July 28th, 2021

Business

Teck Resources Q2 profit surges on lower COVID costs and strong revenue boost

By The Canadian Press on July 27th, 2021

VANCOUVER – Teck Resources Ltd. missed expectations despite posting much stronger second-quarter results, with revenues more than doubling amid improving market conditions. The Vancouver-based mining company says its net income attributable to shareholders surged to $260 million or 48 cents per diluted share, from a loss of $149 million or 28 cents per share a ... Read More »

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16 injured, 5 missing in explosion at German chemical hub

By Kirsten Grieshaber, The Associated Press on July 27th, 2021

BERLIN (AP) – An explosion at an industrial park for chemical companies shook the German city of Leverkusen on Tuesday, sending a large black cloud rising into the air. At least 16 people were injured and five remain missing. Germany’s Federal Office for Civil Protection and Disaster Assistance classified the explosion as “an extreme threat” ... Read More »

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Koreas restore communication channels, agree to improve ties

By Hyung-jin Kim, The Associated Press on July 26th, 2021

SEOUL, South Korea (AP) – North and South Korea have restored suspended communication channels between them and their leaders agreed to improve ties, both governments said Tuesday, despite a 2 1/2 year-stalemate in U.S.-led diplomacy aimed at stripping North Korea of its nuclear weapons. South Korean President Moon Jae-in and North Korean leader Kim Jong ... Read More »

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WestJet signs code share agreement with Dutch airline KLM

By The Canadian Press on July 26th, 2021

CALGARY – WestJet Airlines has expanded an existing code-share agreement with KLM Royal Dutch Airlines. The Calgary-based airline says it will now be able market flights operated by KLM, which it says means WestJet travellers will be able to easily transfer through Amsterdam’s Schiphol Airport to 18 European cities. WestJet says the code-share agreement builds ... Read More »

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Brookfield Asset Management completes privatization of Brookfield Property partners

By The Canadian Press on July 26th, 2021

CALGARY – Brookfield Asset Management Inc. says it has closed a deal to acquire the remaining stake in Brookfield Property Partners. The previously announced deal to buy the stake in the firm it already owns will also take the real estate firm private. Under the deal, unitholders have a choice of US$18.17 in cash, 0.4006 ... Read More »

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North American markets take a breather Monday in advance of heavy earnings week

By The Canadian Press on July 26th, 2021

TORONTO – North American stock markets were relatively quiet Monday in advance of a flood of earnings reports from major U.S. and Canadian companies expected later this week. The S&P/TSX composite index was down 23.47 points at 20,164.96. In New York, the Dow Jones industrial average was up 83.16 points at 35,144.71. The S&P 500 ... Read More »

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Cruise ships 101: Industry plagued by pandemic outbreaks plots comeback

By Brett Bundale, The Canadian Press on July 26th, 2021

HALIFAX – It was an outbreak that captivated the world. In early 2020 the gleaming Diamond Princess cruise ship became the epicentre of the COVID-19 pandemic outside of China. As the ship was quarantined at a port near Tokyo, hundreds of passengers and crew became infected with COVID-19. It was not an isolated incident, and ... Read More »

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VA requires COVID-19 vaccination for health care workers

By Ricardo Alonso-zaldivar, The Associated Press on July 26th, 2021

WASHINGTON (AP) – The Department of Veterans Affairs on Monday became the first major federal agency to require health care workers to get COVID-19 vaccines, as the aggressive delta variant spreads and some communities report troubling increases in hospitalizations among unvaccinated people. The VA’s move came on a day when nearly 60 leading medical and ... Read More »

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VA mandates COVID-19 vaccination for health care workers

By Ricardo Alonso-zaldivar, The Associated Press on July 26th, 2021

WASHINGTON (AP) – The Department of Veterans Affairs on Monday became the first major federal agency to require health care workers to get COVID-19 vaccines, as the aggressive delta variant spreads and some communities report troubling increases in hospitalizations among unvaccinated people. The VA’s move came on a day when nearly 60 leading medical and ... Read More »

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StatCan data shows youth unemployment rates have risen during the COVID-19 pandemic.

By The Canadian Press on July 26th, 2021

HALIFAX – New data from Statistics Canada shows that while youth unemployment has risen during the COVID-19 pandemic, finding full-time work has been increasingly precarious since the 1980s. The federal agency says both male and female workers between 15 and 30 were less likely to have a full-time job in 2019 compared with 1989, a ... Read More »

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Case involving former CannTrust leaders remanded until Sept. 20

By Tara Deschamps, The Canadian Press on July 26th, 2021

TORONTO – Three former executives of CannTrust Holdings Inc. accused of securities charges related to an unlicensed growing scandal had their case remanded by an Ontario court until September. During a virtual court session Monday, justice of the peaceWarren Ralphagreed to remand the case involving the cannabis company’s former chief executive Peter Aceto, former vice-chairman ... Read More »

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