November 29th, 2020

Business

Bank of Canada governor says country needs to pick up pace on tackling climate change

By Jordan Press, The Canadian Press on November 17th, 2020

OTTAWA – Canada’s top central banker is making a plea for the country to more quickly address the impacts of climate change to avoid any economic ripple effects on households and businesses. Tiff Macklem made the case in a speech Tuesday that Canada’s financial system needs to become as resilient to climate change as it ... Read More »

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Migrant worker groups critical of Ontario’s new farm outbreak plan

By The Canadian Press on November 17th, 2020

TORONTO – Migrant worker advocacy groups say a new strategy aimed at preventing COVID-19 outbreaks on Ontario farms does not go far enough to protect vulnerable employees. Both the Migrant Workers Alliance and Justice for Migrant workers say the strategy unveiled Monday does not mandate key safety requirements like physical distancing or build in enforcement ... Read More »

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TC Energy exec says Keystone XL fits Biden agenda with union jobs, Indigenous support

By Dan Healing, The Canadian Press on November 17th, 2020

CALGARY – The creation of union jobs and support by Indigenous investors will help convince U.S. president-elect Joe Biden that the Keystone XL pipeline fits into his “Build Back Better” agenda, an executive with proponent TC Energy Corp. said Tuesday. The Calgary-based company said it is forging ahead with construction of the pipeline designed to ... Read More »

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Kraft Heinz says production of its iconic condiment Heinz Ketchup to return to Canada

By The Canadian Press on November 17th, 2020

TORONTO – Kraft Heinz says the production of Heinz Ketchup is returning to Canada, with the company’s Montreal factory set to begin making the iconic condiment next summer. The ketchup maker says the decision to move production back to Canada from the U.S. comes after a joint investment between Kraft Heinz Canada and the Quebec ... Read More »

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Weak 0.3% US October sales gain spreads some holiday unease

By Joseph Pisani, The Associated Press on November 17th, 2020

NEW YORK – Retail sales in the U.S. grew a sluggish 0.3% in October, even as retailers offered early holiday discounts online and in stores. A surge in coronavirus infections nationwide and the expiration of a $600 weekly boost to unemployment checks over the summer has slowed spending by Americans and contributed to the slowest ... Read More »

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Isolated Americans spend at home; Home Depot is there for it

By Michelle Chapman, The Associated Press on November 17th, 2020

As the year comes to a close Americans are still stuck at home and that has led to an explosive year for Home Depot. The most recent quarter is no exception. Third-quarter sales surged 23% and the home improvement chain beat expectations by almost any measure. Revenue totalled $33.54 billion for the three months ended ... Read More »

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Retail sales grew a slower-than-expected 0.3% in October

By Joseph Pisani, The Associated Press on November 17th, 2020

NEW YORK – Retail sales in the U.S. grew a sluggish 0.3% in October, even as retailers offered early holiday discounts online and in stores. A surge in coronavirus infections nationwide and the expiration of a $600 weekly boost to unemployment checks over the summer has slowed spending by Americans and contributed to the slowest ... Read More »

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Another booming quarter for Walmart, but sales are slowing

By Anne D'Innocenzio, The Associated Press on November 17th, 2020

NEW YORK – Walmart turned out another stellar quarter as the world’s largest retailer powers through a pandemic that has felled other national chains. But sales at stores opened at least a year slowed in the three months that ended with October compared with earlier this year as the pandemic gained ground. Americans spent more ... Read More »

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Amazon opens online pharmacy, shaking up another industry

By Joseph Pisani And Tom Murphy, The Associated Press on November 17th, 2020

NEW YORK – Now at Amazon.com: insulin and inhalers. The online colossus opened an online pharmacy Tuesday that allows customers to order medication or prescription refills, and have them delivered to their front door in a couple of days. The potential impact of Amazon’s arrival in the pharmaceutical space rippled through that sector immediately. The ... Read More »

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Give us a week: Businesses urge clarity on England lockdown

By Pan Pylas, The Associated Press on November 17th, 2020

LONDON – Business leaders urged the British government on Tuesday to give them at least a week’s notice over what restrictions they will face when the lockdown in England expires in early December. With the four-week lockdown due to end on Dec. 2, businesses forced to shut during November are hoping they will be able ... Read More »

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Financials help S&P/TSX composite creep higher, U.S. stock markets down

By The Canadian Press on November 17th, 2020

TORONTO – Gains in the financial sector helped Canada’s main stock index creep higher in late-morning trading, while U.S. stock markets fell. The S&P/TSX composite index was up 1.19 points at 16,891.00. In New York, the Dow Jones industrial average was down 188.55 points at 29,761.89. The S&P 500 index was down 15.04 points at ... Read More »

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