July 21st, 2018

Business

Greenpeace members climbing Olympic Stadium tower in Montreal

By The Canadian Press on July 19th, 2018

MONTREAL – At least three Greenpeace members are climbing the outside of the Olympic Stadium tower in Montreal to protest the Trans Mountain pipeline. They plan to unfurl a banner once they reach the top of the 165-metre-tall structure. The federal government recently said it would spend $4.5 billion to take over the project. Greenpeace ... Read More »

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Comcast dropping out of Twenty-First Century Fox bidding war

By The Associated Press on July 19th, 2018

PHILADELPHIA – Comcast says it’s dropping out of the bidding war for Twenty-First Century Fox’s entertainment business, instead focusing on its bid for the U.K.’s Sky. The announcement Thursday leaves the path open for The Walt Disney Co. to buy the Twenty-First Century Fox assets with its $71 billion offer. The Department of Justice has ... Read More »

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Moe, Ford join together to oppose federal carbon pricing at N.B. meeting

By The Canadian Press on July 19th, 2018

ST. ANDREWS, N.B. – Ontario Premier Doug Ford says his province will intervene in Saskatchewan’s court case against Ottawa’s carbon pricing policy. Ford joined Saskatchewan Premier Scott Moe in voicing opposition to the plan prior to the start of formal talks between Canada’s premiers at the Council of the Federation meeting underway today in St. ... Read More »

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Zuckerberg: Holocaust deniers won’t be banned from Facebook

By The Associated Press on July 19th, 2018

NEW YORK – Facebook CEO Mark Zuckerberg says while he finds Holocaust denial “deeply offensive,” he doesn’t believe that such content should be banned from Facebook. Speaking with Recode’s Kara Swisher, Zuckerberg, who is Jewish, said in an interview published Wednesday that he thinks there are things “that different people get wrong.” He added that ... Read More »

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Wireless business helps Rogers Communications profit to beat expectations

By The Canadian Press on July 19th, 2018

TORONTO – Rogers Communications Inc. beat expectations as it reported a second-quarter profit of $538 million, up from $528 million a year ago. The profit amounted to $1.04 per diluted share for the three months ended June 30, up from $1.02 per diluted share a year ago. Revenue totalled $3.76 billion, up from $3.62 billion, ... Read More »

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Didi, SoftBank set up taxi-hailing joint venture in Japan

By Yuri Kageyama, The Associated Press on July 19th, 2018

TOKYO – Chinese mobile service giant Didi Chuxing and Tokyo-based SoftBank Corp. have set up a joint venture for taxi-hailing in Japan. The companies announced the plan Thursday for a service that will use artificial intelligence and data analysis on a technology platform available for free to all taxi companies in Japan. The service will ... Read More »

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Saputo Inc. sells Australian dairy operations for $244 million

By The Canadian Press on July 18th, 2018

MONTREAL – Canadian cheese and dairy giant Saputo Inc. has sold one of its production plants in Australia to local rival Bega Cheese for $244 million. The sale of the Koroit plant was a condition set by Australia’s competition regulators in April when it approved Saputo’s $1.3 billion takeover of the Murray Goulburn Co-operative. Keeping ... Read More »

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EU ruling against Google opens ‘opportunity,’ rival says

By Ryan Nakashima And Raf Casert, The Associated Press on July 18th, 2018

BRUSSELS – European regulators’ latest swipe at the dominance of U.S. tech giant Google could open new opportunities for rivals in search and web browsers – that is, if handset manufacturers decide to make the most of the opening. The European Commission on Wednesday fined Google a record $5 billion for forcing cellphone makers that ... Read More »

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Hydrogen sulfide leak at Suncor refinery sends workers to hospital

By The Canadian Press on July 18th, 2018

EDMONTON – A number of people at Suncor’s refinery in Edmonton were sent to hospital after a toxic gas was released at the facility. Suncor spokeswoman Erin Rees says company crews responded to a release of hydrogen sulfide at around noon on Wednesday. Rees says a number of employees and contractors were in the vicinity ... Read More »

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B.C. homeowner groups can fine defiant short-term rental hosts $1,000 a day

By The Canadian Press on July 18th, 2018

VANCOUVER – Homeowners groups in British Columbia will soon be able to fine owners or residents up to $1,000 a day for defying the corporation’s bylaws on short-term rentals. The B.C. government says the regulations for the so-called strata corporations will be changed as of Nov. 30 to help the associations address short-term rentals, such ... Read More »

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City of Burnaby issues eviction notice to protesters at Kinder Morgan terminal

By The Canadian Press on July 18th, 2018

BURNABY, B.C. – The City of Burnaby is evicting protesters from a make-shift camp set up outside one of Kinder Morgan’s terminals, citing fire safety and public health concerns. City manager Lambert Chu says the city is worried about how the footprint of the site, dubbed Camp Cloud, has grown to include a two-level wood ... Read More »

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