August 19th, 2017

Business

Canadian U Box It wins u-u-uge trademark battle over American U-Haul

By The Canadian Press on August 17th, 2017

OTTAWA – A family-owned Canadian garbage business is claiming victory over huge American moving company U-Haul International in a David-versus-Goliath battle involving whose U-themed brands deserve trademark protection in Canada. The Federal Court of Appeal has upheld a lower court ruling denying U-Haul two trademarks because they too closely resemble the brand of U Box ... Read More »

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Toronto’s main stock index rises as morning progresses; loonie up

By The Canadian Press on August 17th, 2017

TORONTO – The Toronto stock market crept higher in late-morning trading as its U.S. peers traded in the red. The S&P/TSX composite index was up 8.80 points to 15,091.01, after 90 minutes of trading. Energy companies provided much of the lift, with an assist from Valeant Pharmaceuticals and technology stocks. In New York, the Dow ... Read More »

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Panama Papers expose cash trail amid Red Bull fugitive hunt

By Martha Mendoza, The Associated Press on August 17th, 2017

The Bangkok billionaire family that co-founded Red Bull, the world’s leading energy drink, uses offshore companies to cloak purchases of jets and luxury properties, including the posh London home where the clan’s fugitive son was last seen. The Yoovidhya family’s efforts to hide assets show how easily major global financial players can routinely – and, ... Read More »

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Wal-Mart says it has gained market share in Canada

By The Associated Press on August 17th, 2017

BENTONVILLE, Ark. – Wal-Mart Stores Inc. says its Canadian stores gained market share against rivals during its fiscal second quarter. “We further improved our price position against competitors, which contributed to market share gains in key traffic driving categories such as food and consumables,” Wal-Mart chief financial officer Brett Biggs said in remarks prepared for ... Read More »

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Back to school: How mature students can fund continuing education

By Aleksandra Sagan, The Canadian Press on August 17th, 2017

VANCOUVER – When Kear Porttris decided to pursue a university degree in 2010, he had to contend with responsibilities that don’t cross the minds of many freshman straight out of high school, including paying his mortgage and feeding his daughter. Mature students who return to education have much more complex financial lives, experts say, and ... Read More »

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Canadian subsidiary of French defence giant gets $5.2 billion contract

By The Canadian Press on August 17th, 2017

OTTAWA – The Canadian subsidiary of French defence giant Thales has been awarded a multibillion-dollar contract to service Canada’s new fleet of Arctic offshore patrol ships and joint support vessels. The federal government says Thales Canada, in a joint venture with the company’s Australian arm, will provide in-service support for the vessels under a contract ... Read More »

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Last year’s federal deficit smaller than government predicted: analysis

By The Canadian Press on August 17th, 2017

OTTAWA – A new report says last year’s federal budgetary shortfall was smaller than the government predicted last spring. The parliamentary budget officer projects Ottawa’s 2016-17 shortfall was $2.1 billion smaller than forecast. The report says the improved deficit figure was due in large part to lower-than-expected expenses booked for the Liberals’ infrastructure investment program. ... Read More »

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Trump decries monument removals, ‘history ripped apart’

By Julie Bykowicz And Jonathan Lemire, The Associated Press on August 17th, 2017

WASHINGTON – President Donald Trump bitingly decried the rising movement to pull down monuments to Confederate icons Thursday, declaring the nation is seeing “the history and culture of our great country being ripped apart.” Trump’s new remarks came even as the White house tried to manage his increasing isolation and the continued fallout from his ... Read More »

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Quebec law firm seeks to file class action against Netflix over fee hikes

By The Canadian Press on August 17th, 2017

MONTREAL – A Quebec law firm is seeking authorization to launch a class action lawsuit on behalf of Netflix users in the province who were allegedly charged higher fees unilaterally. The motion, filed earlier this month in Quebec Superior Court, alleges Netflix didn’t follow rules laid out in the province’s Consumer Protection Act. The suit ... Read More »

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Statistics Canada says manufacturing sales fell 1.8 per cent in June

By The Canadian Press on August 17th, 2017

OTTAWA – Statistics Canada says manufacturing sales fell in June, following three consecutive months of gains. The federal agency says manufacturing sales slipped 1.8 per cent to $53.9 billion in June. The drop came due to lower sales in the petroleum and coal product, transportation equipment and chemical industries. Sales fell in 15 of 21 ... Read More »

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