February 22nd, 2020

Business

Blair says RCMP has met Wet’suwet’en conditions, calls for end to blockades

By Teresa Wright, The Canadian Press on February 20th, 2020

OTTAWA – Public Safety Minister Bill Blair says the RCMP in British Columbia has offered to move its officers to a town away from the area where traditional leaders of the Wet’suwet’en First Nation have been opposing a pipeline project on their territory. Blair said Thursday he believes this move meets conditions set by the ... Read More »

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Domino’s Pizza delivers better-than-expected fourth quarter

By Dee-Ann Durbin, The Associated Press on February 20th, 2020

ANN ARBOR, Mich. – Domino’s Pizza said strong carryout sales helped it achieve better-than-expected results in the fourth quarter despite increasing competition from food delivery companies like DoorDash. The Ann Arbor, Michigan-based company – which has 17,000 stores worldwide – said Thursday that its fourth-quarter earnings rose 16% to $129.3 million. Adjusted for one-time items, ... Read More »

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A diminished Victoria’s Secret sold as women look elsewhere

By By Michelle Chapman And Anne D'Innocenzio, The Associated Press on February 20th, 2020

NEW YORK – Victoria’s Secret, which once defined sexy with its leggy supermodels prancing around in their bras and oversized angel wings, is being sold as women increasingly look for styles that more realistically fit their body types. The company’s owner, L Brands, said that the private-equity firm Sycamore Partners will buy 55% of Victoria’s ... Read More »

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Gildan boosts dividend despite weaker Q4, 2019 profits and revenues

By Ross Marowits, The Canadian Press on February 20th, 2020

Gildan Activewear Inc. is boosting its quarterly dividend 15 per cent despite weaker net profits and revenues in the fourth quarter and 2019. The Montreal-based clothing maker is increasing its quarterly payout for an eighth consecutive year, to 15.4 cents payable on April 6 to shareholders of record on March 12. That’s up from the ... Read More »

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RioCan says focused on major markets, ready to weather retail challenges

By Ian Bickis, The Canadian Press on February 20th, 2020

TORONTO – RioCan Real Estate Investment Trust says it is well-positioned to weather challenges in the retail landscape as it focuses on necessity-based retailers and major urban centres. “While there’s no question the retail landscape is evolving and it’s full of challenges, RioCan is ideally suited to succeed in this environment,” said Jonathan Gitlin, president ... Read More »

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Students, newcomers advised to think safety when entering the workforce

By David Paddon, The Canadian Press on February 20th, 2020

TORONTO – Canada may still be in the depths of winter, but for high school, college and university students across the country, now is the time to prepare for summer jobs and post-graduation employment. Amid the typical criteria of job seekers such as location, compensation and opportunity, an often overlooked aspect of the job search ... Read More »

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Judge extends order suspending legal proceedings against three tobacco companies

By Paola Loriggio, The Canadian Press on February 20th, 2020

TORONTO – An Ontario court has extended an order suspending legal proceedings against three major tobacco companies as they try to negotiate a settlement with their creditors. Ontario Superior Court Justice Thomas McEwen told a Toronto court this morning there would be “no prejudice to any stakeholder” from extending the stay to Sept. 30. The ... Read More »

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OSC seeking changes to rules for deferred sales charges on mutual funds

By The Canadian Press on February 20th, 2020

TORONTO – The Ontario Securities Commission is proposing to restrict the use of deferred sales charges in the sale of mutual funds as every other jurisdiction across the country moves to ban them. The provincial regulator wants to limit the circumstances in which mutual funds with the DSC option may be sold and give clients ... Read More »

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Blair says RCMP have met Wet’suwet’en conditions, calls for end to blockades

By Teresa Wright, The Canadian Press on February 20th, 2020

OTTAWA – Public Safety Minister Bill Blair says the RCMP in British Columbia has offered to move its officers to a town away from the area where traditional leaders of the Wet’suwet’en First Nation have been opposing a pipeline project on their territory. Blair said on Parliament Hill Thursday morning he believes this move meets ... Read More »

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Energy and financials help push TSX higher, loonie down against U.S. dollar

By The Canadian Press on February 20th, 2020

TORONTO – Canada’s main stock index edged higher into record high territory in late-morning trading, boosted by gains in the energy and financial sectors. The S&P/TSX composite index was up 10.15 points at 17,935.51. In New York, the Dow Jones industrial average was down 141.58 points at 29,206.45. The S&P 500 index was down 12.25 ... Read More »

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New Caisse CEO stresses caution after 10-year bull market and soft 2019 returns

By The Canadian Press on February 20th, 2020

MONTREAL – The Caisse de depot et placement du Quebec says it missed its benchmark portfolio last year due to lacklustre performance of real estate and infrastructure assets and a focus on long-term stability, even as enjoyed its strongest return on investment in five years. The Quebec pension fund manager generated a 10.4 per cent ... Read More »

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