June 17th, 2019

Business

Pot edibles, topicals, extracts to 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 details of the final version of its regulations governing these pot products, including topicals and extracts, and indicated the rules will come into force on Oct. ... Read More »

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NBCUniversal to build state-of-the-art studio in New Mexico

By Russell Contreras, The Associated Press on June 14th, 2019

ALBUQUERQUE, N.M. – NBCUniversal announced Friday it will build a state-of-the-art television and film studio in a warehouse district just north of downtown Albuquerque as it seeks to expand its footprint in one of the fastest growing film production hubs in the country. The media giant said it has entered a 10-year venture with a ... Read More »

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Ex-SNC-Lavalin CEO Neil Bruce says succession process began in 2018

By The Canadian Press on June 14th, 2019

MONTREAL – Neil Bruce, who stepped down abruptly as head of SNC-Lavalin Group Inc. on Tuesday, says the process to replace him was in the works for at least six months. Bruce says in a LinkedIn post that the process started last year and notes that his interim replacement, Ian Edwards, was appointed operations chief ... Read More »

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Premiers’ demands on environment bills an ‘unhelpful’ threat to unity: Morneau

By The Canadian Press on June 14th, 2019

OTTAWA – The federal Liberals say it’s conservative premiers who are putting Canada at risk in a fight over oil and the environment. Finance Minister Bill Morneau says in a letter to six right-leaning premiers Friday it’s “unhelpful to threaten national unity” if their demands to change two bills on the verge of being passed ... Read More »

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Pot edibles, topicals and extracts to hit shelves no earlier than mid-December: Ottawa

By The Canadian Press on June 14th, 2019

OTTAWA – The federal government says a “limited selection” of edibles and other next-generation cannabis products will hit retail shelves no earlier than mid-December 2019. Ottawa today released details of the final version of its regulations governing these pot products, including topicals and extracts, and says the rules will come into force on Oct. 17. ... Read More »

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Shutdown, cuts at B.C. pulp and sawmills add to forestry job losses

By The Canadian Press on June 14th, 2019

VANCOUVER – Canfor Pulp Products is temporarily shutting down one of its northern British Columbia pulp mills – just days after parent company Canfor Inc. announced breaks at all but one of its B.C. sawmills and the permanent closure of another. Canfor Pulp says the Taylor mill won’t operate from June 29 to Aug. 5, ... Read More »

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Energy and materials sectors help lift TSX, U.S. stock markets down

By The Canadian Press on June 14th, 2019

TORONTO – Canada’s main stock index edged higher in late-morning trading, helped by the energy and materials sectors, while U.S. stocks were down. The S&P/TSX composite index was up 3.97 points at 16,243.23. In New York, the Dow Jones industrial average was down 77.29 points at 26,029.48. The S&P 500 index was down 10.33 points ... Read More »

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Local governments seek negotiating power in opioid lawsuit

By Andrew Welsh-Huggins, The Associated Press on June 14th, 2019

COLUMBUS, Ohio – Lawyers suing over the toll of opioids asked a judge Friday to allow a structure for all 25,000 municipal and county governments in the U.S. to be paid – if a settlement can be reached with companies that make and distribute powerful prescription painkillers. The approach, if approved, would create dueling negotiating ... Read More »

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To hit environment goals, feds should create ‘super’ tax credit, report says

By The Canadian Press on June 14th, 2019

OTTAWA – A government-struck expert panel is calling for new “super-deduction” tax credits as a carrot for Canadians to park their retirement savings in climate-conscious investments. The report this morning to Finance Minister Bill Morneau says the government should let people deduct more than 100 per cent of retirement contributions they put into investments such ... Read More »

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US says video shows Iran removing mine from stricken tanker

By Jon Gambrell, The Associated Press on June 14th, 2019

DUBAI, United Arab Emirates – The U.S. military released a video Friday it said showed Iran’s Revolutionary Guard removing an unexploded limpet mine from one of the oil tankers targeted near the strategic Strait of Hormuz, suggesting Tehran wanted to hide evidence of its alleged involvement. Iran denied any role in Thursday’s apparent attacks, which ... Read More »

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Trump: Iran a ‘nation of terror,’ was behind tanker attacks

By The Associated Press on June 14th, 2019

WASHINGTON – Calling Iran “a nation of terror,” President Donald Trump confirmed the assessment of his top advisers and publicly accused the Persian Gulf nation of responsibility for recent attacks on oil tankers near the strategic Strait of Hormuz. Trump said on Friday that Iran’s culpability was “exposed” by the United States. While calling into ... Read More »

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