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Winners, yes, but more losers under province’s pot plan

The province’s plan to create government-run standalone stores for recreational marijuana sales lit up pot stocks and the LCBO’s chief executive Friday, but it also left many others high and dry. Here’s a look at the winners and losers in Ontario in the lead-up to legalization next July: WINNERS Marijuana producers: Shares of pot producers all went predictably higher on …

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PM willing to improve small biz tax plan but won’t abandon in face of backlash

KELOWNA, B.C. – Justin Trudeau kicked off a Liberal caucus retreat Wednesday insisting his government won’t back down on a plan to end tax provisions that it maintains give some wealthy small business owners an unfair advantage. The prime minister’s opening message to caucus pre-empted Liberal backbenchers who’ve come to the retreat poised to press for changes to the tax …

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Rising interest rates a warning to consumers that low rates aren’t permanent

The Bank of Canada’s second interest rate increase this summer has financial experts warning that more could be on the way, and now is the time for Canadians to take a serious look at their debt. Patricia White, executive director at Credit Counselling Canada, says years of increased borrowing at low interest rates means many people aren’t prepared for the higher costs …

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Trudeau blasts Boeing over dispute with Bombardier in call with U.S. governor

OTTAWA—Prime Minister Justin Trudeau has taken up the federal government’s battle with Boeing Co. with the governor of Missouri, where the U.S. aerospace giant builds its Super Hornet fighter jets. In what appears to have been a frank phone call Tuesday with Gov. Eric Greitens, Trudeau made note of the number of Missouri jobs that depend on the jets and the fact …

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A rate hike is coming — what’s unclear is how the economy will react

No one doubts the Bank of Canada will raise interest rates again soon. The country’s economy has turned out to be much stronger than anyone was predicting only a few months ago, giving policy makers scope to bring rates back up to more normal levels. The only debate is whether Governor Stephen Poloz will move at Wednesday’s meeting or wait …

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Boeing won’t back down in standoff with Bombardier and Liberal government

OTTAWA—Boeing Co. has no plans to back down in its trade dispute with Canadian rival Bombardier — a high-stakes, cross-border conflict that the U.S. transportation giant says could have long-term ramifications for the future of the entire aerospace sector. The potential consequences of the Boeing-Bombardier standoff extend beyond any single deal — especially for Boeing itself, said Marc Allen, president …

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Juicero shuts down businesses, offers refunds for its $400 machines

SAN FRANCISCO—Juicero Inc., the vegetable and fruit juice startup that raised more than $100 million (U.S.) from investors, said it will suspend sales, offer refunds to customers and search for a buyer for the company. The decision to shut down its business comes four months after a Bloomberg report that the company’s juice packets could be squeezed by hand and …

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Trudeau says he ‘will make no apologies’ over small business tax plan backlash

OTTAWA—Justin Trudeau says he’s paying attention to the growing dissent over his government’s controversial plan to eliminate tax incentives that he insists only benefit wealthy small business owners. But the prime minister said Friday he “will make no apologies” for the Liberal government’s commitment to helping the so-called middle class, even at the expense of the wealthiest Canadians. Speaking to …

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