November 24th, 2017

Business

Canada seeks updated climate change predictions for new building codes

By The Canadian Press on November 13th, 2017

OTTAWA – The National Research Council says Canada’s homes and highways were built with assumptions about weather patterns that are no longer relevant, thanks to climate change. The NRC issued a tender last week looking for a consultant to update weather data for 660 locations across the country – part of an effort to update ... Read More »

Be the first to comment!

VerticalScope confirms user information stolen from six hacked websites

By The Canadian Press on November 13th, 2017

Toronto-based VerticalScope Inc. says six of the community websites it administers were hacked last month in the latest of a recent series of data breaches affecting Canadian online user information. The company says in an emailed statement an “unauthorized party” gained access to community member data for six of its websites on Oct. 17 and ... Read More »

Be the first to comment!

Toronto stocks tick lower, U.S. stock markets mixed, loonie falls

By The Canadian Press on November 13th, 2017

TORONTO – Canada’s main stock index ticked lower Monday, while U.S. stock markets were also little changed in late-morning trading. The S&P/TSX composite index was down 1.60 points to 16,037.66, after 90 minutes of trading. In New York, the Dow Jones industrial average was up 0.91 of a point to 23,423.12. The S&P 500 index ... Read More »

Be the first to comment!

Minnesota, Poland and Argentina compete to host World’s Fair

By Steve Karnowski, The Associated Press on November 13th, 2017

MINNEAPOLIS – Minnesota is hoping to host the first World’s Fair on U.S. soil in nearly 40 years, but it will have to overcome bids by Poland’s third-largest city, Lodz, and the Argentine capital of Buenos Aires when a winner is selected in the coming days. The events that introduced the world to the Eiffel ... Read More »

Be the first to comment!

Trump names former drug exec as new health secretary

By Ricardo Alonso-Zaldivar, The Associated Press on November 13th, 2017

WASHINGTON – President Donald Trump has picked a former top pharmaceutical and government executive be his Health and Human Services secretary. If confirmed by the Senate, Alex Azar will oversee a $1-trillion department responsible for major health insurance programs, medical research, food and drug safety, and public health. In making the pick, Trump turned to ... Read More »

Be the first to comment!

Ride-hailing service Lyft expanding to Toronto market in first push outside U.S.

By The Canadian Press on November 13th, 2017

TORONTO – Ride-hailing company Lyft is bringing its service to Canada. The company announced Monday that it is coming to Toronto in what will be its first expansion outside of the United States. “Our passports are packed and we’re crossing the border,” the company said in a post on its corporate blog. “We’ve been looking ... Read More »

Be the first to comment!

Billionaire’s lawsuit for yacht decorating tab goes to trial

By The Associated Press on November 13th, 2017

ROCHESTER, N.Y. – Billionaire Thomas Golisano is going to court over the interior decorator’s bill for his $80 million yacht. The Democrat and Chronicle reports that the former Buffalo Sabres owner and three-time candidate for New York governor is expected to testify when the trial starts Monday in a Rochester court. His wife, former tennis ... Read More »

Be the first to comment!

Duterte goes out ‘on a limb’ to get Trudeau invited to key security event

By Andy Blatchford, The Canadian Press on November 13th, 2017

MANILA, Philippines – Rodrigo Duterte went out “on a limb” to secure a key invitation for Justin Trudeau to attend a prestigious Asia-Pacific security event alongside powerful world leaders, government officials say. But one senior insider insists the Philippine president’s helpful gesture won’t have any impact on whether Trudeau confronts him about human-rights violations in ... Read More »

Be the first to comment!

HNZ Q3 profit nearly quadruples, revenue up 31.6 per cent from last year

By The Canadian Press on November 13th, 2017

MONTREAL – HNZ Group reported a $6.4 million third-quarter net profit Monday, which was nearly four times higher than a year ago. The Montreal-based helicopter services company (TSX:HNZ) said its net income amounted to 50 cents per share, including discontinued operations. Net income from continuing operations, attributable to common shareholders, was $6.3 million or 49 ... Read More »

Be the first to comment!

Brookfield Property Partners makes offer for stake in GGP it doesn’t already own

By The Canadian Press on November 13th, 2017

TORONTO – Brookfield Property Partners LP announced a US$14.8-billion stock-and-cash offer to buy out the shares of U.S. shopping mall owner GGP Inc. that it does not already own. The company (TSX:BPY.UN) already holds a 34 per cent stake in GGP. GGP says it has formed a special committee of its non-executive, independent directors to ... Read More »

Be the first to comment!

Ride-hailing service Lyft expanding to Toronto market

By The Canadian Press on November 13th, 2017

TORONTO – Ride-hailing company Lyft is bringing its service to Canada. In a blog post, the company says it’s coming to Toronto. It is Lyft’s first expansion outside of the United States. The company did not say exactly when the service would be available in the city, but says it will be “around to help ... Read More »

Be the first to comment!