March 28th, 2024

Business

Smith Financial looks to merge portfolio companies Fairstone Bank and Home Trust

By The Canadian Press on March 26th, 2024

TORONTO – Smith Financial Corp. is merging a pair of its portfolio companies, Fairstone Bank of Canada and Home Trust Co., in a move they say will create the leading alternative lender in Canada. Smith financial founder and CEO Stephen Smith says the combination is characterized by a strong cultural fit and complementary strengths. Fairstone ... Read More »

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UK court orders to delay extradition of WikiLeaks founder Julian Assange to US on espionage charges

By Brian Melley And Jill Lawless, The Associated Press on March 26th, 2024

LONDON (AP) – A British court ruled Tuesday that Julian Assange can’t immediately be extradited to the United States on espionage charges, in a partial victory for the WikiLeaks founder. Two High Court judges said they would grant Assange a new appeal unless U.S. authorities give further assurances about what will happen to him. The ... Read More »

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UK court orders delay to extradition of WikiLeaks founder Julian Assange to US on espionage charges

By The Associated Press on March 26th, 2024

LONDON (AP) – A British court says Julian Assange can’t immediately be extradited to the United States on espionage charges, in a partial victory for the WikiLeaks founder. Two High Court judges said they would grant Assange a new appeal unless U.S. authorities give further assurances about what will happen to him. The ruling means ... Read More »

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China to challenge Biden’s electric vehicle plans at the WTO

By The Associated Press on March 26th, 2024

BEIJING (AP) – China said Tuesday that it has filed a complaint at the World Trade Organization over US subsidies for electric vehicles. The Chinese Commerce Ministry said Tuesday it has resorted to the WTO dispute settlement process to protest American requirements that vehicles use parts from specific regions to qualify for subsidies. A statement ... Read More »

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Ontario budget to be ‘prudent and responsible,’ minister says

By The Canadian Press on March 26th, 2024

TORONTO – It’s budget day in Ontario, and the finance minister is set to present his plan to bolster the economy ahead of an expected slowdown, while also trying to ease the rising cost of living. Finance Minister Peter Bethlenfalvy says his budget takes a “prudent and responsible” approach to the province’s finances, and will ... Read More »

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With completion in sight, what’s next for the Trans Mountain pipeline project?

By The Canadian Press on March 26th, 2024

CALGARY – After more than four years of construction and at least $34 billion in costs, the Trans Mountain pipeline expansion project is nearly complete. Here’s a look at what milestones to expect in the coming weeks as the massive pipeline gets ready to start shipping Canadian oil to the West Coast: Resolution of B.C. ... Read More »

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Japan approves plan to sell fighter jets to other nations in latest break from pacifist principles

By Mari Yamaguchi, The Associated Press on March 25th, 2024

TOKYO (AP) – Japan’s Cabinet on Tuesday approved a plan to sell future next-generation fighter jets that it’s developing with Britain and Italy to other countries, in the latest move away from the country’s postwar pacifist principles. The contentious decision to allow international arms sales is expected to help secure Japan’s role in the joint ... Read More »

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Black Press closes sale of company; emerges from creditor protection

By The Canadian Press on March 25th, 2024

SURREY, B.C. – Black Press Ltd., the owner of dozens of community newspapers across Western Canada, says it has emerged from creditor protection following the restructuring and sale of the company. The Surrey, B.C.-based publisher announced in January it had entered creditor protection under the Companies’ Creditors Arrangement Act. On Monday it said it has ... Read More »

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Boeing CEO to step down in management shake-up as manufacturing issues plague storied plane maker

By David Koenig, The Associated Press on March 25th, 2024

A leadership shake-up at Boeing, including news Monday that its top executive plans to step down, highlights the difficult path facing the iconic aircraft manufacturer as it tries to navigate through yet another safety crisis. CEO David Calhoun, who has been under unrelenting pressure since a panel blew off a Boeing 737 Max jetliner during ... Read More »

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Sales and investment process started for SaltWire Network and The Halifax Herald

By The Canadian Press on March 25th, 2024

HALIFAX – A Nova Scotia judge has approved a process aimed at finding buyers or investors willing to bid on SaltWire Network Inc. and The Halifax Herald Ltd., the two companies that operate Atlantic Canada’s largest newspaper enterprise. Earlier this month, Nova Scotia Supreme Court Justice John Keith granted the insolvent companies protection from creditors ... Read More »

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S&P/TSX composite closes lower despite boost to energy and mining stocks

By The Canadian Press on March 25th, 2024

TORONTO – Energy and mining stocks got a boost from rising commodity prices Monday but Canada’s main stock index closed down overall to kick off a short trading week. The S&P/TSX composite index was down 41.80 points at 21,942.28. In New York, the Dow Jones industrial average was down 162.26 points at 39,313.64. The S&P ... Read More »

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