October 17th, 2018

Business

World shares mostly higher before EU meets to discuss Brexit

By Annabelle Liang, The Associated Press on October 17th, 2018

SINGAPORE – Share prices in Europe and Asia were mostly higher on Wednesday before a European Union meeting seeking to resolve an impasse over an exit deal for Britain’s departure from the bloc. KEEPING SCORE: France’s CAC 40 added 0.2 per cent to 5,183.04 and Britain’s FTSE 100 rose 0.3 per cent to 7,078.53. Germany’s ... Read More »

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Asian shares climb on strong US corporate earnings, data

By Annabelle Liang, The Associated Press on October 17th, 2018

SINGAPORE – Asian markets rose on Wednesday as robust U.S. corporate earnings and encouraging data assuaged worries about softening global growth. KEEPING SCORE: Japan’s benchmark Nikkei 225 jumped 1.3 per cent to 22,836.07. The Kospi in South Korea advanced 1.0 per cent to 2,165.42. The Shanghai Composite rose 0.7 per cent to 2,564.73. Australia’s S&P/ASX ... Read More »

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Newfoundland and Labrador first to buy adult use pot in new era for cannabis

By Holly McKenzie-Sutter, The Canadian Press on October 16th, 2018

ST. JOHN’S, N.L. – Ian Power made sure he was first in line on a chilly October night to make a midnight purchase that will likely cement his place in Canadian history. Outside one of the cannabis shops in St. John’s, N.L., that were set to open at 12 a.m. local time on Oct. 17th, ... Read More »

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The Latest: Recreational marijuana becomes legal in Canada

By The Canadian Press on October 16th, 2018

The latest on the legalization of recreational cannabis in Canada: – – – Canada has officially become the second country in the world to legalize the sale of recreational marijuana. Newfoundland and Labrador was the first province to kick off the sale of cannabis, just after midnight local time. Some pot shops in the country’s ... Read More »

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First legal purchase of cannabis made in Newfoundland and Labrador

By The Canadian Press on October 16th, 2018

ST. JOHN’S, N.L. – Canada’s first-ever legal purchase of recreational cannabis has been made in Newfoundland and Labrador, just after midnight local time. The historic first sale marks a major shift in drug policy and makes Canada one of the few countries globally to regulate and legalize marijuana for adult use. Stores in the country’s ... Read More »

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Expelled Canadian envoy says stable Saudi Arabia needed amid Khashoggi probe

By Mike Blanchfield, The Canadian Press on October 16th, 2018

OTTAWA – Canadian and global foreign policy towards Saudi Arabia can’t be driven by revulsion over the treatment of individual human rights cases, Canada’s most recent ambassador to the country says. Dennis Horak, who was expelled from Saudi Arabia in August after its rulers were incensed by a tweet from Foreign Affairs Minister Chrystia Freeland, ... Read More »

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Foreign affairs minister lay on floor of PM’s office after USMCA was inked

By Linda Nguyen, The Canadian Press on October 16th, 2018

TORONTO – After more than a year of leading intense trade negotiations with the United States and Mexico, the first thing Foreign Affairs Minister Chrystia Freeland did when the new agreement was reached was lay on the floor of the prime minister’s office. “I did. That is true,” she said Tuesday during a talk at ... Read More »

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Feds’ tariff relief plan faces criticism; Morneau says 50 firms now surtax-free

By Andy Blatchford, The Canadian Press on October 16th, 2018

OTTAWA – The federal government has so far exempted 50 Canadian companies from surtaxes imposed last summer when Ottawa slapped retaliatory tariffs on U.S. steel and aluminum imports, Finance Minister Bill Morneau said Tuesday as he faced pointed questions about his relief plan from political opponents. Morneau provided the figure before a parliamentary committee, where ... Read More »

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Foreign Affairs Minister laid down in PM’s office after USMCA was inked

By Linda Nguyen, The Canadian Press on October 16th, 2018

TORONTO – After more than a year of leading intense trade negotiations with the United States and Mexico, the first thing Foreign Affairs Minister Chrystia Freeland did when the new agreement was reached was lie down on the floor of the Prime Minister’s office. “I did. That is true,” she said Tuesday during a talk ... Read More »

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Canada has ‘worrying’ questions about disappearance of Khashoggi: Freeland

By The Canadian Press on October 16th, 2018

OTTAWA – Foreign Affairs Minister Chrystia Freeland says she has “very worrying” questions about the disappearance of missing journalist Jamal Khashoggi. Freeland offered that assessment today during a question and answer session at the Fortune Global Forum in Toronto. Khashoggi, a U.S. resident who has written critically of the Saudi regime, entered that country’s consulate ... Read More »

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B.C. finance minister says speculation tax brings balance to housing crisis

By Dirk Meissner, The Canadian Press on October 16th, 2018

VICTORIA – British Columbia’s proposed speculation and vacancy tax is aimed at cooling an overheated real estate market and convincing owners of vacant homes in some urban areas to either sell or rent their properties, says Finance Minister Carole James. The legislation introduced Tuesday would impose a tax of either 0.5 per cent, one per ... Read More »

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