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Swoop Airlines set to launch, heating up competition for low-cost travellers

MONTREAL - Competition is heating up for Canada's most price-sensitive travellers as WestJet Airlines gears up to launch the country's second ultra-low cost airline Wednesday.
Swoop, an offshoot of WestJet Airlines, will make its maiden flight on its pink and white aircraft before the sun rises in Hamilton, Ont.
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Auto tariffs could cost Canada 160,000 jobs, TD estimates

Donald Trump's threat to slap tariffs on Canadian cars and car parts could cost the country up to 160,000 jobs, especially if Canada retaliates, TD Bank warns.
In a report Monday, senior economist Brian DePratto crunched some numbers on the economic impact of a 10 per cent tariff on car parts, and a stiffer 25 per cent levy on fully assembled vehicles.
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Proposed class-action lawsuits filed against Bank of Montreal, CIBC's Simplii

TORONTO -- Proposed class-action lawsuits have been filed against Bank of Montreal and CIBC's direct banking division Simplii Financial over recently disclosed cybersecurity breaches impacting up to 90,000 customers.
Law firms Siskinds LLP and JSS Barristers say they have filed the proposed class actions against the two Canadian banks in the Ontario Superior Court of Justice, alleging the institutions failed to establish robust security measures to protect clients' sensitive information.
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Asian markets drop over Trump tariff threats

BEIJING - Asian stocks tumbled Tuesday after U.S. President Donald Trump escalated a dispute with Beijing over technology policy by threatening a tariff hike on additional Chinese goods.
KEEPING SCORE: The Shanghai Composite Index fell 3.7 per cent to 2,914.05 and Hong Kong's Hang Seng dropped 2.7 per cent to 29,500.22.
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South Korea joins Japan in halting Canadian wheat imports after GMO plants found

CALGARY -- South Korea has joined Japan in suspending trade in Canadian wheat following the discovery of genetically modified plants in southern Alberta.
Global Affairs spokesman Jesse Wilson says it's standard protocol in both countries to temporarily close markets in such cases.
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Canada can end dairy trade dispute with U.S. by ending pricing irritant: Saputo

MONTREAL -- Canada can preserve its dairy supply management system and resolve its trade dispute with the United States over dairy subsidies by ending its domestic milk ingredient pricing system, the head of Canada's largest dairy processor said Monday.
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Volvo sets goal of 25% recycled plastics in cars from 2025

At least 25 per cent of the plastics used in new Volvo car models from 2025 will be from recycled materials, the Chinese-owned company said on Monday in an anti-pollution plan praised by the United Nations.
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Company appeals Churchill rail ruling in year-long attempt to restore service

WINNIPEG -- The company that owns a broken rail line into Churchill, Man., says it is appealing a federal regulatory ruling that requires it to repair the track.
Hudson Bay Railway Co. was ordered last week by the Canadian Transportation Agency to immediately begin repairs to the track, which is the only land link to the subarctic community of 900 people.
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Magna plans electric vehicle joint ventures with Chinese company

Magna International Inc. says it will form two new joint ventures with a Chinese company to engineer and build electric vehicles.
The Ontario-based auto parts company and Beijing Electric Vehicle Co. Ltd., a subsidiary of the BAIC Group, are expected to take over an existing BAIC manufacturing facility where the first production vehicles are planned for 2020.
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Quarter of seafood sold in Metro Vancouver is mislabelled: researchers

VANCOUVER -- A new study shows that up to a quarter of the seafood sold in Metro Vancouver is mislabelled, with tilapia masquerading as snapper and catfish passing as cod.
Researchers at the University of British Columbia collected 281 samples of fish and other seafood from restaurants and grocery stores, then tested the DNA to determine the true species.
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Morneau didn't break conflict law introducing pension bill: ethics watchdog

Finance Minister Bill Morneau wasn't in a conflict of interest when he introduced a pension bill in the House of Commons while he still owned shares in his family's pension services company, according to the ethics commissioner.
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Saputo urges end to milk ingredients pricing system opposed by U.S.

Saputo Inc., one of Canada's largest dairy companies, wants to end a domestic milk ingredient pricing system that has angered the United States, chief executive Lino Saputo Jr. said on Monday, showing a rare crack in solidarity among processors and the country's sheltered dairy farmers.
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Baytex Energy and Raging River Exploration sign $2.8B merger deal

Baytex Energy Corp. and Raging River Exploration Inc. have signed a $2.8-billion deal to merge in a bid to boost the companies' East Duvernay Shale operations in Alberta.
The combined company, which will operate under the Baytex name, is expected to have production of approximately 94,000 barrels of oil equivalent per day from a diverse portfolio of oil assets that includes the Viking, Peace River, Lloydminster and East Duvernay Shale regions in Canada and the Eagle Ford region in Texas.
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