December 9th, 2018

Business

Canadians receive emails from Marriott about recent personal data breach

By The Canadian Press on December 6th, 2018

TORONTO – Canadians have started receiving emails from Marriott International, informing them of a recent breach of customers’ personal data held by their Starwood hotel properties. The U.S.-based hotel giant, which is also behind brands including W Hotels, St. Regis, Sheraton and Westin, says in the email that the breach may have impacted up to ... Read More »

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Manitoba premier promises economic plan, new cabinet committee

By The Canadian Press on December 6th, 2018

WINNIPEG – The Manitoba government is setting up a new cabinet committee and a provincial office to focus on economic development. Premier Brian Pallister says the government will also create a program to help small- and medium-seized businesses develop new products. Pallister made the announcement during his annual state of the province speech to the ... Read More »

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Woman arrested in Vancouver helped turn Huawei into household name in China

By The Canadian Press on December 6th, 2018

VANCOUVER – The tech executive whose arrest in Vancouver has sparked outrage from China is the well-educated daughter of a wealthy former military man who founded what eventually became one of the world’s largest telecom companies. Wanzhou Meng, the chief financial officer and deputy chairwoman of Huawei Technologies, was arrested at Vancouver’s airport while in ... Read More »

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Pelosi pledges to press Lighthizer for better enforcement on new NAFTA

By The Canadian Press on December 6th, 2018

WASHINGTON – The presumptive leader of the new Democrat majority on Capitol Hill says she is pressing the U.S. trade representative for better labour and environmental enforcement provisions in the new North American trade pact. Nancy Pelosi, who is meeting today with trade czar Robert Lighthizer, won’t commit to whether Democrats will support the U.S.-Mexico-Canada ... Read More »

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Aphria names special committee to investigate allegations by short-sellers

By The Canadian Press on December 6th, 2018

LEAMINGTON, Ont. – Marijuana producer Aphria Inc. says its board of directors has appointed a special committee of independent directors to review the company’s acquisition of LATAM Holdings Inc., which has been criticized by short-sellers. The company says it remains confident in the deal, but in the face of what it called “inaccurate and misleading ... Read More »

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CN Rail in joint bid for stake in largest container terminal in Eastern Canada

By The Canadian Press on December 6th, 2018

HALIFAX – Canadian National Railway is bidding to acquire a stake in the largest container terminal in Eastern Canada. The Montreal-based company has confirmed joining a partner to bid for an interest in Halterm, a 30-hectare site at the Port of Halifax, but is declining to provide details. Halifax is Canada’s fourth-busiest port in terms ... Read More »

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2019 marks beginning of CPP enhancements to be rolled out over seven years

By David Paddon, The Canadian Press on December 6th, 2018

TORONTO – The biggest change to the country’s pension plans in more than a decade will take place in the new year, but the effects will be felt differently depending on which generation you belong to. Beginning in early 2019, the Canada Pension Plan and Quebec Pension Plan will phase in enhanced benefits over the ... Read More »

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Coca-Cola names CEO Quincey as its chairman

By The Associated Press on December 6th, 2018

ATLANTA – Coca-Cola Co. has named its president and CEO as chairman of the company’s board. James Quincey will become chairman and CEO following Coke’s annual meeting in April. The Atlanta company has already announced that longtime Coke executive Bryan Smith will become president and chief operations officer on Jan. 1. Quincey replaces Muhtar Kent, ... Read More »

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New Brunswick’s new finance minister takes aim at reducing net debt

By The Canadian Press on December 6th, 2018

FREDERICTON – New Brunswick’s new finance minister says that while the province’s finances are improving, there needs to be a change in focus to start reducing the net debt. Ernie Steeves released the second quarter financial results for 2018-2019 today – his first since the Tory minority government took power last month. He says the ... Read More »

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Bombardier forecasts 10% revenue boost in 2019 after plans for 5,000 layoffs

By The Canadian Press on December 6th, 2018

MONTREAL – Bombardier Inc. says its largest jetliner, a massive rail backlog and aftermarket services will propel the plane-and-train maker to 10 per cent revenue growth in 2019, roughly in line with analyst expectations. The 2019 guidance comes in the wake of a 60 per cent stock dive over the past five months and recent ... Read More »

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US stocks tumble on US-China trade jitters, oil price slide

By Alex Veiga, The Associated Press on December 6th, 2018

U.S. stocks tumbled in early trading Thursday following a sell-off in overseas markets, knocking more than 450 points off the Dow Jones Industrials Average. The broad market decline came as the arrest of a senior Chinese technology executive overshadowed some positive comments on trade from Beijing, threatening to worsen trade tensions between the U.S. and ... Read More »

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