November 28th, 2021

Business

Trans Mountain pipeline shut down due to severe rain, flooding in B.C.

By The Canadian Press on November 15th, 2021

CALGARY – The Trans Mountain pipeline has been shut down temporarily due to widespread rains and flooding in British Columbia. Trans Mountain Corp. spokeswoman Ali Hounsell says the precautionary move was taken due to the flooding situation in the area of Hope, B.C. In addition, Hounsell says construction on the Trans Mountain expansion project has ... Read More »

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Film crew union narrowly approves contract with producers

By Andrew Dalton, The Associated Press on November 15th, 2021

LOS ANGELES (AP) – Film industry crew members have narrowly voted to approve a pair of contracts with Hollywood producers after a standoff that came within days of a strike that would have frozen productions across the U.S., union leaders said Monday. The agreements passed 56% to 44% among delegates from the 36 local unions ... Read More »

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Justin, take the wheel: experts tell Canada to show tough love at White House

By James McCarten, The Canadian Press on November 15th, 2021

WASHINGTON – The federal Liberal government was lulled into a false sense of security by the results of last year’s U.S. election, say business leaders who want Prime Minister Justin Trudeau to take a harder line with President Joe Biden when he visits the White House this week. Canadians might have expected a smoother ride ... Read More »

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Restaurant Brands to acquire sandwich fast food chain Firehouse Subs for US$1 billion

By Brett Bundale, The Canadian Press on November 15th, 2021

José Cil first tried Firehouse Subs while criss-crossing Florida as a Walmart executive. “I had a chance to visit basically the entire state,” said Cil, now the CEO of Restaurant Brands International Inc. “I would frequently go to lunch at Firehouse Subs. It was one of the favourites of the team at Walmart.” Fast forward ... Read More »

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Calgary to invest public dollars in venture capital fund aimed at growing tech sector

By The Canadian Press on November 15th, 2021

CALGARY – The City of Calgary says it will invest $6 million into a venture capital fund in an effort to boost the city’s growing tech sector. The investment will be made by the Opportunity Calgary Investment Fund (OCIF), a wholly owned subsidiary of the City of Calgary that aims to help diversify Calgary’s economy. ... Read More »

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N.L. launches 2022 Come Home Year as a post-pandemic boost to tourism and morale

By The Canadian Press on November 15th, 2021

ST. JOHN’S, N.L. – Newfoundland and Labrador’s government is unveiling a plan to tug at the heartstrings of residents who have moved away. Premier Andrew Furey said today that 2022 in Newfoundland and Labrador would be Come Home Year, a yearlong invitation for residents who have gone away to return home and reconnect after a ... Read More »

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George Weston Ltd. to sell bakery business to Hearthside Food Solutions

By The Canadian Press on November 15th, 2021

TORONTO – George Weston Ltd. says it has signed a deal to sell its Weston Foods ambient bakery business for $370 million. Weston’s ambient business provides retail and food service customers in Canada and the U.S. with cookies, crackers, cones and wafers. The Toronto-based company says it will sell the business to Illinois-based Hearthside Food ... Read More »

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S&P/TSX composite edges lower in late-morning trading, U.S. stock markets mixed

By The Canadian Press on November 15th, 2021

TORONTO – Canada’s main stock index edged lower in late-morning trading led by losses in the base metals sector, while U.S. stock markets were mixed. The S&P/TSX composite index was down 9.49 points at 21,759.04 after closing at a record high to end last week. In New York, the Dow Jones industrial average was up ... Read More »

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Experts call on Canada to take harder line with U.S. at Three Amigos summit Thursday

By The Canadian Press on November 15th, 2021

WASHINGTON – Business leaders in Canada are urging Prime Minister Justin Trudeau to show some tough love when he visits the White House this week. Trudeau is scheduled to meet face-to-face Thursday with U.S. President Joe Biden and Mexican President Andrés Manuel López Obrador. It’s the prime minister’s first visit to Washington since Biden was ... Read More »

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Month-over-month homes sales see biggest increase since July 2020: CREA

By The Canadian Press on November 15th, 2021

OTTAWA – The Canadian Real Estate Association says home sales across the country rose by about nine per cent between September and October, the largest month-over-month increase since July 2020. The association says last month’s seasonally-adjusted sales reached 53,746, up from 49,485 in September. On a non-seasonally-adjusted basis, sales totalled 52,538, down 11.5 per cent ... Read More »

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Restaurant Brands buying sandwich fast food chain Firehouse Subs for US$1 billion

By The Canadian Press on November 15th, 2021

TORONTO – Restaurant Brands International Inc. says it is buying U.S.-based fast food chain Firehouse Subs for US$1 billion. The Toronto-based company behind Tim Hortons, Burger King and Popeyes says the sandwich restaurant is a strong and growing player in the quick service restaurant industry, with substantial long-term growth potential. It says Firehouse Subs has ... Read More »

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