January 25th, 2021

Business

Ontario task force recommends sweeping reforms to province’s securities regulator

By The Canadian Press on January 22nd, 2021

TORONTO – After a 10-month investigation, a task force commissioned by the Ontario government has issued a range of sweeping recommendations to reform the province’s securities regulator. The Capital Markets Modernization Task Force’s 70 recommendations include major governance changes to Ontario Securities Commission, such as establishing an adjudicative body within the OSC to rule on ... Read More »

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Look past Keystone XL to areas of mutual Canada-U.S. alignment, Trudeau suggests

By The Canadian Press on January 22nd, 2021

WASHINGTON – Prime Minister Justin Trudeau is urging Canadians to look past President Joe Biden’s decision this week on the Keystone XL pipeline expansion. Trudeau says Canada and Biden still have a lot in common when it comes to a shared vision of tackling climate change while fuelling economic growth. Nonetheless, he says the federal ... Read More »

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Canadian tech companies pledge to give staff time to get COVID-19 vaccinations

By The Canadian Press on January 22nd, 2021

TORONTO – A growing number of Canadian tech businesses are promising to allow their staff to get vaccinated against COVID-19 on company time. At least 35 tech companies in the country, including SkipTheDishes, Borrowell, and FreshBooks, have signed a new pledge from the Council of Canadian Innovators vowing to let their staff slip out of ... Read More »

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North American markets head lower amid weakness in energy stocks, loonie

By The Canadian Press on January 22nd, 2021

TORONTO – Energy stocks led a broad-based decline in Canada’s main stock index in late morning, while U.S. stocks were also in the red and the loonie moved lower. The S&P/TSX composite index was down 108.28 points at 17,807.92. In New York, the Dow Jones industrial average was down 200.4 points at 30,975.61, the S&P ... Read More »

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Existing home sales rise in 2020 to highest in 14 years

By Martin Crutsinger, The Associated Press on January 22nd, 2021

WASHINGTON – Sales of existing homes rose 0.7% in December, pushing the entirety of 2020 to a pace not seen in 14 years and providing one of the few bright spots for a U.S. economy mired in a global pandemic. Rising sales in the final month of the year lifted activity to a seasonally adjusted ... Read More »

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North American stocks slide in morning trading, loonie dips

By The Canadian Press on January 22nd, 2021

TORONTO – North American stock markets fell in early trading as the loonie edged lower. The S&P/TSX composite index was down 105.93 points at 17,810.27. In New York, the Dow Jones industrial average was down 181.50 points at 30,994.51, the S&P 500 index was down 17.24 points at 3,835.83, while the Nasdaq composite was down ... Read More »

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Trudeau, Biden to talk today as death of Keystone XL reverberates in Canada

By The Canadian Press on January 22nd, 2021

WASHINGTON – Prime Minister Justin Trudeau will speak with U.S. President Joe Biden today amid continuing fallout from the death of the Keystone XL pipeline project. The phone call, Biden’s first with a foreign leader since taking office this week, comes as the new administration turns its focus to the country’s economic recovery. It also ... Read More »

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‘Almost non-existent’ cold and cough season: P.E.I. lozenge plant lays off 30 workers

By The Canadian Press on January 22nd, 2021

CHARLOTTETOWN – A lozenge plant in Prince Edward Island has laid off 30 workers, citing an “almost non-existent” cold and cough season amid COVID-19 restrictions. Island Abbey Foods says sales of its Honibe cough and cold lozenges have declined in the first two quarters of 2021. The Charlottetown company says in a statement it made ... Read More »

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Retail sales rise 1.3 per cent to $55.2 billion in November as online shopping surges

By The Canadian Press on January 22nd, 2021

OTTAWA – Statistics Canada says retail sales climbed 1.3 per cent to $55.2 billion in November, rising for the seventh straight month as Black Friday boosted online shopping. But the agency’s unofficial early estimate suggests that retailers saw sales fall 2.6 per cent in December, at the height of the holiday shopping season. Statistics Canada ... Read More »

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Judge says Amazon won’t have to restore Parler web service

By Matt O'Brien, The Associated Press on January 21st, 2021

Amazon won’t be forced to immediately restore web service to Parler after a federal judge ruled Thursday against a plea to reinstate the fast-growing social media app, which is favoured by followers of former President Donald Trump. U.S. District Judge Barbara Rothstein in Seattle said she wasn’t dismissing Parler’s “substantive underlying claims” against Amazon, but ... Read More »

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World leaders cheer US return to climate fight under Biden

By Frank Jordans, The Associated Press on January 21st, 2021

BERLIN – World leaders breathed an audible sigh of relief that the United States under President Joe Biden is rejoining the global effort to curb climate change, a cause that his predecessor had shunned over the past four years. British Prime Minister Boris Johnson and French President Emmanuel Macron were among those welcoming Biden’s decision ... Read More »

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