January 24th, 2017

Business

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

By The Associated Press on January 23rd, 2017

WASHINGTON – U.S. President Donald Trump has signed a notice starting withdrawal from the proposed Trans-Pacific Partnership trade deal. Trump called the move “a great thing for the American workers.” It remains unclear if Trump would seek individual deals with the 11 other countries in the TPP, a group that includes Canada and represents roughly ... Read More »

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The Latest: Trump signs memo to leave TPP trade pact

By The Associated Press on January 23rd, 2017

WASHINGTON – The Latest on President Donald Trump (all times local): 11:50 a.m. President Donald Trump is signing a memorandum to leave the proposed Pacific Rim trade pact known as the Trans-Pacific Partnership. The move is basically a formality, since the agreement had yet to receive required Senate ratification. Trade experts say that approval was ... Read More »

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Striking Chronicle Herald workers mark one-year anniversary of labour dispute

By The Canadian Press on January 23rd, 2017

HALIFAX – The union representing striking workers at the Halifax Chronicle Herald are holding rallies throughout Nova Scotia Monday to mark the one-year anniversary of the labour dispute. The Halifax Typographical Union, which went on strike last Jan. 23, is holding pickets and rallies in various locations. Sixty-one newsroom staff walked off the job over ... Read More »

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North American stock indexes down moderately, Canadian dollar rises

By The Canadian Press on January 23rd, 2017

TORONTO – Stock markets in North America are down moderately this morning. The Toronto Stock Exchange’s S&P/TSX composite index was down 83.59 points at 15,464.29 after 90 minutes of trading. In New York, the Dow Jones industrial average was down 54.48 points at 19,772.77 and the S&P 500 slipped 8.51 points to 2,262.80. The Nasdaq ... Read More »

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The Latest: Trump wants plan from business leaders in month

By The Associated Press on January 23rd, 2017

WASHINGTON – The Latest on President Donald Trump (all times local): 11:05 a.m. President Donald Trump has tasked a group of top business leaders with coming up with a series of actions to help stimulate the American manufacturing sector. Andrew Liveris, the CEO of Dow Chemical, says Trump has given them 30 days to come ... Read More »

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New trade relationship with U.S. may be outside the NAFTA framework: MacNaughton

By The Canadian Press on January 23rd, 2017

CALGARY – Canada may step outside the three-way North American Free Trade Agreement in new talks with the protectionist Trump administration, says Canada’s ambassador to the United States. The federal government has already had preliminary discussions with members of President Donald Trump’s transition team and more talks are in the offing, David MacNaughton says. It ... Read More »

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The Latest: Trump to nominate Wilson for Air Force post

By The Associated Press on January 23rd, 2017

WASHINGTON – The Latest on President Donald Trump (all times local): 10:30 a.m. President Donald Trump is planning to nominate Heather Wilson as secretary of the Air Force. A White House statement said Monday that Wilson, a former New Mexico congresswoman and president of the South Dakota School of Mines & Technology, would be the ... Read More »

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Sprint is buying a 33 per cent stake in Tidal

By The Associated Press on January 23rd, 2017

NEW YORK – Sprint is buying a 33 per cent stake of the Tidal, the music streaming service owned by artists like Jay-Z, Madonna and Kanye West. Financial terms were not disclosed. Tidal has a more than 42.5 million song catalogue and 140,000 videos. It’s available in more than 52 countries. The partnership will include ... Read More »

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Lawsuit: Trump businesses violate Constitution

By Bernard Condon And Mae Anderson, The Associated Press on January 23rd, 2017

NEW YORK – A legal watchdog group will file a lawsuit Monday alleging that President Donald Trump is violating the Constitution by allowing his businesses to accept payments from foreign governments. Trump is violating the so-called emoluments clause in the Constitution that prohibits him from receiving money from diplomats for stays at his hotels or ... Read More »

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Statistics Canada says wholesale sales gained 0.2 per cent in November

By The Canadian Press on January 23rd, 2017

OTTAWA – Wholesale sales gained 0.2 per cent in November to total $56.9 billion. Statistics Canada says it was the second consecutive monthly increase. However, economists had expected a gain of 0.5 per cent for the month, according to Thomson Reuters. Sales rose in four of the seven subsectors in November as the miscellaneous subsector ... Read More »

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Brookfield moves to simplify structure of its North American property arm

By The Canadian Press on January 23rd, 2017

TORONTO – The largest shareholder of Brookfield Canada Office Properties (TSX:BOX.UN) is offering to buy the rest of the real estate trust’s equity for $30.10 cash per unit, a 14.8 per cent premium to Friday’s closing price in Toronto. Brookfield Property Partners LP (TSX:BPY.UN) says its purchase of the remaining BOX units would simplify BPY’s ... Read More »

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