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U.S. sanctions squeeze Iran middle class, upend housing sector

TEHRAN, Iran -- Stay-at-home mom Maryam Alidadi used to lead a comfortable middle-class life. The 35-year-old and her husband, a mechanic, could afford a spacious rental apartment in a central neighbourhood of Tehran, along with a car, occasional restaurant meals and holidays abroad.
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Trump meets with chipmakers on Huawei, other economic issues

WASHINGTON -- President Donald Trump met with executives from several of the nation's leading chip and computer part makers Monday and discussed restrictions his administration has imposed on the sale of components to Chinese telecommunications giant Huawei, the White House said.
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CannTrust files response to Health Canada, names special committee members

TORONTO - CannTrust Holdings Inc. has officially responded to Health Canada's finding that the cannabis company ran afoul of its regulations, including unlicensed cultivation at its Ontario greenhouse.
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Pipeline spill in northwest Alberta releases 100,000 litres of contaminated water

A pipeline spill in northwest Alberta last week that released 100,000 litres of water laden with salt and hydrocarbons is being cleaned up.
The spill, about 45 kilometres southeast of Peace River, happened Wednesday from a pipeline owned by Calgary-based Baytex Energy, the Alberta Energy Regulator reported Monday.
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Canadian engineering giant SNC-Lavalin announced a major organizational change on Monday, one that will see the company possibly get out of the oil and gas business and stop pursuing one kind of contracting work entirely.
Before stock markets opened on Monday, the company announced it will take a $1.9 billion writedown on its quarterly earnings to reflect the changes it plans to make, including a pivot back toward the kind engineering work that it sees as key to its future.
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British Airways pilots vote to strike in pay dispute

LONDON -- British Airways pilots voted overwhelmingly to take strike action amid a long-running dispute over pay, their union said Monday.
The British Airlines Pilots Association accused the airline of making massive profits on the back of sacrifices made during hard times.
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Canadian engineering giant SNC-Lavalin announced a major organizational change on Monday, one that will see the company possibly get out of the oil and gas business and stop pursuing one kind of contracting work entirely.
Before stock markets opened on Monday, the company announced it will take a $1.9 billion writedown on its quarterly earnings to reflect the changes it plans to make, including a pivot back toward the kind engineering work that it sees as key to its future.
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Court dismisses challenge of deal that helps U.S. nab tax cheats in Canada

OTTAWA -- A judge says a Canada-U.S. deal aimed at zeroing in on tax cheats north of the border does not violate the Charter of Rights and Freedoms.
In a ruling today, Federal Court of Canada Justice Anne Mactavish dismissed an appeal from two American citizens, Gwendolyn Louise Deegan and Kazia Highton, who now live in Canada and have no real ongoing connection with the United States.
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Canadian engineering giant SNC-Lavalin announced a major organizational change on Monday, one that will see the company possibly get out of the oil and gas business and stop pursuing one kind of contracting work entirely.
Before stock markets opened on Monday, the company announced it will take a $1.9 billion writedown on its quarterly earnings to reflect the changes it plans to make, including a pivot back toward the kind engineering work that it sees as key to its future.
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Calgary-based AltaGas selling U.S. solar, fuel cell power plants for $940M

AltaGas Ltd. says it is selling its portfolio of U.S. distributed electricity assets held by subsidiaries WGL Energy Systems and WGSW Inc. to TerraForm Power, an affiliate of Brookfield Asset Management, for $940 million.
The portfolio consists of 322 megawatts of generation facilities in 20 states and the District of Columbia, including 291 MW of commercial and industrial solar, 10 MW of fuel cells and 21 MW of residential solar assets.
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SNC-Lavalin books $2B charge, announces reorganization

MONTREAL -- SNC-Lavalin Group Inc. warns its 2019 results could be significantly lower than anticipated, largely due to cost overruns at some construction projects and says it will undergo a reorganization to exit or section off its poorer performing segments.
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Aimia sues largest shareholder over alleged breach of contracted truce

MONTREAL -- Aimia Inc. has filed a lawsuit against its largest shareholder that accuses the dissident investor of violating a contracted truce, the latest move in a battle over control of the company's board of directors.
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SNC-Lavalin charts new course, aims to shift away from construction and oil

MONTREAL -- SNC-Lavalin Group Inc. is slashing its profit forecast for the third time this year as the company's new CEO veers away from construction and oil projects to double down on engineering.
The beleaguered firm said Monday it is quitting the competitive field of fixed-price contracts, which leave companies vulnerable to cost overruns.
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