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  • Canada steel, aluminum industry hopes for exemption to U.S. crackdown on imports

    February 20, 2018 2:53 PM 19

    The U.S. Commerce Department didn’t recommend giving Canada a pass when it outlined possible tariffs and quotas, but it did note Canada’s importance to the U.S. aluminum industry. The biggest steel and aluminum exporter to the U.S. is hopeful of being left out of a Trump administration crackdown on foreign shipments. The U.S. Commerce Department didn’t

  • Bombardier may lay off hundreds at its Quebec railway plant if no orders come in

    February 19, 2018 6:59 PM 33

    Company was recently excluded from contract to supply trains for Montreal's light-rail system The railway division of Bombardier Inc. says losing out on a large electric train contract in Montreal may force it to lay off workers this fall at its plant in La Pocatiere, Que., unless it wins some new contracts. Spokesman Eric Prud'homme describes the situation

  • The iced tea company that added ‘Blockchain’ to its name and doubled its share price could now be delisted from the Nasdaq

    February 17, 2018 12:47 AM 20

    Long Blockchain Corp., formerly known as Long Island Iced Tea Corp., will be removed from the exchange if its market value does not rise above $35 million in about two weeks. Long Blockchain Corp. is poised to be delisted, a fate the iced-tea company temporarily avoided by jumping in on the cryptocurrency craze. The unprofitable beverage maker formerly

  • Canada won't act in 'impulsive way' in response to U.S. tax cuts: Morneau

    February 16, 2018 8:04 PM 30

    Morneau to deliver his next budget on Feb. 27 The Liberal government will not "act in an impulsive way" in response to U.S. corporate tax cuts that economists say pose a threat to Canada's competitiveness, the federal finance minister said after a pre-budget meeting Friday. Bill Morneau said the government is conducting careful analysis in connection

  • Pot Pharm: Booming Canada weed sector plots next-wave medicines

    February 16, 2018 6:01 PM 21

    Canopy Growth Corp., one of the world's biggest medical marijuana producers, now wants to take on the world's pharmaceutical giants. The Canadian firm launched Canopy Health Innovation in late 2016 to build a portfolio of patented and federally approved cannabinoid-based medicines. The venture is one of a small but growing number of companies here aiming

  • Air Canada helps lift Toronto stock index

    February 16, 2018 4:47 PM 20

    Canada’s main stock index is showing a moderate gain this morning, getting some lift from Air Canada after its fourth-quarter results impressed analysts. The Toronto Stock Exchange’s S&P/TSX composite index was up 50.01 points to 15,457.67, after 90 minutes of trading. In New York, the Dow Jones industrial average was up 93.70 points to 25,294.07. The S&P 500 index

  • Canadian manufacturing rebounds in fourth-quarter despite soft December

    February 16, 2018 4:19 PM 28

    The Bank of Canada should be pleased with a year-end rebound in the Canadian manufacturing sector, according to new report from Scotiabank. Statistics Canada said manufacturing sales in the fourth quarter of last year rose by about 2.8 per cent to $164.8 billion, driven in part by higher sales of petroleum and coal products, but mostly due to higher

  • Air Canada revenue, adjusted earnings come in ahead of analyst estimates

    February 16, 2018 12:52 PM 20

    The company’s adjusted net income was $61 million, or 22 cents per share for the quarter — ahead of analyst estimates of 14 cents per share, according to Thomson Reuters data. Air Canada’s fourth-quarter revenue and adjusted earnings came in ahead of analyst estimates, as the Montreal-based airline posted record-high annual revenue for 2017. Its adjusted

  • TransCanada plans $2.4B expansion of natural gas pipeline system

    February 15, 2018 2:16 PM 21

    TransCanada Corp. says it is going ahead with a $2.4-billion expansion of its NGTL natural gas system in Western Canada. The company says NGTL (NOVA Gas Transmission Ltd.) recently completed an open season that was oversubscribed. TransCanada says shippers have executed binding agreements for one billion cubic feet per day of expansion capacity for firm service

  • Former Sears Canada employees seek to recoup pension shortfall in court

    February 15, 2018 2:05 PM 19

    The workers want a litigation trustee to examine $3 billion in payments made to shareholders since 2005. Former Sears Canada workers are hoping they can recoup a $270-million pension fund shortfall with a motion they will file in court later today. The workers are asking for a litigation trustee to be appointed to examine about $3 billion in payments