September 26th, 2021

Business

S&P/TSX composite ends down for third straight week on events coming out of China

By The Canadian Press on September 24th, 2021

TORONTO – Canada’s main stock index concluded its third losing week in a row by giving back some of its recent gains amid concerns out of China about the real estate market and the country’s ban on cryptocurrencies. The S&P/TSX composite index closed down 59.27 points to 20,402.66. In New York, the Dow Jones industrial ... Read More »

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Huawei executive resolves criminal charges in deal with US

By Eric Tucker And Jim Mustian, The Associated Press on September 24th, 2021

NEW YORK (AP) – A top executive of Chinese communications giant Huawei Technologies has resolved criminal charges against her as part of a deal with the U.S. Justice Department that could pave the way for her to return to China and that concludes a case that roiled relations between Washington and Beijing. The deal with ... Read More »

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Meat packers call for changes to foreign worker cap to address labour shortage crisis

By The Canadian Press on September 24th, 2021

CALGARY – Canadian meat packers say they are dealing with a labour shortage crisis and must be allowed to bring in more temporary foreign workers. The Canadian Meat Council says there are more than 4,000 empty butcher stations at packing plants countrywide. That works out to an average job vacancy rate of more than 10 ... Read More »

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Canadian railways could run out of grain to transport due to drought: analyst

By Ross Marowits, The Canadian Press on September 24th, 2021

TORONTO – Canada’s two largest railways may run out of grain to move and face revenue challenges in the coming year as the domestic grain crop is expected to decrease 37 per cent due to drought conditions across the Prairies despite a slight improvement in August. Statistics Canada said Friday that 3.07 million tonnes of ... Read More »

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PG&E charged in California wildfire last year that killed 4

By The Associated Press on September 24th, 2021

REDDING, Calif. (AP) – Pacific Gas & Electric has been charged with manslaughter and other crimes in a Northern California wildfire last year that killed four people and destroyed hundreds of homes. Investigators determined that aging equipment belonging to the nation’s largest utility sparked the Zogg Fire last September near the city of Redding. Shasta ... Read More »

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Huawei exec resolves criminal charges in deal with US

By Eric Tucker And Jim Mustian, The Associated Press on September 24th, 2021

NEW YORK (AP) – A top executive of Chinese communications giant Huawei Technologies has reached a deal with the Justice Department that enables her to resolve criminal charges against her, according to her lawyer and a letter from the Justice Department. The deal with Meng Wanzhou, Huawei’s chief financial officer and the daughter of the ... Read More »

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NY hospitals, schools fear staff shortage from vaccine rules

By Michael Hill, Bobby Caina Calvan And Michelle L. Price, The Associated Press on September 24th, 2021

NEW YORK (AP) – Some of the nation’s most aggressive COVID-19 vaccine mandates are scheduled to take effect Monday in New York amid continued resistance from some to the shots, leaving hospitals and nursing homes across the state and schools in New York City bracing for possible staff shortages. Many health care workers, including support ... Read More »

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Small businesses face threats, backlash as vaccine passports take effect

By Salmaan Farooqui, The Canadian Press on September 24th, 2021

With the introduction of every new pandemic measure, The Hearty Hooligan restaurant in Hamilton has faced fake one-star reviews, online harassment, and disruptions at their location. The situation is bad enough that head chef Matthew Miles installed a panic button at their counter, and practices dealing with unruly customers with his staff using role plays. ... Read More »

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Justice Dept: Huawei exec poised to resolve criminal charges

By Eric Tucker And Jim Mustian, The Associated Press on September 24th, 2021

NEW YORK (AP) – U.S. prosecutors are prepared to resolve criminal charges against the chief financial officer of Chinese communications giant Huawei Technologies, the Justice Department disclosed Friday in a letter to a federal judge in New York. The details of the resolution of the case against Meng Wanzhou were expected to be revealed at ... Read More »

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Hudson’s Bay steps into booming resale marketplace with baby gear startup Rebelstork

By Brett Bundale, The Canadian Press on September 24th, 2021

Hudson’s Bay Co. is wading into the booming resale marketplace through a partnership with Canadian startup Rebelstork Corp. as shoppers increasingly turn to second-hand e-commerce platforms in search of cheaper and greener goods. The deal will give Rebelstork, a managed marketplace for the resale of overstock, open box and used baby gear, a link on ... Read More »

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Federal deficit hit $48.5 billion over first four months of fiscal year

By The Canadian Press on September 24th, 2021

OTTAWA – The federal government ran a deficit of more than $48 billion over the first four months of its fiscal year, about $100 billion less than the treasury pumped out during the same period one year earlier. The Finance Department’s regular fiscal monitor says the budgetary deficit between April and July was just under ... Read More »

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