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SNC Lavalin shares up amid hope of possible plea deal after 2019 federal election

MONTREAL- SNC-Lavalin Group Inc. shares shot up Tuesday after the Liberal election win left open the possibility of a plea deal on fraud and corruption charges against the engineering firm. The beleaguered company’s shares were up than 14 per cent or $2.50 at $20.18 in mid-afternoon trading, buoyed by investor ...

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Ben Chin, Morneau’s chief of staff, to join PMO on Friday as senior adviser

OTTAWA- Finance Minister Bill Morneau’s former chief of staff Ben Chin will start a new job as a senior adviser to Prime Minister Justin Trudeau this week. Morneau’s office in fall 2017, the veteran political aide worked for former British Columbia premier Christy Clark and former Ontario premier Dalton McGuinty. ...

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SNC Lavalin reports $17.3M first quarter loss, revenue down from year ago 

MONTREAL- SNC-Lavalin Group Inc. reported a loss in its first quarter compared with a profit a year ago as its revenue edged lower.   The engineering and construction firm says it lost $17.3 million or 10 cents per share for the quarter ended March 31. That compared with a profit ...

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Feds promise $2.5 billion to N.L. over 38 years with reviewed Atlantic Accord 

By Holly McKenzie-Sutter THE CANADIAN PRESS ST JOHN’S, N.L. -Newfoundland and Labrador will receive $2.5 billion from Ottawa over 38 years from the newly reviewed Atlantic Accord, a crucial federal-provincial agreement on offshore resource revenues. Premier Dwight Ball and federal cabinet minister Seamus O’Regan were in St. John’s on Monday ...

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Indigenous energy summit includes session on pipeline ownership options 

CALGARY-First Nations that produce oil and gas in Canada will hear presentations Wednesday at the Indigenous Energy Summit on how they might take ownership of major energy projects, including the Trans Mountain pipeline. Steven Saddleback of the Indian Resource Council says a session will feature presentations on financing models that ...

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Northwestern B.C. First Nation expects RCMP to enforce injunction 

HOUSTON, B.C.- Members of the Wet’suwet’en First Nation in northwestern British Columbia expect RCMP may serve an injunction at a protest camp on a remote forest service road southwest of Houston within hours. The camp was established almost 10 years ago as a checkpoint to manage entry to traditional territories, ...

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NAFTA drama earns Chrystia Freeland CP’s Business Newsmaker of 2018 

By Mike Blanchfield THE CANADIAN PRESS OTTAWA- There will be drama. Foreign Affairs Minister Chrystia Freeland took pains to predict that in a lengthy August 2017 speech that spelled out Canada’s goals at the start of the North American Free Trade Agreement talks with Mexico and the volatile Trump administration. ...

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First Nation leader pitches sustainability to pipeline investors

 HOUSTON -Environmental and First Nations groups say shareholders at Kinder Morgan’s annual general meeting voted for a resolution today for greater sustainability disclosure after a presentation made by a chief from British Columbia. Neskonlith Chief Judy Wilson says she told the meeting in Houston that environmental, social and governance issues ...

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