June 16th, 2021

Business

Canadian Press NewsAlert: Economy lost 68,000 jobs in May, unemployment rate 8.2%

By The Canadian Press on June 4th, 2021

OTTAWA – Statistics Canada says the economy lost 68,000 jobs in May as lockdowns to slow the COVID-19 continued. The unemployment rate was 8.2 per cent in May, up from 8.1 per cent for April. More coming... Read More »

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EU, UK investigate Facebook over classified ad competition

By The Associated Press on June 4th, 2021

LONDON (AP) – European Union and British regulators opened dual antitrust investigations into Facebook on Friday to look into whether the company distorts competition in the classified advertising market by using data it collects from rival services. The EU’s executive commission said that it’s also looking at whether the way Facebook embeds its own classified ... Read More »

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EU investigates Facebook over classified advertising data

By The Associated Press on June 4th, 2021

LONDON (AP) – European Union regulators have opened an antitrust investigation into Facebook to look into whether the company distorts competition in the classified advertising market by using data it collects from rival services. The EU’s executive commission said Friday that it’s also looking at whether the way Facebook’s embeds its own classified ad service, ... Read More »

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Statistics Canada set to unveil May jobs numbers

By The Canadian Press on June 4th, 2021

OTTAWA – Statistics Canada will say today how the job market fared in May as lockdowns to slow the pandemic continued to keep many businesses closed. The economy lost 207,000 jobs in April as a spike in COVID-19 cases led to renewed public health restrictions and the unemployment rate rose to 8.1 per cent. With ... Read More »

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Most vaccinated California workers must keep masks on

By Don Thompson, The Associated Press on June 3rd, 2021

SACRAMENTO, Calif. (AP) – Conflicted California workplace regulators approved controversial rules that allow workers to go maskless only if every employee in a room is fully vaccinated against the coronavirus. But the California Occupational Safety and Health Standards Board made clear Thursday night that the regulations are only a stopgap while they consider further easing ... Read More »

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Lululemon revenue surges amid rise in e-commerce, rebound in brick-and-mortar sales

By The Canadian Press on June 3rd, 2021

VANCOUVER – Lululemon Athletica Inc.’s revenue soared by 88 per cent in its latest quarter fuelled by an ongoing e-commerce expansion and a rebound in brick-and-mortar store sales, the company said Thursday. The Vancouver-based maker of athletic and yoga wear said its revenue amounted to $1.2 billion in its first quarter, up from $652 million ... Read More »

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Lululemon Q1 revenues surge by 88 per cent to reach $1.2 billion on strong sales

By The Canadian Press on June 3rd, 2021

VANCOUVER – Lululemon Athletica Inc. says its revenue soared by 88 per cent in its latest quarter, fuelled by the company’s ongoing e-commerce expansion and a rebound in its brick-and-mortar store sales. The Vancouver-based maker of athletic and yoga wear says its revenue amounted to $1.2 billion in its first quarter, up from $652 million ... Read More »

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S&P/TSX composite down, U.S. stock markets mixed as gold and copper see declines

By The Canadian Press on June 3rd, 2021

TORONTO – Falling gold and copper prices led the Canadian dollar lower Thursday, however gains in the financial, industrial and health care sectors saved Canada’s main stock index from a heavy drop. The S&P/TSX composite index was down 29.76 points at 19,941.39. In New York, the Dow Jones industrial average was down 23.34 points at ... Read More »

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Saputo sales slip amid ongoing pandemic headwinds, lower prices for dairy products

By The Canadian Press on June 3rd, 2021

MONTREAL – Global dairy giant Saputo Inc.’s profit tumbled in its latest quarter as its results were stacked against the surge in retail sales recorded at the outset of the pandemic last year, the Montreal-based company said Wednesday. The cheese and dairy maker said it also contended with lower international market prices for cheese and ... Read More »

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Federal agency: Nevada flower near mine should be protected

By Scott Sonner, The Associated Press on June 3rd, 2021

RENO, Nev. (AP) – An extremely rare wildflower that grows only in Nevada’s high desert where an Australian mining company wants to dig for lithium should be protected under the Endangered Species Act, the U.S. Fish and Wildlife Service said Thursday. The agency outlined its intention to propose listing Tiehm’s buckwheat as a threatened or ... Read More »

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Insurance provider for Trans Mountain pipeline says it won’t renew policy

By The Canadian Press on June 3rd, 2021

An insurance provider for the Trans Mountain pipeline says it will not renew its policy with the company when it expires in August. Argo Group International Holdings Ltd., an international underwriter based in Bermuda, says the project no longer fits the company’s risk appetite. The decision by Argo Group comes even after the operator for ... Read More »

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