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Trade deficit narrowed in May as exports rose and imports fell again
By The Canadian Press on July 2nd, 2020
OTTAWA – Statistics Canada says the country’s merchandise trade deficit narrowed in May as exports and oil prices climbed while imports fell. The agency says the deficit contracted to $677 million in May compared with a deficit of $4.3 billion in April when exports and imports both plunged due to the COVID-19 pandemic. Total exports ... Read More »
Be the first to comment!US trade deficit rises 9.7% in May to $54.6 billion
By Paul Wiseman, The Associated Press on July 2nd, 2020
WASHINGTON – The U.S. trade deficit rose for the third straight month in May. Both exports and imports fell as the coronavirus outbreak continued to take a toll on world commerce. The Commerce Department said Thursday that the gap between the United States buys and what it sells abroad rose 9.7% in May to $54.6 ... Read More »
Be the first to comment!Sagicor Financial calls off deal with Scotiabank in Trinidad and Tobago
By The Canadian Press on July 2nd, 2020
TORONTO – Sagicor Financial Co. Ltd. says it will not go ahead with its acquisition of ScotiaLife Trinidad and Tobago Ltd. The company made the decision after it and Scotiabank Trinidad and Tobago Ltd. agreed not to proceed with a 20-year distribution agreement for insurance products in Trinidad and Tobago. Sagicor provides financial services in ... Read More »
Be the first to comment!European jobless rate inches higher amid government support
By The Associated Press on July 2nd, 2020
FRANKFURT – The unemployment rate in the 19 countries that use the euro currency inched higher to 7.4 % in May from 7.3% in April as governments used active labour market support programs to cushion the impact of the virus outbreak on workers. The European Union statistics agency Eurostat published the official figures Thursday. European ... Read More »
Be the first to comment!Australian court upholds Geoffrey Rush’s defamation payout
By Rod McGuirk, The Associated Press on July 1st, 2020
CANBERRA, Australia – An Australian court on Thursday rejected a newspaper publisher’s appeal against Oscar-winning actor Geoffrey Rush’s $2.9 billion Australian dollars ($2 million) payout for defamation. Three Federal Court judges ruled that articles published by Sydney’s The Daily Telegraph newspaper in 2017 conveyed the imputation that Rush was a pervert and that the trial ... Read More »
Be the first to comment!Canada’s five big banks join anti-hate advertising boycott of Facebook
By Jake Kivanç, The Canadian Press on July 1st, 2020
TORONTO – All five of Canada’s biggest banks are joining an international boycott of Facebook over concerns that the platform is complicit in promoting racism, violence and misinformation. Scotiabank, RBC, CIBC, BMO and TD have pledged to stop purchasing ads on the site for the month, aligning themselves with brands such as Lululemon Athletica and ... Read More »
Be the first to comment!Four of Canada’s big banks join anti-hate advertising boycott of Facebook
By Jake Kivanç, The Canadian Press on July 1st, 2020
TORONTO – Four of Canada’s five biggest banks are joining an international boycott of Facebook over concerns that the platform is complicit in promoting racism, violence and misinformation. Scotiabank, RBC, CIBC and BMO have pledged to stop purchasing ads on the site for the month, aligning themselves with brands such as Lululemon and MEC in ... Read More »
Be the first to comment!Three of Canada’s big banks join anti-hate advertising boycott of Facebook
By The Canadian Press on July 1st, 2020
TORONTO – Three of Canada’s biggest banks are joining an international boycott of Facebook over concerns that the platform is complicit in promoting racism, violence and misinformation. Scotiabank, RBC and CIBC have pledged to stop purchasing ads on the site for the month, aligning themselves with brands such as Lululemon and MEC in signing onto ... Read More »
Be the first to comment!Two of Canada’s big banks join anti-hate advertising boycott of Facebook
By The Canadian Press on July 1st, 2020
TORONTO – Two of Canada’s biggest banks are joining an international boycott of Facebook over concerns that the platform is complicit in promoting racism, violence and misinformation. Both Scotiabank and RBC have pledged to stop purchasing ads on the site for the month, aligning themselves with brands such as Lululemon and MEC in signing onto ... Read More »
Be the first to comment!Fed minutes show concerns about severity of downturn
By Martin Crutsinger, The Associated Press on July 1st, 2020
WASHINGTON – Federal Reserve officials last month expressed concerns about the severity of the economic downturn triggered by the coronavirus pandemic, saying the drop in economic activity in the spring would likely be the steepest in the post-World War II period. The minutes of the June 9-10 discussions, which were made public Wednesday, show officials ... Read More »
Be the first to comment!Russian voters agree to let Putin seek 2 more terms
By Vladimir Isachenkov And Daria Litvinova, The Associated Press on July 1st, 2020
MOSCOW – Russian voters approved changes to the constitution that will allow President Vladimir Putin to hold power until 2036, but the weeklong plebiscite that concluded Wednesday was tarnished by widespread reports of pressure on voters and other irregularities. With the nation’s polls closed and 30% of all precincts counted, 74% voted for the constitutional ... Read More »
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