October 20th, 2020

Business

CP Rail secures deal to move Maersk freight through ports of Vancouver and Montreal

By The Canadian Press on October 19th, 2020

CALGARY – Canadian Pacific Railway Ltd. says it has secured an agreement with A.P. Moller-Maersk to move freight through the ports of Vancouver and Montreal. The deal follows the announcement of a new transload and distribution facility to be built in Vancouver. The strategic relationship will see the Calgary-based railway move Maersk dry and refrigerated ... Read More »

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UK, EU inch toward more Brexit talks but hurdles remain

By Jill Lawless, The Associated Press on October 19th, 2020

LONDON – Britain and the European Union edged toward resuming their troubled trade talks on Monday, after the bloc’s chief negotiator said he was ready to “intensify” negotiations on the legal text of an agreement. Britain’s chief Brexit minister hailed that as evidence of significant movement from the EU, three days after Prime Minister Boris ... Read More »

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Vaccine storage issues could leave 3B people without access

By Lori Hinnant And Sam Mednick, The Associated Press on October 19th, 2020

GAMPELA, Burkina Faso – The chain breaks here, in a tiny medical clinic in Burkina Faso that went nearly a year without a working refrigerator. From factory to syringe, the world’s most promising coronavirus vaccine candidates need non-stop sterile refrigeration to stay potent and safe. But despite enormous strides in equipping developing countries to maintain ... Read More »

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Topaz Energy prices IPO offering at $13 per share, Tourmaline cuts secondary offering

By The Canadian Press on October 19th, 2020

Calgary-based Topaz Energy Corp. says it is pricing its initial public offering at the low end of the $13-to-$15 range it announced last month. The subsidiary of Calgary-based Tourmaline Oil Corp. says it expects gross proceeds of about $217.5 million through an offering from treasury of 16.7 million common shares priced at $13 each, the ... Read More »

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Opposition parties demand passenger refunds as condition of any airline bailouts

By Christopher Reynolds, The Canadian Press on October 19th, 2020

The Liberal government should ensure airline passengers receive refunds for flights cancelled due to the COVID-19 pandemic, opposition parties demanded Monday. The demand follows seven months of trickling revenues for carriers devastated by the collapse in global travel, with passenger numbers in Canada down 90 per cent year over year in July and little improvement ... Read More »

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North American stock markets fall on uncertainty over U.S. stimulus before election

By The Canadian Press on October 19th, 2020

TORONTO – North American stock markets started the trading week lower on continued uncertainty about U.S. politicians reaching a stimulus deal ahead of the approaching election. The S&P/TSX composite index closed down 164.68 points at 16,274.07. In New York, the Dow Jones industrial average was down 410.89 points at 28,195.42. The S&P 500 index was ... Read More »

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Manitoba’s COVID-19 numbers trend downward as bars and restaurants face restrictions

By Steve Lambert, The Canadian Press on October 19th, 2020

WINNIPEG – Manitoba’s COVID-19 numbers have started to drop somewhat following a surge last week and after restrictions were imposed on restaurants and bars. Health officials are reporting 80 new cases and the deaths of two residents at a Winnipeg personal care home. It’s the fourth consecutive day that the new case number has been ... Read More »

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Transat AT temporarily lays off 128 flight attendants

By The Canadian Press on October 19th, 2020

MONTREAL – The Canadian Union of Public Employees says 128 Air Transat flight attendants – more than half the current workforce of attendants – were notified last week that they will be temporarily laid off and that the airline’s Vancouver base will be closed as a stop-gap measure. CUPE says last week’s layoffs leave only ... Read More »

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Alberta cuts deal on municipal oilpatch levies; not on unpaid property taxes

By The Canadian Press on October 19th, 2020

EDMONTON – Alberta has announced a three-year deal that it says will prevent municipal taxes and levies from harming its already battered energy industry. But the deal leaves unresolved the issue of rural property taxes that some companies have refused to pay – taxes that totalled $173 million by last January. Municipal Affairs Minister Tracy ... Read More »

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Regional airlines reject prospect of government stake in carriers

By The Canadian Press on October 19th, 2020

OTTAWA – Regional airlines are demanding immediate action from Ottawa to prop up the beleaguered sector, but reject the idea of a federal stake in carriers. John McKenna, president of the Air Transport Association of Canada, says the government has not responded to requests for cash over the past six months, leaving Canada as the ... Read More »

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Non-essential travel restrictions at Canada-U. S. border extended to at least Nov. 21

By James McCarten, The Canadian Press on October 19th, 2020

WASHINGTON, Wash. – Limits on travel between Canada and the United States will persist for at least four more weeks, the federal government confirmed Monday despite signs of growing impatience south of the border. “We are extending non-essential travel restrictions with the United States until Nov. 21, 2020,” Public Safety Minister Bill Blair declared on ... Read More »

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