October 16th, 2021

Business

Resilient shoppers push retail sales up 0.7% in September

By Anne D'innocenzio, The Associated Press on October 15th, 2021

NEW YORK (AP) – Americans continued to spend at a solid clip in September despite rising prices and snarled global supply chains that are limiting the flow of goods. Retail sales rose a seasonally adjusted 0.7% in September from the month before, the U.S. Commerce Department said Friday. Sales at clothing and accessories stores rose ... Read More »

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3 German parties aim to start formal coalition talks

By The Associated Press on October 15th, 2021

BERLIN (AP) – Three German parties aim to open formal coalition talks after all made gains in last month’s election, moving a step closer to a new government that would send outgoing Chancellor Angela Merkel’s center-right bloc into opposition. The center-left Social Democrats, the environmentalist Greens and the pro-business Free Democrats on Friday wrapped up ... Read More »

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Biden signs debt limit hike, but December standoff looms

By Alexandra Jaffe, The Associated Press on October 14th, 2021

WASHINGTON (AP) – President Joe Biden on Thursday signed into law a bill raising the nation’s debt limit until early December, delaying the prospect of an unprecedented federal default that would cause economic disaster. The House passed the $480 billion increase in the country’s borrowing ceiling on Tuesday, after the Senate approved it on a ... Read More »

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Bank of Canada, Liberals watching supply-chain issues weighing on economic rebound

By Jordan Press, The Canadian Press on October 14th, 2021

OTTAWA – The head of the Bank of Canada is warning that the faster pace of price increases may persist longer than first thought, and slow the pace of Canada’s economic recovery, as global supply-chain issues weigh on the domestic economy. Annual inflation rates have run above the Bank of Canada’s comfort zone since April, ... Read More »

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Facebook updates harassment policies, says they better protect journalists from hate

By The Canadian Press on October 14th, 2021

The Canadian Association of Journalists said Facebook Inc.’s recent policy to better protect journalists from harassment is a welcome change, but more work needs to be done by the technology sector at large. The global social network company announced earlier this week that journalists will now be considered “involuntary” public figures rather than just public ... Read More »

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Canada can’t do away with COVID-19 tests for travellers just yet, Freeland says

By James McCarten, The Canadian Press on October 14th, 2021

WASHINGTON – Canada still can’t afford to take any chances when it comes to COVID-19, Deputy Prime Minister Chrystia Freeland said Thursday – and that includes requiring travellers to show a negative test result before entering the country. Freeland happened to be in Washington this week for multilateral meetings with her fellow G7 and G20 ... Read More »

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Facebook updates harassment policies, says they better protects journalists from hate

By The Canadian Press on October 14th, 2021

The Canadian Association of Journalists said Facebook Inc.’s recent policy to better protect journalists from harassment is a welcome change, but more work needs to be done by the technology sector at large. The global social network company announced earlier this week that journalists will now be considered “involuntary” public figures rather than just public ... Read More »

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Northern Ontario town says $500 land listings boosted house prices, drew families

By The Canadian Press on October 14th, 2021

A plan that saw a small town in northern Ontario offer vacant lots for as little as $500 has helped revive its economy, officials said Thursday, drawing dozens of families and more than doubling property values. Smooth Rock Falls launched the revitalization effort in 2017, years after the community was nearly ruined when its main ... Read More »

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S&P/TSX composite rises to highest level in a month on broad-based rally

By The Canadian Press on October 14th, 2021

TORONTO – Strong U.S. earnings and supportive economic data powered North American stock markets higher with Canada’s main index hitting a one-month high. The S&P/TSX composite index closed up 201.47 points to 20,819.94. In New York, the Dow Jones industrial average was up 534.75 points at 34,912.56. The S&P 500 index was up 74.46 points ... Read More »

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Canada must stay vigilant against COVID-19, including with border testing: Freeland

By The Canadian Press on October 14th, 2021

WASHINGTON – Deputy Prime Minister Chrystia Freeland is pouring cold water on the idea of letting travellers enter Canada without a COVID-19 test. Freeland says Canada needs to remain vigilant against the virus – and that includes making sure that people who cross the Canada-U.S. border are not infected. When fully vaccinated Canadian visitors are ... Read More »

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FDA panel endorses lower-dose Moderna COVID shot for booster

By Lauran Neergaard And Matthew Perrone, The Associated Press on October 14th, 2021

U.S. health advisers said Thursday that some Americans who received Moderna’s COVID-19 vaccine should get a half-dose booster to bolster protection against the virus. The panel of advisers to the Food and Drug Administration voted unanimously to recommend a booster shot for seniors, adults with other health problems, jobs or living situations that put them ... Read More »

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