December 15th, 2018

Business

Tilray names several former politicians to international advisory board

By The Canadian Press on December 13th, 2018

NANAIMO, B.C. – Pot producer Tilray Inc. has added some political heft to its international advisory board, including former foreign affairs ministers from around the world and former chairmen of the U.S. Democratic and Republican national committees. The inaugural members announced by the cannabis grower include former Canadian minister of foreign affairs Lloyd Axworthy as ... Read More »

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AltaGas shares soar after it cuts dividend, announces new round of asset sales

By Dan Healing, The Canadian Press on December 13th, 2018

CALGARY – Shares in AltaGas Ltd. soared on Thursday morning after it announced it will slash its dividend by 56 per cent and sell its remaining majority stake in a B.C. hydroelectric power operation for $1.39 billion. On his first conference call days after officially taking over as CEO, Randy Crawford said he wants AltaGas ... Read More »

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Toyota recalls some models from 2002 to 2004 for faulty airbag inflators

By The Canadian Press on December 13th, 2018

TORONTO – Toyota Canada Inc. has issued a recall some older model Toyota and Lexus vehicles because of defective airbag inflators that could explode and hurl shrapnel at passengers. The company says the vehicles include certain 2003-2004 Corollas, 2002-2003 Sequoias, 2003 Tundras and 2002-2003 Lexus SCs that had previous been recalled and had the inflators ... Read More »

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Virgin Galactic rocket ship reaches space in test flight

By John Antczak, The Associated Press on December 13th, 2018

MOJAVE, Calif. – Virgin Galactic’s tourism spaceship climbed more than 50 miles high above California’s Mojave Desert on Thursday, reaching for the first time what the company considers the boundary of space. The rocket ship reached an altitude of 51 miles (82 kilometres) before beginning its gliding descent, said mission official Enrico Palermo. The craft ... Read More »

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Toronto market edges lower, U.S. stocks mixed; loonie slips lower

By The Canadian Press on December 13th, 2018

TORONTO – Canada’s main stock index crept lower in late-morning trading as strength in the consumer staples sector was more than offset by weakness in the health care group, which includes the big marijuana companies. The S&P/TSX composite index was down 7.56 points at 14,775.50. In New York, the Dow Jones industrial average was up ... Read More »

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Fuel costs hurt Transat profits as travel company moves ahead with hotel plans

By The Canadian Press on December 13th, 2018

MONTREAL – Rising fuel costs and fluctuating exchange rates buffeted Transat A.T.’s profit margins last quarter, prompting a 54 per cent plunge in adjusted operating income to $35.9 million. Chief executive Jean-Marc Eustache said on a conference call with investors Thursday that earnings were “not as satisfying” as in the fourth quarter last year, “reflecting ... Read More »

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Delta forecasts 2019 profit below expectations

By The Associated Press on December 13th, 2018

Delta Air Lines says its profit will rise next year though possibly not as much as was thought, and that is sending shares are down in early trading. Meeting with investors in New York, the airline said Thursday that it will earn adjusted profit of $6 to $7 per share next year. The midpoint, $6.50, ... Read More »

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UK leader seeks EU lifeline after surviving confidence vote

By Jill Lawless And Danica Kirka, The Associated Press on December 13th, 2018

BRUSSELS – British Prime Minister Theresa May was seeking a lifeline from European Union leaders Thursday after winning a no-confidence vote among her own Conservative lawmakers – but only after putting a time limit on her leadership. May won the vote after promising lawmakers at a private meeting that she would quit before Britain’s next ... Read More »

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May Day: British leader’s respite won’t end Brexit mess

By Jill Lawless, The Associated Press on December 13th, 2018

LONDON – Prime Minister Theresa May is safe, for now. She has survived a no-confidence vote engineered by her own Conservative Party, and can’t be challenged again for a year. But that hasn’t brought Britain’s Brexit battle any closer to resolution. May was in Brussels on Thursday, imploring European Union leaders help her sell the ... Read More »

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Toronto and Vancouver most ‘vulnerable’ to interest rate hikes: CMHC

By Linda Nguyen, The Canadian Press on December 13th, 2018

TORONTO – Canadians living in two of the country’s largest cities may find themselves more “vulnerable” to interest rate increases as personal debt levels in Toronto and Vancouver continue to hit record-levels, warns a report by Canada Mortgage Housing Corp. The housing agency says the debt-to-income (DTI) ratio for those living in Vancouver climbed to ... Read More »

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Divorce can result in battles over efforts to alter spousal agreements

By Ross Marowits, The Canadian Press on December 13th, 2018

TORONTO – A battle between Rudy Giuliani and one of his ex-wives has cast a spotlight on an issue affecting a growing number of Canadians. The former New York City mayor’s efforts to cut spousal support to one of his ex-wives because his income shrunk this year has sparked some interest among older divorcees facing ... Read More »

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