January 24th, 2017

Business

Five things to know about Quebec law aimed at boosting electric vehicle sales

By The Canadian Press on January 23rd, 2017

MONTREAL – A law in Quebec that requires automakers to sell a minimum number of zero-emission vehicles beginning with their 2018 models is causing alarm within the industry. Here are five things to know about the legislation: – At least 3.5 per cent of auto sales of 2018 models must be from electric, plug-in hybrid ... Read More »

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Quebec electric vehicle law sparks concern within automotive industry

By Ross Marowits, The Canadian Press on January 23rd, 2017

MONTREAL – Automakers are expressing concern that it will be difficult to comply with a new law in Quebec that requires them to sell a minimum number of electric, plug-in hybrid and hydrogen fuel-cell vehicles. Starting with the 2018 model year, 3.5 per cent of all auto sales in the province will have to be ... Read More »

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Samsung details causes of Note 7 fires but questions remain

By Youkyung Lee, The Associated Press on January 23rd, 2017

SEOUL, Korea, Republic Of – Samsung says a thorough investigation into the fire-prone Galaxy Note 7 phone has confirmed widely held suspicions that its batteries were to blame, marking a first but important step toward restoring consumer confidence. Samsung announced tighter quality controls and more rigorous testing and took responsibility for failing to ensure that ... Read More »

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U.S. President Trump signs notice to withdraw from Trans-Pacific Partnership

By The Canadian Press on January 23rd, 2017

OTTAWA – President Donald Trump wasted little time Monday in signing official notice that the United States is pulling out of the proposed Trans-Pacific Partnership trade deal. Trump called the move “a great thing for the American workers.” But at least one Canadian trade expert said it heralds more trouble on trade, including the North ... Read More »

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Trump adviser: Canada well positioned in any trade renegotiations

By The Canadian Press on January 23rd, 2017

CALGARY – An adviser to U.S. President Donald Trump says Canada will be in a good position should there be a renegotiation of the North American Free Trade Agreement. Stephen Schwarzman, who leads the President’s Strategic and Policy Forum, is in Calgary to take part in meetings with Prime Minister Justin Trudeau and his federal ... Read More »

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The Latest: Pentagon holds 1st news briefing under new chief

By The Associated Press on January 23rd, 2017

WASHINGTON – The Latest on President Donald Trump (all times local): 12:30 p.m. The Pentagon has held its first news briefing since Defence Secretary James Mattis was sworn in on Friday. A spokesman, Navy Capt. Jeff Davis, on Monday described several of Mattis’ first activities as Pentagon chief but declined to discuss any policy issues. ... Read More »

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Federal judge swats Aetna-Humana insurer combo

By Tom Murphy, The Associated Press on January 23rd, 2017

A federal judge has rejected health insurer Aetna’s plan to buy rival Humana for about $34 billion and become a major player in the market for Medicare Advantage coverage. U.S. District Judge John Bates says in an opinion filed Monday that he largely agrees with federal regulators who contended that such a combination would hurt ... Read More »

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Lawsuit: Trump business ties violate Constitution

By Bernard Condon And Julie Bykowicz, The Associated Press on January 23rd, 2017

NEW YORK – To fight what it called a “grave threat” to the country, a watchdog group on Monday filed a lawsuit alleging that President Donald Trump is violating the Constitution by allowing his business to accept payments from foreign governments. The lawsuit claims that Trump is violating a clause in the Constitution that prohibits ... Read More »

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The Latest: Trump calls ethics lawsuit ‘without merit’

By The Associated Press on January 23rd, 2017

WASHINGTON – The Latest on President Donald Trump (all times local): 12: 15 p.m. President Donald Trump calls a lawsuit filed Monday against him “without merit, totally without merit.” Ethics attorneys are suing him for allowing his businesses to accept payments from foreign governments in violation of the emoluments clause of the U.S. Constitution. The ... Read More »

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Trump moves to pull US out of Pacific-Rim trade deal

By Julie Pace And Jill Colvin, The Associated Press on January 23rd, 2017

WASHINGTON – President Donald Trump moved to pull the United States out of the proposed Trans-Pacific Partnership trade pact Monday, fulfilling a campaign promise as he began his first full week in office. “Great thing for the American worker that we just did,” Trump said as he signed a notice in the Oval Office. The ... Read More »

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Markets Right Now: Energy stocks lead US indexes lower

By The Associated Press on January 23rd, 2017

NEW YORK – The latest on developments in financial markets (All times local): 11:45 a.m. Stocks are heading lower in midday trading, led by declines in energy companies as the price of crude oil falls. National Oilwell Varco fell 2.5 per cent Monday. High-dividend stocks did better than the rest of the market as bond ... Read More »

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