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May 25, 2018 7:50 PM Federal deficit on track to meet $19.4B projected in 2018 budget

Federal government posted a $10.6B deficit in March 2018 Canada is on track to meet its projected annual deficit figure of $19.4 billion for this fiscal year, according to new figures released by the Department of Finance. "There was a budgetary deficit of $10.6 billion in March 2018, compared to a budgetary deficit of $10.4 billion reported for March 7

May 17, 2018 7:16 PM YouTube to launch new music streaming service

YouTube Music launches in United States, Australia, New Zealand, Mexico and South Korea on May 22 Google's YouTube will launch a music streaming service next week, it said on Thursday, looking to use its popular internet video brand to tap the growing market for paid music streaming. YouTube Music, which will offer both ad-supported and $9.99 US-per-month 10

May 17, 2018 2:23 AM Nearly two years since Toronto announced Vision Zero, pedestrian and cyclist deaths are not declining

Within 24 hours of announcing the Vision Zero Challenge on Tuesday, a call for ideas on how Toronto can reach its target of eliminating traffic deaths, one cyclist was dead in the city and two were injured. The deceased cyclist — a man believed to be in his 50s who has not been identified by police — is the 89th pedestrian or cyclist to die on Toronto 9

May 16, 2018 6:27 PM Canadian manufacturing sales point to growth in overall economy, analysts say

OTTAWA—Canadian manufacturing sales rose a better-than-expected 1.4 per cent in March, as weakness in motor vehicle sales was more than offset by gains in the metals and aerospace industries, Statistics Canada reported Wednesday. Economists had expected an increase of 1.2 per cent, according to Thomson Reuters Eikon. Sales rose to $57.1 billion in March 11

May 14, 2018 6:28 PM Canopy applies to become first pot producer listed on NYSE

Canopy Growth Corp., which already trades on the Toronto Stock Exchange under the ticker symbol WEED, said Monday it expects its shares to begin trading in New York under the symbol CGC before the end of May. Marijuana is still illegal at the federal level in the U.S., though Canopy doesn’t have any operations south of the border and is fully compliant 9

May 10, 2018 3:24 PM Telus profit slips due to higher financing costs, taxes

Company boosting quarterly dividend for second time in a year A slight decline in Telus Corp.'s first quarter net profit compared with last year was due largely to higher financing costs and higher income taxes, the Vancouver-based telecommunications company said Thursday. Its profit attributable to shareholders was $410 million or 69 cents per share 20

May 9, 2018 11:01 AM South Sudan pleads with U.S. not to cut aid, as White House is threatening

U.S. is South Sudan's largest donor, but says it is 'losing patience' even as ceasefire talks near South Sudan's government urged the United States on Wednesday not to "abandon" the country after Washington said it would review its assistance programs because it could not continue a partnership with leaders perpetuating "endless war". "We are asking 24

May 9, 2018 8:00 AM Canada's appetite for legal cannabis could be almost as big as it is for wine, CIBC says

Bank pegs value of recreational market at $6.5B in Canada Canadians could soon be spending more on recreational cannabis than they do on liquor, if a report from a major bank is to be believed. Canadian Imperial Bank of Commerce calculated in a report this week that in the next two years, Canadians will consume 800,000 kilograms of cannabis, the vast majority 20

May 8, 2018 7:36 PM Boeing to consult with U.S. on 'next steps' after Trump's Iran move

Boeing Co. said on Tuesday it will consult with the U.S. government on "next steps" following President Donald Trump's decision to withdraw from a 2015 international agreement designed to deny Iran the ability to build nuclear weapons. IranAir has ordered 200 passenger aircraft worth $38.3 billion US at list prices, including 100 from Airbus, 80 from Boeing 23

May 8, 2018 4:02 PM WestJet shares plummet after airline reports dip in first-quarter profit

But WestJet’s revenue for the three-month period totalled $1.19 billion, up from $1.11 billion in the same quarter last year. CALGARY—WestJet Airlines Ltd. shares plummeted to their lowest levels in more than a year after reporting what it called a challenging first quarter in which it booked higher fuel costs. The Calgary-based company says it earned 8