August 19th, 2017

Business

The real revolution in NKorea is rise of consumer culture

By Eric Talmadge, The Associated Press on August 17th, 2017

PYONGYANG, Korea, Democratic People’s Republic Of – Like all North Korean adults, Song Un Pyol wears the faces of leader Kim Jong Un’s father and grandfather pinned neatly to her left lapel, above her heart. But on her right glitters a diamond-and-gold brooch. Song, who manages a state-run supermarket with freezers stocked full of pork ... Read More »

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Under fire – from GOP – Trump digs in on Confederate icons

By Jonathan Lemire And Darlene Superville, The Associated Press on August 17th, 2017

BRIDGEWATER, N.J. – With prominent Republicans openly questioning his competence and moral leadership, President Donald Trump on Thursday burrowed deeper into the racially charged debate over Confederate memorials and lashed out at members of his own party in the latest controversy to engulf his presidency. Out of sight, but still online, Trump tweeted his defence ... Read More »

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Alberta trade minister says NAFTA talks no threat to oil and gas industry

By The Canadian Press on August 17th, 2017

CALGARY – Alberta’s minister of trade says Canada’s oil and gas industry has little to worry about as wide-ranging North American trade negotiations get underway. Speaking Thursday after a conference of state governments in Tacoma, Wash., Minister Deron Bilous said U.S. lawmakers recognize the importance of an integrated energy market. He said Alberta government representatives ... Read More »

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Ex-J.C. Penney executive tapped for CFO gig at Hudson’s Bay Company

By The Canadian Press on August 17th, 2017

TORONTO – Hudson’s Bay Company has tapped the former chief financial officer of another struggling retailer, J.C. Penney, to fill its vacancy. Edward Record will step into the executive role on Aug. 28, taking over the job from Paul Beesley, whose upcoming departure was announced in early July. HBC (TSX:HBC) CEO Jerry Storch said in ... Read More »

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NAFTA: Negotiators get to work in quiet contrast to the political noise outside

By Alexander Panetta, The Canadian Press on August 17th, 2017

WASHINGTON – While President Donald Trump tweeted up a storm Thursday, the massive trade negotiation he launched was off to a quick, quiet start in the boardrooms of a Washington hotel. Separate working groups on more than two dozen topics are holding their first encounters in this week’s intial round of North American trade talks, ... Read More »

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Cafe no longer being probed in death of Chris Berman’s wife

By The Associated Press on August 17th, 2017

HARTFORD, Conn. – Connecticut officials say they have closed an investigation of a restaurant after finding no violations in connection with a car crash that killed the wife of longtime ESPN broadcaster Chris Berman. The state Liquor Control Division investigated whether 67-year-old Katherine Berman was served alcohol at the Good News Cafe in Woodbury before ... Read More »

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Stocks tumble, but TSX gets some strength from bump in gold price

By The Canadian Press on August 17th, 2017

TORONTO – Stock markets tumbled today, but the Toronto Stock Exchange’s main index fared better than its U.S. counterparts due to the strength of gold and other commodities. The S&P/TSX composite index dropped 48.57 points to 15,033.64 as gains by gold stocks offset some of the losses. The December gold contract climbed US$9.50 to US$1,292.40 ... Read More »

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Ontario court dismisses lawsuit over sale of Hydro One shares

By The Canadian Press on August 17th, 2017

TORONTO – An Ontario court has thrown out a lawsuit against the provincial government over the controversial partial sale of Hydro One. The lawsuit filed last December by the Canadian Union of Public Employees alleged the sale of shares in the utility was “motivated by improper and ulterior purposes,” namely to reward benefactors of the ... Read More »

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Quebecer seeks to file class action against Netflix over fee hikes without warning

By Sidhartha Banerjee, The Canadian Press on August 17th, 2017

MONTREAL – A Quebec man wants millions in compensation from Netflix on behalf of subscribers in the province, alleging the company violated strict consumer rights rules when it upped their fees. The class action document filed in Quebec Superior Court earlier this month seeks permission to sue the popular video streaming service for allegedly charging ... Read More »

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Canadian manufacturing sales fall 1.8 per cent in June, breaking winning streak

By The Canadian Press on August 17th, 2017

OTTAWA – Canadian manufacturing sales fell in June following three consecutive months of gains, with declines led by the petroleum and coal industry. Manufacturing sales slipped 1.8 per cent overall to $53.9 billion in June, Statistics Canada said Thursday in a monthly report. Sales also fell 1.0 per cent in constant dollars, indicating a lower ... Read More »

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