August 22nd, 2017

Business

Lawyers argue about which competing bid for Winnipeg Sears store should proceed

By The Canadian Press on August 22nd, 2017

TORONTO – Lawyers representing Sears employees and pensioners argue that a Toronto judge should allow a last-minute bid from one of Canada’s largest retail space owners to purchase a Sears store in Winnipeg, even though the insolvent retailer already has a deal in place. The court will decide whether to allow RioCan Real Estate Investment ... Read More »

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Treasury head’s wife lambasts ‘adorably out of touch’ critic

By The Associated Press on August 22nd, 2017

WASHINGTON – Louise Linton, the wife of Treasury Secretary Steven Mnuchin, blasted as “adorably out of touch” a person who criticized her Instagram post in which Linton depicted her designer-label outfit. Linton posted the picture of herself Monday getting off a government plane in Kentucky with Mnuchin. In her post, she mentioned several designer labels ... Read More »

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Alberta challenges ruling that says its beer tax violates trade rules

By The Canadian Press on August 22nd, 2017

EDMONTON – Alberta is challenging a ruling that found its incentive program on beer sales violates interprovincial free-trade obligations. Finance Minister Joe Ceci says the government is appealing last month’s decision by a national internal trade panel. Ceci says the province will argue that its small brewers development program meets required trade obligations. He says ... Read More »

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Calgary airport to convert Lexus-only stalls back to accessible parking

By The Canadian Press on August 22nd, 2017

Calgary International Airport has apologized for moving accessible parking stalls and setting up a Lexus marketing campaign in their place. The pavement in the parking spots was painted to indicate they were reserved for drivers of the luxury car. The airport says the move was clearly out of touch with its commitment to being an ... Read More »

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Mark Wahlberg tops Forbes list of highest-paid actors

By The Associated Press on August 22nd, 2017

NEW YORK – “Transformers: The Last Knight” star Mark Wahlberg has outmuscled Dwayne Johnson to become Hollywood’s highest-paid actor in the past year with a transforming income of $68 million, according to Forbes magazine. The former rapper known as Marky Mark beat out “Baywatch” star Johnson, with $65 million, and Johnson’s “The Fate of the ... Read More »

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June retail sales a bright spot for Canadian economy: economists

By The Canadian Press on August 22nd, 2017

OTTAWA – Canadian retail sales rose slightly in June and continue to be a bright spot in the economy. Statistics Canada says in a report issued Tuesday that the retail sector’s growth was 1.1 per cent, excluding automotive and gasoline sales. Economists at several banks say June’s retail sales suggest Canada’s overall gross domestic product ... Read More »

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A coal country dispute over an alleged Trump promise unmet

By Jeff Horwitz, Michael Biesecker And Matthew Daly, The Associated Press on August 22nd, 2017

WASHINGTON – The Trump administration has rejected a coal industry push to win a rarely used emergency order protecting coal-fired power plants, a decision contrary to what one coal executive said the president personally promised him. The Energy Department says it considered issuing the order sought by companies seeking relief for plants it says are ... Read More »

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Toronto stock index up modestly, loonie gains strength against U.S. dollar

By The Canadian Press on August 22nd, 2017

TORONTO – Canada’s main stock index is showing a small gain this morning, helped by strength in consumer-oriented stocks. The Toronto Stock Exchange’s S&P/TSX composite index was up 15.53 points to 14,967.41, after 90 minutes of trading. In New York, the Dow Jones industrial average climbed 131.34 points to 21,835.09, the S&P 500 index added ... Read More »

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Vanishing kelp: Warm ocean takes toll on undersea forests

By Michael Casey, The Associated Press on August 22nd, 2017

APPLEDORE ISLAND, Maine – When diving in the Gulf of Maine a few years back, Jennifer Dijkstra expected to be swimming through a flowing kelp forest that had long served as a nursery and food for juvenile fish and lobster. But Dijkstra, a University of New Hampshire marine biologist, saw only a patchy seafloor before ... Read More »

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Denver soon to license pot clubs, but few may open

By Kristen Nichols, The Associated Press on August 22nd, 2017

DENVER – Colorado’s largest city is on the brink of licensing some of the nation’s first legal marijuana clubs. But Denver’s elaborate hurdles for potential weed-friendly coffee shops and gathering places may mean the city gets few takers for the new licenses. Denver voters approved bring-your-own-pot clubs in a ballot measure last year after city ... Read More »

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Canadian banks earnings season expected to be strong thanks to robust economy

By The Canadian Press on August 22nd, 2017

TORONTO – Canada’s biggest banks could deliver another profitable season for investors as third-quarter results starting to roll in this week are expected to get a boost from the strengthening economy. Analysts expect modest improvements from the Big Six banks, which launch their quarterly earnings reports beginning with Royal Bank on Wednesday, but some suggest ... Read More »

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