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  • Construction begins on Highway 8 bridge over Elbow River

    January 9, 2014 5:43 PM 12

    The province is spending $800,000 on bank restoration to repair the damage done to the east abutment of the Highway 8 bridge over the Elbow River. The flood last June washed away about 100 metres of the bank exposing the foundation. Contractors made temporary repairs right after the flood and now work will begin to permanently fix and strengthen the abutment

  • Postmedia posts first quarter loss of $11.8M as ad revenues decline

    January 9, 2014 4:27 PM 17

    TORONTO -- The company that owns the National Post and other big-city Canadian newspapers has reported an $11.8-million net loss in the first quarter of fiscal 2014. Postmedia Network Canada Corp. (TSX:PNC.B) said the loss was primarily due to a $15.3-million increase in restructuring expenses related to the company's outsourcing of printing operations

  • Jobless claims fall 15,000 to 330,000

    January 9, 2014 1:39 PM 15

    WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell 15,000 last week to a seasonally adjusted 330,000, signaling fewer layoffs and steady job growth. The Labor Department says the less volatile four-week average dropped 9,750 to 349,000. A Labor spokesman said there was no indication that snow and freezing weather around much of the country

  • Starbucks launches gifting via Twitter in Canada

    January 9, 2014 1:07 PM 14

    As of today, customers can send tweet gift cards. Twitter won’t actually brew a Tall, Grande or Venti bold and hand it to you. But Starbucks has adopted a new way of using Twitter to send coupons, turning the social media platform into a gifting platform. “This will literally be the first time you can do it instantly. You don’t have to leave the site,” said Starbucks

  • No slowdown on horizon for housing market: Royal LePage

    January 9, 2014 12:01 PM 15

    Its quarterly survey of house prices shows correction is over and prices continue to climb It’s the debate that’s destined to keep raging through 2014: Is Canada’s housing market too hot to touch, or set to keep climbing with no ceiling in sight? “Talk of a ‘soft landing’ for Canada’s real estate market in the new year is misguided,” says one of the country’s

  • New Brunswick: Latest derailment and fire fans safety concerns posed by oil-by-rail boom

    January 9, 2014 12:14 AM 15

    What is being called a controlled burn had been raging for more than 18 hours in northwestern New Brunswick late Wednesday after 17 cars on a CN train — some carrying propane, others crude oil — derailed and caught fire. OTTAWA—Yet another railway fire involving crude oil has prompted the chief executive officer of CN Rail to suggest that long-overdue

  • analyst

    January 8, 2014 11:37 PM 16

    MONTREAL — The unofficial working assumption among watchers of Bombardier Inc.’s CSeries airliner is that deliveries will be late — early 2015, or about one quarter later than the last quarter of 2014 the Montreal aircraft-maker has long insisted on. Analyst Cameron Doerksen of National Bank Financial said openly Wednesday what many others are thinking

  • Recent railway accidents involving oil

    January 8, 2014 11:17 PM 18

    January: Seventeen cars on a 122-car train in northwestern New Brunswick come off the tracks, resulting in a fire and evacuation of about 150 people. September: Seventeen cars, including three carrying non-flammable lubricating oil and one with ethanol, derail near Landis, Sask., as a train heads to Edmonton from Winnipeg, causing the oil to spill onto farmland

  • Now is no time to raise the mining tax, but it’ll have to do

    January 8, 2014 10:28 PM 32

    ICYMI, gold started the year priced at about $1,700 an ounce, and finished 2013 at $1,200, marking an end to a dozen years of a splashy but unsustainable rally. Hundreds of jobs were eliminated at Nevada mines. Toronto-based Newmont is the second-biggest gold mining company in Nevada. Of the 500 largest firms traded on the New York Stock Exchange, no corporation’s

  • Canada Post sorry after some GTA residents go nearly 2 weeks without mail

    January 8, 2014 10:14 PM 21

    Canada Post is apologizing after some residents in the Greater Toronto Area reportedly did not receive mail for up to two weeks as a result of the extreme winter weather. Jon Hamilton, the Crown corporation's spokesperson, said some customers in the GTA, including Thornhill, did not receive mail on a daily basis due to staffing shortages