Archive For The “CanadaEconomy” Category

Quebec construction worker’s general strike underway

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Quebec construction worker’s general strike underway

Quebec’s construction workers have begun a general province-wide strike as of 5 a.m. on Wednesday morning.Negotiations ended at midnight after talks between the union and the government failed.Industrial workers are seeking an agreement protecting work scheduling and overtime, while residential workers are seeking adjustments to salaries.READ MORE: Quebec labour minister threatening special law in event of construction strikeLabour…

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Hamilton economic development team hoping to lure Toronto investors

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Hamilton economic development team hoping to lure Toronto investors

Hamilton’s economic development department is heading down the highway in the hopes of drumming up some business.An event called Hamilton Consulate will be taking over Queen Street West later this month.The idea is to grab the attention of those in Toronto who have long looked elsewhere to invest. READ MORE: Hamilton set to host first…

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Saskatchewan has less farms and older operators according to report

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Saskatchewan has less farms and older operators according to report

Saskatchewan’s farms are bigger and being operated by an increasingly older demographic, according to a national report released Wednesday.Statistics Canada found that the number of farms in the province decreased by 6.6 per cent since 2011, however the amount of farm area acres (61.6 million) remained virtually unchanged over the same time period. Story continues below…

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Canada sees slowest wage growth since 1997

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Canada sees slowest wage growth since 1997

The unemployment rate fell last month to its lowest level since the start of the last major recession nearly nine years ago, but wage growth stalled to its weakest in more than two decades, Statistics Canada said Friday.Hourly wages expanded by 0.7 per cent in April, the slowest year-over-year growth since the federal agency started…

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Port Saint John West Side Modernization Project takes next step

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Port Saint John West Side Modernization Project takes next step

Officials say it’s the first visible sign of the massive West Side Modernization Project at the Port of Saint John.READ MORE: $136 M Port Saint John investment announced by federal, provincial governments Story continues below Last week, bore hole testing took place and on Monday, Port Saint John announced the joint venture firm Hatch Dillon had been…

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Ignite Fredericton AGM shows continued growth in region

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Ignite Fredericton AGM shows continued growth in region

The economic development organization Ignite Fredericton is reporting business growth and job creation in 2016, which is helping to deliver their Vision 2020 Economic Development Strategy.READ MORE: N.B. students, businesses gather to discuss keeping graduates in province Story continues below At their annual general meeting Wednesday, Ignite announced 48 new startups – contributing 327 jobs to the region…

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Vancouver joins Resilient Cities Network to help overcome urban challenges

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Vancouver joins Resilient Cities Network to help overcome urban challenges

The City of Vancouver has joined with a group of cities from around the world in trying to find innovative ways in dealing with urban challenges of the 21st century.Vancouver is now part of what is known as the 100 Resilient Cities Network. It will include access to millions of dollars worth of free services,…

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Trump understands that U.S. runs trade surplus with Canada: Chrystia Freeland

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Trump understands that U.S. runs trade surplus with Canada: Chrystia Freeland

OTTAWA – Foreign Affairs Minister Chrystia Freeland is taking aim a core assumption of Donald Trump‘s upcoming review of American trading partners – she said Friday the U.S. has a trade surplus with Canada, not the other way around.Freeland’s assessment comes as Trump prepares to hold his country’s major trading partners to account. The president…

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Cenovus Energy buying most of ConocoPhillips’ Canadian assets for $17.7B

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Cenovus Energy buying most of ConocoPhillips’ Canadian assets for $17.7B

Calgary-based Cenovus Energy says it will spend $17.7 billion to acquire most of the Canadian assets of ConocoPhillips, making the Houston-based company the latest international player to exit the oilsands.The deal includes ConocoPhillips’s 50 per cent interest in the FCCL Partnership, an oilsands venture between the two companies in northern Alberta.More Coming. © 2017 The Canadian Press

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Rachel Notley and Brad Wall continue to trade jabs over budget philosophy

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Rachel Notley and Brad Wall continue to trade jabs over budget philosophy

CALGARY – Alberta Premier Rachel Notley and Saskatchewan Premier Brad Wall continue to take jabs at one another over their provincial budgets.Notley’s government tabled a budget this month that relies on economic growth to reach balance in six years, while Wall’s budget boosts the provincial sales tax and cuts spending with the aim ofdoing it in three. Story continues…

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