April 11th, 2021

Business

Canada needs to be more inclusive, fair and sustainable: RBC CEO

By The Canadian Press on April 8th, 2021

TORONTO – The head of Royal Bank of Canada says the country urgently needs to become more inclusive, fair and sustainable because the COVID-19 pandemic revealed the society we live in is not best for everyone. Speaking at the bank’s annual meeting, chief executive Dave McKay says reaching those goals will mean addressing climate change, ... Read More »

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Watch the details to help avoid financial headaches when filing your return

By Craig Wong, The Canadian Press on April 8th, 2021

OTTAWA – The devil is in the details and your income tax return is no exception. As the filing deadline at the end of the month approaches, experts say paying attention to the details when it comes to your taxes can help avoid headaches down the road. Small, easily avoidable mistakes could end up costing ... Read More »

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Technology sector helps lift S&P/TSX composite in early trading, U.S. markets mixed

By The Canadian Press on April 8th, 2021

TORONTO – Gains in the technology sector helped lift Canada’s main stock index in early trading, while U.S. stock markets were mixed. The S&P/TSX composite index was up 18.76 points at 19,147.83. In New York, the Dow Jones industrial average was down 57.42 points at 33,388.84. The S&P 500 index was up 10.16 points at ... Read More »

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Canopy Growth signs deal worth $435 million to buy Supreme Cannabis

By The Canadian Press on April 8th, 2021

TORONTO – Canopy Growth Corp. has signed a deal to buy the Supreme Cannabis Company Inc. in an agreement valued at $435 million. The acquisition adds Supreme Cannabis’s premium brands, 7Acres and 7Acres Craft Collective, as well as others to Canopy’s roster of offerings. The deal is the latest move by Canopy to grow by ... Read More »

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US jobless claims up to 744K as virus still forces layoffs

By Paul Wiseman, The Associated Press on April 8th, 2021

WASHINGTON – The number of Americans applying for unemployment benefits rose last week to 744,000, signalling that many employers are still cutting jobs even as more people are vaccinated against COVID-19, consumers gain confidence and the government distributes aid throughout the economy. The Labor Department said Thursday that applications increased by 16,000 from 728,000 a ... Read More »

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Roots reports $12.3M fourth-quarter profit even as pandemic hurt sales

By The Canadian Press on April 8th, 2021

TORONTO – Roots Corp. earned a profit of $12.3 million in its fourth quarter even as its sales fell due to the pandemic. The retailer says its profit amounted to 29 cents per share for the three-month period ended Jan. 30. The result compared with a loss of $44.6 million or $1.06 per share a ... Read More »

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Clarification: US-NRA-Bankruptcy-Trial story

By The Associated Press on April 7th, 2021

DALLAS – In a story published April 7, 2021, The Associated Press reported that a court document identified the owner of a yacht used by the head of the National Rifle Association as Stanton McKenzie. The story should have made clear that the owner goes by David McKenzie... Read More »

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Absence of Freedom Mobile in 5G auction increases competition concerns for MPs

By David Paddon, The Canadian Press on April 7th, 2021

TORONTO – Freedom Mobile and its parent Shaw Communications Inc. will not participate in an upcoming wireless spectrum auction deemed crucial for the development of 5G networks – reinforcing widespread concerns about the state of competition in Canada’s telecommunications industry. As a result of Shaw’s Freedom opting out of the 3,500 MHz auction, the remaining ... Read More »

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Alberta First Nations say provincially regulated gambling website unauthorized

By Bill Graveland, The Canadian Press on April 7th, 2021

CALGARY – Two First Nations are taking the Alberta government and its gaming commission to court over the province’s entry into the online gambling sector. Play Alberta, a provincially regulated site launched last fall, offers virtual slots and table games while casinos remain shut down due to COVID-19. The province has said it expects the ... Read More »

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Record run by S&P/TSX composite continues amid small gains offset by commodities

By The Canadian Press on April 7th, 2021

TORONTO – The record run by Canada’s main stock index continued on a quiet day of trading on both sides of the border. The S&P/TSX composite index gained 24.93 points to a record close of 19,129.07. In New York, the Dow Jones industrial average was up 16.02 points at 33,446.26. The S&P 500 index was ... Read More »

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Property owners happy, digital users not so much as Manitoba tables budget

By The Canadian Press on April 7th, 2021

WINNIPEG – Manitoba’s 2021-22 budget released Wednesday contains some property tax and provincial sales tax breaks, but transfers some of the sales tax to other areas. Here are some of the winners and losers: WINNERS Property owners: Residential and farmland owners to receive a 25 per cent rebate on education property taxes this year and ... Read More »

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