July 21st, 2018

Business

Belgium airspace closed for 2 hours over technical glitch

By The Associated Press on July 19th, 2018

BRUSSELS – Belgium’s airspace was closed off for landings and departures for about two hours on Thursday afternoon because of a technical glitch in the data system of the air safety control centre. Belgocontrol spokesman Dominque Dehaene said the control centre had to execute a “clear sky” operation until the issue was fixed. He couldn’t ... Read More »

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Tilray shares up as much as 28 per cent in Nasdaq trading after IPO

By The Canadian Press on July 19th, 2018

NANAIMO, B.C. – Shares of cannabis producer Tilray Inc. rose as much as 28 per cent today after they began trading on the Nasdaq market. The stock was priced at US$17 per share in its initial public offering, but shares were trading at US$21.82 at midday. Tilray is the third cannabis producer to list its ... Read More »

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De Beers Canada signs deal for Peregrine Diamonds Ltd. for $107 million

By The Canadian Press on July 19th, 2018

VANCOUVER – De Beers Canada Inc. has signed a deal to acquire Peregrine Diamonds Ltd. in a offer valued at $107 million. Under the deal De Beers will pay 24 cents per share for the company which owns the Chidliak project, located 120 kilometres from Iqaluit. Peregrine also controls the Lac de Gras project in ... Read More »

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Industrials and tech help lift Toronto market while U.S. stocks sink

By The Canadian Press on July 19th, 2018

TORONTO – The industrials and technology sectors helped lift Canada’s main stock index higher in late-morning trading, while U.S. stock markets moved lower. The S&P/TSX composite index was up 63.64 points to 16,541.04, after 90 minutes of trading. In New York, the Dow Jones industrial average was down 97.94 points to 25,101.35. The S&P 500 ... Read More »

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Trump tariffs would cause vehicle prices to soar, wipe out jobs: report

By Moves Business, National and Ontario/Quebec, The Canadian Press on July 19th, 2018

An automotive study says U.S. tariffs on imported vehicles and auto parts would cause the price of new vehicles to soar, wipe out tens of thousands of American jobs and take a big chunk out of the country’s gross domestic product. The Center for Automotive Research says U.S. consumers would see the price of new ... Read More »

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No air traffic over Belgium due to technical glitch

By The Associated Press on July 19th, 2018

BRUSSELS – Belgium’s air traffic control centre says that no airplanes can land or depart across the country because of a technical glitch in its data system. Belgocontrol said in a Twitter message that it is executing a “clear sky” until the issue is fixed. It said “there is a problem loading flight data.” It ... Read More »

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U.S. auto industry warns Trump administration of painful tariff fallout

By The Canadian Press on July 19th, 2018

OTTAWA – The Trump administration is hearing pleas from across the American automotive sector to back away from its threats to slap punitive tariffs on U.S. imports of vehicles and parts. Leaders representing different areas of the auto industry say the tariffs will hurt industry competitiveness, drive up consumer prices and trigger major job losses. ... Read More »

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CMHC looks to make it easier for self-employed to obtain a mortgage

By The Canadian Press on July 19th, 2018

OTTAWA – Canada Mortgage and Housing Corp. is making changes intended to make it easier for the self-employed to qualify for a mortgage. The national housing agency says it’s giving lenders more guidance and flexibility to help self-employed borrowers. Self-employed Canadians may have a harder time qualifying for a mortgage as their incomes may vary ... Read More »

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Zuckerberg clarifies stance on policy for Holocaust deniers

By The Associated Press on July 19th, 2018

NEW YORK – Facebook CEO Mark Zuckerberg is clarifying his stance pertaining to Holocaust deniers after getting some blowback on social media. Speaking with Recode’s Kara Swisher, Zuckerberg, who is Jewish, said in an interview published Wednesday that Facebook posts denying the Holocaust took place would not be removed automatically. Zuckerberg said he thinks that ... Read More »

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Zuckerberg clarifies statements on treatment of fake news

By The Associated Press on July 19th, 2018

NEW YORK – Facebook CEO Mark Zuckerberg is clarifying his stance pertaining to Holocaust deniers after getting some blowback on social media. Speaking with Recode’s Kara Swisher, Zuckerberg, who is Jewish, said in an interview published Wednesday that posts denying the Holocaust took place would not be removed automatically. Zuckerberg said he thinks that there ... Read More »

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DC Universe sets pricing plan for digital subscription

By The Associated Press on July 19th, 2018

SAN DIEGO – A digital subscription service for DC Comics superfans launching in the fall of 2018 has set its annual membership fee at $74.99. DC Universe and Warner Bros. Digital Networks announced the pricing plan Thursday at San Diego Comic-Con along with a trailer launch for one of its original live-action series, “Titans,” starring ... Read More »

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