January 21st, 2018

Business

Lure of growing AI hub attracting top talent despite low Quebec unemployment

By The Canadian Press on January 15th, 2018

MONTREAL – Tech giants like Google and Microsoft say a historically low unemployment rate in Quebec will not stop Montreal from attracting the world’s top talent to work for the city’s growing artificial intelligence sector. Microsoft data innovation strategist Charles Verdon says the city’s burgeoning status as a global centre of deep learning has become ... Read More »

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USW protests closure of Freedom Mobile’s Windsor call centre

By The Canadian Press on January 15th, 2018

WINDSOR, Ont. – The union representing Freedom Mobile call centre employees in Windsor, Ont. is protesting a decision by parent company Shaw Communications to shut the centre’s doors, calling it an “unjustified attack on employees.” The United Steelworkers (USW) union says the telecom giant’s relocation of the call centre to Victoria, B.C. will impact 130 ... Read More »

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New Brunswick signs with fourth company to supply recreational cannabis

By The Canadian Press on January 15th, 2018

FREDERICTON – New Brunswick has signed a deal with a fourth company to supply marijuana for the province’s recreational market. The Liberal government says a memorandum of understanding has been signed with Nuuvera Inc. (TSXV:NUU) The agreement was reached as the federal government prepares to legalize the recreational use of cannabis later this year. On ... Read More »

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Survey finds 1/3 of Canadians can’t pay monthly bills as rates set to rise

By The Canadian Press on January 15th, 2018

CALGARY – A new survey suggests a third of Canadians can’t pay their monthly bills, including debt repayments, against a backdrop of rising interest rates. The quarterly MNP consumer debt index survey finds the number of Canadians who can’t cover their fixed monthly expenses is up eight points since September. It also finds Canadians who ... Read More »

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Interest rate hike, new mortgage rules may trigger real estate market slowdown

By Tara Deschamps, The Canadian Press on January 15th, 2018

TORONTO – Canada’s real estate market will hit a slow patch in 2018 as tighter mortgage stress tests apply pressure and the impact could be exacerbated if an expected interest rate hike drives buyers to put off their home purchases, economists said Monday. The Bank of Canada will make its first interest rate announcement of ... Read More »

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BlackBerry unveils new security tool at debut appearance at Detroit auto show

By The Canadian Press on January 15th, 2018

DETROIT – BlackBerry Ltd. (TSX:BB) is launching a new security tool for automobile manufacturers, one of the company’s major areas of growth. Executive chairman John Chen says the new BlackBerry Jarvis will scan all software components in a vehicle within minutes to predict and fix vulnerabilities. Jarvis will be customized for each manufacturer and sold ... Read More »

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Adventurous Armani, fanciful Fendi close Milan Fashion Week

By Colleen Barry, The Associated Press on January 15th, 2018

MILAN – And in a flash, it was over. The Milan Fashion Week devoted to fall and winter menswear for 2018-19 was abbreviated this year into a super-slim long weekend that ended Monday. Many fashion houses opted to fold their previews for men into their womenswear shows scheduled for next month. Others decided to go ... Read More »

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UK state contractor collapses in liquidation, putting 43,000 jobs at risk

By Danica Kirka, The Associated Press on January 15th, 2018

LONDON – One of the British state’s biggest contractors collapsed Monday, putting thousands of jobs at risk, after creditors and the government refused to bail out a company struggling under the weight of more than 1.5 billion pounds (CAD$2.6 billion) of debt. Carillion said it had no choice but to go into compulsory liquidation after ... Read More »

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Tahoe cuts 250 jobs in Guatemala as Escobal mine licence remains suspended

By The Canadian Press on January 15th, 2018

VANCOUVER – Tahoe Resources Inc. (TSX:THO) says it has cut 250 jobs at its Escobal silver mine in Guatemala as a legal battle to reopen the mine drags on. The company says it was forced to suspend operations at the mine last July after the Supreme Court of Guatemala issued a provisional decision that the ... Read More »

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Health-care sector boosts Toronto stocks, loonie tops 80 cents US

By The Canadian Press on January 15th, 2018

TORONTO – Canada’s main stock index was up in late-morning trading amid gains in the health-care sector. The S&P/TSX composite index was up 42.97 points to 16,351.15, after 90 minutes of trading. The increase came as shares of licensed marijuana producer Aphria Inc. gained more than 15 per cent as it climbed $2.97 to $20.99 ... Read More »

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