April 1st, 2015

Business

US construction spending drops in February, but pickup expected in spring and summer

By Paul Wiseman, The Associated Press on April 1st, 2015

WASHINGTON – U.S. construction spending slipped for the second month in February, pulled down by a drop in single-family home building. Construction spending fell 0.1 per cent in February after a revised 1.7 per cent drop in January, the Commerce Department reported Wednesday. The result in part reflects bitter winter weather that likely constrained construction ... Read More »

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Toronto stock market wavers to the negative, Canadian dollar rises slightly

By The Canadian Press on April 1st, 2015

TORONTO – The Toronto stock market edged lower in early trading and the Canadian dollar showed a modest gain Wednesday. The S&P/TSX composite index was down 5.78 points at 14,896.66 shortly after the open. The Canadian dollar was up 0.08 of a U.S. cent US at 79.03 cents US. On the commodity markets, the May ... Read More »

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Obama authorizes new sanctions regime targeting perpetrators of malicious cyberattacks

By The Associated Press on April 1st, 2015

WASHINGTON – President Barack Obama on Wednesday created the first sanctions program that would allow the U.S. to penalize individuals and entities overseas who engage in malicious cyberattacks and cyber spying. “Cyber threats pose one of the most serious economic and national security challenges to the United States,” Obama said in a statement after signing ... Read More »

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Sharper contrasts, even bigger screens – Imax shows off laser movie technology in ‘Furious 7′

By Ryan Nakashima, The Associated Press on April 1st, 2015

LOS ANGELES, Calif. – Deeper blacks, brighter whites, even bigger screens and better sound. When the high-speed action sequel “Furious 7″ debuts this weekend, audiences at Hollywood’s famous TCL Chinese Theatre will see every tire skid and fistfight in Imax’s brand-new laser format. Lasers are supposed to be able to heighten contrast. In laser-projected trailer ... Read More »

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Obama authorizes new sanctions regime targeting perpetrators of malicious cyber attacks

By The Associated Press on April 1st, 2015

WASHINGTON – President Barack Obama is creating the first sanctions program that would allow the U.S. to penalize individuals overseas who engage in cyberattacks and cyber spying. Obama signed an executive order Wednesday establishing the sanctions regime, though no specific penalties were being announced. In a statement, Obama says cyberthreats post “one of the most ... Read More »

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RBC expects $23-million loss on sale of its Suriname unit to Republic Bank

By The Canadian Press on April 1st, 2015

TORONTO – Royal Bank of Canada (TSX:RY) is selling its subsidiary in Suriname as part of a more focused approach to the Caribbean region. The buyer is Republic Bank Ltd., which is based in Trinidad and operates in several Caribbean countries. RBC didn’t disclose what Republic will pay, but the Canadian bank expects to record ... Read More »

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Survey: US businesses add 189,000 jobs in March, tough winter causes hiring pace to slow

By Josh Boak, The Associated Press on April 1st, 2015

WASHINGTON – U.S. businesses slowed their pace of hiring in March, a private survey found. The modest gains suggest that harsh winter weather has generated a broader slowdown that caused the survey to report gains of less than 200,000 jobs for the first time in 13 months. Companies added a seasonally adjusted 189,000 jobs last ... Read More »

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Chrysler and Fiat parent says sales up 2 per cent as Jeep demand offsets lower Ram pickup sales

By The Associated Press on April 1st, 2015

DETROIT – The parent of Chrysler and Fiat says its U.S. sales rose 2 per cent in March as strong demand for Jeep offset lower Ram pickup truck sales. FCA says it sold 197,261 vehicles last month. It was the company’s best March since 2007. Jeep sales jumped 23 per cent thanks to brisk sales ... Read More »

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Canadian dollar weakens, U.S. index futures edge lower ahead of TSX open

By The Canadian Press on April 1st, 2015

TORONTO – The Canadian dollar was slightly lower and U.S. index futures were negative ahead of the Toronto stock market’s Wednesday trading session. The loonie traded at 78.89 cents US, down 0.07 of a U.S. cent from the Tuesday close. The S&P/TSX composite index closed Tuesday at 14,902.44, after rising 5.95 points. On the commodity ... Read More »

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Widespread use of drones by business years away, experts say

By Michelle McQuigge, The Canadian Press on April 1st, 2015

Businesses may have started planning for the day when drones help their future plans take flight, but experts say corporate visions will have to stay more grounded for several years. The regulatory framework that has made Canada a welcoming destination for small-scale commercial drone use is in no way ready for a more broad-based adoption ... Read More »

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Tim Hortons adds another coffee flavour in five Canadian test markets

By The Canadian Press on April 1st, 2015

OAKVILLE, Ont. – Tim Hortons is pouring a new cup of joe starting today as it looks to attract coffee connoisseurs from some of its competitors. The Canadian chain says it will begin testing its first single-origin coffee in five markets across select parts of the country. The flavour is called Three Peaks Colombian, and ... Read More »

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