August 20th, 2017

Business

Stock indexes head lower, loonie up

By The Canadian Press on August 18th, 2017

TORONTO – Canada’s main stock index was down this morning, putting the Toronto Stock Exchange on track for a loss this week. The S&P/TSX composite index was down 86.95 points to 14,946.69, after 90 minutes of trading. Moderate losses in each of the previous three sessions had eliminated almost all of the gains made Monday. ... Read More »

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Bombardier says Russian worker charged with bribery doesn’t reflect its values

By The Canadian Press on August 18th, 2017

MONTREAL – Bombardier says the filing of formal criminal charges in Sweden on Friday against a railway employee doesn’t reflect its values. “We take these allegations very seriously as they assert conduct that does not reflect our values or the high standards we set for ourselves, our employees and our partners,” the Montreal-based company (TSX:BBD.B) ... Read More »

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Fox’s James Murdoch slams Trump’s Charlottesville response

By The Associated Press on August 18th, 2017

NEW YORK – The CEO of 21st Century Fox denounced racism and terrorists while expressing concern over President Donald Trump’s reaction to the deadly violence surrounding a white nationalist rally in Charlottesville, Virginia. James Murdoch also told friends in a personal email that he and his wife, Kathryn, will donate $1 million to the Anti-Defamation ... Read More »

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Swedish prosecutor charges Bombardier worker in Stockholm with aggravated bribery

By The Associated Press on August 18th, 2017

COPENHAGEN – Swedish officials charged an employee of Bombardier’s rail division on Friday, accusing him of bribing a public servant in Azerbaijan to win a contract for a new signalling system with a contract value of around US$340 million. Swedish prosecutor Thomas Forsberg said Evgeny Pavlov – an employee of Bombardier Transportation Sweden AB – ... Read More »

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Group of Sears Canada creditors wants to sue executives and board

By The Canadian Press on August 18th, 2017

TORONTO – A group of Sears Canada creditors wants to sue the company’s executive officers and directors, alleging negligent misrepresentation and oppression. The retailer’s court-appointed monitor says the group wants an Ontario judge’s permission to launch their case against the company, which is currently protected under the Companies’ Creditors Arrangement Act. In a report prepared ... Read More »

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Canadian inflation perks up for first time since January, hits 1.2% in July

By Andy Blatchford, The Canadian Press on August 18th, 2017

OTTAWA – Inflation picked up its pace last month for the first time since January as the annualized rate accelerated to 1.2 per cent, Statistics Canada said Friday. The latest inflation number increased from its June reading of one per cent, which had represented the data point’s lowest mark in almost two years. The higher ... Read More »

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Inflation perks up for first time since January, annual rate hits 1.2% in July

By The Canadian Press on August 18th, 2017

OTTAWA – Canadian inflation picked up its pace last month for the first time since January as the annualized rate rose to 1.2 per cent. Statistics Canada’s latest inflation number was up from one per cent in June – which had represented the data point’s lowest mark in almost two years. The agency says the ... Read More »

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QuickList: July inflation rates for Canadian provinces, territories

By The Canadian Press on August 18th, 2017

OTTAWA – Canada’s national annual inflation rate was 1.2 per cent in July, Statistics Canada says. Here’s what happened in the provinces and territories (previous month in brackets): – Newfoundland and Labrador: 1.0 per cent (1.5) – Prince Edward Island: 1.8 (1.2) – Nova Scotia: 0.9 (0.5) – New Brunswick: 1.4 (2.0) – Quebec: 0.9 ... Read More »

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QuickList: July inflation rate for selected Canadian cities

By The Canadian Press on August 18th, 2017

OTTAWA – Canada’s national annual inflation rate was 1.2 per cent in July, Statistics Canada says. The agency also released rates for major cities, but cautioned that figures may have fluctuated widely because they are based on small statistical samples (previous month in brackets): – St. John’s, N.L.: 1.0 per cent (1.6) – Charlottetown-Summerside: 1.6 ... Read More »

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NewsAlert: Inflation rate rises to 1.2 per cent in July

By The Canadian Press on August 18th, 2017

OTTAWA – Canada’s annualized inflation rate in July was 1.2 per cent, up from 1.0 per cent in June. The increase was in line with estimates. More coming... Read More »

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