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City hall working despite Toronto mayor’s ‘crack cocaine’ scandal, deputy says
TORONTO – Toronto’s deputy mayor says city government is still functioning despite the raging scandal engulfing Mayor Rob Ford over an alleged crack cocaine video. At the same time, Doug Holyday says it’s urgent for Ford to deal with the allegations that gained attention around the world. More than a week ago, the American website
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Manitoba Tel to sell Allstream to Accelero, put $130 million into pension
WINNIPEG – Manitoba Telecom Services Inc. (TSX: MBT) has agreed to sell its national telecommunications arm, Allstream, to Accelero Capital Holdings. Accelero is an investment group focused on telecommunications, digital media and technology companies. Winnipeg-based MTS says the deal values Allstream at $520 million. Manitoba Tel says it expects to realize $405 million from the
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National Bank hiking dividend following strong second-quarter financial results
MONTREAL – National Bank of Canada (TSX:NA) announced a dividend increase and share buyback Friday along with financial results that beat analyst estimates. National Bank says its adjusted earnings hit a record $369 million — up six per cent from the same time last year. The adjusted earnings equalled $2.08 per share, which was above
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CRTC hits Alberta’s Wildrose Party with $90,000 fine for robocalls in 2011, 2012
EDMONTON – Alberta’s Opposition Wildrose Party says it has paid a $90,000 penalty imposed by federal regulators for violating automated phone call rules. The Canadian Radio-television and Telecommunications Commission says Wildrose broke the rules before, during and after the April 2012 provincial election. Wildrose president David Yager (YAY-ger) says the company that made the automated
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Federal Court upholds 2011 election results in ‘robocall’ ridings
OTTAWA – The Federal Court has rejected a bid to overturn the results in six federal ridings from the 2011 election — but both sides are claiming victory in the so-called robocalls affair. The Conservatives proclaimed the ruling a vindication, insisting it proves there was no wrongdoing by the party or any of the Tory
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Keystone makes TransCanada more cautious about future U.S. forays: executive
CALGARY – A senior TransCanada Corp. executive says the resistance to the approval of the proposed Keystone XL oilsands pipeline has made the company more cautious about future cross-border endeavours. Alex Pourbaix, president of energy and oil pipelines at the Calgary-based pipeline and utility company (TSX:TRP), said the long delays getting Keystone approved in the
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Mount Cashel orphanage survivors reach settlement worth more than $16.5 million
ST. JOHN’S, N.L. – Survivors of abuse at the Mount Cashel Orphanage in St. John’s, N.L. have reached a settlement with the Christian Brothers of Ireland worth more than $16.5 million. The settlement with the Catholic religious order includes cash plus other assets that must still be approved in court. Lawyer Geoff Budden represents 90
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Duffy says he’s won’t quit Senate in first public comments since expense scandal
OTTAWA – Mike Duffy is blowing off any talk of his voluntary resignation from the Senate amid an expense scandal that has reached all the way to the Prime Minister’s Office. Duffy spoke out today, his first public comments since resigning last week after it was revealed he had made inappropriate expense claims and then
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Legislature to reconvene this summer to pass balanced budget: Christy Clark
VANCOUVER – Fresh from her come-from-behind election win, B.C. Premier Christy Clark plans to recall the legislature this summer to pass her balanced budget. Speaking to her newly-elected caucus members as well as defeated candidates for the first time since election night on May 14, Clark says the party must now make good on its
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Car bombs used to enforce corrupt construction system in Quebec, inquiry hears
MONTREAL – A witness at Quebec’s corruption inquiry has described how his car was once blown up when he ran afoul of an asphalt cartel. Gilles Theberge was a director at Sintra, a construction company that was one of four partners in a cartel that controlled the supply of asphalt around Montreal. He says they