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December 12, 2018 6:52 PM Canadian maple syrup production falls 22 per cent last year due cold winter

The total value of Canadian maple products fell 22 per cent to $384.4 million while the price of syrup remained relatively unchanged. The Federation of Quebec Maple Syrup Producers tapped its strategic reserves this year to avoid wild price swings or supply shortages. Quebec produces about 72 per cent of the world’s maple syrup, with the rest of Canada 6

December 12, 2018 6:47 PM Total number of new mortgages slumps in second quarter

The housing agency says a low national unemployment rate helped temper the number of mortgages left unpaid for 90 days or more. It found that the number of delinquent loans fell to the lowest point since data became available in 2012. The total value of mortgages unpaid for 90 days or more fell 10.4 per cent to $2.4 billion during the period compared 5

December 12, 2018 12:40 AM California judge orders Stormy Daniels to pay Trump legal fees

LOS ANGELES — Porn star Stormy Daniels must pay U.S. President Donald Trump nearly $293,000 (U.S.) for his attorneys’ fees and another $1,000 in sanctions after her defamation suit against him was dismissed, a federal judge in Los Angeles ordered Tuesday. Trump’s attorney, Charles Harder, had requested nearly $390,000 in fees and equal amount in sanctions 9

December 11, 2018 6:33 PM Gunman opens fire in Brazil cathedral, kills at least 4

“It’s so sad,” said Cassante. “It’s hard to imagine the pain this has caused.” Hamilton Caviola Filho, a police investigator, told news portal G1 that authorities had reviewed surveillance footage from inside the cathedral. The shooter “came into the church, sat on a chair, with time to think, and then got up and starting shooting,” said Caviola Filho 7

December 8, 2018 7:18 PM Canadian telecoms face $1 Billion cost to remove Huawei gear, media report says

Canada’s Telus Corp. and BCE Inc. may face at least $1 billion in costs if the country bans telecommunications equipment made by China’s Huawei Technologies Co. from their next generation 5G mobile networks, The Globe and Mail reported Saturday, citing unidentified people familiar with the industry. BCE, Telus and, to a lesser extent, Rogers Communications 12

December 7, 2018 8:06 PM U.S.-China friction threatens to undercut the fight against climate change

They have the largest carbon footprints. Also the largest economies. Now, as diplomats meet in Poland for high-stakes climate negotiations, a pitched standoff between the United States and China threatens to slow global action on climate change precisely at a time when the risks of catastrophe are accelerating. The tensions between Washington and Beijing 8

December 6, 2018 3:32 PM Bombardier forecasts 10% revenue boost in 2019 after plans for 5,000 layoffs

The Montreal-based company, which reports in U.S. dollars, forecasts total revenues of about $18 billion (U.S.) next year, as the freshly certified Global 7500 — its longest-range business jet — enters into service. The jetliner, sold out through 2021, will contribute to an expected $6.5 billion in business aircraft revenues. Both figures align roughly 14

December 6, 2018 2:36 PM Canadian trade deficit grew in October as oil prices weighed on exports

Total exports fell 1.2 per cent in October to $49.3 billion, despite increases in seven of 11 sections, as exports of energy products fell 12.4 per cent to $8.8 billion in October, due in large part to a 15.4 per cent drop in crude oil prices. Exports excluding energy products were up 1.6 per cent. Total imports fell 0.6 per cent to $50.5 billion in October 11

December 5, 2018 5:36 PM Gold plows toward its strongest season

Gold futures have fallen 7.1 percent in 2018, which has proven difficult for investors in every asset class from equities to real estate and government bonds. The $9.2 billion (U.S.) VanEck Vectors Gold Miners ETF is down 16 percent this year, putting it on track for its biggest annual decline since 2015. If history is any guide, both could be poised 15

December 5, 2018 2:18 PM Roots lowers long-term earnings estimates following weak sales in Q3

Roots Corp. has lowered its sales and earnings estimates from targets set when the company went public in October 2017 after sales fell “well below” its own expectations in the third quarter. The clothing company’s total sales for the three months ended Nov. 3 were $87 million, down three per cent from $89.7 million last year when Roots benefited from Canada’s 15