October 20th, 2017

Business

US retail sales leapt 1.6 pct. last month, most in 2 1/2 years

By Christopher Rugaber, The Associated Press on October 13th, 2017

WASHINGTON – Americans increased their spending at retailers last month by the most in two and a half years, driven by strong auto sales as residents of hurricane-ravaged areas replaced destroyed cars. The Commerce Department says retail sales rose 1.6 per cent in September, after slipping 0.1 per cent in August. Auto sales jumped 3.6 ... Read More »

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Small cities and their malls brace for pending Sears store closures

By Aleksandra Sagan, The Canadian Press on October 13th, 2017

VANCOUVER – At Heritage Place Mall in Owen Sound, Ont., an empty Sears department store would leave a mammoth void. The insolvent retailer is one of the mall’s largest occupants. More than 60 people work in the anchor tenant’s roughly 6,500 square metres, a space big enough to fit 14 basketball courts. If the court ... Read More »

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Trump to halt subsidies to health insurers

By Ken Thomas And Catherine Lucey, The Associated Press on October 12th, 2017

WASHINGTON – In a brash move likely to roil insurance markets, President Donald Trump plans to halt payments to insurers under the Obama-era health care law that he has been trying to unravel for months. Two people familiar with the decision described the plan late Thursday night, seeking anonymity because they were not authorized to ... Read More »

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Proposals being made at NAFTA table won’t send Canada away: Trudeau

By Stephanie Levitz, The Canadian Press on October 12th, 2017

MEXICO CITY – The leaders of Canada and Mexico joined forces Thursday to combat the idea that an aggressive U.S. demand during the NAFTA negotiations could tank the deal. The latest potential poison pill came in the form of a U.S. proposal for a sunset clause, that would see any new North American Free Trade ... Read More »

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Equifax takes down customer service web page after ‘malicious content’ found

By David Hodges, The Canadian Press on October 12th, 2017

TORONTO – Equifax Inc. is reporting that a third-party vendor the credit rating agency uses to collect performance data on its U.S. Equifax website was serving malicious content. “Since we learned of the issue, the vendor’s code was removed from the webpage and we have taken the webpage offline to conduct further analysis,” an Equifax ... Read More »

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After Twitter suspension, Rose McGowan says: ‘HW raped me’

By Jake Coyle, The Associated Press on October 12th, 2017

NEW YORK – After a suspension earlier in the day from Twitter, actress Rose McGowan forcefully re-emerged Thursday, stating more frankly what she has long suggested: “HW raped me.” “HW” was apparently in reference to Harvey Weinstein, the embattled former Weinstein Co. co-chairman. Weinstein representative Sallie Hofmeister did not immediately return a message seeking comment, ... Read More »

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Emergency alerts draw complaints in fast-moving wildfires

By Brian Skoloff And Michael R. Blood, The Associated Press on October 12th, 2017

SANTA ROSA, Calif. – Communities in wildfire-prone Northern California have an array of emergency systems designed to alert residents of danger: text messages, phone calls, emails and tweets. But after days of raging blazes left more than two dozen dead, authorities said they will review those methods after some residents complained the warnings never got ... Read More »

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Boeing faces challenge to prove harm from CSeries, says U.S. think tank

By Ross Marowits, The Canadian Press on October 12th, 2017

MONTREAL – Boeing Co. appears to face an uphill climb to prove to U.S. trade authorities that has been harmed by Bombardier’s CSeries commercial jet given that the world’s largest aircraft maker is running full out and earning big profits, a trade expert with the Cato Institute said Thursday. The U.S. Department of Commerce recently ... Read More »

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Ryan blasts states that send billions to federal government

By Marcy Gordon And Ken Thomas, The Associated Press on October 12th, 2017

WASHINGTON – The top House Republican on Thursday blasted high-tax states that deliver billions to the federal government as he faced a backlash from rank-and-file GOP lawmakers over a sweeping tax-cut proposal. Speaker Paul Ryan went on the offensive against high-tax states like California, New York and New Jersey, even though disgruntled GOP lawmakers from ... Read More »

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Falling energy prices weigh down TSX as Wall Street dips into the red

By The Canadian Press on October 12th, 2017

TORONTO – Weakness in oil and gas shares weighed on Canada’s largest stock index today as the loonie nudged ahead. The Toronto Stock Exchanges’s S&P/TSX composite index fell 58.20 points to 15,742.20, with the energy sector leading decliners. The November crude contract was down 70 cents to US$50.60 per barrel. In New York, the Dow ... Read More »

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