April 14th, 2021

Business

U.S. oil comprised 77 per cent of Canada’s foreign oil imports last year: regulator

By James McCarten, The Canadian Press on April 14th, 2021

WASHINGTON – Canada is growing ever more reliant on imported American oil, a new report from the country’s energy regulator suggests, putting a counter-intuitive spin on the fierce debate about cross-border pipelines and energy independence. The United States provided nearly four out of every five barrels of imported crude in 2020, a year when global ... Read More »

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WestJet extends temporary suspension of international sun flights until June

By The Canadian Press on April 13th, 2021

CALGARY – WestJet says it will extend its temporary suspension of international sun flights to destinations in Mexico and the Caribbean until June 4. Canadian airlines in January suspended all flights to sun destinations until April 30 at the request of the federal government. WestJet President and CEO Ed Sims said in a release that ... Read More »

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Alberta’s top doctor says new restrictions loom as COVID-19 cases continue to spike

By Dean Bennett, The Canadian Press on April 13th, 2021

EDMONTON – Alberta’s chief medical officer of health says new public-health restrictions might be needed if high daily COVID-19 case counts continue. Dr. Deena Hinshaw says high numbers of infections usually start affecting hospitals three to four weeks afterward. She said it’s imperative not to overwhelm hospitals so that they can still handle other emergencies ... Read More »

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Colorado to auction off cannabis-themed license plates

By The Associated Press on April 13th, 2021

DENVER – Cannabis-themed license plates in Colorado are being auctioned off to the highest bidder in a fundraiser for the Colorado Disability Funding Committee. The state is selling the rights to 14 plates with cannabis-themed phrases, including “BONG,” “GANJA,” “TEGRIDY” and “HASH,” KUSA-TV reported. A license plate with “ISIT420,” a reference to slang for smoking ... Read More »

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Retail and grocery magnate W. Galen Weston dead at 80 after ‘long illness’

By Tara Deschamps and Linda Nguyen, The Canadian Press on April 13th, 2021

TORONTO – Canadian retail kingpin and philanthropist W. Galen Weston has died at age 80, George Weston Ltd. announced Tuesday. The Toronto-based company said he died peacefully at home Monday after “a long illness faced with courage and dignity.” Weston previously held executive and senior roles at food, retail and real estate giants his family ... Read More »

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Air Canada’s government aid deal needs stricter terms, passenger advocate says

By David Paddon, The Canadian Press on April 13th, 2021

TORONTO – One of Canada’s best-known advocates for passenger rights said Tuesday that taxpayers don’t have enough security in the $5.9-billion aid deal struck by Ottawa and Air Canada even as the airline began rolling out new refunds to ticket holders unable travel due to the COVID-19 pandemic. One of the deal’s flaws is a ... Read More »

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S&P/TSX composite ekes out slight rise, ‘appetite for risk’ lifts Nasdaq, S&P 500

By The Canadian Press on April 13th, 2021

TORONTO – An “unrelenting appetite for risk” by investors offset higher-than-expected U.S. inflation data and news of a major setback for a maker of COVID-19 vaccines, as some U.S. markets outperformed Canada’s main stock index. The S&P 500 index closed up 13.60 points at 4,141.59, while the tech-heavy Nasdaq composite was up 146.10 points at ... Read More »

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Most actively traded companies on the Toronto Stock Exchange

By The Canadian Press on April 13th, 2021

TORONTO – Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (19,203.70, up 2.42 points.) Toronto-Dominion Bank. (TSX:TD). Financials. Down 48 cents, or 0.57 per cent, to $83.12 on 16.2 million shares. Supreme Cannabis Co. Inc. (TSX:FIRE). Health care. Up half a cent, or 1.32 per cent, to ... Read More »

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US investigating possible air bag failures in GM vehicles

By The Associated Press on April 13th, 2021

DETROIT – The U.S. government’s highway safety agency is investigating complaints that the air bags may not inflate in a crash on thousands of General Motors vehicles. The National Highway Traffic Safety Administration says the probe covers nearly 750,000 Chevrolet, Cadillac and GMC vehicles from the 2020 and 2021 model years. Most are full-size pickup ... Read More »

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Dutch govt says it’s too early to start easing the lockdown

By Mike Corder, The Associated Press on April 13th, 2021

THE HAGUE, Netherlands – The Dutch government on Tuesday presented a roadmap for relaxing coronavirus lockdown measures, but caretaker Prime Minister Mark Rutte stressed that it is still too early to ease restrictions. In a nationally televised press conference, Rutte said hospitals in the Netherlands are as crowded with COVID-19 patients now as they were ... Read More »

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Aggressive takeoff caused Hawaii plane crash that killed 11

By Caleb Jones, The Associated Press on April 13th, 2021

HONOLULU – A pilot’s aggressive takeoff led to an aerodynamic stall, causing the 2019 crash of a skydiving plane in Hawaii that killed all 11 people on board, government safety investigators have determined. The U.S. National Transportation Safety Board said the stall caused a loss of control at an altitude that was too low for ... Read More »

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