April 20th, 2018

Business

US job openings decline in February from record level

By Christopher Rugaber, The Associated Press on April 13th, 2018

WASHINGTON – U.S. businesses posted fewer open jobs in February than the previous month when openings reached a record level, though layoffs fell. The Labor Department said Friday that openings fell 2.8 per cent to 6.05 million, down from 6.23 million in January, the most on record dating back to 2001. Layoffs dropped a steep ... Read More »

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Not so fast: U.S. notes that interest in re-joining TPP far from guaranteed

By The Canadian Press on April 13th, 2018

WASHINGTON – On the heels of bombshell news that President Donald Trump is exploring the possibility of rejoining the Trans-Pacific Partnership, the United States is seeking to contain expectations. Trump tweets that he would only rejoin the agreement if it’s renegotiated to become substantially better for the U.S. And the economic adviser he’s tasked to ... Read More »

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Cogeco Q2 profit surges on benefit of U.S. tax reforms and higher revenues

By The Canadian Press on April 13th, 2018

MONTREAL – Cogeco Communications Inc. net earnings surged in the second quarter thanks largely to deferred income taxes related to U.S. tax reforms. The Montreal-based company says its earnings attributable to shareholders were $138.9 million, up from $76.7 million a year ago. That equalled $2.79 per diluted share for the period ended Feb. 28, compared ... Read More »

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Couillard wants Bombardier rail plant to get Montreal subway renewal contract

By The Canadian Press on April 13th, 2018

LA POCATIERE, Que. – Quebec Premier Philippe Couillard says his government will introduce a bill to thwart any legal challenges to Bombardier and Alstom being awarded the extension of a contract for the renewal of Montreal’s subway car fleet. Couillard met with employees today at Bombardier Transportation at its facility northeast of Quebec City. The ... Read More »

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March home sales volume plunges 22.7%, national average price down 10.4%: CREA

By The Canadian Press on April 13th, 2018

OTTAWA – Canada’s real estate industry organization says the number of homes sold in March plunged 22.7 per cent and the national average price was down 10.4 per cent from the same month last year. The Canadian Real Estate Association says the sales activity marked a four-year low for the month of March and was ... Read More »

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NewsAlert: Number of Canadian home sales plunges 22.7 per cent from last March

By The Canadian Press on April 13th, 2018

OTTAWA – The number of Canadian homes sold in March plunged 22.7 per cent from the same month last year. The national average price was around $491,000, down 10.4 per cent from a year earlier. More coming... Read More »

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100-year-old beef jerky company sold to Premium Brands by founding Oberto family

By The Canadian Press on April 13th, 2018

VANCOUVER – Premium Brands Holdings Corp. will expand its portfolio of specialty meats products with the acquisition of Seattle-based Oberto Sausage Company, a 100-year-old family-run business. Oberto produces beef jerky and other snack foods under various brands including Oberto and Cattleman’s Cut. The business was founded in 1918 by Constantino Oberto and later led by ... Read More »

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JPMorgan posts record profit in 1Q, helped by lower taxes

By Ken Sweet, The Associated Press on April 13th, 2018

NEW YORK – Wall Street giant JPMorgan Chase & Co. reported the highest quarterly profit in its history Friday, with a big assist from the new tax law passed late last year. JPMorgan Chase, the nation’s largest bank by assets and deposits, had a profit of $8.71 billion in the first quarter, a jump of ... Read More »

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JPMorgan hits record quarterly profit, helped by lower taxes

By Ken Sweet, The Associated Press on April 13th, 2018

NEW YORK – Wall Street giant JPMorgan Chase & Co. recorded the highest quarterly profit in its history Friday, as the company benefited greatly from the new tax law passed late last year. JPMorgan Chase, the nation’s largest bank by assets and deposits, had a profit of $8.71 billion in the first quarter, a jump ... Read More »

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JPMorgan’s 1Q profit rises 35 per cent, helped by lower taxes

By The Associated Press on April 13th, 2018

NEW YORK – JPMorgan Chase & Co. says its first-quarter profit jumped 35 per cent from a year ago, helped by higher interest rates and a lower tax bill due to the recently passed tax law. JPMorgan says it earned $8.71 billion in the first quarter, or $2.37 a share, up from $6.45 billion, or ... Read More »

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