January 20th, 2018

Business

Immigration agents descend on 7-Eleven stores in 17 states

By Elliot Spagat And Nomaan Merchant, The Associated Press on January 10th, 2018

LOS ANGELES – Seven immigration agents filed into a 7-Eleven store before dawn Wednesday, waited for people to go through the checkout line and told arriving customers and a driver delivering beer to wait outside. A federal inspection was underway, they said. Within 20 minutes, they verified that the cashier had a valid green card ... Read More »

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Aritzia sees 13th straight quarter of comparable sales growth, net revenue up

By The Canadian Press on January 10th, 2018

VANCOUVER – Aritzia Inc. (TSX:ATZ) reported its 13th consecutive quarter of positive comparable sales growth in its most recent quarter. The Vancouver-based women’s fashion brand says its comparable sales grew 6.3 per cent for its third quarter ended Nov. 26, 2017, due to continued momentum in its e-commerce business. In the third quarter of 2016, ... Read More »

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New Toyota-Mazda plant will bring 4,000 jobs to Alabama

By Kim Chandler And Tom Krisher, The Associated Press on January 10th, 2018

MONTGOMERY, Ala. – Japanese automakers Toyota and Mazda on Wednesday announced plans to build a huge $1.6 billion joint-venture plant in Alabama that will eventually employ about 4,000 people. Several states had competed for the coveted project, which will be able to turn out 300,000 vehicles per year and will produce the Toyota Corolla compact ... Read More »

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Despite NAFTA jitters, Canada launches trade broadside against U.S.

By Alexander Panetta, The Canadian Press on January 10th, 2018

WASHINGTON – Prepare for a tense moment in Canada-U.S. relations – with hard bargaining on NAFTA on the horizon prompting nervous glances at Donald Trump to see whether he cancels the agreement, all compounded by a bitter, wide-ranging trade dispute. Canada launched a broad attack against American trade practices in an international complaint about the ... Read More »

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Loonie, TSX fall amid reports U.S. plans to pull out of NAFTA, Wall St. down

By The Canadian Press on January 10th, 2018

TORONTO – The Canadian dollar and the Toronto stock index fell Wednesday amid media reports that the United States will soon announce its intent to pull out of the North American Free Trade Agreement. The loonie closed at an average trading price of 80.03 cents US, down 0.27 of a U.S. cent. The S&P/TSX composite ... Read More »

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Corus stock hits lowest in nearly 2 years after Q1 TV ad revenue misses the mark

By David Paddon, The Canadian Press on January 10th, 2018

TORONTO – Corus Entertainment Inc. shares sank to their lowest level in nearly two years on Wednesday after the media company said its first-quarter results fell short of expectations as some of its TV advertisers adjusted their spending priorities. Corus shares closed down 17 per cent at $9.17 apiece on Wednesday after it reported a ... Read More »

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“Hold the sugar, hold the cream, Tim Hortons don’t be mean,” protesters chant

By Tara Deschamps and Michelle McQuigge, The Canadian Press on January 10th, 2018

TORONTO – Protesters rallied outside Tim Hortons locations across Ontario Wednesday to show support for employees after some franchisees made benefits and break cuts after a minimum wage increase – but many gatherers stopped short of committing to a boycott. Some, but not all, of the chain’s franchisees have said employees will have to cover ... Read More »

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U.S. newsprint duties will accelerate shift to digital, says industry

By Ross Marowits, The Canadian Press on January 10th, 2018

MONTREAL – The imposition of duties on U.S. imports of Canadian newsprint will accelerate the transition from print to digital and threaten thousands of jobs on both sides of the border, say industry players including North America’s largest newsprint producer. “There are 600,000 workers in the newspaper publishing sector as well as the commercial printing ... Read More »

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Toyota-Mazda plant announced in Alabama

By Kim Chandler And Tom Krisher, The Associated Press on January 10th, 2018

MONTGOMERY, Ala. – Japanese automakers Toyota and Mazda on Wednesday announced plans to build a huge $1.6 billion joint-venture auto plant in Alabama that will eventually employ about 4,000 people. Several states had competed for the coveted project, which will be able to turn out 300,000 vehicles per year and will produce the Toyota Corolla ... Read More »

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Las Vegas hotels bet on technology to attract, dazzle guests

By Regina Garcia Cano, The Associated Press on January 10th, 2018

LAS VEGAS – It takes just minutes for a room service attendant to respond to a text message asking for a soda, bringing the Diet Coke on a tray with a glass of ice and lime wedges, no need for the modern hassle of placing a phone call. Thousands of guests at some of Las ... Read More »

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