on Monday after President Donald Trump made good on his promise to pull the United States out of the trade pact. Trump called getting out of the TPP “a great thing for the American workers” as ... Read More »

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Chan Zuckerberg Initiative signs deal to acquire Toronto tech company Meta

By The Canadian Press on January 23rd, 2017

TORONTO – A philanthropic organization set up by Facebook founder Mark Zuckerberg and his wife Priscilla Chan has signed a deal to acquire Toronto tech company Meta. Financial terms of the deal, announced by venture capital firm iGan Partners, an early Meta backer, were not immediately available. Zuckerberg and Chan set up the Chan Zuckerberg ... Read More »

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Pipeline breach southeast of Regina leaks 200,000 litres of crude oil

By The Canadian Press on January 23rd, 2017

STOUGHTON, Sask. – A pipeline has leaked about 200,000 litres of crude oil onto agricultural land in southeastern Saskatchewan. Government spokeswoman Kathy Young says the spill site 10 kilometres north of Stoughton is in a low-lying area with a frozen slough. She says about 170,000 litres of the spill have been recovered and the oil ... Read More »

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Stock markets decline as Donald Trump meets with business leaders, talks trade

By The Canadian Press on January 23rd, 2017

TORONTO – North American stock markets pulled back amid lower crude prices while investors took a pause from recent highs as Donald Trump settled into his new role as U.S. president. In Toronto, the S&P/TSX composite index fell 67.75 points to 15,480.13, led by declines in energy and grocery stocks. South of the border, the ... Read More »

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The Latest: Trump meets with labour leaders at White House

By The Associated Press on January 23rd, 2017

WASHINGTON – The Latest on President Donald Trump (all times local): 3:30 p.m. President Donald Trump is telling union leaders that he is redoing the nation’s trade deals “to put a lot of people back to work.” Trump convened a meeting of about a dozen labour leaders Monday at the White House. He noted that ... Read More »

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B.C. aims for diversified economy, as jobs targets missed on mines and LNG

By The Canadian Press on January 23rd, 2017

VICTORIA – Premier Christy Clark says her government’s retooled jobs plan aims to make British Columbia the most diversified economy in Canada. The premier admitted during a five-year update on her jobs plan that the government missed previous targets for students, on growth in mines and for the liquefied natural gas industry. Clark says diversification, ... Read More »

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The Latest: Trump to visit Pentagon to discuss IS effort

By The Associated Press on January 23rd, 2017

WASHINGTON – The Latest on President Donald Trump (all times local): 3 p.m. President Donald Trump will visit the Department of Defence Friday to review the anti-Islamic State policy. White House press secretary Sean Spicer said Monday that the president will visit the Pentagon to attend a ceremony for his newly confirmed defence secretary, retired ... Read More »

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Vancouver’s housing market third most expensive in the world: survey

By The Canadian Press on January 23rd, 2017

VANCOUVER – An annual international survey rates Vancouver as the third least affordable housing market on the planet and it also has a warning about Toronto housing. The 2017 Demographia International Housing Affordability Survey gives Vancouver a rating of 11.8, meaning median home prices are 11.8 times higher than median household income. Only Hong Kong, ... Read More »

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Canada needn’t be ‘enormously worried’ about U.S. trade reset: Trump offcial

By Lauren Krugel, The Canadian Press on January 23rd, 2017

CALGARY – Canada is well regarded south of the border, so Prime Minister Justin Trudeau need not be “enormously worried” about a looming overhaul in U.S. trade policy under Donald Trump, an adviser to the new administration said Monday. Stephen Schwarzman, who leads the president’s Strategic and Policy Forum, said Canada will be in a ... Read More »

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The Latest: Spicer says WH intends ‘never to lie to you’

By The Associated Press on January 23rd, 2017

WASHINGTON – The Latest on President Donald Trump (all times local): 2:25 p.m. White House press secretary Sean Spicer is saying the Trump administration’s “intention is never to lie to you.” Spicer faced questions Monday during his first briefing after his angry statement in which he denounced the media’s correct reporting that the crowd at ... Read More »

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The Latest: Trump to meet car executives

By The Associated Press on January 23rd, 2017

WASHINGTON – The Latest on President Donald Trump (all times local): 2:07 p.m. President Donald Trump will be hosting breakfast at the White House with heads of some of the nation’s largest automobile manufacturers. White House press secretary Sean Spicer said Monday that Trump would host executives at Ford, GM and Chrysler the following day. ... Read More »

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