April 11th, 2021

Business

Corus lands deal with U.S. streamer Hulu, CEO says Canadian ad revenue rising

By David Paddon, The Canadian Press on April 9th, 2021

TORONTO – Corus Entertainment Inc. announced a distribution deal with U.S. streaming service Hulu Friday as it reported better-than-expected second-quarter financial results. The Toronto-based company – which owns one of Canada’s largest radio groups, the Global television network and dozens of specialty cable channels – said its Corus Studios division has signed a deal to ... Read More »

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S&P/TSX composite down in early trading, U.S. stock markets mixed

By The Canadian Press on April 9th, 2021

TORONTO – Canada’s main stock index fell in early trading amid weakness in the base metals and technology sectors, while U.S. stock markets were mixed. The S&P/TSX composite index was down 71.30 points at 19,157.57. In New York, the Dow Jones industrial average was up 103.45 points at 33,607.02. The S&P 500 index was up ... Read More »

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Carolyn Wilkins named to financial policy committee at Bank of England

By The Canadian Press on April 9th, 2021

LONDON – Former Bank of Canada senior deputy governor Carolyn Wilkins is joining a committee at the Bank of England responsible for financial stability. Wilkins has been named an external member of the financial policy committee at Britain’s central bank. She fills a vacancy created by the departure of Donald Kohn. Wilkins will serve a ... Read More »

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Here’s a quick glance at unemployment rates for March, by Canadian city

By The Canadian Press on April 9th, 2021

OTTAWA – The national unemployment rate was 7.5 per cent in March. Statistics Canada also released seasonally adjusted, three-month moving average unemployment rates for major cities. It cautions, however, that the figures may fluctuate widely because they are based on small statistical samples. Here are the jobless rates last month by city (numbers from the ... Read More »

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Here’s a quick glance at unemployment rates for March, by province

By The Canadian Press on April 9th, 2021

OTTAWA – Canada’s national unemployment rate was 7.5 per cent in March. Here are the jobless rates last month by province (numbers from the previous month in brackets): _ Newfoundland and Labrador 12.4 per cent (15.3) _ Prince Edward Island 8.1 per cent (9.2) _ Nova Scotia 8.6 per cent (8.1) _ New Brunswick 9.2 ... Read More »

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Wholesale prices up 1% in March, energy leads the way again

By Matt Ott, The Associated Press on April 9th, 2021

SILVER SPRING, Md. – Wholesale prices jumped again in March pushed by another big increase in energy prices, the government reported Friday. The Labor Department’s producer price index, which measures inflation before it reaches consumers, rose 1% in March, which follows last month’s 0.5% gain and a record jump of 1.3% in January. Energy prices ... Read More »

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National employment numbers for March from Statistics Canada, at a glance

By The Canadian Press on April 9th, 2021

OTTAWA – A quick look at Canada’s March employment (numbers from the previous month in brackets): Unemployment rate: 7.5 per cent (8.2) Employment rate: 60.3 per cent (59.4) Participation rate: 65.2 per cent (64.7) Number unemployed: 1,516,700 (1,665,100) Number working: 18,834,300 (18,531,200) Youth (15-24 years) unemployment rate: 14.0 per cent (17.1) Men (25 plus) unemployment ... Read More »

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Economy adds 303,000 jobs in March, unemployment rate falls, Statistics Canada says

By The Canadian Press on April 9th, 2021

OTTAWA – Statistics Canada says the economy added 303,000 jobs in in March as employment increased, with gains in sectors hardest hit by public health restrictions. In March, Statistics Canada says there were about 95,000 more retail jobs, fully recouping losses sustained in January lockdowns, and an employment bump of 21,000 in the accommodation and ... Read More »

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Canadian Press NewsAlert: Economy adds 303,000 jobs in March, unemployment rate falls

By The Canadian Press on April 9th, 2021

OTTAWA – Statistics Canada says the economy added 303,000 jobs in in March. The increase puts employment 296,000 shy of the pre-COVID level in February 2020. The unemployment rate was 7.5 per cent, down from 8.2 per cent in Febuary. More coming... Read More »

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MTY Food Group reports $13.4M Q1 profit, down from $19M a year ago

By The Canadian Press on April 9th, 2021

MONTREAL – MTY Food Group Inc. reported a first-quarter profit of $13.4 million, down from $19.0 million a year ago, as it continued to deal with the impact of the pandemic. The restaurant franchising company says the profit amounted to 54 cents per diluted share for the quarter ended Feb. 28, down from 76 cents ... Read More »

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Corus reports $35.3M Q2 profit, up from $18.5M a year ago, tops expectations

By The Canadian Press on April 9th, 2021

TORONTO – Corus Entertainment Inc. topped expectations as it reported its second-quarter profit nearly doubled compared with a year ago. The company says the result was helped by a continued recovery in television advertising revenue, new subscribers to its paid streaming services and growth in its content licensing business. Corus reported a second-quarter profit of ... Read More »

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