October 24th, 2020

Business

S&P/TSX composite down as energy, financials and miners slip, U.S. stocks mixed

By The Canadian Press on October 13th, 2020

TORONTO – Canada’s main stock index was down in late-morning trading on losses in the energy, financial and mining sectors. The S&P/TSX composite index was down 77.32 points at 16,485.49. In New York, the Dow Jones industrial average was down 66.60 points at 28,770.92. The S&P 500 index was down 6.18 points at 3,528.04, while ... Read More »

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Wave of ‘Nutcracker’ cancellations hits dance companies hard

By Andrew Welsh-Huggins, The Associated Press on October 13th, 2020

COLUMBUS, Ohio – For many, it’s not Christmas without the dance of Clara, Uncle Drosselmeyer, the Sugar Plum Fairy, the Mouse King and, of course, the Nutcracker Prince. But this year the coronavirus pandemic has cancelled performances of “The Nutcracker” around the U.S. and Canada, eliminating a major and reliable source of revenue for dance ... Read More »

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Transat share price shoots up after Air Canada announces revised takeover bid

By The Canadian Press on October 13th, 2020

MONTREAL – Transat AT shares rose 23 per cent this morning after Air Canada said it still plans to buy its smaller rival but at a substantially reduced price due to the collapse of the aviation industry amid COVID-19.. Transat stock climbed 87 cents to $4.70 after markets opened, buoyed by Air Canada’s reassurance. The ... Read More »

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Trade body says EU can sanction 4$B worth of US goods

By The Associated Press on October 13th, 2020

GENEVA – World Trade Organization arbitrators said Tuesday that the European Union can sanction up to $4 billion in U.S. goods over Washington’s illegal support for plane maker Boeing. The ruling, which could inflame Trump administration criticism of the Geneva-based trade body, amounts to one of the largest penalties handed down by the WTO. It ... Read More »

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S&P/TSX composite down as price of gold falls, U.S. stock markets move lower

By The Canadian Press on October 13th, 2020

TORONTO – Canada’s main stock index was down in early trading as the price of gold and gold mining stocks fell and U.S. stock markets moved lower. The S&P/TSX composite index was down 64.34 points at 16,498.47. In New York, the Dow Jones industrial average was down 57.81 points at 28,779.71. The S&P 500 index ... Read More »

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‘I’d be better off going after a bank’: Pot companies beef up security for Croptober

By Tara Deschamps, The Canadian Press on October 13th, 2020

TORONTO – Long before Christina Lake Cannabis purchased its 32 acres of land between two intersecting valleys in B.C.’s lower interior, the mountains above it were firmly established in the annals of pot growing lore. In 2010, theRCMP found 10 or 26 (depending who you ask) black bears defending 1,000 cannabis plants and a house ... Read More »

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Consumer prices rise 0.2% in September, used vehicles spike

By Matt Ott, The Associated Press on October 13th, 2020

SILVER SPRING, Md. – U.S. consumer prices rose slightly in September, led again by sharp increases in the index for used vehicles. The consumer price index rose 0.2% last month, after gaining 0.4% in August, the Labor Department reported Tuesday. Prices for used cars and trucks rose 6.7% in September after a 5.4% gain in ... Read More »

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Uptick for retiree checks in 2021 amid coronavirus worries

By Ricardo Alonso-Zaldivar And Andrew Taylor, The Associated Press on October 13th, 2020

WASHINGTON – Social Security recipients will get a modest 1.3% cost-of living-increase in 2021, but that might be small comfort amid worries about the coronavirus and its consequences for older people. The increase amounts to $20 a month for the average retired worker, according to estimates released Tuesday by the Social Security Administration. That would ... Read More »

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Consumer prices rise 0.2% in September as vehicles spike

By Matt Ott, The Associated Press on October 13th, 2020

SILVER SPRING, Md. – U.S. consumer prices rose slightly in September, led again by sharp increases in the index for used vehicles. The Labor Department reported Tuesday that the consumer price index rose 0.2% last month, after gaining 0.4% in August. Prices for used cars and trucks rose 6.7% in September after a 5.4% gain ... Read More »

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IMF envisions a sharp 4.4% drop in global growth for 2020

By Martin Crutsinger, The Associated Press on October 13th, 2020

WASHINGTON – The International Monetary Fund foresees a steep fall in international growth this year as the global economy struggles to recover from the pandemic-induced recession, its worst collapse in nearly a century. The IMF estimated Tuesday that the global economy will shrink 4.4% for 2020. That would be the worst annual plunge since the ... Read More »

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Caisse buying portfolio of solar power assets in Spain from Q-Energy

By The Canadian Press on October 13th, 2020

MONTREAL – The Caisse de depot et placement du Quebec has signed a deal to buy a portfolio of solar power assets in Spain from Q-Energy. Financial terms of the agreement were not immediately available. The portfolio includes 73 assets located throughout Spain that together can produce enough electricity to supply more than 115,000 households. ... Read More »

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