November 28th, 2021

Business

US industrial production rebounded 1.6% in October

By Martin Crutsinger, The Associated Press on November 16th, 2021

WASHINGTON (AP) – U.S. industrial production rebounded in October as automakers, stung by supply chain problems, posted a strong increase and the adverse effects from Hurricane Ida faded. Industrial production rose 1.6% last month after a 1.3% plunge in September, the Federal Reserve reported Tuesday. The September weakness reflected severe shortages of semiconductor chips that ... Read More »

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New, Stephen Poloz-backed company aims to make home ownership more attainable

By Tara Deschamps, The Canadian Press on November 16th, 2021

TORONTO – A new company backed by a former Bank of Canada governor wants to help Canadians co-own real estate through investments valued at just 2.5 per cent of a property’s value. The goal of Key, a Toronto-based company that launched Tuesday with Stephen Poloz as its global advisory board chair, is to help people ... Read More »

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Americans ramped up retail spending a strong 1.7% last month

By Christopher Rugaber, The Associated Press on November 16th, 2021

WASHINGTON (AP) – Americans sharply boosted their spending last month, pushing up retail sales and giving the economy a lift. Much of the gain reflected the fact that shoppers are also paying higher prices. Retail sales rose a seasonally adjusted 1.7% in October from September, the U.S. Commerce Department said Tuesday. That’s up from 0.8% ... Read More »

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Flair Airlines expands again with new service to Mexico

By Amanda Stephenson, The Canadian Press on November 16th, 2021

CALGARY – Edmonton-based discount carrier Flair Airlines is expanding yet again, this time launching service to Mexico. Flair – which bills itself as an ultra-low-cost carrier offering unbundled, bare-bones fares to budget-conscious travellers – announced Tuesday it will begin non-stop flights this winter to Cancun and Los Cabos, Mexico, from Vancouver, Abbotsford, Edmonton, Ottawa and ... Read More »

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Canadian store Le Château unveils holiday dress collection ahead of spring relaunch

By The Canadian Press on November 16th, 2021

TORONTO – Canadian retailer Le Château is making its comeback from bankruptcy today with the online launch of an evening wear collection ahead of the holidays. The so-called glamour capsule offers shoppers a hint of what to expect with the brand’s relaunch under new owner Suzy’s Inc., the company behind Suzy Shier, set for this ... Read More »

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Cboe expanding Canadian footprint with purchase of NEO Exchange

By The Canadian Press on November 15th, 2021

TORONTO – U.S. exchange operator Cboe Global Markets Inc. is expanding its Canadian footprint by buying Aequitas Innovations, Inc., more commonly known as NEO, for an undisclosed price. The deal announced Monday follows the Chicago-based company’s 2020 acquisition of alternative trading system MatchNow. Fully operational since 2015, the NEO Exchange is a Toronto-based Canadian stock ... Read More »

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CRTC to require telecom providers to implement call authentification

By The Canadian Press on November 15th, 2021

TORONTO – Canadian telecom companies have until the end of the month to implement new technology aimed at cracking down on robocalls. They must meet a technical standard that gives telecom providers the ability to validate a caller’s identity. The CRTC has said telecom providers must update their networks by Nov. 30 to enable the ... Read More »

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Biden signs $1T infrastructure bill with bipartisan audience

By Josh Boak, The Associated Press on November 15th, 2021

WASHINGTON (AP) – President Joe Biden signed his $1 trillion infrastructure deal into law Monday on the White House lawn, hailing it as an example of what bipartisanship can achieve. The president hopes to use the law to build back his popularity and says it will deliver jobs, clean water, high-speed internet and a clean ... Read More »

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North American stock markets start week lower with commodity sectors mixed

By The Canadian Press on November 15th, 2021

TORONTO – Canada’s main stock index moved lower to start the trading week, while U.S. markets were relatively flat ahead of this week’s release of U.S. retail sales and Canadian inflation numbers. The S&P/TSX composite index was down 85.45 points to 21,683.08 after closing at a record high to end last week. In New York, ... Read More »

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Biden hopes $1T infrastructure bill can boost his popularity

By Josh Boak, The Associated Press on November 15th, 2021

WASHINGTON (AP) – President Joe Biden signed his $1 trillion infrastructure deal into law Monday on the White House lawn, hailing it as an example of what bipartisanship can achieve. The president hopes to use the law to build back his popularity and says it will deliver jobs, clean water, high-speed internet and a clean ... Read More »

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A list of Canada-U.S. irritants as Thursday’s trilateral Three Amigos summit nears

By The Canadian Press on November 15th, 2021

WASHINGTON – As Prime Minister Justin Trudeau meets Thursday with U.S. President Joe Biden and Mexican President Andrés Manuel López Obrador, observers say Canada has a lot to complain about. Here are some of the issues that have been chafing north of the border: Pipelines: In addition to Keystone XL, the Biden administration has shown ... Read More »

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