January 21st, 2018

Business

Quebec aluminum smelter lockout comes at perilous time, says industry

By Ross Marowits, The Canadian Press on January 11th, 2018

MONTREAL – The lockout of workers at a Quebec aluminum plant comes at a perilous time for the Canadian industry because of uncertainty over the future of NAFTA and slowing U.S. demand, says the head of the Canadian Aluminum Association. “We find ourselves in a very fragile situation,” Jean Simard said Thursday after the ABI ... Read More »

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Postmedia Network Canada reports $5.8M Q1 profit, revenue down from year ago

By The Canadian Press on January 11th, 2018

TORONTO – Postmedia Network Canada Corp. reported a profit of $5.8 million in its latest quarter as it said revenue fell 10.3 per cent compared with a year earlier. The media company says the profit amounted to six cents per share for the quarter ended Nov. 30 compared with a profit of $17.8 million or ... Read More »

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Energy sector makes gains, helps lift TSX, U.S. markets also push higher

By The Canadian Press on January 11th, 2018

TORONTO – Canada’s main stock index pushed higher in late-morning trading helped by gains in the energy sector. The S&P/TSX composite index was up 34.41 points to 16,282.36, after 90 minutes of trading. In New York, the Dow Jones industrial average was up 118.09 points to 25,487.22. The S&P 500 index was up 10.13 points ... Read More »

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A seven-step guide to what does, doesn’t happen if Trump starts NAFTA pullout

By Alexander Panetta, The Canadian Press on January 11th, 2018

WASHINGTON – As NAFTA talks enter their most sensitive phase, a fever of speculation has broken out about whether Donald Trump might soon announce his intention to withdraw from NAFTA – and it’s likely to last a while. With only couple of months left in the currently scheduled rounds of talks, Canada will be keeping ... Read More »

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Insurance coverage concerns may leave Uber’s expansion to Winnipeg at curb

By The Canadian Press on January 11th, 2018

WINNIPEG – The ride-hailing company Uber is considering giving Winnipeg a pass over concerns about insurance rates its drivers may have to pay to operate. In a submission to Manitoba’s Public Utilities Board, Manitoba Public Insurance is proposing four different rate options that would see Uber drivers pay five per cent above their all-purpose coverage. ... Read More »

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China’s new Silk Road hits political, financial hurdles

By Joe McDonald, Munir Ahmed And Sylivester Domasa, The Associated Press on January 11th, 2018

BEIJING – China’s plan for a modern Silk Road of railways, ports and other facilities linking Asia with Europe hit a $14 billion pothole in Pakistan. Pakistan’s relations with Beijing are so close that officials call China their “Iron Brother.” Despite that, plans for the Diamer-Bhasha Dam were thrown into turmoil in November when the ... Read More »

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Canada’s tough guy move at WTO will gain U.S. respect, says trade minister

By The Canadian Press on January 11th, 2018

LONDON, Ont. – International Trade Minister Francois-Philippe Champagne says Canada will gain respect from the United States by taking a tough approach to what it considers unfair American trade practices. Champagne says countries that stand firm in defence of their industries and their workers are respected. Champagne’s assertion comes a day after it was revealed ... Read More »

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Toyota-Mazda plant: Alabama bids to become a major auto hub

By Kim Chandler And Tom Krisher, The Associated Press on January 11th, 2018

MONTGOMERY, Ala. – Alabama, seeking the fast lane in its bid to become a major auto making hub in the South, has landed a coveted $1.6 billion joint venture plant by Japanese car giants Toyota and Mazda that will eventually employ 4,000 people. The new plant is to be located in Huntsville, Alabama – already ... Read More »

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Another GOP governor seeks exclusion from drilling proposal

By Matthew Daly, The Associated Press on January 11th, 2018

WASHINGTON – Opposition to the Trump administration’s plan to expand offshore drilling is mounting as Democrats from coastal states accuse President Donald Trump of punishing states with Democratic leaders and a second Republican governor asks to withdraw his state from the plan. Democrats said Trump and Interior Secretary Ryan Zinke were being hypocritical by agreeing ... Read More »

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‘Don’t shop for the cheapest car’: tips on the smart way to buy used

By David Hodges, The Canadian Press on January 11th, 2018

TORONTO – Sales of new vehicles may have hit a record high, surpassing the two-million mark for the first time last year, but the majority of consumers are still projected to buy used primarily for one key reason: cost savings. DesRosiers Automotive Consultants forecasts that about 59 per cent of prospective buyers in Canada will ... Read More »

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Got batteries? Outage stalls giant tech show in Las Vegas

By The Associated Press on January 11th, 2018

LAS VEGAS – What happens to all those internet-connected refrigerators, robots and other devices when the power goes out? Thousands of people attending the world’s biggest consumer technology show got a chance to test the battery life of the latest gadgets Wednesday when some showrooms and hallways went dark inside the vast Las Vegas Convention ... Read More »

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