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Honda delays $15-billion EV project citing demand, shifts some CR-V output to U.S.

Honda delays $15-billion EV project citing demand, shifts some CR-V output to U.S.

TORONTO — Honda has postponed a $15-billion electric vehicle project in Ontario, citing market demand, and is shifting some production of its popular CR-V model intended for the U.S. market to its Ohio plant because of tariffs.
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Newfoundland mayor says town in transition after oil project phase completed

Newfoundland mayor says town in transition after oil project phase completed

ST. JOHN'S — A Newfoundland and Labrador mayor says his region is facing a transition period after a massive concrete platform was towed out of the town last week, on its way to an offshore oilfield. Keith Pearson, mayor of Placentia, N.L.
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Trump lays out Mideast vision as he looks to revamp US approach in Iran, Syria and beyond

Trump lays out Mideast vision as he looks to revamp US approach in Iran, Syria and beyond

RIYADH, Saudi Arabia (AP) — President Donald Trump on Tuesday held out Saudi Arabia as a model for a reimagined Middle East, using the first major foreign trip of his term to emphasize the promise of economic prosperity over instability in a region r
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Parkland-Sunoco deal comes amid fraught U.S.-Canada relations, resource nationalism

Parkland-Sunoco deal comes amid fraught U.S.-Canada relations, resource nationalism

CALGARY — Ottawa is weighing the proposed takeover of Calgary-based Parkland Corp. by American fuel distributor Sunoco LP at a time of fraught Canada-U.S. relations and amped-up resource nationalism. The US$9.
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Ontario mayor remains hopeful Honda's EV plant will be built, despite delay

Ontario mayor remains hopeful Honda's EV plant will be built, despite delay

The mayor of an Ontario municipality set to be the home for Honda's now-postponed $15-billion electric-vehicle project said Tuesday he is not giving up hope on the plant.
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Nova Scotia to lift licensing moratorium for buyers and processors in seafood sector

Nova Scotia to lift licensing moratorium for buyers and processors in seafood sector

HALIFAX — Nova Scotia is lifting two long-standing moratoriums on new buyer and processor licences for seafood as it looks to grow the multibillion-dollar sector, the provincial government announced Tuesday. Beginning Aug.
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Robinhood Markets signs deal to buy WonderFi Technologies for $250M

Robinhood Markets signs deal to buy WonderFi Technologies for $250M

TORONTO — Robinhood Markets Inc. has signed a deal to buy Canadian cryptocurrency company WonderFi Technologies Inc. for $250 million. WonderFi owns cryptocurrency platforms Bitbuy and Coinsquare.
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Hudson's Bay creditor protection extended until July 31

Hudson's Bay creditor protection extended until July 31

TORONTO — An Ontario court has extended Hudson’s Bay’s reprieve from the hundreds of businesses it owes money until the end of July.
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Key portfolios for business community to watch as Carney's cabinet sworn in

Key portfolios for business community to watch as Carney's cabinet sworn in

Canada's business community will be monitoring files across various portfolios after Tuesday's swearing-in of Prime Minister Mark Carney's new cabinet.
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Theft of NS Power customer data is likely ransomware attack: security experts

Theft of NS Power customer data is likely ransomware attack: security experts

HALIFAX — Security experts say the theft of customer data from Nova Scotia's electric utility has the hallmarks of an extortion attempt by cybercriminals.
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