June 17th, 2019

Business

Ivanka Trump, Jared Kushner took in as much as $135M last yr

By Bernard Condon, The Associated Press on June 14th, 2019

NEW YORK – Ivanka Trump and Jared Kushner took in as much as $135 million in revenue during their second year as aides to President Donald Trump, generated from their vast real estate holdings, stocks and bonds and even a book deal, according to their financial disclosures released Friday. Ivanka Trump’s stake in her family’s ... Read More »

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Grounding of Boeing plane hovers over big air show in Paris

By David Koenig, The Associated Press on June 14th, 2019

Uncertainty over a Boeing jet and apprehension about the global economy hover over the aircraft industry as it prepares for next week’s Paris Air Show. That show and its alternating-years companion, the Farnborough International Airshow near London, are usually upbeat celebrations of the latest and greatest in aviation technology. In recent boom years, they have ... Read More »

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Framework forms around fledgling US hemp industry

By Gillian Flaccus, The Associated Press on June 14th, 2019

AURORA, Ore. – A unit of wheat is called a bushel, and a standard weight of potatoes is called a century. But hemp as a fully legal U.S. agricultural commodity is so new that a unit of hemp seed doesn’t yet have a universal name or an agreed-upon quantity. That’s one example of the startling ... Read More »

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Election a chance to toughen climate-change targets: McKenna

By Mia Rabson, The Canadian Press on June 14th, 2019

OTTAWA – Environment Minister Catherine McKenna is hinting that the upcoming Liberal election platform will promise deeper cuts to greenhouse-gas emissions, including the possibility of legislating targets. McKenna says her focus for now remains on Canada’s current targets – to cut emissions so they are no more than 70 per cent what they were in ... Read More »

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TSX nears three-week high after financials gets lift from housing report

By The Canadian Press on June 14th, 2019

TORONTO – Canada’s main stock index closed just shy of a three-week high after the heavyweight financials sector was bolstered by a positive housing report. The S&P/TSX composite index gained 62.65 points to 16,301.91. In New York, the Dow Jones industrial average was down 17.16 points at 26,089.61. The S&P 500 index was down 4.66 ... Read More »

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Trump blames Iran for tanker attacks but calls for talks

By Robert Burns And Lolita C. Baldor, The Associated Press on June 14th, 2019

WASHINGTON – President Donald Trump on Friday blamed Iran for attacks on oil tankers near the strategic Strait of Hormuz, but he also held out hope that implicit U.S. threats to use force will yield talks with the Islamic Republic as the Pentagon considers beefing up defences in the Persian Gulf area. A day after ... Read More »

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Edibles, other pot products, will hit shelves after mid-December: Ottawa

By Armina Ligaya, The Canadian Press on June 14th, 2019

A “limited selection” of next-generation cannabis products such as edibles will “gradually” hit retail shelves no earlier than mid-December 2019, Health Canada says. The Ottawa-based agency on Friday released its final regulations governing these pot products, including topicals and extracts, and indicated the rules will come into force on Oct. 17 – exactly one year ... Read More »

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Business leaders urge Trudeau to meet Pelosi, as well as Trump to push new NAFTA

By The Canadian Press on June 14th, 2019

OTTAWA – Canadian business leaders say Prime Minister Justin Trudeau’s trip to Washington next week could be more productive if he can add a meeting with Democratic party leader Nancy Pelosi to his schedule. Trudeau is going to see President Donald Trump, hoping to push the new NAFTA towards ratification. But Pelosi is the Speaker ... Read More »

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Broadcom shares fall as chipmaker warns on trade war impact

By The Associated Press on June 14th, 2019

NEW YORK – Chipmakers suffered broad declines Friday after Broadcom warned that its business is being hurt by the U.S. trade dispute with China, including the Trump administration’s efforts to curb sales to the Chinese telecom giant Huawei. After the market closed on Thursday, Broadcom reduced its 2019 revenue forecast by $2 billion, saying customers ... Read More »

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Ivanka Trump took in nearly $4M from DC hotel last year

By The Associated Press on June 14th, 2019

NEW YORK – Ivanka Trump took in nearly $4 million in revenue last year from her stake in President Donald Trump’s hotel down the street from the Oval Office, up slightly from a year earlier. A financial disclosure report released by the White House on Friday also shows her fashion line of handbags, shoes and ... Read More »

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Quebec developer makes formal buyout offer to Transat, outbidding Air Canada

By The Canadian Press on June 14th, 2019

MONTREAL – A Quebec developer who promised a takeover proposal for Transat AT Inc. has made good on his word, outbidding Air Canada in the process. Vincent Chiara of Group Mach Inc. filed a formal offer with the tour operator Thursday. The Montreal real estate heavyweight says he has proposed to acquire all of Transat’s ... Read More »

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