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  • Alberta oilsands project wins regulator approval despite Indigenous objections

    June 13, 2018 6:18 PM 14

    CALGARY—The Alberta Energy Regulator has approved a northern Alberta oilsands project over the objections of local Indigenous people who say it will encroach on sacred lands and poses a risk to their drinking water. In an announcement on its website, the AER says the 10,000-barrel-per-day steam-driven Rigel oilsands project proposed by Prosper Petroleum

  • AT&T wins court approval to buy Time Warner over Trump opposition

    June 12, 2018 9:38 PM 30

    Deal is seen as turning point for industry upended by companies like Netflix AT&T won approval from a U.S. court on Tuesday to buy Time Warner Inc for $85 billion US, dealing a blow to U.S. President Donald Trump's administration which tried to block the deal and likely setting off a wave of corporate mergers. The planned deal, approved without conditions

  • Louboutin takes trademark action in court over red-soled shoes

    June 12, 2018 8:52 PM 13

    A mark consisting of a colour applied to the red sole of a shoe “is not covered by the prohibition of the registration of shapes,” the EU judges said in their decision. The case will go back to a court in The Hague, which had sought the EU tribunal’s advice in a dispute between the French fashion designer and a Dutch retail shoe shop that started selling

  • Canada’s oil output expected to increase over next 17 years

    June 12, 2018 6:57 PM 14

    CALGARY—The Canadian Association of Petroleum Producers (CAPP) is predicting the country’s oil production will increase by 1.4 million barrels per day by 2035, despite an ongoing “competitiveness gap” that discourages investment. The group, which represents Canada’s upstream oil and gas sector, says total Canadian oil production will increase to 5.6 million

  • Aurora Cannabis agrees to buy Anandia Laboratories in all-stock deal

    June 12, 2018 6:31 PM 15

    EDMONTON — Aurora Cannabis Inc. has signed an agreement to buy Anandia Laboratories Inc. in an all-stock deal valued at $115 million. Anandia provides research and development services as well as analytical testing for clients licensed under Canada’s medical cannabis rules. Aurora CEO Terry Booth says the deal expands his company’s capabilities and will help accelerate

  • Airdrie company facing child labour and safety charges after 14-year-old hurt on job

    June 11, 2018 9:25 PM 11

    An Airdrie roofing company is facing child labour and health and safety charges after a 14-year-old employee fell off a roof in Lacombe last summer. Alberta’s labour ministry launched a rare joint investigation under the Employment Standards Code and the Occupational Health and Safety Act after the boy fell nearly four metres off a residential roof in July and required

  • Toronto Star launches partnership with Wall Street Journal

    June 11, 2018 8:04 PM 14

    For a limited time, Star Business Journal is offering a small sample of articles from The Wall Street Journal on thestar.com and in print. Coming soon, customers will be offered fuller access to a larger wide-ranging package of articles from The Wall Street Journal, including access to curated newsletters, as part of a premium digital subscription package

  • Chinese company CITIC Metal to become biggest shareholder in Ivanhoe Mines

    June 11, 2018 3:05 PM 21

    A Chinese company has signed a deal to acquire a 19.9 per cent stake in Ivanhoe Mines Ltd. for $723 million that the miner plans to use to fund the development of its projects in southern Africa. CITIC Metal Co. Ltd., a wholly owned subsidiary of Chinese state-run conglomerate CITIC Ltd., has agreed to acquire 196.6 million shares at a price of $3.68 per share

  • IHOP reveals why it changed its name to IHOb

    June 11, 2018 2:28 PM 12

    Pancake restaurant IHOP’s marketing move to rebrand itself as IHOb — standing for burgers — comes at a time when beef prices are off their record highs. Ground chuck prices, which spiked in 2015 to the highest on record, are down 14 per cent from their peak as cattle supplies increase and prices ease, data from the Bureau of Labor Statistics show. With prices

  • Toronto stock index down as shares of cannabis producers decline

    June 8, 2018 3:43 PM 12

    Canada’s main stock index is down moderately, with shares of two cannabis producers among the biggest losers. The Toronto Stock Exchange’s S&P/TSX composite index was down 38.56 points to 16,154.22, after 90 minutes of trading. In New York, the Dow Jones industrial average was down 5.69 points to 25,235.72. The S&P 500 index was down 2.32 points to 2,768.05 and the Nasdaq