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Newfoundland and Labrador to cut 287 management jobs from civil service ranks

ST. JOHN'S, N.L. - Newfoundland and Labrador's Liberal government is cutting 287 management jobs from its civil service.

Finance Minister Cathy Bennett said it's a difficult decision, but the province has to move to create a "flatter, leaner" civil service, resulting in savings of $20 million to $25 million annually.

Wednesday, February 22, 2017 | 09:44 AM

Unilever reviewing options after Kraft Heinz withdraws bid

NEW YORK - Unilever is reviewing options after rival Kraft Heinz withdrew a $143 billion takeover offer.

The owner of brands including Hellman's and Lipton says it is "conducting a comprehensive review of options available" to boost shareholder value quickly. It expects the review to be completed by early April, but did not specify what it might entail.

Wednesday, February 22, 2017 | 09:28 AM

Broad tax breaks, targeted spending increases in B.C. pre-election budget

VICTORIA - British Columbia's government is staking its re-election on a nearly $1 billion cut in medical service premiums, a small business tax reduction and carefully targeted spending increases on education, health and child welfare in a 2017-18 budget that projects a fifth consecutive surplus.

Finance Minister Mike de Jong said Tuesday the government will move to eliminate unpopular medical service plan premiums, starting with a 50-per-cent cut next year that will see a family earning up to $120,000 annually saving up to $900 in 2018.

Wednesday, February 22, 2017 | 09:13 AM

Ontario deficit down to $1.9 billion; higher revenue, use of reserve

TORONTO - Ontario's deficit for this fiscal year is down to $1.9 billion, due in part to higher tax revenues, a hot housing market and the use of the province's reserve.

The government had projected $4.3 billion in last year's budget, and the lower deficit puts the government closer to presenting a balanced budget this spring.

Wednesday, February 22, 2017 | 09:13 AM

Alberta Energy Regulator names companies falling behind on safety in new report

CALGARY - The Alberta Energy Regulator is making it easier for the public to see which oil and gas companies are falling behind on pipeline safety.

The regulator launched a new pipeline reporting website Tuesday that lays out several pipeline safety ratings for all operators in the province over the past two years.

Wednesday, February 22, 2017 | 09:05 AM

Confront risks of financial technologies to reap benefits: federal regulator

OTTAWA - The head of Canada's financial intelligence unit warns that regulators must grapple with the challenges of emerging financial technologies, some of which he says have been exploited by terrorism and organized crime.

But while it's necessary to safeguard consumers and the country's financial stability from the risks posed by some of these innovations, public oversight should avoid slowing progress in a fast-growing area filled with potential, the director of Fintrac said Tuesday.

Wednesday, February 22, 2017 | 09:04 AM

Asian stocks mixed as investors await Fed meeting minutes

SEOUL, Korea, Republic Of - Asian stock markets were mixed with subdued movements on Wednesday, getting little push from the Wall Street's record high overnight, as investors awaited the Fed's latest meeting minutes due later in the day for clues about the U.S. central bank's views on interest rates.

KEEPING SCORE: Japan's Nikkei 225 fell 0.2 per cent to 19,345.12 while South Korea's Kospi added 0.2 per cent to 2,106.18. Hong Kong's Hang Seng index jumped 0.8 per cent to 24,154.38 and Shanghai Composite Index inched down 0.1 per cent to 3,250.25. Australia's S&P/ASX 200 gained 0.1 per cent to 5,797.80. Stocks in Southeast Asia were mixed.

Tuesday, February 21, 2017 | 10:23 PM

English teacher pleads guilty in Japan financial fraud case

HONOLULU - A man who taught English at a well-known chain of foreign language schools in Japan pleaded guilty Tuesday to defrauding his students out of more than $230,000.

As part of a plea deal with prosecutors, Rick Mikaele pleaded guilty to mail fraud and impersonating a federal officer or employee.

Tuesday, February 21, 2017 | 07:51 PM

Reaction mixed from interest groups responding to B.C.'s 2017-18 budget

VICTORIA - British Columbia's 2017-18 budget was announced Tuesday by Finance Minister Mike de Jong and elicited mixed reactions from interest groups across the province.

Carole James, Opposition NDP finance critic:

Tuesday, February 21, 2017 | 07:22 PM

Milo Yiannopoulos apologizes for remarks, quits Breitbart

NEW YORK - Polarizing right-wing writer Milo Yiannopoulos was by turns apologetic for comments he made about sexual relationships between boys and men and adamant he had been the subject of "a cynical media witch hunt" on Tuesday as he spoke after resigning as an editor at Breitbart News.

Yiannopoulos opened his remarks to reporters by saying two men, including a priest, had touched him inappropriately when he was between the ages of 13 and 16.

Tuesday, February 21, 2017 | 07:11 PM