November 24th, 2017

Business

Plane circles Belfast to burn fuel, makes emergency landing

By The Associated Press on November 10th, 2017

LONDON – A passenger plane carrying more than 50 people made an emergency landing without its nose gear at Belfast International Airport in Northern Ireland Friday, after circling for two hours to burn fuel. The Bombardier Q-400 operated by U.K.-based carrier Flybe took off from Belfast City Airport for Inverness, Scotland, on Friday before being ... Read More »

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Ottawa proposing legal weed tax of at least $1 per gram, plus GST/HST

By Mia Rabson, The Canadian Press on November 10th, 2017

Ottawa and the provinces and territories could have another $1 billion a year in tax revenues to split after pot becomes legal next year. Liberal MP Bill Blair, former Toronto police chief and the government’s point man on legalizing marijuana, made public the federal tax proposal for legal pot Friday, kicking off a period of ... Read More »

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Nova Scotia buildings to feed solar power to grid under new program

By The Canadian Press on November 10th, 2017

HALIFAX – Universities, municipalities and Mi’kmaq communities will generate electricity for local grids under a new Nova Scotia solar energy program. Among 18 initial participants is Halifax’s Atlantic School of Theology, which has signed a 20-year deal to sell its solar power. Up to 50 kilowatts of electricity will be generated by 115 solar panels ... Read More »

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Insurance, bank stocks pull TSX index lower; loonie up moderately

By The Canadian Press on November 10th, 2017

TORONTO – Financial and industrial stocks have pushed Toronto’s stock market lower this morning. The Toronto Stock Exchange’s S&P/TSX composite index was down 63.91 points to 16,018.18, after 90 minutes of trading. In New York, the Dow Jones industrial average was down 46.01 points to 23,415.93. The S&P 500 index was down 5.82 points to ... Read More »

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Flybe plane makes emergency landing at Belfast airport

By The Associated Press on November 10th, 2017

LONDON – A Flybe plane carrying more than 50 people has made an emergency landing without its nose gear at Belfast International Airport in Northern Ireland. The Bombardier Q-400 took off from Belfast City Airport for Inverness, Scotland, on Friday before being diverted. The plane circled in a holding pattern, burning fuel, for about two ... Read More »

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Ottawa proposing legal weed tax of at least $1 per gram, plus GST

By The Canadian Press on November 10th, 2017

OTTAWA – Anyone planning to purchase legal marijuana next year better be prepared to pay the taxman as well, to the tune of at least $1 for every gram – plus GST. The proposed federal tax scheme, announced today, will be available for public comment until Dec. 7 as Canada prepares to legalize the drug ... Read More »

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CAE profits soar on gain from sale of Chinese flight training centre

By The Canadian Press on November 10th, 2017

MONTREAL – Flight training and simulator provider CAE Inc. says its earnings soared 35 per cent in its latest quarter on proceeds from the sale of its stake in a Chinese training centre. The Montreal-based company says its net income attributable to shareholders was $65.2 million or 24 cents per share in the three months ... Read More »

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Top Catalan lawmaker freed from jail after posting bail

By Ciaran Giles, The Associated Press on November 10th, 2017

MADRID – A top Catalan lawmaker who spent the night in a Madrid prison as part of a wide-ranging rebellion investigation stemming from the Spanish region’s declaration of independence was released Friday after posting bail. Spain’s Supreme Court said the judge who jailed and set bail Thursday for Catalonia Parliament speaker Carme Forcadell, freed her ... Read More »

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Senate GOP proposes to delay major corporate tax cut a year

By Andrew Taylor And Marcy Gordon, The Associated Press on November 10th, 2017

WASHINGTON – Sweeping tax legislation from Senate Republicans includes a one-year delay in plans for a major corporate tax cut despite strident opposition from the White House and others in their own party. Their bill would leave the prized mortgage interest deduction untouched for homeowners in a concession to the powerful real estate lobby but ... Read More »

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Fairfax increases stake in Torstar with $11.8 million private stock deal

By The Canadian Press on November 10th, 2017

TORONTO – Fairfax Financial Holdings Ltd. (TSX:FFH) has paid nearly $11.8 million to increase its holding of Torstar Corp.’s non-voting shares to 40.6 per cent. The Toronto-based financial company now owns about 28.9 million class B shares of Torstar (TSX:TS.B), owner of the Toronto Star, the Metroland group of newspapers and other digital and print ... Read More »

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China signs on to Alaska gas pipeline, but it’s far from set

By Mark Thiessen, The Associated Press on November 10th, 2017

ANCHORAGE, Alaska – The latest push in a decades-long effort to commercialize vast stores of Alaska’s natural gas got a boost when the state announced a deal with three Chinese companies. But the $43 billion project is far from reality. The agreement advances a project to move gas through a pipeline to the Alaska coast, ... Read More »

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