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A by-the-numbers look at what 5G wireless could mean for Canada’s economy

A by-the-numbers look at what 5G wireless could mean for Canada’s economy
OTTAWA — A study commissioned by the Canadian Wireless Telecommunications Association lays out the potential benefits from the deployment of powerful, ultra-fast 5G wireless networks. A look at the findings in the Accenture report, by the numbers: $40 billion: Estimated economic growth from the adoption of 5G technology by 2026. $26 billion: Amount estimated to be spent on 5G network infrastructure... Read More

Verizon to end location data sales to brokers

Verizon to end location data sales to brokers
Verizon is pledging to stop selling information on phone owners’ locations to data brokers, stepping back from a business practice that has drawn criticism for endangering privacy, The Associated Press has learned. The data has allowed outside companies to pinpoint the location of wireless devices without their owners’ knowledge or consent. Verizon said that about 75 companies have been obtaining... Read More

Better prices and new pipelines expected to drive higher Canadian crude output

Better prices and new pipelines expected to drive higher Canadian crude output
CALGARY — The Canadian Energy Research Institute says a pipeline capacity gap that is impeding the movement of Western Canada’s crude to market will close by 2021 and there will be surplus capacity from about 2022 until 2030. In a forecast based on financial modelling, the Calgary-based think-tank calls for the Enbridge Line 3 and Trans Mountain expansion pipelines to... Read More

US housing starts jumped 5 pct. in May off Midwest building

US housing starts jumped 5 pct. in May off Midwest building
WASHINGTON — A surge of construction in the Midwest drove U.S. housing starts up 5 per cent in May from the prior month. The Commerce Department says that housing starts rose to a seasonally adjusted annual rate of 1.35 million, the strongest pace since July 2007. All of May’s construction gains came from a 62 per centjump in the Midwest, while building slumped... Read More

Competition heating up for price-sensitive passengers as Swoop set to launch

Competition heating up for price-sensitive passengers as Swoop set to launch
MONTREAL — Competition is heating up for Canada’s most price-sensitive travellers as WestJet Airlines gears up to launch the country’s second ultra-low cost airline Wednesday. Swoop, an offshoot of WestJet Airlines, will make its maiden flight on its pink and white aircraft before the sun rises in Hamilton, Ont. on a trip to Abbotsford, B.C. “From my perspective coming into this fresh — I’ve been in... Read More

Canada can end dairy trade dispute with U.S. by ending pricing irritant: Saputo

Canada can end dairy trade dispute with U.S. by ending pricing irritant: Saputo
MONTREAL — Canada can preserve its dairy supply management system and resolve its trade dispute with the United States over dairy subsidies by ending its domestic milk ingredient pricing system, the head of Canada’s largest dairy processor said Monday. Despite U.S. President Donald Trump’s tweets denouncing Canada’s supply management system, dairy farmers across the border aren’t petitioning to get rid of... Read More

South Korea joins Japan in halting Canadian wheat imports after GMO plants found

South Korea joins Japan in halting Canadian wheat imports after GMO plants found
CALGARY — South Korea has joined Japan in suspending trade in Canadian wheat following the discovery of genetically modified plants in southern Alberta. Global Affairs spokesman Jesse Wilson says it’s standard protocol in both countries to temporarily close markets in such cases. The Canadian Food Inspection Agency said last week that it tested plants that survived spraying for weeds and found... Read More

Germany will fail 2020 climate goals, now eyes 2030 target

Germany will fail 2020 climate goals, now eyes 2030 target
BERLIN — Germany will likely miss its goal of cutting emissions by 40 per cent by 2020, the country’s environment minister said Monday, an embarrassing admission for a government that wants to lead the charge on limiting climate change. Official estimates project that Europe’s biggest economy will trim its greenhouse gas emissions by 32 per cent or less by 2020 compared to 1990 levels.... Read More

Audi CEO detained in diesel emissions case

Audi CEO detained in diesel emissions case
BERLIN — German authorities on Monday detained the chief executive of Volkswagen’s Audi division, Rupert Stadler, as part of a probe into manipulation of emissions controls. The move follows a search last week of Stadler’s private residence, ordered by Munich prosecutors investigating the manager on suspicion of fraud and indirect improprieties with documents. “Audi CEO Rupert Stadler was provisionally arrested... Read More

Baytex Energy and Raging River Exploration sign merger deal

Baytex Energy and Raging River Exploration sign merger deal
CALGARY — Baytex Energy Corp. and Raging River Exploration Inc. have signed a deal to merge operations. The combined company, which will operate under the Baytex name, is expected to have production of approximately 94,000 barrels of oil equivalent per day from a diverse portfolio of oil assets that includes the Viking, Peace River, Lloydminster and East Duvernay Shale regions... Read More