June 17th, 2019

Business

US retail sales rose 0.5% in May, led by online shopping

By Christopher Rugaber, The Associated Press on June 14th, 2019

WASHINGTON – Americans stepped up their retail spending last month, a sign that low unemployment and modest wage gains are encouraging consumers to shop. The Commerce Department says retail sales rose 0.5% in May, after a smaller gain of 0.3% in the previous month. April’s figure was revised up from an earlier estimate that had ... Read More »

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US says Iran took mine off tanker; Iran denies involvement

By Jon Gambrell, The Associated Press on June 13th, 2019

DUBAI, United Arab Emirates – The U.S. military on Friday released a video it said shows Iran’s Revolutionary Guard removing an unexploded limpet mine from one of the oil tankers targeted near the Strait of Hormuz, suggesting the Islamic Republic sought to remove evidence of its involvement from the scene. Iran denies being involved, accusing ... Read More »

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US says Iran removed unexploded mine from oil tanker

By The Associated Press on June 13th, 2019

DUBAI, United Arab Emirates – The U.S. military’s Central Command has released a video is says shows Iranian forces removing an unexploded limpet mine from one of the two ships suspected to have been attacked near the Strait of Hormuz. It released the black-and-white footage early Friday morning. Capt. Bill Urban, a Central Command spokesman, ... Read More »

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Hexo details U.S. CBD plans as stock slips on third-quarter earnings miss

By Armina Ligaya, The Canadian Press on June 13th, 2019

Cannabis company Hexo Corp. outlined its plans to enter eight U.S. states with CBD products in 2020 as it reported third-quarter earnings that fell short of expectations, sending its stock lower. Hexo chief executive Sebastien St.-Louis would not say which states the pot producer was prioritizing, but the company expects to enter the U.S. market ... Read More »

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Middle East tanker attack lifts oil prices and North American stock markets

By The Canadian Press on June 13th, 2019

TORONTO – An attack on oil tankers in the Middle East sent crude prices higher to the benefit of North American stock markets. The S&P/TSX composite index closed up 12.02 points to 16,239.26. In New York, the Dow Jones industrial average was up 101.94 points at 26,106.77. The S&P 500 index was up 11.80 points ... Read More »

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Feds announce $10M for RCMP to fight money laundering after ministers’ meeting

By The Canadian Press on June 13th, 2019

VANCOUVER – The federal government has announced $10 million to help the RCMP prosecute money laundering after a special meeting in Vancouver of Canada’s finance and justice ministers to discuss the pervasive problem. Finance Minister Bill Morneau says the ministers discussed the importance of prosecuting money launderers and the new funds will help co-ordinate information ... Read More »

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CAPP leader criticizes environment minister as Bill C-69 setback sinks in

By Dan Healing, The Canadian Press on June 13th, 2019

CALGARY – The head of the Canadian Association of Petroleum Producers criticized the country’s environment minister Thursday for comments he said shows she is “disrespectful” of the energy industry. Catherine McKenna is wrong when she says the public needs to be protected from the oil and gas business, CAPP CEO Tim McMillan told reporters after ... Read More »

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Tankers struck near Strait of Hormuz; US blames Iran

By Jon Gambrell, The Associated Press on June 13th, 2019

DUBAI, United Arab Emirates – Two oil tankers came under a suspected attack Thursday near the strategic Strait of Hormuz, with one of them set ablaze, and the U.S. blamed Iran in what it called a campaign of “escalating tensions” in a region crucial to global energy supplies. The U.S. Navy rushed in to assist ... Read More »

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Bell follows Rogers ‘unlimited’ data in promotion plans, Telus on different path

By David Paddon, The Canadian Press on June 13th, 2019

TORONTO – Bell has responded to a new Rogers wireless data pricing strategy by offering limited-time promotions that also don’t charge overage fees once the cap has been exceeded – a new approach for Canada’s national wireless carriers. Like its rival, Bell is offering a $75 per month plan with up to 10 gigabytes of ... Read More »

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Hexo details U.S. CBD plans as Q3 earnings miss estimates, stock slips

By Armina Ligaya, The Canadian Press on June 13th, 2019

Cannabis company Hexo Corp. outlined its plans to enter eight U.S. states with CBD products in 2020 as it reported third-quarter earnings that fell short of expectations, sending its stock lower. Hexo chief executive Sebastien St.-Louis would not say which states the pot producer was prioritizing, but the company expects to enter the U.S. market ... Read More »

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Bell joins Rogers with ‘unlimited’ data plans, Telus takes different path

By David Paddon, The Canadian Press on June 13th, 2019

TORONTO – Bell has joined Rogers in offering wireless data plans that don’t charge overage fees once the monthly cap has been exceeded – a new approach for Canada’s national wireless carriers. Like its rival, Bell is offering a $75 per month plan with up to 10 gigabytes of full-speed data usage per month, followed ... Read More »

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