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  • Companies should have to pay pension funds before shareholders: Report

    November 21, 2017 7:47 PM 15

    A report by the Canadian Centre for Policy Alternatives calls for companies to make good on any pension shortfall before paying dividends. Canadian companies currently running pension deficits can afford to top up the plans and should be under more pressure to do so before paying dividends to shareholders, according to a report issued Tuesday by the Canadian

  • New Brunswick says it’s the first province to secure a full cannabis supply

    November 20, 2017 5:10 PM 14

    The province announced a memorandum of understanding with supplier Zenabis to provide four million grams of cannabis and derivative products, on top of two other agreements it has already made. ATHOLVILLE, N.B.—New Brunswick says it has become the first province to fully secure its supply of recreational marijuana. It announced a memorandum of understanding

  • Alibaba takes $2.9 billion stake in food retailer

    November 20, 2017 2:21 PM 24

    Alibaba said on Monday it would take a major stake in one of China's top food sellers for US$2.9 billion as the e-commerce giant expands further into the retail world. China's largest e-commerce platform has invested heavily in recent years to connect its online and offline portfolio of businesses, taking stakes in several Chinese grocers, shopping malls

  • Nebraska votes 'yes' to TransCanada's Keystone XL pipeline

    November 20, 2017 6:28 AM 9

    CALGARY -- Nebraska's Public Service Commission has approved TransCanada's Keystone XL route in a 3 to 2 vote, clearing the last major regulatory hurdle for the controversial $10 billion project. The panel's approval came with a tight margin of victory for the pipeline, which would transport about 830,000 barrels of oil a day from Hardisty, Alta. to Steele

  • Japan trade surplus sinks in October as energy imports surge

    November 20, 2017 2:31 AM 15

    TOKYO -- Japan's trade surplus fell more than 40 per cent in October from a year earlier, despite strong growth in exports to China, the U.S. and the EU, as costs for imports of oil, gas and coal surged. Customs figures released Monday showed imports rose almost 19 per cent from the same month a year earlier in October to 6.41 trillion yen ($57 billion)

  • BlackBerry COO Marty Beard resigning to deal with family health situation

    November 17, 2017 11:32 PM 12

    A person with knowledge of the situation says that BlackBerry Ltd.’s chief operating officer has resigned in order to deal with a family health issue. The source who spoke on condition of anonymity says that Marty Beard will leave the company effective Dec. 1. BlackBerry hired Beard in 2014. He was previously chairman and CEO of LiveOps, a provider of cloud

  • Amsterdam cannabis firm to set up Canadian base in joint venture with Canopy Growth

    November 17, 2017 7:56 PM 10

    Canada’s largest licensed marijuana producer forms joint venture with Amsterdam-based Green House Brands. SMITHS FALLS, ONT.—Canopy Growth Corp. of Smiths Falls, Ont., has formed a joint venture to share ownership of the Agripharm indoor growing operation in Creemore, Ont., with Amsterdam-based Green House Brands. Canada’s largest licensed marijuana

  • Bombardier to hire 1,000 workers in Montreal, transfer work on Global 5000 jet to U.S

    November 17, 2017 4:20 PM 15

    Chief executive Alain Bellemare said no jobs will be lost in Montreal due to the transfer of work. Bombardier confirmed Friday that it will hire about 1,000 workers over the next 18 months for its new Global 7000 business jet. The workers will complete the interiors for the company’s largest business aircraft. The announcement was made at the inauguration

  • Qantas signs long-term deal to power its jets with Canadian oilseeds

    November 17, 2017 1:59 PM 18

    MONTREAL -- A Quebec biofuels company has signed its first deal to power an airline's jets with energy grown from Canadian oilseeds. Agrisoma Biosciences Inc. of Gatineau will supply biofuel to Australia's Qantas Airways made from Carinata seed, a non-food, industrial type of mustard seed that produces oil suitable for aviation and diesel fuel. The partnership

  • Resource stock provide lift to Toronto stock index, American counterparts down

    November 17, 2017 5:48 AM 13

    TORONTO -- Mining and energy stocks are contributing to a moderate gain this morning at the Toronto Stock Exchange. The S&P/TSX composite index was up 42.12 points to 15,977.49, after 90 minutes of trading. Teck Resources and EnCana Corp. had some of the biggest advances, up four per cent and two per cent respectively. In New York, the Dow Jones industrial