January 21st, 2017

Business

Online alcohol sales in Ontario rose over the holidays: LCBO

By Paola Loriggio, The Canadian Press on January 11th, 2017

TORONTO – More Ontario drinkers turned to the Internet to buy wine, beer and spirits over the holidays. The Liquor Control Board of Ontario says its online alcohol sales totalled nearly $2 million between Nov. 6 and Dec. 31, up from $1.7 million over the previous three months. The LCBO says the average number of ... Read More »

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Financial markets volatile as Trump gives first news conference since election

By The Canadian Press on January 11th, 2017

TORONTO – North American financial markets bounced around as U.S. president-elect Donald Trump spoke to reporters Wednesday in his first news conference since the U.S. election. The S&P/TSX composite index was up 4.52 points at 15,430.80 after falling as Trump began speaking. In New York, the Dow Jones industrial average followed a similar path, losing ... Read More »

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Markets Right Now: US stocks give back most of an early gain

By The Associated Press on January 11th, 2017

NEW YORK – The latest on developments in financial markets (All times local): 11:45 a.m. Stocks gave up most of an early gain on Wall Street and were little changed by midday. Drugmakers dropped in late morning trading Wednesday after President-elect Donald Trump called for efforts to reduce the government’s spending on drugs. The Nasdaq ... Read More »

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Trump business will pursue US deals, but not foreign ones

By Bernard Condon And Jonathan Lemire, The Associated Press on January 11th, 2017

NEW YORK – Donald Trump’s business will continue to pursue deals in the United States, though not abroad, while he is president, and he will relinquish control of the company, according to a lawyer who worked with the Trump Organization on the plan. Trump will put his business assets in a trust and take other ... Read More »

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Alstom-Bombardier consortium wins large Paris commuter rail contract

By The Canadian Press on January 11th, 2017

MONTREAL – A consortium including Alstom and Bombardier has won a commuter rail contract for the Paris region that could eventually be worth about C$5.2 billion, the companies and French railway operators said. Bombardier (TSX:BBD.B) and France’s Alstom were the sole bidders for the largest rolling stock tender ever launched by French railway company SNCF ... Read More »

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Financial markets flat as Trump steps to podium for press conference

By The Canadian Press on January 11th, 2017

TORONTO – North American financial markets were in a holding pattern this morning as President-elect Donald Trump prepared to speak to reporters. The Toronto Stock Exchange’s S&P/TSX composite index was up 14.21 points at 15,440.49 as Trump was being announced by his vice-president elect Mike Pence in New York. In New York, the Dow Jones ... Read More »

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High-end home sales in Toronto set to dominate this year, Sotheby’s says

By Alexandra Posadzki, The Canadian Press on January 11th, 2017

Toronto is poised to lead the country in high-end home sales for the third consecutive year in 2017, according to Sotheby’s International Realty Canada. The realtor released a report Wednesday that looked at sales of homes for more than $1 million in Toronto and three other cities – Calgary, Montreal and Vancouver. It concluded that ... Read More »

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Canada’s life insurers to self-limit collection of genetic test results: CLHIA

By The Canadian Press on January 11th, 2017

TORONTO – Canada’s life insurers say they are preparing to adjust the industry’s code of conduct so consumers will no longer be required to disclose genetic testing information when applying for new coverage worth $250,000 or less. Canadian Life and Health Insurance Association says a majority of individual policies issued each year to consumers will ... Read More »

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US stock indexes edge higher in early trading; oil rising

By Alex Veiga, The Associated Press on January 11th, 2017

The major U.S. stock indexes edged higher in early trading Wednesday as investors looked ahead to the start of corporate earnings reports later this week. Energy stocks led the gainers as crude oil prices headed higher, while phone and real estate stocks lagged the most. KEEPING SCORE: The Dow Jones industrial average rose 68 points, ... Read More »

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Markets Right Now: Stocks are little changed in early trade

By The Associated Press on January 11th, 2017

NEW YORK – The latest on developments in financial markets (All times local): 9:35 a.m. Stocks are getting off to a mixed start on Wall Street as investors look ahead to the start of corporate earnings reports later this week. Health care and utilities stocks are higher in early trading Wednesday, but banks and phone ... Read More »

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