January 16th, 2019

Business

StatCan warns of impact on release of trade data from U.S. government shutdown

By The Canadian Press on January 3rd, 2019

OTTAWA – Statistics Canada is warning the partial shutdown of the U.S. government could have an impact on the agency’s ability to release a complete picture of trade between North America’s largest trading partners. Each country has been using the other’s import data to produce its export statistics since 1990. U.S. imports from Canada reported ... Read More »

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Stocks plunge after Apple sees slower iPhone sales in China

By Marley Jay, The Associated Press on January 3rd, 2019

NEW YORK – Stocks went into a steep slide Thursday morning after Apple reported a slowdown in iPhone sales over the holidays in China, a hugely important market for the company. The rare warning of disappointing results from Apple sent a shudder through markets and reinforced fears among investors that the world’s second-largest economy is ... Read More »

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North American stocks markets move lower after Apple says iPhone sales slow

By The Canadian Press on January 3rd, 2019

TORONTO – Canada’s main stock index posted a triple-digit decline due to a broad-based move lower, while U.S. markets plunged after Apple reported a slowdown in iPhone sales over the holidays in China. The S&P/TSX composite index was down 189.74 points at 14,157.42. In New York, the Dow Jones industrial average was down 576.62 points ... Read More »

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Guyana Goldfields investors, founder call for board, management shake-up

By The Canadian Press on January 3rd, 2019

TORONTO – Guyana Goldfields Inc. says it will review an official request for a special shareholder meeting made by investors concerned about the company’s share performance. The investors say they want the meeting called to replace the board of directors in the latest of several recent shareholder actions in the mining industry. The group of ... Read More »

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Murder houses a tough sell, but a home’s dark past may stay hidden

By Armina Ligaya, The Canadian Press on January 3rd, 2019

TORONTO – It was a “stunning” property in the heart of downtown Toronto, but for broker Caroline Baile it was a tough sell. That’s because the home had been the site of a recent murder, a domestic dispute turned fatal. Baile would tell potential buyers about the tragic death that took place, but the property’s ... Read More »

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Boomer bikers are turning to three-wheelers to keep up life in the fast lane

By Chris Reynolds, The Canadian Press on January 3rd, 2019

MONTREAL – Pam Fraser had never been on a motorcycle – or anything resembling one, such as the three-wheeled Piaggio scooter her husband Brian hauled home from the dealership 10 years ago. “I thought for sure he is going to kill himself on this thing,” she said. Brian, a firefighter at the time, relented, trading ... Read More »

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US stocks set for another big fall after Apple’s warning

By Pan Pylas, The Associated Press on January 3rd, 2019

LONDON – Apple’s shock warning that its Chinese sales are weakening ratcheted up concerns about the world’s second largest economy and weighed heavily on global stock markets as well as the dollar on Thursday. In a letter to shareholders on Wednesday, Apple CEO Tim Cook said iPhone demand was waning in China and would hurt ... Read More »

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PwC says Canadian initial public offering market in 2018 totalled $2.2 billion

By The Canadian Press on January 3rd, 2019

TORONTO – PwC says the initial public offering market in Canada totalled $2.2 billion last year, less than half of what was seen in 2017. The firm says in all of 2018 there were 54 new equity issues on four exchanges that generated a total of $2.2 billion. That compared with the $5.1 billion raised ... Read More »

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Talks go nowhere as partial gov’t shutdown enters 13th day

By Lisa Mascaro And Catherine Lucey, The Associated Press on January 3rd, 2019

WASHINGTON – No one budged at President Donald Trump’s closed-door meeting with congressional leaders, so the partial government shutdown persisted over his demand for billions of dollars to build a wall along the U.S. border with Mexico. They’ll all try again Friday. In public, Trump renewed his dire warnings of rapists and others at the ... Read More »

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Waning iPhone demand highlights consumer anxiety in China

By Joe McDonald, The Associated Press on January 3rd, 2019

BEIJING – Apple’s $1,000 iPhone is a tough sell to Chinese consumers jittery over an economic slump and the trade war with Washington. CEO Tim Cook told shareholders Wednesday that iPhone demand is waning, mainly in China. That makes the tech giant the latest global company grappling with Chinese consumer anxiety. Other brand names from ... Read More »

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Lawyers try to seize Japanese assets over Korean forced work

By Kim Tong-Hyung, The Associated Press on January 3rd, 2019

SEOUL, Korea, Republic Of – Lawyers for South Koreans forced into wartime labour have taken legal steps to seize the South Korean assets of a Japanese company they are trying to pressure into following a court ruling to provide them compensation. Lawyer Lim Jae-sung said Thursday the court in the city of Pohang could decide ... Read More »

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