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Alstom to build Metrolinx LRT cars in Toronto, will create 120 jobs

Alstom to build Metrolinx LRT cars in Toronto, will create 120 jobs

The French company whose light rail vehicles will replace Bombardier Transportation transit vehicles under a revised contract with Metrolinx is going ahead with a plan to build those vehicles in the Toronto region.
Facebook signs deal with music label Universal Music

Facebook signs deal with music label Universal Music

NEW YORK — Facebook and record label Universal Music Group have signed a multiyear deal that will let Facebook users share videos that have the label's music in them.
Sun Life Financial Investment Services to pay $1.7M fine in regulator settlement

Sun Life Financial Investment Services to pay $1.7M fine in regulator settlement

TORONTO — Sun Life Financial Investment Services in Canada must pay a $1.7 million fine and $100,000 in costs as part of a settlement agreement with the body that regulates Canada's mutual fund dealers.
MedReleaf signs agreement to supply marijuana to Shoppers Drug Mart

MedReleaf signs agreement to supply marijuana to Shoppers Drug Mart

MARKHAM, Ont. — Medical marijuana producer MedReleaf (TSX:LEAF) says it has signed an agreement to become a medical cannabis supplier to Shoppers Drug Mart.
Aecon partnership named preferred proponent for Site C generating station

Aecon partnership named preferred proponent for Site C generating station

TORONTO — A partnership led by Aecon Group Inc. has been chosen as the preferred proponent by BC Hydro for a Site C generating station and spillways civil works contract.

Canada, U.S. authorities, combine to probe alleged Alberta Ponzi scheme

RED DEER, Alta. — A central Alberta man has been charged in an alleged $10-million Ponzi scheme involving the purchase, sale and rental of mobile light towers to customers in Canada and the United States.
FCC proposes $13.4M fine for TV-station owner Sinclair

FCC proposes $13.4M fine for TV-station owner Sinclair

NEW YORK — The Federal Communications Commission has proposed a $13.4 million fine on TV-station owner Sinclair for not identifying paid programming as advertising. Sinclair Broadcast Group Inc. is one of the country's largest owners of TV stations.
US economy grew at solid 3.2 per cent rate in third quarter

US economy grew at solid 3.2 per cent rate in third quarter

WASHINGTON — The U.S. economy grew at a solid 3.2 per cent annual rate from July through September, slightly slower than previously estimated but still enough to give the country the best back-to-back quarterly growth rates in three years.
Aphria to invest $10M in branded venture targeting recreational pot market

Aphria to invest $10M in branded venture targeting recreational pot market

LEAMINGTON, Ont. — Medical marijuana producer Aphria Inc. says it plans to invest $10 million in a company merging two cannabis brands to target the incoming recreational pot market in Canada.

Bombardier signs deal with Mercitalia Rail for 40 locomotives and maintenance

MONTREAL — Bombardier Transportation has signed a deal with Mercitalia Rail, a major freight rail operator in Italy, for 40 locomotives and 16 years of fleet maintenance. Based on the list price, the contract is valued at approximately C$316.