November 29th, 2020

Business

US jobless claims increase to 742,000 as pandemic worsens

By Christopher Rugaber, The Associated Press on November 19th, 2020

WASHINGTON – The number of Americans seeking unemployment aid rose last week to 742,000, the first increase in five weeks and a sign that the resurgent viral outbreak is likely slowing the economy and forcing more companies to cut jobs. The Labor Department’s report Thursday showed that applications for benefits rose from 711,000 in the ... Read More »

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US jobless claims increase to 742,00 as pandemic worsens

By Christopher Rugaber, The Associated Press on November 19th, 2020

WASHINGTON – The number of Americans seeking unemployment aid rose last week to 742,000, the first increase in five weeks and a sign that the resurgent viral outbreak is likely slowing the economy and forcing more companies to cut jobs. The Labor Department’s report Thursday showed that applications for benefits rose from 711,000 in the ... Read More »

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Canada-Britain trade negotiation in final stages as Dec. 31 tariff deadline looms

By Mike Blanchfield, The Canadian Press on November 19th, 2020

OTTAWA – Canada and Britain say they are in the final stages of negotiating a new trade deal before a Dec. 31 deadline. That would prevent Canadian products from seafood to steaks and autos from being slapped with new tariffs when Britain leaves the European Union. The spokeswoman for Trade Minister Mary Ng says Canada ... Read More »

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‘Wonder Woman 1984’ to debut in theatres and on HBO Max

By Lindsey Bahr, The Associated Press on November 18th, 2020

“Wonder Woman 1984″ isn’t skipping theatres or moving to 2021, but it is altering course. The last big blockbuster holdout of 2020 is still opening in U.S. theatres on Christmas Day but it will also be made available to HBO Max subscribers free of charge for its first month, Warner Bros. said Wednesday. The film ... Read More »

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Ivanhoe Cambridge cuts 50 positions, mainly outside Quebec, in shopping centres

By The Canadian Press on November 18th, 2020

MONTREAL – The real estate arm of Quebec’s pension fund manager has laid off about 50 people, mostly outside of Quebec, as it continues efforts to turn around the performance of its shopping centres. Ivanhoe Cambridge’s latest restructuring in five months will affect seven Quebec employees and about 43 elsewhere in Canada. Six positions are ... Read More »

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North American markets weighed down by COVID-19 concerns after NYC schools shut down

By The Canadian Press on November 18th, 2020

TORONTO – North American stock markets reversed an early upward climb as a shutdown of New York City schools heightened concerns about a spread of lockdowns. The S&P/TSX composite index closed down 58.24 points to 16,889.82. In New York, the Dow Jones industrial average was down 344.93 points at 29,438.42. The S&P 500 index was ... Read More »

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Metro expands online grocery offerings as e-commerce sales jump 160 per cent

By The Canadian Press on November 18th, 2020

MONTREAL – Metro Inc., one of the country’s top three grocery retailers, is expediting its push into online food ordering and home delivery, as e-commerce grocery sales continue to beat expectations. The Montreal-based company, which includes the eponymous grocery store chain, said Wednesday it’s opening a dedicated store for online grocery orders with home delivery ... Read More »

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Rogers cancels local Breakfast Television shows in Calgary and Vancouver

By David Paddon, The Canadian Press on November 18th, 2020

TORONTO – Rogers Sports and Media is cancelling its Breakfast Television shows in Calgary and Vancouver, making adjustments to some local radio operations and laying off an unspecified number of staff. A statement from the Toronto-based company says “a small percentage” of its staff across the country will be let go. It says the Breakfast ... Read More »

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More CN layoffs only if business slows dramatically during second wave, says CEO

By The Canadian Press on November 18th, 2020

MONTREAL – CN Rail’s chief executive says the railway will only have to consider another painful round of layoffs if the North American economy slows dramatically and reduces shipping volumes during COVID-19’s second wave. A day after marking the Montreal-based railway’s silver anniversary since privatization, Jean-Jacques Ruest says business is recovering from a big drop ... Read More »

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Boeing Max to fly again almost 2 years after deadly crashes

By David Koenig And Tom Krisher, The Associated Press on November 18th, 2020

After nearly two years and a pair of deadly crashes, the U.S. Federal Aviation Administration has cleared Boeing’s 737 Max for flight. The nation’s air safety agency announced the move early Wednesday, saying it was done after a “comprehensive and methodical” 20-month review process. Regulators around the world grounded the Max in March 2019, after ... Read More »

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Rising food prices push annual rate of inflation 0.7 per cent higher in October

By Jordan Press, The Canadian Press on November 18th, 2020

OTTAWA – The country’s headline inflation meter jumped last month by 0.7 per cent compared to one year ago, the fastest the consumer price index has risen in months, largely on the back of higher food prices. October’s increase compared with a year-over-year rise of 0.5 per cent in September. The increase was almost entirely ... Read More »

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