October 20th, 2019

Business

Chicago teachers to strike in nation’s 3rd largest district

By Kathleen Foody And Don Babwin, The Associated Press on October 16th, 2019

Chicago parents and community groups are scrambling to prepare for a massive teachers’ strike set to begin Thursday, prompting the city to preemptively cancel classes in the nation’s third-largest school district. The Chicago Teachers Union confirmed Wednesday night that its 25,000 members would not return to their classrooms Thursday after months of negotiation between the ... Read More »

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Fed survey finds US economy being hurt by trade battles

By Martin Crutsinger, The Associated Press on October 16th, 2019

WASHINGTON – The U.S. economy expanded at a modest pace in September and into October, despite rising trade tensions and weaker global growth that hampered manufacturing, and adverse weather hitting farmers. In its latest assessment of business conditions around the country, the Federal Reserve reported Wednesday that “persistent trade tensions and slower global growth” were ... Read More »

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A&W reports slower sales growth while net income falls short of expectations

By Aleksandra Sagan, The Canadian Press on October 16th, 2019

VANCOUVER – A&W Revenue Royalties Income Fund saw sales growth slip in its most recent quarter, following a record performance in the same quarter last year. Same-store sales, a key retail metric, grew 1.2 per cent for the third quarter ended Sept. 8, the fund reported Wednesday. That comes after a 13 per cent jump ... Read More »

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Beef recall expands as Toronto slaughterhouse co-operates with food watchdog

By Cassandra Szklarski, The Canadian Press on October 16th, 2019

A large recall of raw beef and veal products continued to expand this week with Canada’s food watchdog issuing safety warnings about dozens of items sold at restaurants and retail outlets including Walmart and the gourmet food chain Pusateri’s. The Canadian Food Inspection Agency said its investigation continues into the Toronto-based slaughterhouse Ryding-Regency Meat Packers ... Read More »

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Air Canada scrubs 737 Max from schedule until Feb. 14 amid lingering uncertainty

By Christopher Reynolds, The Canadian Press on October 16th, 2019

Air Canada will keep the Boeing 737 Max off its flying schedule until Feb. 14, citing “regulatory uncertainty” nearly a year after authorities across the globe banned the plane from the skies following two fatal crashes in five months. The country’s biggest airline had earlier scrubbed the 24 jetliners from schedules until Jan. 8. For ... Read More »

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Brexit talks inch closer to a deal ahead of summit

By Raf Casert And Jill Lawless, The Associated Press on October 16th, 2019

BRUSSELS – The European Union and Britain inched ever closer to a Brexit deal, with the leaders of France and Germany saying they expected an agreement could be sealed at Thursday’s EU summit. Positive vibes radiated from French President Emmanuel Macron and German Chancellor Angela Merkel at a joint news conference Wednesday in Toulouse, France, ... Read More »

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Repeat rent-dodger dubbed ‘professional squatter’ prompts call for reform

By Michael Tutton, The Canadian Press on October 16th, 2019

HALIFAX – A Halifax coffee shop owner who says he tried for more than four months to evict a tenant he called a “professional squatter” is calling for reforms to Nova Scotia’s tenancy laws. Jason Selby says he retook possession late Tuesday of the home Nadav Even-Har and his family had occupied, the day after ... Read More »

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Gas association warns switch to electricity could raise costs by $1.4 trillion

By The Canadian Press on October 16th, 2019

CALGARY – The Canadian Gas Association says building renewable electricity capacity to replace just half of Canada’s current fossil fuel-generated energy could increase national costs by as much as $1.4 trillion over the next 30 years. In a report, it contends that growing electricity’s contribution to Canada’s energy mix from its current 19 per cent ... Read More »

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A&W reports sales growth, but net income falls short of expectations

By The Canadian Press on October 16th, 2019

VANCOUVER – A&W Revenue Royalties Income Fund saw sales growth in its most recent quarter, following a record performance in the same quarter last year. The fund says same-store sales, a key retail metric, grew 1.2 per cent for the third quarter ended Sept. 8. That comes after a 13 per cent jump in same-store ... Read More »

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Most actively traded companies on the TSX

By The Canadian Press on October 16th, 2019

TORONTO – Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,427.18, up8.79 points). Aphria Inc. (TSX:APHA). Health care. Down 76 cents, or 10.6 per cent, to $6.41 on 5.9 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Down 23 cents, 4.63 per cent, to $4.74 on 5.2 ... Read More »

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Air Canada scrubs 737 Max from schedule until Feb. 14, affecting thousands

By The Canadian Press on October 16th, 2019

MONTREAL – Air Canada is keeping the Boeing 737 Max off its flying schedule until Feb. 14, citing “regulatory uncertainty” that will affect thousands of passengers. The country’s biggest airline had earlier scrubbed the 24 jetliners from schedules until Jan. 8. Boeing has said it expects federal authorities to greenlight software changes to the bestselling ... Read More »

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