May 20th, 2018

Business

CN Rail fined more than $1 million for violating Environmental Protection Act

By The Canadian Press on May 17th, 2018

MONTREAL – Canadian National Railway has been fined more than $1 million for violating the Canadian Environmental Protection Act. Environment and Climate Change Canada says the Montreal-based railway pleaded guilty on Monday to importing a fuel that does not meet the requirements of renewable fuels regulations. CN Rail was fined $25,000 and was ordered by ... Read More »

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What to do if your taxes are under CRA review or audit

By Armina Ligaya, The Canadian Press on May 17th, 2018

TORONTO – Many Canadians are watching their mailboxes and inboxes for a personal income tax refund, now that the filing deadline has passed. But instead of a welcome influx of cash, receive a dreaded notice that their file is under review or audit. When the Canada Revenue Agency starts looking your way can be anxiety-inducing, ... Read More »

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Fox names veteran exec Suzanne Scott as new CEO

By The Associated Press on May 17th, 2018

NEW YORK – Fox News has named Suzanne Scott as its new chief executive officer. She’s been with Fox since the cable news network started in 1996, and has most recently been co-president of Fox News following the exit of founding CEO Roger Ailes. Scott’s former co-president, Jack Abernethy, will move back to his old ... Read More »

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Energy, industrial stocks push up main Toronto stock index, loonie rises

By The Canadian Press on May 17th, 2018

TORONTO – Canada’s main stock index was up Thursday morning in a moderate advance led by energy and industrial stocks. The Toronto Stock Exchange’s S&P/TSX composite index was up 63.74 points to 16,171.80, after 90 minutes of trading. In New York, the Dow Jones industrial average was up 43.68 points to 24,812.61. The S&P 500 ... Read More »

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Walmart to offer free pickup service for apparel, general merchandise

By The Canadian Press on May 17th, 2018

TORONTO – Walmart Canada is rolling out a free pickup service for general merchandise and apparel at all of its Canadian stores. The company’s vice-president of omnichannel and online grocery Daryl Porter says the service will be available across the country by the end of the week. It allows customers to save on delivery fees ... Read More »

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Apps and websites help air passengers get compensation for flight problems

By Ross Marowits, The Canadian Press on May 17th, 2018

MONTREAL – Airline passengers who use social media to vent their rage at being stuck on a tarmac for hours or waiting days for their luggage to arrive may get some apologetic words from the company, but are unlikely to recoup any money for their efforts. That’s because the percentage of Canadians who actually apply ... Read More »

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CPP Fund posts 11.6% return thanks partly to last year’s stock markets surge

By The Canadian Press on May 17th, 2018

TORONTO – Canada Pension Plan Investment Board says the main fund it manages for the national retirement system increased its assets by $39.4 billion over the financial year ended March 31, achieving a net annual return of 11.6 per cent. CPPIB’s chief executive officer Mark Machin says the main driver of growth over the first ... Read More »

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Miss America taps women for leadership spots

By Wayne Parry, The Associated Press on May 17th, 2018

ATLANTIC CITY, N.J. – The Miss America Organization is putting women in its three top leadership positions following an email scandal involving former male leaders of the scholarship group. The organization tells The Associated Press it is appointing Regina Hopper as president and CEO of the Miss America Organization, and Marjorie Vincent-Tripp as chairwoman of ... Read More »

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Toshiba’s chip sale to consortium wins regulatory approval

By The Associated Press on May 17th, 2018

TOKYO – Japanese electronics company Toshiba Corp. says the sale of its computer memory chip business to a consortium led by Bain Capital Private Equity has cleared all anti-trust regulatory approval, including a final one it was awaiting from China. Toshiba said Thursday that means the deal, valued at 2 trillion yen ($18 billion), can ... Read More »

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Enbridge offers $11.4 billion in stock to investors in four affiliate companies

By The Canadian Press on May 17th, 2018

CALGARY – Enbridge Inc. is proposing a series of transactions with its co-investors in four affiliated businesses, who are being offered company shares worth a total of about $11.4 billion based on current stock prices. If the transactions unfold as anticipated, investors in all the companies and limited partnerships would hold shares in Enbridge, one ... Read More »

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Enbridge offers $11.4-billion in stock to investors in four affiliate companies

By The Canadian Press on May 17th, 2018

CALGARY – Enbridge Inc. is proposing a series of transactions with its co-investors in four affiliated businesses, who are being offered company shares worth a total of about $11.4 billion based on current stock prices. If the transactions unfold as anticipated, investors in all the companies and limited partnerships would hold shares in Enbridge, one ... Read More »

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