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Huntington, Thorneloe University and the University of Sudbury were part of the founding federation of Laurentian in the early 1960s. For decades they offered classes taken by Laurentian students. But that ended abruptly after Laurentian became the first university in the country to declare insolvency, which also ended the main source of revenue for the formerly federated universities, CBC.ca.
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MyndTec Inc., a Canadian-listed medtech firm specializing in neurostimulation-based rehabilitation devices for paralysis, has built its business around the FDA-cleared and Health Canada-licensed MyndMove system. The company’s model has relied heavily on proprietary technology and exclusive academic licenses to serve stroke and spinal cord injury patients. The company has announced it was unable to secure additional financing after its principal shareholder ceased funding, leaving it without liquidity to continue operations or meet obligations, TipRanks.com reported.
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U.S. President Donald Trump said on Wednesday that imports from countries supplying Iran with military weapons will face immediate 50 per cent tariffs with no exemptions, announcing the threatened duty in a social media post just hours after agreeing to a two-week ceasefire with Tehran, Reuters reported.
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Hong Kong-based conglomerate CK Hutchison's Panama business said it would seek arbitration over Maersk's takeover of two strategic ports near the Panama Canal, which are at the center of a legal battle between Beijing and Washington, Reuters reported. Panama Ports Company (PPC) - which is already seeking an arbitration ruling against Panama - said in a statement that Maersk broke a long-term contract by siding with the Panamanian government to help remove PPC from its operations at the Balboa port and replace it with a Maersk-affiliated operator.
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The Trump administration will try to resolve as many problems with the U.S.-Mexico-Canada trade agreement as it can before July 1, but negotiations to rebalance the trade pact are likely to continue past that deadline, U.S. Trade Representative Jamieson Greer said on Tuesday, Reuters reported. Greer told an event at the Hudson Institute that the U.S. may need to take steps to exit the North American trade pact in order to continue the talks.
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Gautam Adani, India's second richest person, will ask a U.S. judge to dismiss the Securities and Exchange Commission's civil fraud case against him, his lawyers said on Tuesday, Reuters reported. Adani and his nephew Sagar Adani were charged by the SEC in November 2024 with orchestrating a scheme to pay or promise to pay hundreds of millions of dollars in bribes to Indian government officials to benefit Adani Green Energy, where both men are executives and directors.
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Mexico’s nationwide trucker and farmer strike stretched into a second day Tuesday, with ongoing highway blockades, mounting congestion around Mexico City and continued disruptions to key freight corridors across the country, Freight Waves reported. What began Monday as a coordinated protest across at least 20 states has evolved into a prolonged logistics disruption, with some transport groups signaling the strike could continue until the federal government delivers concrete security and cost relief measures.
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Canada’s services economy contracted for a fifth straight month in March as uncertainty related to the war in the Middle East contributed to a decline in new business and after higher fuel costs raised operating expenses, S&P Global’s Canada services PMI data showed on Monday, BNNBloomberg reported. The headline Business Activity Index rose to 47.2 last month from 46.5 in February. That marked the index’s highest reading in five months but it remained below the 50 no-change mark - a reading below 50 shows deterioration in activity.
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Canada posted a merchandise trade deficit of $5.7 billion, its largest deficit since August last year as imports hit a record high, boosted by shipments of gold, BNN Bloomberg reported. Statistics Canada said on Thursday the result compared with a deficit of $4.2 billion in January as imports rose 8.4 per cent to a record $72.1 billion in February. Imports of metal and non-metallic mineral products increased 45.6 per cent in February as imports of unwrought gold, silver, and platinum group metals, and their alloys more than doubled.
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For more than a decade, Japanese home builders have been tiptoeing into the U.S. housing market with small, discreet acquisitions of private American construction companies, the Wall Street Journal reported. Their quiet era is over. Japanese builders have announced or closed acquisitions of 23 U.S. single-family home builders since 2020, more than double the number from 2013 to 2019. That doesn’t include the multifamily developers and construction-supply companies they have also bought. By some estimates, Japanese builders are now set to own about 6% of the U.S. home-construction market.