October 17th, 2018

Business

The Amazon of its day, Sears’ woes were years in the making

By Allen G. Breed And Anne D'Innocenzio, The Associated Press on October 16th, 2018

Before there was Amazon – or, for that matter, Home Depot or Walmart or Kmart – there was Sears. From its beginnings as a mail-order watch business in Minneapolis 132 years ago, the company grew to become America’s everything-under-one-roof store and the biggest retailer in the world. For generations of Americans, the brick-like Sears, Roebuck ... Read More »

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Girdles and socket wrenches: Sears was the Amazon of its day

By Allen G. Breed And Anne D'Innocenzio, The Associated Press on October 15th, 2018

Before there was Amazon – or, for that matter, Home Depot or Walmart or Kmart – there was Sears. From its beginnings as a mail-order watch business in Minneapolis 132 years ago, the company grew to become America’s everything-under-one-roof store and the biggest retailer in the world. For generations of Americans, the brick-like Sears, Roebuck ... Read More »

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West Coast military installations eyed for US fuel exports

By Matthew Brown, The Associated Press on October 15th, 2018

BILLINGS, Mont. – The Trump administration is considering using West Coast military installations or other federal properties to open the way for more U.S. fossil fuel exports to Asia in the name of national security and despite opposition from coastal states. The proposal was described to The Associated Press by Interior Secretary Ryan Zinke and ... Read More »

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TSX resumes last week’s sell off despite strong gains from cannabis sector.

By Ross Marowits, The Canadian Press on October 15th, 2018

TORONTO – Canada’s main stock index resumed last week’s selloff by closing down slightly on Monday despite strong gains by the cannabis-heavy health sector just days before the drug’s legalization. The markets are just trying to find a little bit of footing at the start of the corporate earnings season after last week’s spike in ... Read More »

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Canada open to growing trade with China now that USMCA is a done deal: PM

By Linda Nguyen, The Canadian Press on October 15th, 2018

TORONTO – Canada is open to increasing trade relations with China now that it has finalized an agreement between the United States and Mexico, Prime Minister Justin Trudeau said today. Trudeau says he will continue to look at Canada’s trading relationship with China in “thoughtful ways” and that the world’s second largest economy remains an ... Read More »

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Sidewalk Labs unveils draft data and privacy plans for high-tech Toronto project

By The Canadian Press on October 15th, 2018

TORONTO – Sidewalks Labs has submitted a draft proposal detailing how it will handle data and privacy issues stemming from a high-tech community it hopes to build in Toronto. The Alphabet Inc.-backed organization says in the proposal that Sidewalk Labs does not plan on owning data the company gathers in public places. Instead, an independent ... Read More »

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Businesses spent $14B on cybersecurity in 2017, more than 20% hit by cyberattack

By Christopher Reynolds, The Canadian Press on October 15th, 2018

More than one in five Canadian companies say they were hit by a cyberattack last year, with businesses spending $14 billion on cybersecurity as they confront greater risks in the digital world, according to a new Statistics Canada survey. The most common suspected motive was an attempt to steal money or demand a ransom payment, ... Read More »

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North American markets resume last week’s downward movement with Monday losses

By The Canadian Press on October 15th, 2018

TORONTO – North American stock markets ended the day down, resuming last week’s selloff. The S&P/TSX composite index closed down slightly, losing 4.82 points to 15,409.47. In New York, the Dow Jones industrial average was down 89.44 points to 25,250.55. The S&P 500 index shed 16.34 points to 2,750.79, while the Nasdaq composite was off ... Read More »

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More than 1 in 5 businesses hit by cyberattacks last year: StatCan survey

By Christopher Reynolds, The Canadian Press on October 15th, 2018

More than one in five Canadian companies say they were impacted by a cyberattack last year, with businesses spending $14 billion on cybersecurity as they confront greater risks in the digital world, according to a new Statistics Canada survey. The most common suspected motive was an attempt to steal money or demand a ransom payment, ... Read More »

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Irish border dispute looms large over the UK-EU Brexit talks

By Raf Casert And Jill Lawless, The Associated Press on October 15th, 2018

LUXEMBOURG – The moods in Britain and the European Union swung between hope and gloom on Monday over an intractable dispute about the Irish border – shifts that came only two days ahead of a summit once seen as the last moment to reach a deal on Britain’s divorce from the bloc. After a flurry ... Read More »

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Nova Scotia sets prices for weed, but says supply will be limited at first

By The Canadian Press on October 15th, 2018

HALIFAX – The Nova Scotia Liquor Corporation has set its initial prices for cannabis – but says it will have less than 40 per cent of requested quantities on hand when the drug is legalized for recreational use on Wednesday. The corporation says it had expected to offer 300 products representing 78 strains, but has ... Read More »

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