Finance minister Morneau rejects Tory insinuation, threatens legal action + MORE Nov 29th

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MONTREAL _ Alimentation Couche-Tard Inc. says its earnings surged 35 per cent to a record US$435.3 million in its latest quarter as the CST Brands acquisition more than offset the negative impact of hurricanes in the U.S. south.
The Quebec-based convenience store operator, which reports in U.S. dollars, says it earned 76 cents per diluted share in the second quarter of its fiscal year, up from 57 cents or $321.5 million a year earlier.
“This is even more remarkable in light of the challenges faced by some (of) our network due to Hurricanes Harvey and Irma, and the continued softness in the industry in general,” Couche-Tard CEO Brian Hannasch said in a news release.
Couche-Tard said the two hurricanes reduced sales and caused property damage in Texas and Florida costing $4.8 million.
Excluding one-time charges, Couche-Tard (TSX:ATD.B) earned $458 million or 80 cents per share for the three months ended Oct. 15. That compared to $328 million or 58 cents per share in the prior year…

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OTTAWA _ Finance Minister Bill Morneau is threatening to take the Conservatives to court after the official Opposition peppered him with questions about a stock sale that occurred before he introduced pension legislation in the House of Commons.
Morneau calls the insinuations by Tory finance critic Pierre Poilievre “absurd” and says they have “no basis in any sort of fact.”
Poilievre says a motion introduced by Morneau in December 2015 to raise income taxes on the highest earners caused the entire stock market to drop _ including the price of Morneau Shepell shares, 680,000 of which the minister sold off a week before the announcement.
If Poilievre and others want to make such claims outside the Commons, where MPs enjoy the legal protection afforded by parliamentary privilege, they will be hearing from the minister’s lawyers, Morneau suggested Tuesday in a hastily called news conference on Parliament Hill.
“If the Opposition want to continue with these absurd allegations, which have no basis in any sort of fact, they take them outside of the House and I will give them a sense of exactly how our legal system works,” Morneau said…

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Energy companies can’t be excluded from investment, but it stands to reason that as institutional investors adopt more of a 'green' focus, investment dollars will flow out of the worst offenders

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Times ColonistJudge sides with Trump's pick to take over consumer agencyTimes ColonistMick Mulvaney speaks during a news conference after his first day as acting director of the Consumer Financial Protection Bureau in Washington, Monday, Nov. 27, 2017. (AP Photo/Jacquelyn Martin). WASHINGTON — President Donald Trump scored a …and more »

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Where Chicago Isn't the Second CityTrains arrive on time, and the subway has 4G. This is the power of public investment.

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