September 26th, 2021

Business

Former US defense secretary testifies in Holmes fraud trial

By Michael Liedtke, The Associated Press on September 22nd, 2021

SAN JOSE, Calif. (AP) – Former U.S. Secretary of Defense James Mattis testified Wednesday in the trial of fallen tech star Elizabeth Holmes, saying the entrepreneur misled him into believing she was on the verge of rolling out a blood-testing breakthrough that he hoped would help save lives of troops in battle. Mattis’ appearance came ... Read More »

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BlackBerry net loss surges to US$144 million in Q2 as revenue drops 32 per cent

By The Canadian Press on September 22nd, 2021

WATERLOO, ONTARIO – BlackBerry Ltd. says its net loss surged to US$144 million in its latest quarter as revenues fell 32 per cent. The Waterloo, Ont., based company, which reports in U.S. dollars, says it lost 25 cents per share in the three months ended Aug. 31, compared with a loss of four cents per ... Read More »

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Alberta’s premier faces down restive United Conservative caucus over COVID-19 crisis

By The Canadian Press on September 22nd, 2021

CALGARY – Alberta Premier Jason Kenney has faced down a restive and divided United Conservative Party caucus, focusing on COVID-19 while managing to avoid a straw vote on his leadership. Kenney has been challenged by some of his legislature members for some of his decisions on COVID, which has escalated into a crisis that has ... Read More »

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Commodities propel S&P/TSX composite to best day in two months, U.S. markets also up

By The Canadian Press on September 22nd, 2021

TORONTO – Commodities propelled Canada’s main stock index to its best day in two months, while the Federal Reserve signalled that interest rates will increase earlier than expected. The S&P/TSX composite index closed up 157.20 points to 20,401.49. In New York, the Dow Jones industrial average was up 338.48 points at 34,258.32. The S&P 500 ... Read More »

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Fed: On track to slow support for economy later this year

By Christopher Rugaber, The Associated Press on September 22nd, 2021

WASHINGTON (AP) – Federal Reserve Chair Jerome Powell signaled Wednesday that the Fed plans to announce as early as November that it will start withdrawing the extraordinary support it unleashed after the coronavirus paralyzed the economy 18 months ago. Powell said that if the job market maintained its steady improvement, the Fed would likely begin ... Read More »

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Aurora Cannabis to close Edmonton facility, says 8% of its workforce to be impacted

By Tara Deschamps, The Canadian Press on September 22nd, 2021

Aurora Cannabis Inc. said eight per cent of its global workforce will be impacted by the forthcoming closure of one of its Alberta facilities. The cannabis company announced Wednesday that it is closing its Aurora Polaris property in Edmonton as part of a plan to streamline its operations. “This decision was not taken lightly. After ... Read More »

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Fendi, Del Core lead Milan fashion’s runway return

By Colleen Barry, The Associated Press on September 22nd, 2021

MILAN (AP) – Italy’s fashion capital is again alive with the sound of shoppers swarming boutiques and editors filling socially distanced fashion week venues, a sign of a light at the end of the pandemic tunnel. Milan Fashion Week opened Wednesday with 42 live runway shows and 56 in-person presentations, the biggest presence yet since ... Read More »

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The Globe and Mail wins the most 2020 SABEW awards, The Canadian Press wins two

By The Canadian Press on September 22nd, 2021

The Globe and Mail led news outlets for reporting awards from the Canadian chapter of the Society for Advancing Business Editing and Writing, with 12 silver and gold medals at the 2020 awards. The newspaper also received three honourable mentions, while its Report on Business magazine won a gold for a profile of geologist Eira ... Read More »

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Fed foresees a potential rate hike as soon as next year

By Christopher Rugaber, The Associated Press on September 22nd, 2021

WASHINGTON (AP) – The Federal Reserve signaled Wednesday that it may start raising its benchmark interest rate sometime next year, earlier than it envisioned three months ago and a sign that it’s concerned that high inflation pressures may persist. In a statement, the Fed also said it will likely begin slowing the pace of its ... Read More »

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Made-in-Canada cleaning robots increasingly visible amid pandemic

By Brett Bundale, The Canadian Press on September 22nd, 2021

HALIFAX – Canadians venturing out into commercial spaces for the first time since the pandemic began may spot some made-in-Canada technology whizzing around, keeping the high-traffic floors squeaky clean. Autonomous floor scrubbers are increasingly being used at airports, hospitals, universities, sports facilities and shopping malls as COVID-19 sharpens the public’s focus on the cleanliness of ... Read More »

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California man charged with perjury in Hollywood execs suit

By Larry Neumeister, The Associated Press on September 22nd, 2021

NEW YORK (AP) – A Los Angeles man has been charged by New York federal prosecutors with perjury for allegedly falsifying emails to support his lawsuit against entertainment industry executives. Rovier Carrington, 22, was arrested Tuesday in California and released on $15,000 bail after a court appearance. A message seeking comment was sent to his ... Read More »

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