April 19th, 2019

Business

Lower price discounts to boost Q1 oil profits but uncertainty hangs over sector

By The Canadian Press on April 18th, 2019

CALGARY – Lower discounts on western Canadian oil prices have swollen producer coffers in the first three months of the year, but analysts say they don’t expect to see increases in drilling budgets as oil and gas companies report results over the coming weeks. Cenovus Energy Inc. reports its first-quarter results on Wednesday, followed by ... Read More »

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Top 1% paid slightly more in taxes after Liberal changes, figures show

By The Canadian Press on April 18th, 2019

OTTAWA – New federal data suggest Canada’s highest earners paid a slightly greater share of the country’s overall income taxes following Liberal changes designed to make the top one per cent contribute more. The Liberals came to power in 2015 on a signature campaign pledge – dubbed the “middle class tax cut” – to lower ... Read More »

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Amazon and Google end spat, bring YouTube to Amazon devices

By The Associated Press on April 18th, 2019

NEW YORK – Amazon and Google are ending their nearly 2-year spat, agreeing to bring their video streaming apps to each other’s devices. Back in 2017, Google pulled its popular YouTube video app from Amazon’s Fire TV after the online shopping giant refused to sell some Google products. Amazon has since started to sell Google’s ... Read More »

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TSX hits all-time high on lift from health care, financials and industrials sectors

By The Canadian Press on April 18th, 2019

TORONTO – Canada’s main stock index hit an all-time high on strength in the health-care sector, which includes many of the country’s big cannabis companies, as well as gains in the financial and industrial sectors. The S&P/TSX composite index was up 22.70 points at 16,566.94 after hitting 16,597.37 in early trading. In New York, the ... Read More »

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Nova Scotia judge briefly extends creditor protection for Quadriga exchange

By The Canadian Press on April 18th, 2019

HALIFAX – A Nova Scotia judge has temporarily extended QuadrigaCX’s reprieve from its creditors, as the cryptocurrency exchange continues its transition into bankruptcy. The Vancouver-based exchange officially entered bankruptcy proceedings this month, after a restructuring bid failed. Quadriga Fintech Solutions Corp. and its related companies had been granted protection from their creditors under the Companies’ ... Read More »

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Rogers starts 2019 with slow Q1 wireless market; CEO expects pace to pick up

By David Paddon, The Canadian Press on April 18th, 2019

TORONTO – Rogers Communications Inc. and the wireless industry experienced an unusually slow first quarter, but the company is on track to meet its full-year estimates, chief executive Joe Natale said Thursday ahead of the company’s annual meeting. “Overall, we have confidence in our long-term growth plans, and remain on track to deliver on our ... Read More »

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CRA’s automatic benefit registrations give retirees reason to file on time

By David Paddon, The Canadian Press on April 18th, 2019

TORONTO – This is the time of year when procrastinators begin to fret about filing their income tax forms with Canada Revenue Agency by April 30. Of course, there are many reasons to file on time – such as avoiding expensive late fees and receiving tax refunds promptly. For retired people, the CRA has an ... Read More »

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Lab-grown meat companies see opportunity for growth, research in Canada

By Aleksandra Sagan, The Canadian Press on April 18th, 2019

VANCOUVER – Canadian companies plan to serve up chicken, beef burgers and mouse-meat cat treats in the coming years, all without the need to slaughter a single animal. Entrepreneurs see an opportunity where there’s been a dearth of lab-grown meat startups that proliferated in the U.S. Cellular agriculture takes cells from animals and grows them ... Read More »

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Canopy Growth signs US$3.4B deal to buy U.S. company Acreage Holdings

By The Canadian Press on April 18th, 2019

SMITH FALLS, Ont. – Canopy Growth Corp. has signed an agreement to buy U.S. company Acreage Holdings Inc in a deal valued at US$3.4 billion if cannabis becomes federally legal in the United States. Bruce Linton, Canopy’s chairman and co-chief executive, says the deal secures the company’s entrance strategy into the United States as soon ... Read More »

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Liberals extend deadline for Trans Mountain pipeline decision to June 18

By The Canadian Press on April 18th, 2019

OTTAWA – The federal government is delaying its decision on the Trans Mountain pipeline expansion project until June 18 so it has more time to complete consultations with Indigenous groups. The National Energy Board endorsed an expansion of the pipeline on Feb. 22, starting the clock on a 90-day period for Ottawa to make a ... Read More »

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NewsAlert: Canopy Growth signs deal to buy U.S. company Acreage Holdings

By The Canadian Press on April 18th, 2019

SMITH FALLS, Ont. – Canopy Growth Corp. has signed an agreement to buy U.S. company Acreage Holdings Inc. The deal would be valued at US$3.4 billion if cannabis becomes federally legal in the United States. Companies in this story: (TSX:WEED)... Read More »

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