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Business News Summary Headlines

Company releases, economic news, and business coverage.

European regulators clear Dow Chemical-DuPont merger

BRUSSELS - The European Union approved the proposed merger of Dow Chemical and DuPont on Monday, declaring itself satisfied with commitments the companies have made to divest businesses.

Both plan to join in a $62 billion deal and then break apart into three separate, publicly traded companies. Those companies would focus on agriculture, material science, and the production and sale of specialty products.

Monday, March 27, 2017 | 11:56 AM

Toronto stock index up as U.S. markets fall, Canadian dollar flat

TORONTO - Rising gold and resource stocks have helped Canada's main stock index outpace its U.S. counterparts today.

The Toronto Stock Exchange's S&P/TSX composite index was up 18.84 points to 15,461.05 after 90 minutes of trading.

Monday, March 27, 2017 | 11:43 AM

Vancouver Island First Nation gives nod to proposed LNG export facility

VANCOUVER - A First Nation on Vancouver Island has approved a proposed liquefied natural gas export facility on its traditional territories.

Members of the Huu-ay-aht First Nation voted 70 per cent in favour of the development planned by Steelhead LNG at Sarita Bay, near Port Alberni.

Monday, March 27, 2017 | 11:19 AM

US economy to grow slower than Trump pledges, survey finds

WASHINGTON - U.S. economic growth is expected to accelerate this year and next, yet remain modest, even if President Trump's promised tax cuts and infrastructure spending are implemented, a survey found.

The economy will grow a solid 2.3 per cent this year and 2.5 per cent in 2018, according to 50 economists surveyed by the National Association for Business Economics. Those rates would be up from 2016's anemic pace of 1.6 per cent.

Monday, March 27, 2017 | 09:24 AM

Niagara Falls' Maid of the Mist boats planning early launch

NIAGARA FALLS, N.Y. - The Maid of the Mist tour boats at Niagara Falls are being readied for their earliest launch ever.

The famed boats that bring passengers from the New York shore to the base of the falls in the lower Niagara River will open the 2017 season on Saturday.

Monday, March 27, 2017 | 09:20 AM

Rule Britannia: firms bet on British allure to get by Brexit

LONDON - Tim Barlow pushes a green stamp onto the edge of an unfinished plate, leaving behind the words "Made in England."

It's still a piece of unglazed grey clay, a far cry from the gleaming decorated disc of Wedgwood Jasperware it will become, but Barlow and his employers are betting those words will be a selling point as Britain begins the process of leaving the European Union.

Monday, March 27, 2017 | 09:19 AM

New Brunswick lowers small business income tax rate to three per cent

FREDERICTON - The New Brunswick government is cutting the small business income tax rate to three per cent as of April 1.

It is the third cut to the rate since January, 2015, when the rate was 4.5 per cent.

Monday, March 27, 2017 | 09:17 AM

Canadian Federation of Humane Societies lauds new code for egg-laying hens

The Canadian Federation of Humane Societies says consumers want information about how the eggs they buy are raised, including the living conditions of egg-laying hens. Here are some terms:

Free Range: Hens live in a cage-free environment and have regular access to outdoors for foraging, dust bathing and time in the sun.

Monday, March 27, 2017 | 09:13 AM

Trudeau minister hopes budget will help 'aggressive' push to woo foreign brains

OTTAWA - A Trudeau cabinet minister entrusted with bringing high-level talent to Canada hopes new budgetary measures will help his determined efforts to recruit brains from abroad.

Following last week's federal budget, Economic Development Minister Navdeep Bains feels he has even more to offer top-notch workers, scientists and scholars who might consider a move from the United States across the northern frontier.

Monday, March 27, 2017 | 09:03 AM

Crackdown creates meat shortage in most populous India state

LUCKNOW, India - India's most populous state is running out of meat.

After the Hindu right-wing Bharatiya Janata Party came to power in Uttar Pradesh this month on the back of a resounding electoral victory and named a Hindu priest-cum-politician as the state's chief minister, the government began cracking down on illegal slaughterhouses and meat shops.

Monday, March 27, 2017 | 08:44 AM