February 17th, 2018

Business

Stocks shake losses and turn higher as wild ride continues

By Marley Jay, The Associated Press on February 6th, 2018

NEW YORK – After big moves higher and lower, U.S. stocks are surging Tuesday afternoon, raising hopes for an end to a global sell-off. The sharp swings came one day after the steepest drop on Wall Street in 6 1/2 years. Major indexes in Asia and Europe fell following Monday’s 1,175-point drop in the Dow ... Read More »

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Five things to understand about the turmoil in global financial markets

By Ian Bickis, The Canadian Press on February 6th, 2018

Markets are struggling to rebound from Monday’s sharp sell off, when the Dow Jones industrial average fell 4.6 per cent, its biggest one-day percentage decline since 2011, leaving many wondering what triggered the drop and whether worse is to come. Here’s a look at what’s going on. 1.Why the sell off? Kash Pashootan, CEO at ... Read More »

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B.C. to introduce auto insurance pay-out limits in 2019 to save $1B annually

By Dirk Meissner, The Canadian Press on February 6th, 2018

VICTORIA – Years of reckless decisions by the previous British Columbia Liberal administration have thrown the public auto insurer into chaos and forced the government to place a cap of $5,500 on accident pay-outs for pain and suffering, Attorney General David Eby says. Eby said Tuesday the Insurance Corporation of B.C. was created to provide ... Read More »

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Despite Trump’s tough talk, trade gap widens to 9-year high

By Paul Wiseman, The Associated Press on February 6th, 2018

WASHINGTON – President Donald Trump campaigned on a promise to overturn U.S. trade policy and bring down the country’s massive, persistent trade deficits. After a year in the White House, he still has a lot of work to do. The Commerce Department reported Tuesday that the U.S. trade deficit in goods and services rose 12 ... Read More »

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Investors reacquaint themselves with turmoil in the markets

By Sarah Skidmore Sell, The Associated Press on February 6th, 2018

Investors may be feeling a bit unsettled after a few days of market turmoil upset months of tranquility. A slide that started early last week led to a sharp dive in markets Friday and Monday. The fall on Monday alone represented the steepest drop in 6 1/2 years. That can rattle a few nerves. Things ... Read More »

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Lady Doritos are a marketing test, not a mistake, say Canadian food experts

By Tara Deschamps, The Canadian Press on February 6th, 2018

TORONTO – Canadian branding experts say talk of Doritos with reduced crunchiness to appeal to women is likely just a ploy from PepsiCo to test the market. The idea went viral this week after the food giant’s executive officer Indra Nooyi teased on the Freakonomics podcast that the product would be launched soon because she ... Read More »

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B.C. to introduce auto insurance pay-out limits next year to save $1B annually

By The Canadian Press on February 6th, 2018

VICTORIA – The British Columbia government will implement a $5,500 cap on pain and suffering for pay-outs to vehicle accident victims in a move to save $1 billion a year for the province’s public auto insurer. Attorney General David Eby says the settlement limit on those injury claims will not take effect until April 2019, ... Read More »

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NAFTA booster in Trump administration: I think we get a deal by December

By The Canadian Press on February 6th, 2018

WASHINGTON – One of the biggest supporters of NAFTA in the Trump administration says he’s feeling more hopeful. Agriculture Secretary Sonny Perdue told American lawmakers today that he expects a deal. Perdue told the House of Representatives agriculture committee during testimony today that he believes it will happen this year – sometime after July’s election ... Read More »

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Stocks repeatedly sink and recover as wild ride continues

By Marley Jay, The Associated Press on February 6th, 2018

NEW YORK – After big swings higher and lower, U.S. stocks are up slightly in afternoon trading Tuesday as investors look for calm after a global sell-off. The swings came one day after the steepest drop in 6 1/2 years. Major indexes in Asia and Europe fell following Monday’s 1,175-point drop in the Dow Jones ... Read More »

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Lululemon explanation of CEO departure ‘bordering on inadequate’, say experts

By The Canadian Press on February 6th, 2018

Shareholder advocates and analysts are calling on Lululemon Athletica for more disclosure surrounding the abrupt departure of its chief executive who “fell short” of the Canadian athleisure company’s conduct standards. FAIR Canada executive director Frank Allen says Lululemon’s disclosure was “thin” and shareholders and investors are entitled to a full explanation for something of this ... Read More »

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Why Trump has little influence on rising or falling stocks

By Josh Boak, The Associated Press on February 6th, 2018

WASHINGTON – For months, President Donald Trump boasted about having steered the U.S. stock markets to record high after record high. What a difference a few days can make. The sudden cratering of stock prices, rising bond rates and fierce volatility have been a stark reminder that Trump, like his predecessors, isn’t commander in chief ... Read More »

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