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CP urges Kansas City Southern shareholders to oppose CN takeover next month

CP urges Kansas City Southern shareholders to oppose CN takeover next month

CALGARY — Canadian Pacific Railway Ltd. is urging Kansas City Southern shareholders to vote against the proposed merger with Canadian National Railway Co. because of the regulatory uncertainty of its rival's US$33.6-billion bid.
'Burdensome' regulations hampering access, cost of spectrum: Telus CEO

'Burdensome' regulations hampering access, cost of spectrum: Telus CEO

VANCOUVER — The chief executive of Telus Corp. says the Canadian telecommunications market and the launch of 5G technology is being hampered by regulations and expensive spectrum auctions.
Line 3 pipeline to be in service by end of year, despite legal challenges: Enbridge

Line 3 pipeline to be in service by end of year, despite legal challenges: Enbridge

CALGARY — Enbridge Inc.'s Line 3 pipeline replacement is on track to be in service by the end of the year despite ongoing protests and recent court challenges, the Calgary-based company said Friday. The $9.
Ottawa to give ArcelorMittal Dofasco $400M to phase out coal-fired furnaces

Ottawa to give ArcelorMittal Dofasco $400M to phase out coal-fired furnaces

HAMILTON — The federal government says it is investing $400 million in a Hamilton-based steel producer to help it adopt low-carbon technology.

Ship tied to Israeli billionaire attacked off Oman, 2 killed

DUBAI, United Arab Emirates (AP) — An attack on an oil tanker linked to an Israeli billionaire killed two crew members off Oman in the Arabian Sea, authorities said Friday, marking the first fatalities after years of assaults targeting shipping in th
US consumers boost spending 1% as inflation remains high

US consumers boost spending 1% as inflation remains high

WASHINGTON (AP) — American consumers increased their spending by 1% in June — a dose of energy for an economy that is quickly rebounding from the pandemic recession but is facing new risks led by the delta variant of the coronavirus.
George Weston earns $108-million Q2 profit a year after tough pandemic quarter

George Weston earns $108-million Q2 profit a year after tough pandemic quarter

TORONTO — George Weston Ltd. is reporting a profit in its latest quarter, a year after enduring its most difficult three months of the COVID-19 pandemic.
European economy grows 2%, ending double-dip recession

European economy grows 2%, ending double-dip recession

FRANKFURT, Germany (AP) — Europe emerged from a double-dip recession in the second quarter with stronger-than-expected growth of 2.
SNC-Lavalin swings to $29.1 million profit in Q2 on eight per cent revenue increase

SNC-Lavalin swings to $29.1 million profit in Q2 on eight per cent revenue increase

MONTREAL — SNC-Lavalin Group Inc. swung to a profit in its latest quarter on an eight per cent increase in revenues. The Montreal-based engineering firm says its net income attributable to shareholders from continuing operations was $29.
Ex-Sen. Levin, Michigan’s longest-serving senator, has died

Ex-Sen. Levin, Michigan’s longest-serving senator, has died

DETROIT (AP) — Former Sen. Carl Levin, a powerful voice on military issues in Washington and a staunch supporter of the auto industry back home in Michigan during his record tenure in the U.S. Senate, has died. He was 87.