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Good times ahead for two northern economies: conference board

The Conference Board of Canada says rising commodity prices are good news for the three mining-dependent northern territories. But it says not all will benefit to the same extent. Nunavut is predicted to lead the way: new gold mines and expansions at existing ones are expected to generate growth of ...

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CN to acquire 350 boxcars to meet growing demand in forest products, metals business

MONTREAL, April 18, 2018 (GLOBE NEWSWIRE) — CN (TSX:CNR) (NYSE:CNI) today announced it will acquire 350 premium boxcars to serve growing demand from industrial customers across its North American network. “These additional boxcars, combined with our new locomotives, hundreds of new train crew members, and track expansion investments, will help ...

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Hydro One announces appointment of Vice President of Investor Relations

TORONTO, April 3, 2018  – Hydro One Limited (Hydro One) is pleased to announce the appointment of Omar Javed as Vice President of Investor Relations, effective immediately. Mr. Javed has been with Hydro One since the Initial Public Offering, and was most recently Director, Investor Relations. He has tremendous experience ...

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‘What keeps me up at night’: Trump’s trade czar explains hawkish moves on China 

By Alexander Panetta THE CANADIAN PRESS WASHINGTON- It was President Donald Trump who announced a broad trade offensive against China on Thursday, with wide-ranging tariffs, an international lawsuit and investment restrictions to combat alleged theft of Americans’ intellectual property. It was his trade czar, however, who made the most elaborate ...

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Hydro Quebec profits slip to $2.89 billion despite record exports

MONTREAL -Hydro-Quebec’s net profit fell slightly last year despite record net electricity exports. The state-owned utility says it earned $2.85 billion, down from $2.86 billion in 2016. The results include $45 million it shared with customers because profits surpassed the regulator-approved rate of return. Excluding this payment, Hydro-Quebec’s adjusted profit was ...

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Canada, Mexico getting indefinite relief from U.S. steel, aluminum tariffs

WASHINGTON -Canada can breathe easier, for now: It’s getting relief from U.S. tariffs for an undetermined period. U.S. President Donald Trump is signing proclamations hammering global steel and aluminum imports with tariffs of 25 and 10 per cent. They go into effect in 15 days. Trump is signing the documents ...

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Federal government puts pressure on railways to clear grain shipment backlog 

  OTTAWA -The Trudeau government is putting pressure on Canada’s two major railways to clear a growing backlog of grain shipments that is undermining the country’s reputation as a reliable exporter and putting farmers in a cash-flow crunch. Transport Minister Marc Garneau and Agriculture Minister Lawrence MacAulay have written jointly ...

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RBC hikes dividend as it reports flat first quarter profit of $3 billion

By Armina Ligaya THE CANADIAN PRESS TORONTO- The Royal Bank of Canada hiked its dividend and delivered flat profits in the first quarter, as new U.S. tax reforms weighed on its latest earnings but also boosted the bank’s business south of the border. The Toronto-based lender increased its quarterly payment ...

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