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Ghost ships giving the oil market a lesson in unintended consequences

It sounds like something out of a pirate story, but the normally staid world of international trade has been beset by a flotilla of ghost ships in recent weeks, and they're weighed down by several million barrels of trouble for U.S.
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Telus launches charitable foundation to help vulnerable youth

VANCOUVER -- Telus Corp. is donating $120 million to launch a foundation that helps vulnerable youth.
Telus president Darren Entwistle says the foundation will give grassroots charities grants that can be used to help youth build digital literacy skills, provide basic health care and mental health support to the homeless, and open up educational opportunities.
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Sky's the limit as Calgary opens testing area for drones and new technologies

CALGARY -- The sky's the limit as the city of Calgary opens what it believes is the first testing area in Canada for drones, autonomous vehicles and other technologies.
The city has set aside a 50-hectare site in its industrial southeast to offer airspace for an increasing demand from companies and educational institutions wanting to do mass tryouts of commercial drones.
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U.S. firm Lockheed Martin gets first crack to design $60B warship fleet

OTTAWA -- The federal government is giving U.S. defence giant Lockheed Martin the first crack at inking a contract to design Canada's $60-billion fleet of new warships.
Government officials say Lockheed's proposed design beat out two rival submissions in what has been a long and extremely sensitive competition to design replacements for the navy's entire frigate and destroyer fleets.
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Canadian airlines tell feds carbon tax will hurt revenues and domestic routes

Canadian airlines are urging Ottawa to exempt them from the Jan. 1 imposition of a federal carbon tax, which they warn will boost airfares and push passengers across the border to rival carriers and airports.
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SNC-Lavalin writes letter in bid to rally public support over criminal charges

MONTREAL - SNC-Lavalin is trying to rally public support as it prepares to endure a lengthy criminal trial after federal prosecutors refused to negotiate a compensation agreement.
The Montreal-based engineering and construction firm submitted a letter from its chief executive that was published today in four of Canada's most influential newspapers.
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Feds dead set against 'ridiculous' quotas to replace steel, aluminum tariffs

Canada is not about to agree to quotas or other limits on its exports in order to get the United States to lift punishing tariffs on steel and aluminum, says a source close to the ongoing talks to resolve the lingering tit-for-tat trade standoff.
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Canadian retail sales fall in August: StatsCan

Canadian retail trade fell by 0.1 per cent in August – the second drop in three months – thanks, in part, to lower sales at gas stations and clothing and accessories stores, according to Statistics Canada.
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Canadian airlines tell Ottawa carbon tax will hurt revenues and domestic routes

Canadian airlines are urging Ottawa to exempt them from the Jan. 1 imposition of a federal carbon tax, which they warn will boost airfares and push passengers across the border to rival carriers and airports.
The National Airlines Council of Canada sent a letter to three federal ministers Friday cautioning the government about the reduction the levy would cause to revenues as well as marginal domestic routes.
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Final report on 2017-18 spending shows $19-billion federal deficit last year

OTTAWA - The Liberal government's annual financial report card to be released today will show Ottawa ran a shortfall of $19 billion in fiscal year 2017-18, which ended March 31.
The deficit is slightly smaller than Finance Minister Bill Morneau's prediction of $19.4 billion in last winter's budget.
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WestJet's Swoop forced to cancel 24 U.S. flights as regulatory approval held up

WestJet's new discount carrier Swoop is apologizing to travellers for cancelling 24 U.S.-bound flights.
The airline says it had hoped to have all regulatory approvals in place to operate south of the border — but one of those has not yet been approved.
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Federal deficit increased to $19B in last fiscal year

The federal government ran up a $19-billion deficit last fiscal year, despite a big boost in tax revenues.
Canadians paid an additional $9.9 billion in personal income taxes in 2017-18 and corporate tax added an additional $5.5 billion, compared to the previous year, thanks chiefly to a fast-growing economy.
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