January 16th, 2018

Business

Sorry, parents, Apple can’t keep kids from getting addicted to phones: experts

By Michael Oliveira, The Canadian Press on January 9th, 2018

TORONTO – Tech experts say parents shouldn’t count on Apple making its phones and tablets less addictive for kids. While two of the tech giant’s biggest shareholders are pushing for new features to help limit damaging screen time for children, experts say there is no easy fix and the responsibility will remain with parents to ... Read More »

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Yahoo Sports to livestream NFL games rest of month

By The Associated Press on January 9th, 2018

NEW YORK – Yahoo Sports will livestream all four divisional playoff games this weekend and the conference championships as an appetizer for next season when every game from the preseason to the Super Bowl will be livestreamed on its sports app. Watching NFL games on your phone used to be mainly limited to Verizon customers ... Read More »

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Government reps join private businesses at CES tech show

By The Associated Press on January 9th, 2018

LAS VEGAS – The annual CES gadget show in Las Vegas is no longer just about private businesses showing off their latest technological wizardry. The public sector is also chiming in, including U.S. state governors, foreign envoys, a member of President Donald Trump’s Cabinet and at least one royal. Prince Constantijn of the Netherlands is ... Read More »

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Banks see initial writedowns, future earnings bump under Trump tax changes

By Armina Ligaya, The Canadian Press on January 9th, 2018

TORONTO – Canadian banks are expecting some short-term pain from U.S. President Donald Trump’s tax overhaul, but a significant lift on future earnings. RBC chief executive Dave McKay told a investment conference Tuesday that he expects a writedown of US$150 million, plus or minus 10 or 15 per cent, in the bank’s first quarter. However, ... Read More »

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CBS appoints John Dickerson as Rose’s replacement

By The Associated Press on January 9th, 2018

PASADENA, Calif. – CBS News has selected “Face the Nation” host John Dickerson as Charlie Rose’s replacement on the “CBS This Morning” program, pairing him with current anchors Gayle King and Norah O’Donnell. Rose was fired in late November following allegations of sexual misconduct. CBS appointed Dickerson on the sixth anniversary of the morning show, ... Read More »

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Toronto market creeps higher, U.S markets hit new highs as loonie moves lower

By The Canadian Press on January 9th, 2018

TORONTO – Canada’s main stock index crept higher Tuesday, helped by gains in the health-care and energy sectors, while materials stocks lost ground. The S&P/TSX composite index was up 6.71 points to 16,324.36, after 90 minutes of trading. In New York, the Dow Jones industrial average was up 61.25 points to 25,344.25. The S&P 500 ... Read More »

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Canadian Finals Rodeo leaves chute in Edmonton, hits trail for new home

By The Canadian Press on January 9th, 2018

EDMONTON – The Oilers Entertainment Group has decided not to submit a bid to keep the Canadian Finals Rodeo in Edmonton. Oilers spokesman Tim Shipton says they couldn’t find a business model they felt would be successful, so OEG is now working on a new western lifestyle festival at Rogers Place for next winter. The ... Read More »

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RBC, BMO see initial writedowns, long-term earnings bump under Trump tax changes

By The Canadian Press on January 9th, 2018

TORONTO – The chief executives of Royal Bank and Bank of Montreal are expecting first-quarter writedowns due to U.S. President Donald Trump’s tax changes, but also significant tax savings on future earnings. RBC CEO Dave McKay told a conference in Toronto today that he expects a writedown of $150 million US, plus or minus 10 ... Read More »

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France investigates Apple for slowing down old iPhones

By Sylvie Corbet, The Associated Press on January 9th, 2018

PARIS – French prosecutors have opened an investigation into Apple over revelations it secretly slowed down older versions of its handsets. The Paris prosecutor’s office said Tuesday a probe was opened last week over alleged “deception and planned obsolescence” of some Apple products. It is led by the French body in charge of fraud control, ... Read More »

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CMHC reports annual pace of housing starts slowed in December to 216,980

By The Canadian Press on January 9th, 2018

OTTAWA – Canada Mortgage and Housing Corp. says the annual pace of housing starts slowed in December. The national housing agency says the seasonally adjusted annual rate for the last month of 2017 came in at 216,980 units, down from 251,675 units in November. The decline came as the annual pace of urban starts fell ... Read More »

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