May 21st, 2018

Business

National chain backs down in dispute over name of N.S. barber shop

By The Canadian Press on May 17th, 2018

HALIFAX – A national chain of men’s barber shops is backing down in its dispute with an independent operator in Nova Scotia. Tommy Gun’s Original Barbershop says it “sincerely apologizes” for a cease-and-desist letter sent to Thong Luong, the owner of Tommy’s Barber Shop in north-end Dartmouth. Luong says he received the letter alleging trademark ... Read More »

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School bus torn apart in dump truck collision, killing 2

By David Porter, Michael R. Sisak And Seth Wenig, The Associated Press on May 17th, 2018

MOUNT OLIVE, N.J. – A school bus taking children on a field trip to a historic site collided with a dump truck on Thursday, ripping the bus apart and killing a student and a teacher. The crash left the bus lying on its side on the guardrail of Interstate 80 in Mount Olive, its undercarriage ... Read More »

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Aphria strikes deal with Southern Glazer’s on cannabis distribution

By The Canadian Press on May 17th, 2018

LEAMINGTON, Ont. – Aphria Inc. says it has reached a deal that will see Southern Glazer’s Wine & Spirits become its exclusive distributor of recreational cannabis products in Canada. The Leamington, Ont.-based cannabis producer says Southern Glazer’s new Canadian subsidiary Great North Distributors, which will focus specifically on cannabis products, will represent the company when ... Read More »

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B.C. heading to court in Alberta to stop fuel restriction law; may seek damages

By The Canadian Press on May 17th, 2018

VICTORIA – British Columbia is preparing to file a lawsuit as early as next week to have Alberta’s new fuel restriction law declared unconstitutional. Attorney General David Eby says B.C. will file its lawsuit in the Court of Queen’s Bench in Alberta. He says B.C. will apply for an injunction and seek damages if Alberta ... Read More »

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German-Russian pipeline takes shape despite US protests

By Frank Jordans And Pietro Decristofaro, The Associated Press on May 17th, 2018

MUKRAN, Germany – Sparks fly and machines whir as workers busily prepare thousands of steel pipes that will become part of a vast undersea pipeline bringing gas from Russia to Germany’s northeastern Baltic coast. The Nord Stream 2 project will double the amount of natural gas Russia can funnel directly to the heart of Europe ... Read More »

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ATB Financial promotes chief customer officer Curtis Stange to new CEO

By The Canadian Press on May 17th, 2018

EDMONTON – Alberta’s crown-owned bank, ATB Financial, has chosen its chief customer officer Curtis Stange as its new president and CEO. Stange will replace current president and CEO Dave Mowat, who is set to retire from the Edmonton-based financial institution at the end of June. He was selected after a North American search following Mowat’s ... Read More »

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Nutrien sells stake in Chilean lithium producer for $5.2B to lift balance sheet

By The Canadian Press on May 17th, 2018

SASKATOON – Fertilizer giant Nutrien Inc. says it has reached a deal to sell a partial stake in a Chilean lithium and nutrient producer to Tianqi Lithium Corp. for about $5.2 billion. The Saskatoon-based company says under terms of the agreement, it will sell all of its 62.6 million class A shares in Sociedad Quimica ... Read More »

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Energy stocks push up main Toronto stock index, loonie rises, U.S. stocks down

By The Canadian Press on May 17th, 2018

TORONTO – Energy stocks helped push Canada’s main stock index to close up Thursday for a ninth straight day of gains, while U.S. stocks retreated. The Toronto Stock Exchange’s S&P/TSX composite index closed up 35.49 points at 16,143.55. In New York, the Dow Jones industrial average closed down 54.95 points at 24,713.98. The S&P 500 ... Read More »

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Insurance policy for pipeline is result of ‘exceptional situation,’ says Trudeau

By The Canadian Press on May 17th, 2018

NEW YORK – Prime Minister Justin Trudeau says putting federal cash down as an insurance policy of sorts to get the Trans Mountain pipeline expansion built is the result of an exceptional political situation. Speaking in New York City a day after his government announced it would compensate Kinder Morgan for any delays in construction ... Read More »

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DavidsTea co-founder’s proxy battle goes cyber with launch of website

By The Canadian Press on May 17th, 2018

MONTREAL – A new front has opened up in the proxy battle for DavidsTea after the company’s founder launched a website as part of his effort to gain control of the embattled beverage retailer. Rainy Day Investments Ltd., the holding company of co-founder Herschel Segal, launched a website site called savedtea.com to summarize its turnaround ... Read More »

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B.C. securities regulator warns about investing in cryptocurrencies

By The Canadian Press on May 17th, 2018

VANCOUVER – British Columbia’s securities regulator has joined its Ontario counterpart in issuing a warning about investing in cryptocurrencies amid worries the lightly regulated market is ripe for possible financial scams. The British Columbia Securities Commission says it has noticed an increase in the number of cryptocurrency offerings involving an initial coin or token offering, ... Read More »

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