July 28th, 2021

Business

Trudeau announces $440 million for Quebec aerospace industry

By The Canadian Press on July 15th, 2021

MONTREAL – Prime Minister Justin Trudeau is announcing up to $440 million in federal funding for Quebec’s aerospace industry. Trudeau told a news conference today in Montreal that coupled with money from Quebec, the package of government aid for the key sector of the province’s economy will total as much as $693 million. The prime ... Read More »

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Cogeco Communications preparing to expand its high-speed internet footprint

By The Canadian Press on July 15th, 2021

MONTREAL – Cogeco Communications Inc. is taking advantage of government financial support to expand its high-speed internet footprint in rural and underserviced areas of Canada as well as in the United States. The Montreal-based company, which successfully fended off a hostile takeover attempt by Rogers Communications Inc. last year, said it plans net spending in ... Read More »

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Prairie farmers pray for rain as drought, grasshoppers ravage crops and pastures

By The Canadian Press on July 15th, 2021

CALGARY – Farmers are calling for emergency relief as drought ravages crops across the Prairie provinces. Scorching temperatures and little to no rainfall have left crops in poor condition across wide swaths of Alberta, Saskatchewan and Manitoba. In some areas, grasshoppers have infested fields. Several municipalities have declared states of agricultural disaster. Ranchers are also ... Read More »

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Michigan, Enbridge say Line 5 mediation efforts likely to wrap up by end of August

By The Canadian Press on July 15th, 2021

WASHINGTON – The two sides in the ongoing dispute over the Line 5 pipeline say they expect their mediation efforts to conclude before the end of August. A court-approved mediator says in court documents he will meet again Aug. 11 with officials from the state of Michigan and Enbridge Inc., the pipeline’s Calgary-based owner. The ... Read More »

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Booksellers association apologizes for anti-trans mailing

By Hillel Italie, The Associated Press on July 15th, 2021

NEW YORK (AP) – The American Booksellers Association is apologizing for sending a publication widely criticized as anti-transgender, Abigail Shrier’s “Irreversible Damage: The Transgender Craze Seducing Our Daughters,” in a recent mailing to independent stores. “This is a serious, violent incident that goes against ABA’s ends policies, values, and everything we believe and support. It ... Read More »

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Lebanon’s PM-designate steps down after months of deadlock

By Sarah El Deeb, The Associated Press on July 15th, 2021

BEIRUT (AP) – Lebanon’s Prime Minister-designate Saad Hariri stepped down Thursday, citing “key differences” with the president after nine months of political wrangling that failed to put together a government for the crisis-ridden country. The development is likely to plunge Lebanon further into chaos and uncertainty amid an unprecedented economic breakdown and dim prospects for ... Read More »

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Cogeco Communications expects to benefit from post-pandemic employment trends

By The Canadian Press on July 15th, 2021

MONTREAL – Cogeco Communications Inc. expects to benefit from the work-from-home trend it believes will continue as COVID-19 continues to impact its operations. The Montreal-based company, which successfully fended off a hostile takeover attempt by Rogers Communications Inc. last year, said the employment trend should benefit its various network expansion projects, especially in underserved and ... Read More »

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

By The Canadian Press on July 15th, 2021

TORONTO – Gains in the base metals sector helped Canada’s main stock index edge higher in late-morning trading, while U.S. stock markets were in the red. The S&P/TSX composite index was up 6.81 points at 20,154.05. In New York, the Dow Jones industrial average was down 10.34 points at 34,922.89. The S&P 500 index was ... Read More »

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‘Complete transformation’ of idled N.S. mill includes treated wastewater in harbour

By The Canadian Press on July 15th, 2021

ABERCROMBIE, N.S. – The company behind a beleaguered mill in northern Nova Scotia is proposing a “complete transformation” of its operations in an effort to reopen the idled kraft pulp mill. The plan to restart Northern Pulp Nova Scotia Corp. involves releasing treated wastewater into Pictou harbour, which opens to the lobster fishing grounds of ... Read More »

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Buying a cottage or cabin? Be prepared to consider mortgage alternatives

By Craig Wong, The Canadian Press on July 15th, 2021

OTTAWA – After the initial rush of Canadians who bought a second property to escape the city amid the pandemic, there are still plenty of would-be buyers looking to follow in their footsteps. However, borrowing for a vacation property can differ from the typical home buying process, experts say, with more than your creditworthiness under ... Read More »

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Lebanon PM-designate steps down after months of deadlock

By The Associated Press on July 15th, 2021

BEIRUT (AP) – Lebanon’s Prime Minister-designate Saad Hariri said Thursday he was stepping down, nine months after he was named to the post by the parliament and citing “key differences” with the country’s president. The development is likely to plunge the country further into chaos and uncertainty. Lebanon is going through an unprecedented economic crisis, ... Read More »

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