October 17th, 2021

Business

Statistics Canada to say how labour market fared in September after August bump

By The Canadian Press on October 8th, 2021

OTTAWA – Statistics Canada will say this morning how the country’s labour market made out in September after the economy added jobs in August. The economy added 90,200 jobs in August to drop the unemployment rate to 7.1 per cent for the month, bringing it to the lowest level since the onset of the pandemic ... Read More »

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Less travel, more moviegoing over China National Day break

By The Associated Press on October 8th, 2021

BEIJING (AP) – China saw a major dip in travel over the past week’s National Day vacation. People staying home appeared to have chosen the cinema instead, with a patriotic Korean War film taking in more than 3.45 billion yuan ($535 million) at the box office. The official Xinhua News Agency reported that over the ... Read More »

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Senate dodges US debt disaster, voting to extend borrowing

By Kevin Freking, Alan Fram And Alexandra Jaffe, The Associated Press on October 7th, 2021

WASHINGTON (AP) – The Senate dodged a U.S. debt disaster Thursday night, voting to extend the government’s borrowing authority into December and temporarily avert an unprecedented federal default that experts warned would devastate the economy and harm millions of Americans. The vote of 50-48 in support of the bill to raise the government’s debt ceiling ... Read More »

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Sue Grafton’s alphabet novels headed to television

By Hillel Italie, The Associated Press on October 7th, 2021

NEW YORK (AP) – A TV adaptation of the late Sue Grafton’s million-selling Kinsey Millhone mystery novels, a prospect the author once swore she would return from the dead to prevent, is now the works. A+E Studios announced this week that it had acquired rights to Grafton’s alphabet series, with such titles as “A Is ... Read More »

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Biden to restore 3 national monuments cut by Trump

By Lindsay Whitehurst And Matthew Daly, The Associated Press on October 7th, 2021

SALT LAKE CITY (AP) – President Joe Biden will restore two sprawling national monuments in Utah that have been at the center of a long-running public lands dispute, and a separate marine conservation area in New England that recently has been used for commercial fishing, according to people who have been briefed on the plan. ... Read More »

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Biden to restore 2 Utah national monuments cut by Trump

By Lindsay Whitehurst And Matthew Daly, The Associated Press on October 7th, 2021

SALT LAKE CITY (AP) – President Joe Biden will restore two sprawling national monuments in Utah that have been at the center of a long-running public lands tug-of-war between presidential administrations, the state’s governor said Thursday. Gov. Spencer Cox, a Republican, released a statement expressing disappointment in Biden’s decision to restore Bears Ears and Grand ... Read More »

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Default crisis dodged – for now – with Dem-GOP debt accord

By Kevin Freking, Alan Fram And Alexandra Jaffe, The Associated Press on October 7th, 2021

WASHINGTON (AP) – Senate leaders announced an agreement Thursday to extend the government’s borrowing authority into December, temporarily averting an unprecedented federal default that experts say would devastate the economy. “Our hope is to get this done as soon as today,” Senate Majority Leader Chuck Schumer declared. Republican leader Mitch McConnell, whose party has been ... Read More »

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IMF chief facing data-rigging allegations defends actions

By Martin Crutsinger, The Associated Press on October 7th, 2021

WASHINGTON (AP) – The head of the International Monetary Fund said Thursday that a report alleging she had a role in data-rigging at the World Bank when she was a top official there was not an accurate representation of events. The statement came a day after IMF Managing Director Kristalina Georgieva appeared before the agency’s ... Read More »

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TC Energy signs agreement with Nikola on development of hydrogen hubs

By The Canadian Press on October 7th, 2021

CALGARY – TC Energy has signed an agreement with electric vehicle manufacturer Nikola to jointly develop large-scale hydrogen production facilities in the U.S. and Canada. The two companies say they plan to produce 150 tonnes or more of hydrogen per day within the next five years. The hydrogen hubs will be located near major trucking ... Read More »

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S&P/TSX composite posts best day since June after temporary U.S. debt-ceiling truce

By The Canadian Press on October 7th, 2021

TORONTO – Canada’s main stock index posted its strongest day in more than four months following a temporary truce in the U.S. debt-ceiling standoff that could have resulted in a government default. The S&P/TSX composite index closed up 224.55 points at 20,416.21, with information technology and energy leading the triple-digit increase. In New York, the ... Read More »

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Home insurance can be more expensive in smaller towns: experts

By Salmaan Farooqui, The Canadian Press on October 7th, 2021

As some Canadians are priced out of larger cities and look to move to smaller communities, insurance experts say homebuyers should be aware that life in a small town can often mean higher home insurance premiums. According to financial products comparison site Ratesdotca, the average cost of insuring a home in places like the Windsor-Essex ... Read More »

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