Tag: cuts

Tax advantage better in Canada even after Trump cuts: Finance document

OTTAWA — Finance Minister Bill Morneau was told months before he gave a federal helping hand to the country’s businesses that companies operating in Canada faced a better tax environment than in the United States — even after the Trump administration’s sharp tax cuts. The August 2018 analysis said the American tax reforms had “reduced,…

CN cuts profit guidance due to strike, layoffs still planned despite backlog

MONTREAL – Canadian National Railway Co. cut its profit forecast Tuesday in the wake of an eight-day strike by 3,200 workers that brought the railway to a near halt. CN now predicts 2019 adjusted diluted earnings per share will grow in the mid single-digit range, down from earlier guidance targeting the high single-digits. The strike…

Doug Ford says he’ll ‘get it right’ after backing down on controversial funding cuts

Premier Doug Ford has been backing down on some of the Progressive Conservatives’ most controversial moves to clear the political debris blocking his government’s way forward. From cancelling planned welfare cuts for vulnerable children and abandoning regional government reform to retreating on the Toronto subway upload, the Tories are putting problems behind them as they…

NBA cuts off media access to players for remainder of China trip

The NBA announced Friday that the Los Angeles Lakers and the Brooklyn Nets will not talk with reporters for the remainder of their stay in China, where they are set to play one last exhibition game on Saturday. “We have decided not to hold media availability for our teams for the remainder of our trip…