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Court to rule if B.C. can limit bitumen in key case for Trans Mountain pipeline

VANCOUVER -- A British Columbia court is set to rule Friday whether the province can restrict shipments of diluted bitumen through its borders, in what will be a crucial decision for the future of the Trans Mountain pipeline expansion.
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FAA tells UN it expects Boeing 737 MAX approval as early as June: sources

U.S. Federal Aviation Administration (FAA) representatives told members of the United Nations' aviation agency they expect approval of Boeing Co's 737 MAX jets to fly in the United States as early as late June, three people with knowledge of the matter said, although there is no firm timetable for the move.
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Tesla shares bounce on leaked memo about rising sales

Shares of Tesla, suffering one of the worst stretches in company history, rebounded Thursday after CEO Elon Musk told employees that orders are up.
The company's stock closed up 1.4% to $195.49 on a volatile day that started out with a loss.
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CMHC defends mortgage stress test changes amid calls for loosening rules

OTTAWA -- The Canada Mortgage and Housing Corporation is defending the mortgage stress test amid calls for the measure to be changed.
President Evan Siddall says in a letter to the Standing Committee on Finance that the new measure is working as intended to lower house prices and protect Canadians from borrowing too much money.
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Wholesale trade climbs 1.4 per cent to $64.1B in March, beats expectations

OTTAWA - Statistics Canada says wholesale sales rose 1.4 per cent to $64.1 billion in March.
Economists had expected an increase of 0.9 per cent, according to Thomson Reuters Eikon.
The growth came as sales gained in six of the seven subsectors, accounting for 82 per cent of total wholesale sales.
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Stock markets tumble on trade, growth fears, oil plunges 5%

U.S. stock indexes fell more than one per cent on Thursday, as investors sold off technology, industrials and energy stocks on fears that a spiraling trade war between the United States and China would crimp global growth.
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Canada and the United States have announced a new agreement that would allow them to continue trading pigs and pork products in the event African swine fever is detected in either country.
In a joint statement, the chief veterinary officers of both countries said the Canadian Food Inspection Agency (CFIA) and the United States Department of Agriculture (USDA) have agreed to allow the safe trade of live swine, swine semen, pet food, animal by-products, and meat to continue if there’s an outbreak.
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Oil plunges 5% as stock markets tumble on trade, growth fears

U.S. stock indexes fell more than one per cent on Thursday, as investors sold off technology, industrials and energy stocks on fears that a spiraling trade war between the United States and China would crimp global growth.
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Trade immunity: Deal will let pork cross U.S.-Canada border in case of disease

Canada and the United States have announced a new agreement that would allow them to continue trading pigs and pork products in the event African swine fever is detected in either country.
In a joint statement, the chief veterinary officers of both countries said the Canadian Food Inspection Agency (CFIA) and the United States Department of Agriculture (USDA) have agreed to allow the safe trade of live swine, swine semen, pet food, animal by-products, and meat to continue if there’s an outbreak.
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Shell Quest carbon capture and storage project reaches milestone of 4M tonnes

CALGARY -- Shell Canada says the Quest carbon capture and storage project north of Edmonton has reached the milestone of four million tonnes of stored carbon dioxide, equivalent to the annual emissions of about one million cars.
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TD Bank reports $3.17 billion Q2 profit up from $2.92 billion a year ago

TORONTO - TD Bank Group earned a second-quarter profit $3.17 billion, up from $2.92 billion in the same quarter last year.
The Toronto-based lender says the profit amounted to $1.70 per diluted share for the quarter ended April 30, up from $1.54 per share per share a year ago.
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Cape Breton coal mine to reopen rock face where small methane fire broke out

DONKIN, N.S. - Nova Scotia's Labour Department has lifted a stop-work order imposed on a Cape Breton coal mine after a methane fire broke out Tuesday afternoon on one rock face.
Harold Carroll, the provincial Labour Department's executive director of occupational health and safety, said today the fire was caused by a mining machine striking a rock, causing sparks that ignited a small pool of methane.
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Royal Bank reports $3.23 billion Q2 profit, provisions for credit losses climb

TORONTO - Royal Bank of Canada earned $3.23 billion in its latest quarter, helped by growth in its capital markets, personal and commercial banking and wealth management businesses.
The bank says the profit amounted to $2.20 per diluted share for the quarter ended April 30.
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