September 20th, 2019

Business

Struggling media could get lift from Competition Bureau digital review: group

By The Canadian Press on September 5th, 2019

VANCOUVER – Media association says Competition Bureau examination of digital giants like Facebook and Google could give struggling companies a lift. The president of News Media Canada says his association, which represents hundreds of news organizations, has been pushing the government for years to level the playing field between digital players and legacy media. John ... Read More »

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Alimentation Couche-Tard bracing for Hurricane Dorian to hit U.S. stores

By The Canadian Press on September 5th, 2019

LAVAL, Que. – The owner of Circle K is bracing for damage as Hurricane Dorian hits the southeastern U.S. where it has hundreds of convenience stores. Alimentation Couche-Tard chief executive Brian Hannasch says the Quebec-based retailer is watching the situation closely. He says the safety of its thousands of employees is the primary concern but ... Read More »

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General Motors names Scott Bell as president of Canadian division

By The Canadian Press on September 5th, 2019

OSHAWA, Ont. – General Motors says it has named Scott Bell as its new president and managing director for GM Canada as the current president moves on to a new role at the company. Bell steps into the role of president from his position as vice president of sales, service and marketing for GM Canada. ... Read More »

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China uses arbitrary detentions as ‘tool’ to achieve ‘political goals’: Trudeau

By The Canadian Press on September 5th, 2019

OTTAWA – Prime Minister Justin Trudeau says China uses arbitrary detentions as a tool to achieve its international and domestic political goals. He brands that as a pressure tactic that is worrying not only to Canada, but to its Western allies. Trudeau offered that assessment during a meeting today with the editorial board of the ... Read More »

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Transport watchdog fines four airlines $45,000 under new passenger bill of rights

By The Canadian Press on September 5th, 2019

GATINEAU, Que. – Canada’s transport watchdog has slapped four of the country’s biggest airlines with $45,000 in fines for violating new passenger protection rules. WestJet Airlines Ltd. was fined $17,500, Air Canada was fined $12,500, and Air Transat and Porter Airlines were fined $7,500 for breaching federal regulations. Doled out by the Canadian Transportation Agency ... Read More »

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US, Chinese envoys to meet in October for tariff war talks

By Joe McDonald, The Associated Press on September 5th, 2019

BEIJING – U.S. and Chinese envoys will meet in early October for more talks aimed at ending a tariff war that threatens global economic growth. Stock markets rose on Thursday’s announcement but there has been no sign of progress since Presidents Donald Trump and Xi Jinping agreed in June to resume deadlocked negotiations about trade ... Read More »

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Transcontinental beats earnings expectations with adjusted profit of $52.2M

By The Canadian Press on September 5th, 2019

MONTREAL – TC Transcontinental shares are trading up on the Toronto Stock Exchange as it beat earnings expectations after achieving efficiency efforts. The Montreal-based company, focused on packaging, printing and media, says it had a net income of $3.4 million or four cents per share for the third quarter, down from earnings of $19.3 million ... Read More »

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Trade and uncertainty weigh on economy, Bank of Canada deputy governor says

By The Canadian Press on September 5th, 2019

A senior Bank of Canada official says the Canadian economy has shaken off the weakness seen at the start of the year, but escalating trade conflicts and the related uncertainty are taking a toll. In a speech in Halifax, deputy governor Lawrence Schembri says the Canadian economy has rebounded from its earlier soft patch, but ... Read More »

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Toronto stock market posts triple-digit gain on broad-based rally in main sectors

By The Canadian Press on September 5th, 2019

TORONTO – Canada’s main stock index increased by triple digits in late-morning trading, helped by strong gains in the heavyweight energy, industrials and financials sectors. The S&P/TSX composite index was up 148.69 points at 16,597.53. In New York, the Dow Jones industrial average was up 452.49 points at 26,807.96. The S&P 500 index was up ... Read More »

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Johnson seeks UK election bid as political foes push back

By Jill Lawless, The Associated Press on September 5th, 2019

LONDON – Prime Minister Boris Johnson kept up his push Thursday for an early general election as a way to break Britain’s Brexit impasse, as lawmakers moved to stop the U.K. leaving the European Union next month without a divorce deal. Already dealt stinging defeats this week from his opponents in Parliament, Johnson suffered a ... Read More »

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Giving teens a credit card early may teach financial lessons early

By Armina Ligaya, The Canadian Press on September 5th, 2019

TORONTO – For teens finishing off their last years of high school, some financial experts say parents may want to consider an unlikely tool to prepare them for the adult world: a credit card. Giving teens access to credit, with guidance, may be a way to teach them how to handle it before they leave ... Read More »

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