July 28th, 2021

Business

North American stock markets plunge on rising COVID-19 cases and crude oil price drop

By The Canadian Press on July 19th, 2021

TORONTO – A broad-based declined powered by a more than six per cent drop in crude oil prices pushed Canada’s main stock index to its lowest level in two months in late-morning trading on rising COVID-19 cases and an OPEC deal to boost production. The S&P/TSX composite index was down 276.43 points at 19,709.11. In ... Read More »

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BRP preparing to resume vehicle production after fire at Mexico facility

By The Canadian Press on July 19th, 2021

VALCOURT, Que. – BRP Inc. is preparing to resume production of side-by-side vehicles following a weekend fire in the storage yard of its Juarez 2 facility in Mexico. The Quebec-based recreational products company says a fire Saturday in the facility’s storage yard destroyed some units representing about six days of production. All employees on site ... Read More »

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California utility says its equipment may be linked to fire

By Associated Press, The Associated Press on July 19th, 2021

SAN FRANCISCO (AP) – Pacific Gas & Electric has reported to California utility regulators that its equipment may have been involved in the start of the big Dixie Fire burning in the Sierra Nevada. The utility said in a filing Sunday that a repair man responding to a circuit outage on July 13 spotted blown ... Read More »

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Manufacturing beating pre-pandemic output, leading Canada out of recession: Report

By The Canadian Press on July 19th, 2021

TORONTO – A new report says manufacturing is leading the Canadian economy out of recession but warns that deepening trade tensions with the U.S. could stifle ongoing economic growth. The RSM Canada report says Canada’s manufacturing sector is outperforming pre-pandemic levels, with manufacturing sales and railway car loadings – the amount of cargo transported by ... Read More »

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Publisher Scholastic Inc. names Peter Warwick its new CEO

By The Associated Press on July 19th, 2021

NEW YORK (AP) – Scholastic Inc. has appointed a successor to longtime president and CEO Richard Robinson, who died last month. Peter Warwick, an independent director since 2014 on the children’s publisher’s board, will begin his new job Aug. 1. “Dick Robinson built Scholastic into the most admired global children’s book and education business,” Warwick, ... Read More »

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Stocks sink, yields tumble as virus fears circle the world

By Stan Choe, The Associated Press on July 19th, 2021

NEW YORK (AP) – From Wall Street to Sydney, stocks are sinking Monday amid worries the pandemic is worsening in hotspots around the world. The S&P 500 fell 1.6% in the first half hour of trading, after setting a record high just a week ago. In another sign of worry, the yield on the 10-year ... Read More »

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US stocks open lower as worries grow about virus spread

By The Associated Press on July 19th, 2021

NEW YORK (AP) – Stocks are opening broadly lower on Wall Street, echoing losses overseas, as investors become more worried about a resurgence in global infections of COVID-19. The benchmark S&P 500 was down 1.2% in the early going Monday, and Treasury yields moved lower as investors moved money into U.S. government bonds. European markets ... Read More »

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BRP preparing to resume side-by-side production after fire at Mexico facility

By The Canadian Press on July 19th, 2021

VALCOURT, Que. – BRP Inc. is preparing to resume production of side-by-side vehicles following a weekend fire in the storage yard of its Juarez 2 facility in Mexico. The Quebec-based recreational products company says a fire Saturday in the facility’s storage yard destroyed some units representing about six days of production. All employees on site ... Read More »

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TransAlta completes second of three planned Alberta plant conversions to natural gas

By The Canadian Press on July 19th, 2021

CALGARY – TransAlta Corp. has taken another step in its goal of becoming carbon neutral by converting the second of three planned coal-to-gas conversions at its Alberta Thermal power generation facilities near Wabamun. The conversion of Keephills Unit 2 to natural gas is part of the Calgary company’s plan to entirely generate clean energy in ... Read More »

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Microsoft Exchange email hack was caused by China, US says

By Eric Tucker, The Associated Press on July 19th, 2021

WASHINGTON – The Biden administration on Monday blamed China for a hack of Microsoft Exchange email server software that compromised tens of thousands of computers around the world earlier this year. The administration and allied nations also disclosed a broad range of other cyberthreats from Beijing, including ransomware attacks from government-affiliated hackers that have targeted ... Read More »

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Australia deports commentator Hopkins for quarantine boast

By Rod Mcguirk, The Associated Press on July 19th, 2021

CANBERRA, Australia (AP) – Far-right British commentator Katie Hopkins was deported from Australia on Monday after she boasted on social media that she planned to breach the country’s quarantine rules. Hopkins traveled to Australia to appear in a reality television program and was in a 14-day mandatory hotel quarantine in Sydney before filming was to ... Read More »

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