Morneau’s credibility on the line as Liberals hit reset button on tax reforms

Morneau’s credibility on the line as Liberals hit reset button on tax reforms
OTTAWA — Justin Trudeau hit the reset button on his government’s controversial small-business tax reforms Monday but the awkward spectacle of the prime minister sidelining his finance minister, along with mushrooming questions about Bill Morneau’s personal financial arrangements, suggests the political crisis roiling Liberal ranks isn’t over just yet. Indeed, the controversy has morphed into a test of credibility for... Read More

Self-driving cars could ease traffic, but increase sprawl

Self-driving cars could ease traffic, but increase sprawl
BOSTON — A new study inspired by Boston’s early experiments with self-driving cars finds that the technology could ease congestion, but might also lead to more cars on the road and further encourage urban sprawl. The report, released Tuesday by the Boston Consulting Group and the World Economic Forum, is a mostly optimistic take on how autonomous vehicles could change... Read More

Shares of Bombardier up more than 20% after singing CSeries deal with Airbus

Shares of Bombardier up more than 20% after singing CSeries deal with Airbus
MONTREAL — Shares in Bombardier Inc. soared more than 20 per cent in early trading after the company gave up majority control of its CSeries aircraft program to European company Airbus Group. Bombardier shares were up 53 cents at $2.89 on the Toronto Stock Exchange, shortly after trading began Tuesday. The move followed an announcement of a partnership between the... Read More

Marijuana producer Aphria inks deal to raise $80M, shares fall after TSX notice

Marijuana producer Aphria inks deal to raise $80M, shares fall after TSX notice
LEAMINGTON, Ont. — Shares in Aphria Inc. fell nearly 10 per cent in early trading as the marijuana producer announced a deal to raise $80 million even as questions swirled about the future of its listing on the Toronto Stock Exchange. The company announced the bought-deal financing Tuesday that will see it issue more than 11 million shares at a... Read More

TMX Group cracks down on marijuana companies that violate U.S. federal laws

TMX Group cracks down on marijuana companies that violate U.S. federal laws
TORONTO — Companies with business activities that violate U.S. federal law regarding marijuana could undergo a delisting review at the Toronto Stock Exchange, said The TMX Group, which operates the main index and TSX venture. “Based on our quality control and standards that we have set for our market, our rules say that you cannot be in violation of applicable... Read More

Low wages, small workforce leaves booming B.C. restaurants without chefs

Low wages, small workforce leaves booming B.C. restaurants without chefs
VANCOUVER — The restaurant industry may be booming in British Columbia, but a combination of the high cost of living, tight profit margins and a shrinking workforce has made it difficult for kitchens to find enough staff. Eric Pateman, president of Edible Canada, said the company’s restaurant at Vancouver’s popular tourist destination Granville Island has been short anywhere from two... Read More

Energy’s uphill battle even tougher in era of willful ignorance

Energy’s uphill battle even tougher in era of willful ignorance
Being energy-ignorant is almost fashionable in certain circles By Bill Whitelaw President and CEO JuneWarren-Nickle’s Energy Group Most of us have heard of Sisyphus and his struggles. He’s the mythical Greek king doomed for eternity to push a boulder uphill – only to see it roll back down again. To the top. And down again. Kind of like oil-and-gas communications... Read More

NAFTA: U.S. demands end to supply management in Canadian dairy, poultry, eggs

NAFTA: U.S. demands end to supply management in Canadian dairy, poultry, eggs
ARLINGTON, United States — The United States has requested a complete end to Canada’s supply management system for dairy, poultry, eggs and turkey within a decade, touching on one of the most politically explosive trade issues in Canada. Two sources tell The Canadian Press the request came at the NAFTA talks on Sunday evening, catching some on the Canadian side... Read More

Liberals trimming small-business tax rate amid uproar over tax-reform proposals

Liberals trimming small-business tax rate amid uproar over tax-reform proposals
OTTAWA — The Trudeau government took the first of several steps Monday to stanch the bleeding from a self-inflicted political wound, resurrecting a campaign promise to cut taxes for small businesses outraged by its controversial tax-reform proposals. Prime Minister Justin Trudeau promised to gradually trim the small-business tax rate to nine per cent by 2019, down from its current level... Read More