December 5th, 2020

Business

S&P/TSX composite up as energy sector climbs, U.S. stock markets mixed

By The Canadian Press on November 23rd, 2020

TORONTO – Gains in the energy sector helped lift Canada’s main stock index higher in late-morning trading, while U.S. stock markets were mixed. The S&P/TSX composite index was up 33.54 points at 17,052.64. In New York, the Dow Jones industrial average was up 164.52 points at 29,428.00. The S&P 500 index was up 2.27 points ... Read More »

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Quebec judge orders Hudson’s Bay to pay rent to landlords at multiple shopping malls

By The Canadian Press on November 23rd, 2020

MONTREAL – A Quebec judge has ordered Hudson’s Bay Co. to pay rent at several of its department stores in the province, saying the retailer cannot take the law into its own hands. In separate rulings issued Friday, Justice Katheryne Desfosses granted safeguard order applications made by shopping mall landlords Cominar Real Estate Investment Trust, ... Read More »

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Iamgold reducing underground workforce at Westwood after seismic event last month

By The Canadian Press on November 23rd, 2020

TORONTO – Iamgold Corp. says it is temporarily reducing the underground workforce at its Westwood mine in Quebec following what it called a seismic event. The company says underground work at Westwood remains suspended following the event that occurred on Oct. 30. The temporary reduction affects 437 workers, or about 70 per cent of the ... Read More »

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North American stock markets up in early trading to start the week

By The Canadian Press on November 23rd, 2020

TORONTO – The energy and metals and mining sectors helped boost Canada’s main stock index in early trading, while U.S. stock markets also climbed higher. The S&P/TSX composite index was up 81.97 points at 17,101.07. In New York, the Dow Jones industrial average was up 213.45 points at 29,476.93. The S&P 500 index was up ... Read More »

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Loblaw expands launch of PC Health app, offering access to nurses, dietitians

By The Canadian Press on November 23rd, 2020

BRAMPTON, Ont. – Loblaw Companies Ltd. is expanding the launch of its mobile health and wellness app, a digital tool the company says will provide free access to health-care resources and support. The grocery and pharmacy retailer is making the PC Health app available to download in Ontario, British Columbia and Alberta today after an ... Read More »

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French ex-President Sarkozy’s trial for corruption suspended

By Nicolas Vaux-Montagny And Sylvie Corbet, The Associated Press on November 23rd, 2020

PARIS – The trial of former French President Nicolas Sarkozy for corruption and influence peddling was suspended Monday less than two hours after it started, to allow a medical report on one of the defendants. Sarkozy is accused of having tried to illegally obtain information from a magistrate about an investigation involving him in 2014. ... Read More »

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US tells GM to recall nearly 6M trucks with Takata inflators

By Tom Krisher, The Associated Press on November 23rd, 2020

DETROIT – The U.S. is making General Motors recall and repair nearly 6 million big pickup trucks and SUVs equipped with potentially dangerous Takata air bag inflators. The decision announced Monday by the National Highway Traffic Safety Administration will cost the automaker an estimated $1.2 billion, about one third of its net income this year. ... Read More »

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Boralex signs $283M deal for controlling interests in seven U.S. solar power plants

By The Canadian Press on November 23rd, 2020

MONTREAL – Boralex Inc. has signed a deal to buy controlling interests in seven solar power plants in the United States from Centaurus Renewable Energy LLC and other investors for $283 million. The deal includes five solar plants in California, one in Alabama and one in Indiana. CRE and other investors will retain certain non-controlling ... Read More »

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Loblaw to test autonomous delivery vehicles in Greater Toronto Area in January

By The Canadian Press on November 23rd, 2020

TORONTO – Loblaw Companies Ltd. has signed a partnership deal with technology company Gatik to test autonomous delivery vehicles in Toronto starting in January. Under the multi-year agreement, Gatik will transport goods from an automated picking facility to retail locations across the Greater Toronto Area. The company will operate five vehicles for Loblaw up to ... Read More »

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Rights experts: Japan’s handling of Carlos Ghosn was wrong

By Jamey Keaten, The Associated Press on November 23rd, 2020

GENEVA – A panel of human rights experts working with the United Nations said Monday that former Renault-Nissan boss Carlos Ghosn was wrongly detained in Japan and has urged “compensation” and “other reparations” for him from the Japanese government. In an opinion published Monday, the Working Group on Arbitrary Detention found that Ghosn’s arrest in ... Read More »

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Rights experts: Japan was wrong to detain Carlos Ghosn

By The Associated Press on November 23rd, 2020

GENEVA – A panel of human rights experts working with the United Nations says former Renault-Nissan boss Carlos Ghosn was wrongly detained in Japan and has urged “compensation” and “other reparations” for him from the Japanese government. In an opinion published Monday, the Working Group on Arbitrary Detention found that Ghosn’s detention in Japan in ... Read More »

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