July 5th, 2020

Business

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 »

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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 »

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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 »

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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 »

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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 »

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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 »

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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 »

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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 »

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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 »

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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 »

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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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