December 18th, 2018

Business

Amazon says it plans to create 600 new tech jobs in Toronto

By The Canadian Press on December 18th, 2018

TORONTO – Amazon says it plans to create 600 new tech jobs in Toronto. The online retail behemoth says the jobs will be in fields including software development, machine learning and cloud computing. The announcement comes as Amazon is set to open an expanded office in Toronto’s downtown core. The city was on the shortlist ... Read More »

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UK to ramp up ‘no-deal’ Brexit preparations amid impasse

By Jill Lawless And Danica Kirka, The Associated Press on December 18th, 2018

LONDON – Britain’s Cabinet agreed Tuesday to ramp up preparations for the U.K.’s departure from the European Union without a deal, after Prime Minister Theresa May postponed Parliament’s vote on her divorce agreement until mid-January. Britain’s departure from the bloc is just over 100 days away and it remains unclear whether the country will leave ... Read More »

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Tilray, Sandoz have new agreement for developing market for medical cannabis

By The Canadian Press on December 18th, 2018

NANAIMO, B.C. – Marijuana company Tilray Canada Ltd. has signed a new agreement to collaborate with Sandoz AG, part of the Novartis pharmaceutical group. The companies say they will work together to increase the availability of high quality medical cannabis products across the world. They say it’s an evolution of an existing alliance between Tilray ... Read More »

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Statistics Canada reports manufacturing sales down 0.1 per cent in October

By The Canadian Press on December 18th, 2018

OTTAWA – Statistics Canada says manufacturing sales fell 0.1 per cent in October to $58.2 billion, a weaker report than economists expected. The decline came as sales in the wood product and primary metal industries fell, offset in part by higher sales in the food and machinery industries. Economists had expected an increase of 0.4 ... Read More »

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US home construction rose last month, led by apartments

By Christopher Rugaber, The Associated Press on December 18th, 2018

WASHINGTON – U.S. developers broke ground on more homes last month, but the increase occurred entirely in apartments. The construction of new single-family houses fell. The Commerce Department said Tuesday that housing starts rose 3.2 per cent in November from the previous month to a seasonally adjusted annual rate 1.26 million. That is 3.6 per ... Read More »

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For Trump, the economy is a potential 2020 storm cloud

By Jonathan Lemire And Catherine Lucey, The Associated Press on December 18th, 2018

WASHINGTON – Forget Robert Mueller. The greatest threat to President Donald Trump’s re-election bid may not be the slew of investigations closing in on his Oval Office but a possible economic slowdown. And the president knows it. The Dow Jones Industrial Average fell again Monday, the latest dip in the roller coaster markets amid the ... Read More »

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In locked compound, minorities in China make clothes for US

By Dake Kang, Martha Mendoza And Yanan Wang, The Associated Press on December 18th, 2018

HOTAN, China – Barbed wire and hundreds of cameras ring a massive compound of more than 30 dormitories, schools, warehouses and workshops in China’s far west. Dozens of armed officers and a growling Doberman stand guard outside. Behind locked gates, men and women are sewing sportswear that can end up on U.S. college campuses and ... Read More »

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Magna International buying Spanish automotive seat maker Viza Geca SL

By The Canadian Press on December 18th, 2018

AURORA, Ont. – Magna International Inc. has signed a deal to buy Spanish company Viza Geca SL, which specializes in automotive seating. Financial terms of the deal were not immediately available. The Canadian auto parts company says Viza adds expertise and a portfolio of products including patented floor-latch systems and foldable seats. Under the agreement, ... Read More »

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Steel, aluminum tariffs impacting one-third of Canadian exporters: poll

By Armina Ligaya, The Canadian Press on December 18th, 2018

OTTAWA – More than one-third of Canadian exporters say they have been negatively impacted by steel and aluminum tariffs that are affecting Canada-U.S. trade, according to a survey by Export Development Canada. The Ottawa-based Crown corporation said Tuesday that among companies claiming to having been hit by these tariffs, 19 per cent have in turn ... Read More »

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Canada has fifth biggest AI workforce, but still lacks diversity: study

By Tara Deschamps, The Canadian Press on December 18th, 2018

TORONTO – Canada has the globe’s fifth largest artificial intelligence workforce, but is still far from closing the gender gap in the sector, according to new rankings from the World Economic Forum. The international organization used LinkedIn data to find the size of Canada’s AI workforce is lagging behind the U.S., India, Germany and Switzerland, ... Read More »

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Miniso Canada reaches preliminary deal after court case threatened operations

By Tara Deschamps, The Canadian Press on December 17th, 2018

TORONTO – Miniso Canada says it has reached a preliminary agreement with Miniso Guangzhou LLC in a case that has threatened to force the Chinese discount retailer’s Canadian operations into bankruptcy. In a statement posted to its Instagram page on Monday evening, Miniso Canada said the two parties are currently in the process of settling ... Read More »

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