financializer news A weblog highlighting financial topics making news in the international media.

reproduction: The government-organised United as One exhibition today saw the 12 Wild Boars' speak to members of the public - and featured a makeshift reproduction of the cave with simulated sounds of water dripping, according to Nine News Australia. In one video of the event shared to social media, the boys were captured crawling through the confined tunnel. To improve your experience update it here News World Thai cave boys re-enact rescue in shopping centre3 08pm Sep 7, 2018Facebook Tweet Mail The Thai cave boys and their soccer coach whose amazing rescue captivated the world have made a bizarre appearance at a Bangkok shopping centre. The event at the Bangkok shopping centre saw the boys re-enact crawling through the caves. They boys took to the stage stiffly to express their gratitude to King Maha Vajiralongkorn Bodindradebayavarangkun, and all who helped in their rescue from the cave network in the Chiang Rai Province in July. AAP Equipment used by rescuers and other items were also on show. (news.financializer.com). As reported in the news.

wilson: Premier Doug Ford makes a point during question period, with Health Minister Christine Elliott, and Trade Minister Jim Wilson at Queen's Park last month, according to The Toronto Star. In a statement, Wilson blamed Ontario's dismal August job numbers on the previous Liberal government. That's the province's greatest loss of jobs in a Statistics Canada monthly employment survey since the 2009 global recession, though it seems largely due to seasonal fluctuation. The latest job numbers are a reminder of the Wynne Liberals' 15-year legacy of scandal, waste and mismanagement, the minister said. Still, last month's decline of 80,100 jobs is the sharpest drop since January 2009 when 95,700 jobs vanished during the biggest international financial crisis since the Great Depression. Rick Madonik / Toronto Star While Ontario's unemployment rate rose to 5.7 per cent in August up 0.3 percentage points from July it remains lower than Canada's national average of 6 per cent and well under the 8 per cent during the depth of the worldwide slump. (news.financializer.com). As reported in the news.

scott morrison: But Scott Morrison has vowed they will reap the rewards in due course, according to Nine News Australia. I know all Australians aren't feeling that yet. To improve your experience update it will feel economic wins PM10 28am Sep 7, 2018Facebook Tweet Mail Not all Australians are experiencing the benefits of the economy growing at its fastest pace in years, the prime minister has acknowledged. I know, I know, he told reporters in Melbourne on Friday. His comments come after Labor jumped on new economic data and budget analysis this week to argue the economy is not working in the interests of middle Australians. That's why we have to stick to the plan to keep our economy strong, so those benefits can reach all Australians. (news.financializer.com). As reported in the news.

wage: Economists had predicted the economy would add around 192,000 and that the unemployment rate would fall to 3.8%, down from 3.9% last month, according to The Guardian. Sign up to receive the top US stories every morning Wage growth picked up slightly in August, rising 2.9% from a year earlier. There are signs that the rate is slowing, however, and wage growth continues to lag as it has done since the end of the Great Recession. But the rate of growth remains sluggish and hasn't beaten 3% since 2009 despite the record number of jobs added. Those figures showed 147,000 jobs added in July and 208,000 in June. The jobs figures for July and August were revised down. (news.financializer.com). As reported in the news.

kind: It was Spain who utilised this ploy to avoid a terrifying semi-final fixture with the English at this year's World Cup, a match they would have been forced to play had they only not lost to Russia and also beaten Croatia, according to The Guardian. But this weekend the run stops, kind of. How the tides have turned. The Uefa Nations League group stage is not exactly the pinnacle of the sport, but unlike the last seven encounters dating back to Euro 96, this is a game which will be recorded in the history books with something other than FR after the scoreline. The England coach suggested he was unlikely to pick a team that differed significantly from the one that marched to fourth-placed glory in Russia. Gareth Southgate is certainly taking the game seriously, as his attention switches to Euro 2020. (news.financializer.com). As reported in the news.

announcement marks: Thursday's announcement marks the first time US prosecutors have brought criminal charges against an official associated with the Sony breach and other attacks, with the DOJ targeting North Korean computer programmer Park Jin Hyok, according to CNN. A Justice Department official said there has been no communication with the North Korean government about Park or any efforts to capture him. North Korea has been linked to some of the most high-profile cyberattacks in recent years, and its hack on Sony Pictures Entertainment lead the Obama administration to impose economic sanctions against the country's government agencies and senior officials. Why the United States needs a cyber accord with North Korea The 172-page complaint, which includes one count of conspiracy to commit computer fraud and one count of conspiracy to commit wire fraud, was filed in Los Angeles federal court on June 8, but Justice officials declined to say why it was unsealed Thursday. Read More Today's announcement demonstrates the FBI's unceasing commitment to unmasking and stopping the malicious actors and countries behind the world's cyberattacks, said FBI Director Christopher Wray in a statement. The officials did say, however, that the investigation is ongoing and while Park is the only individual charged at this time, the complaint makes clear that he worked with others. (news.financializer.com). As reported in the news.

australian competition: He will say Australians have elected female prime ministers and premiers, and women have been appointed to senior roles in the courts, but Australia has never had a female treasury secretary, or Reserve Bank governor, or chair of the Australian Competition and Consumer Commission, or financial services regulators, or the Future Fund or the Productivity Commission, according to The Guardian. We need to change that, Leigh will say Friday. Leigh will use a speech to the Women in Economics Network on Friday to argue part of the reason the gender gap and inequality in the tax system is not being addressed strategically is because women are not prominent enough in economic agencies. Good policies for women are more likely to emerge when there are more women in the room. In the national parliament, women make up 32.4% of participants. Leigh will also point to comparatively low levels of parliamentary representation as a relevant consideration. (news.financializer.com). As reported in the news.

ex-deputy pm: Source Bloomberg RELATED ARTICLESSalvini Grasps Whip Hand in Italy and Sets Sights on Top Job As Pain Spreads, Europe's Looking Like Another Emerging Market German Factory Orders Unexpectedly Drop Amid Trade Fears More From Bloomberg Surveillance' Full Show 09/07/2018 16 hours ago11 20Italy Has Crisis of Confidence in Markets, Gentiloni Says06 31Russia's Ex-Deputy PM Says U.S. Relations Can Improve With Trust03 37Bremmer Sees Democrat Momentum' in House at Midterms All episodes and clips Bloomberg Markets Bloomberg Markets is focused on bringing you the most important global business and breaking markets news and information as it happens, according to Bloomberg. More episodes and clips09 20Debating the Future of the U.S. Bull Market01 49How to Trade Target in the Current Consumer Markets Balance of Power' Full Show President Tim Clark Says Trade Disputes May Produce Healthier the world with Bloomberg News More episodes and clips02 08China Could Soon Become the Detroit of Electric Cars02 21These People Want to Save the World - And Turn a Profit While They're At It03 21Why China Can No Longer Hide Its Health Scandals02 23The World's Biggest Cities Are Preparing for More Super Storms The David Rubenstein Show The David Rubenstein Show Peer-to-Peer Conversations explores successful leadership through the personal and professional choices of the most influential people in business. He talks with Francine Lacqua on Bloomberg Surveillance. More episodes and clips24 03The David Rubenstein Show Dr. Jim Yong Kim24 05The David Rubenstein Show Oscar Munoz24 02The David Rubenstein Show Dennis Muilenburg24 01The David Rubenstein Show Richard Branson See all shows (news.financializer.com). As reported in the news.

future: More episodes and clips09 20Debating the Future of the U.S. Bull Market01 49How to Trade Target in the Current Consumer Markets Balance of Power' Full Show President Tim Clark Says Trade Disputes May Produce Healthier the world with Bloomberg News More episodes and clips02 08China Could Soon Become the Detroit of Electric Cars02 21These People Want to Save the World - And Turn a Profit While They're At It03 21Why China Can No Longer Hide Its Health Scandals02 23The World's Biggest Cities Are Preparing for More Super Storms The David Rubenstein Show The David Rubenstein Show Peer-to-Peer Conversations explores successful leadership through the personal and professional choices of the most influential people in business, according to Bloomberg. More episodes and clips24 03The David Rubenstein Show Dr. Source Bloomberg react-empty 306 More From Bloomberg Technology' Full Show 9/72018 14 hours ago06 34Facebook Is 'Ivory Tower' and Needs to Engage Investors Better, Arjuna's Lamb Says15 hours ago03 39Why Alex Jones Is Permanently Banned From Twitter15 hours ago06 36Musk's Behavior Signals Confidence, Tesla Bull Munster Says15 hours ago All episodes and clips Bloomberg Markets Bloomberg Markets is focused on bringing you the most important global business and breaking markets news and information as it happens. Jim Yong Kim24 05The David Rubenstein Show Oscar Munoz24 02The David Rubenstein Show Dennis Muilenburg24 01The David Rubenstein Show Richard Branson See all shows (news.financializer.com). As reported in the news.

generation: The minister says the region is playing host to the defining great power competition of the current generation, according to Nine News Australia. He says China's economy and influence is growing rapidly, yet the United States remains Australia's closest friend and ally. To improve your experience update it here News National Aust 'uniquely' placed in power struggle4 58pm Sep 6, is uniquely placed to help manage the competition for power in the Asia-Pacific, new Defence Minister Christopher Pyne says. The Australian government is firmly committed to maintaining a constructive, positive relationship with China founded on our broad mutual interests and on mutual respect for our mutual benefit, he told the Land Forces conference in Adelaide on Wednesday. Mr Pyne said other issues he intended to focus on as defence minister were growing Australia's military relations with Japan, India and other south Pacific nations and enhancing the nation's military capability and maintaining its technological edge. Our long friendship with both nations and our close economic and people-to-people links place us in a unique position to help manage this vital relationship. (news.financializer.com). As reported in the news.

metal detector: Sacha Baron Cohen punks politicians in 'Who is America ' Moore was interviewed by Cohen, who pretended to be an Israeli anti-terrorism expert who had a pedophile detector, according to CNN. During the episode, the device -- which looks like a hand-held metal detector -- was shown beeping near Moore, implying that he was a pedophile. The Alabama politician appeared on July 29 on the actor's controversial Showtime series, Who is America On the satirical program, Cohen spins off a concept he originated with Da Ali G Show by appearing as characters in interview segments and skits with subjects who are not in on the joke. The former chief justice of the Alabama Supreme Court had faced a firestorm of child molestation and sexual assault allegations during his Senate campaign last year. Read More Moore and his wife, Kayla, are suing Cohen, Showtime and its corporate owner, CBS, for defamation, intentional infliction of emotional distress and fraud in connection with the episode, according to a federal complaint filed Wednesday in the District of Columbia. He has denied any sexual misconduct. (news.financializer.com). As reported in the news.

door: What The Fiver can tell you is that, ostensibly a tournament organised in a bid to make friendly internationals slightly less irrelevant, the Nations League should be taken seriously by countries like the Republic O'Ireland and Wales, as it could provide a welcome opportunity for them to get in the back door to Euro 2020 when they inevitably lose at home to Latvia or Cyprus and make a pig's ear of qualifying in the more traditional route, according to The Guardian. In short, this is the kind of game even Wales manager Ryan Giggs might turn up for, rather than pull out with one of those mysterious niggles that invariably used to be diagnosed by his personal physician Dr Ferg around international break-time when he was a player. Questions like what is the Nations League and how does it work and has anyone told the players the full answers to which are only known by two eggheads at Uefa who aren't allowed to travel on the same plane together in case it crashes and the information is lost. International football and Nations League 10 things to look out for Read more Having failed to make the Ethics World Cup following their excellent showing at the previous Euros, Wales will be eager to exact revenge on an O'Ireland side that ruined their chances and who went on to be hockeyed by Christian Eriksen, since replaced in the Denmark team by a part-time barman, in a two-legged qualifier for Russia. In the adjacent technical area, he will see the familiar if not particularly friendly faces of fellow ITV pundits and World Cup drinking buddies Martin O'Neill and Roy Keane. Wales have played three friendlies on foreign soil under Giggs, but his reign really begins in earnest before an expectant home crowd in Cardiff. (news.financializer.com). As reported in the news.

photo aphria: Licensed producer Aphria Inc. says it has exited the U.S. market for now by completing the sale of its remaining holdings in Liberty Health Sciences Inc, according to The Toronto Star. Aphria / THE CANADIAN PRESS file photo Aphria said it will re-enter the American market and become a significant player in the U.S. cannabis industry when its federal laws are changed. The Ontario-based company said it has signed an agreement with a group of buyers to sell 64.1 million shares in Liberty Health for 59.1 million. Read more Cannabis company Aphria expands to South America, Jamaica with acquisition Article Continued Below Weed company Aphria sells part of stake in U.S. firm as it pulls from country Aphria strikes deal with wine and spirits supplier Southern Glazer's for cannabis distribution We view this decision as only a temporary departure from investment in the U.S. cannabis industry until such time as U.S. federal cannabis laws are reformed, stated CEO Vic Neufeld. It retains an irrevocable option to repurchase the shares for up to five years. react-empty 139 The shares will be held in escrow until a five-year promissory note due in 2023 is paid. We have always believed in the tremendous opportunity in the U.S. cannabis market, and that is no different today. (news.financializer.com). As reported in the news.

gas: A St, according to CNN. Clair Shores, Michigan, police officer overheard her request and surprised her by adding an extra 20 bucks of gas to her tank. She asked the attendant to put 3 on pump number three. (news.financializer.com). As reported in the news.

revolution: It's a critical juncture After thousands of years of most people on the planet living as serfs, as slaves or in other destitute scenarios, half the population now has the financial means to be able to do more than just try to survive, according to The Toronto Star. There was almost no middle class before the Industrial Revolution began in the 1830s, Kharas said. Kharas defines the middle class as people who have enough money to cover basics needs, such as food, clothing and shelter, and still have enough left over for a few luxuries, such as fancy food, a television, a motorbike, home improvements or higher education. It was just royalty and peasants. Today, the middle class totals about 3.7 billion people, Kharas says, or 48 per cent of the world's population. Now we are about to have a majority middle class world. (news.financializer.com). As reported in the news.

success: It was an insight Friedman and his co-thinkers deployed with great success to seed the ideological beginnings of neoliberalism, according to The Guardian. Laissez-faire economics lay discredited after the Great Depression and the resulting rise in extremism, and then the success of wartime planning and the rise of the left. When that crisis occurs, the actions that are taken depend on the ideas that are lying around. But Friedman and his allies refused to give up, meeting in the picturesque Swiss village of Mont P lerin in 1947 to prepare an intellectual fightback. Thinktank calls for major overhaul of Britain's economy Read more The left did not learn from its opponents. When crisis did indeed come, three decades later, the ideological foundations for what became known as Thatcherism and Reaganism had already been constructed. (news.financializer.com). As reported in the news.

tax rate: The Parliamentary Budget Office says the average tax rate will increase for Australians across all income brackets over the next 10 years but the boost will be steepest for those in the low to middle group, according to Nine News Australia. Rates will go up largely because as wages rise, people will pay more tax on their increased income. To improve your experience update it here News National Tax burden biggest for low, middle earners2 43pm Sep 6, earning low to middle incomes will be hardest hit by rising average tax rates over the coming decade, new analysis has found. The budget office says the phenomenon will occur despite the personal income tax cuts introduced by the federal government this year, though they will slow the process. Less government spending will be another important element. The report - looking at how the 2018/19 budget is likely to fare over the coming 10 years - says Australians collectively paying more tax will be the most significant contributor to the federal government achieving a 16.6 billion budget surplus in 2021/22. (news.financializer.com). As reported in the news.

world economy: We doubt that capital markets would collapse if President Trump's administration was endangered, either electorally or indeed legally, William Hobbs, head of investment strategy at Barclays Investment Solutions in London, said in a blog post, according to The Toronto Star. The forward momentum of the world economy, and therefore its capital markets, has little to do with the actions of the White House, past, present or future, in our opinion. Barclays Plc disagrees. Donald Trump had one of the worst days of his presidency last month when his personal lawyer, Michael Cohen, implicated him in a crime, almost at the same time his former campaign chairman, Paul Manafort, was convicted on eight counts of fraud. NICHOLAS KAMM / AFP/GETTY IMAGES Back in February, Barclays pointed out that the Trump rally in U.S. equities primarily has its roots in the period before the 2016 presidential election, and is based on economic factors, such as oil's recovery and looser policy in China. Despite this, the S&P 500 Index reached a fresh record high a week later. (news.financializer.com). As reported in the news.

alyssa ayres: Pompeo will have to perform a tricky balancing act, analysts say, as Pakistan is fast falling within China's sphere of influence and its arch-rival India is smarting over a series of trade threats and insults from President Donald Trump, according to CNN. US-Pakistan ties have deteriorated significantly, said Alyssa Ayres, senior fellow at the Council on Foreign Relations. The visit comes as the US tilts away from Pakistan, while deepening strategic and economic ties with India in a bid to counter China's increasing influence in the Indo-Pacific region -- Pompeo's preferred term for the area that stretches from the west coast of the United States to the west coast of India. US patience across parties has grown thin. On US-India relations, Ayres added that the unprecedented degree to which President Trump focuses on at times arbitrary and even trivial economic issues to measure the health of foreign relations has created new uncertainty. use strict';CNN. Videx CNN. Videx ;CNN. Videx.mobile function data Obj 'use strict';var 'unmute ' data Obj ;if 'fave' player Instance null; else player Instance container Id && null; is Player Mute typeof data Obj.muted 'boolean' data Obj.muted false;if && player Property Obj player Property Obj.mute && if is Player Mute false unmuteCTA unmuteCTA.length 0 0;if remember Time 0 remember Time 360 / 'X', remember Time ; else function 'use strict';var vid EndSlate.length 0 CNN.auto Play Video Exist true true false;var config Obj thumb 'none',video '100%',height '100%',section 'domestic',profile 'expansion',network 'cnn',markup Id allow Native Fullscreen trueadsection '100%',frame Height '',is Live Player false,next Video Id '',next Video Url '',turn OnFlash Messaging CNN.auto Play Video Exist false auto Start Video false;if auto Start Video true if turn OnFlash Messaging true auto Start Video false;container El else CNN.auto Play Video Exist false auto Start Video, is Live Player, is Video Replay Clicked, new var i,vid Obj;if current Video Id && && 0 for i 0; i i vid Obj typeof vid Obj ! 'undefined' && vid Obj.video Id current Video Id if i - 1 next Video Id current Video Collection i 1 .video Id;next Video Url current Video Collection i 1 .video Url; else next Video Id !next Video Url next Video Id window.jsmd && window.jsmd.v && window.jsmd.v.eVar60 ' 1' ; else next Video Id '';next Video Url container Id var next Video Url move ToNext Timeout set Timeout function location.href next Video Url; next Video Play Timeout ; else end Slate end Slate.length 0 mobile Pinned View on Player Ready function container Id var ' ' &&Modernizr && Modernizr.phone Modernizr.mobile Modernizr.tablet 'fave' 0 'article' player Instance new false,transition function function function if mobile Pinned View function Storing pinned view on So that all players can see the single pinned player /CNN. Videx CNN. Videx ;CNN. Videx.mobile CNN. Videx.mobile mobile Pinned View; if Modernizr && !Modernizr.phone && !Modernizr.mobile && !Modernizr.tablet if video Pinner new else function container Id, player Id, contentid, is Queue function container Id, player Id, video Id, paused if mobile Pinned View function container Id, player Id, metadata, content Id, duration, width, height var end Slate Len metadata ;if end Slate Len 0 function container Id, cvp Id, token, mode, id, duration, block Id, ad Type / Dismissing the pinned Player if another video players plays an Ad Modernizr && !Modernizr.phone && !Modernizr.mobile && !Modernizr.tablet if typeof video Pinner ! 'undefined' && video Pinner ! null function container Id, player Id, token, mode, id, duration, block Id, ad Type, instance, is AdPause if mobile Pinned View function container Id, Player Id, data Obj data Obj ;if mobile Pinned View &&typeof data Obj 'object' &&FAVE. Utils.os 'iOS' && !data Obj.fullscreen function container Id, cvp Id, event var CNNpanion && typeof 'function' Modernizr && !Modernizr.phone && !Modernizr.mobile && !Modernizr.tablet if typeof video Pinner ! 'undefined' && video Pinner ! null function container Id, cvp Id, content Id if Modernizr && !Modernizr.phone && !Modernizr.mobile && !Modernizr.tablet if typeof video Pinner ! 'undefined' && video Pinner ! null end Slate end Slate.length 0 function container Id, cvp Id, content Id if mobile Pinned View Dismissing the pinned Player if another video players plays a video. Pakistanis generally believe that the United States is a fair-weather friend, in contrast to the 'all-weather' friendship of China. (news.financializer.com). As reported in the news.

budget outcome: The economy in 2017/18 expanded at its fastest pace since the mining boom six years ago, beating financial market expectations, according to Nine News Australia. Asked if that meant the budget could be back in the black sooner, Mr Frydenberg said The numbers were better than expected and that will flow through in the final budget outcome . I will release a final budget outcome later this month and certainly that data was good news for the budget, he told the Nine Network on Thursday. To improve your experience update it hints at good budget news3 14pm Sep 6, Josh Frydenberg has hinted the federal budget could return to surplus sooner than expected after the release of strong economic growth figures. The budget is currently forecast to return to surplus in 2020/21. While businesses are increasingly profitable, house prices are also falling and Australians are increasingly drawing down on their personal savings. Despite the rosy national figures, wage growth remains stubbornly flat and cost of living pressures continue to climb. (news.financializer.com). As reported in the news.

canada: A public comment period on possible fresh US tariffs on another US200 billion A279 billion of Chinese goods ends on Thursday, with expectations the added levies will be imposed by US President Donald Trump, according to Nine News Australia. The United States and Canada will also resume discussions on Wednesday on revamping the North American Free Trade Agreement. To improve your experience update it here News World Emerging markets and equities reel7 35pm Sep 5, 2018Facebook Tweet MailA looming deadline in the US-China trade conflict has kept the dollar near two-week highs, inflicting fresh losses on emerging markets and sending world stocks lower for the fourth day in a row. Ottawa is not expected to back down on key issues despite Trump's threats to retaliate. But on Tuesday it also drew strength from upbeat US indicators supporting the case for further interest rate hikes by the Federal Reserve - data showed US manufacturing activity accelerating to more than a 14-year high in August. The dollar is benefiting from these uncertainties. (news.financializer.com). As reported in the news.

contracts: The nations and regions of the UK continue to diverge, according to The Guardian. For many, work is precarious as well as poorly paid nearly a million people are on zero-hours contracts and many more are in bogus self-employment, where employers have simply sought to shirk their responsibilities. Despite near full employment, pay continues to stagnate for the majority of people, even while growth has occurred. It is a state of profound economic injustice. Fundamental reform has happened twice before in the last century after periods of crisis with the Attlee government's Keynesian reforms in the 1940s and the Thatcher government's free market reforms in the 1980s. That's why the message of the Institute for Public Policy Research commission on economic justice, which I chair, is that the economy needs fundamental change. (news.financializer.com). As reported in the news.

donald trump: Toronto-Dominion Bank, Royal Bank of Canada and the nation's other six large lenders collectively boosted profit 10 per cent to a record 11.7 billion in the fiscal third quarter, according to The Toronto Star. Still, that's no match for a U.S. economy seen having more runway than Canada's, thanks in part to Donald Trump's tax cuts. They still can't outperform U.S. banks on the stock market. Toronto-Dominion Bank reported that strong growth at its U.S. unit pushed fiscal third-quarter earnings to a record level. Canadian banks are run well and everything, but where they're sitting in our view is not as attractive as where our U.S. banks are in terms of opportunity, said Tony Scherrer, director of research and portfolio manager with Seattle-based Smead Capital Management.U.S. banks are well positioned for a lending revival fuelled by a strong U.S. economy and a millennial generation approaching their home-buying years an emerging opportunity as lending in Canada slows, Scherrer said. Ben Nelms/Bloomberg News Canada's S&P/TSX Commercial Banks Index has gained 13 per cent in the past 12 months, lagging the 21 per cent increase of the U.S. KBW Bank Index. (news.financializer.com). As reported in the news.

growth figures: Markets weighed the threat of a new development in the US-China trade war fresh US tariffs on another 200bn 155bn of Chinese goods could be confirmed as soon as Friday as well as weak Chinese service-sector growth figures and news this week that South Africa is in recession, according to The Guardian. The dollar rose for a fifth day, making it more expensive for emerging market countries to repay their dollar-denominated debts, while commodities fell, led by oil. European shares also fell on Wednesday as investors registered concerns over the impact on the global economy if more emerging markets were to follow Argentina and Turkey into financial crisis. City investors tend to buy US dollars seen as the global reserve currency during periods of financial market turbulence. Christophe Barraud, an economist at the Paris-based brokerage Market Securities, said People are looking closely at what's happening in emerging markets, at the trade war and the fact that the United States is likely to implement another wave of tariffs against China. This can however exacerbate the difficulties facing emerging market nations. (news.financializer.com). As reported in the news.

ontario government: Ontario Minister of Trade Jim Wilson speaks during question period in Queen's Park on July 23, 2018, according to The Toronto Star. Wilson has confirmed the Ontario government will build a big sign near the New York border saying Ontario is open for business. Economic Development, Job Creation and Trade Minister Jim Wilson confirmed Wednesday that Premier Doug Ford's election promise of signage near the New York frontier will be kept. Bernard Weil / Toronto Star You don't think he's going to allow me to make that announcement today, do you quipped Wilson, as he announced province-wide consultations on reducing red tape to boost business in Ontario. During the June 7 election campaign, Ford vowed that if he defeated Kathleen Wynne's Liberals he would make a big show of the province's intentions to lure businesses across the border. It's coming soon, he said, emphasizing the sign would not be manufactured by Deco Labels and Tags, the family company founded by the premier's father. (news.financializer.com). As reported in the news.

justin: The Trans Mountain extension project, which Prime Minister Justin Trudeau's government bought for 4.5 billion, suffered a major setback last week after a Canadian court nullified its approval, according to The Toronto Star. Jonathan Hayward / THE CANADIAN PRESS The Trans Mountain extension project, which Prime Minister Justin Trudeau's government bought for 4.5 billion, suffered a major setback last week after a Canadian court nullified its approval. The board also voted to approve a plan for a reverse stock split of the restricted voting shares and special voting shares on a one-for-three basis, the unit of Houston-based Kinder Morgan Inc. said in a statement Tuesday. The line, which takes crude from the oilsands to the country's Pacific Coast, faces strong opposition in British Columbia, the province it crosses to reach the shore. The proposals will be voted on at a special shareholder meeting during the fourth quarter of this year. The payment to holders of restricted voting shares will take place Jan. 3, with the reverse stock split to follow, if the plan is approved. (news.financializer.com). As reported in the news.