October 23rd, 2017

Business

NAFTA: U.S. hasn’t done analysis on what happens if free-trade treaty ends

By The Canadian Press on October 20th, 2017

WASHINGTON – American policy-makers admit they have not worked to analyze the economic impact of the end of the North American Free Trade Agreement. That absence of research applies to both the Trump administration and to the Congress. A research unit for Congress, the U.S. Government Accountability Office, tells The Canadian Press it has not ... Read More »

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Toronto stock market makes broad gain, loonie down

By The Canadian Press on October 20th, 2017

TORONTO – The main Toronto stock index was showing a modest gain in late-morning trading, with most sectors moving higher. The S&P/TSX composite index was up 48.85 points to 15,866.85, after 90 minutes of trading. In New York, the Dow Jones industrial average was up 72.67 points to 23,235.71. The S&P 500 index was up ... Read More »

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Airbus has no plans to buy out CSeries program after initial partnership deal

By The Canadian Press on October 20th, 2017

MONTREAL – Airbus chief executive Tom Enders says the company has no plans to buy out the rest of Bombardier’s CSeries program after reaching a deal to take a majority stake on Monday. According to terms of the deal, Airbus had the option to buy out the CSeries program in 7.5 years, and the Quebec ... Read More »

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Speciality drug firm Concordia International seeks to cut debt by $2 billion

By The Canadian Press on October 20th, 2017

OAKVILLE, Ont. – Shares of Concordia International Corp. (TSX:CXR) plunged below $1 on Friday after the Ontario-based drug company announced its intention to reduce its debt by more than $2 billion under a proposed recapitalization transaction. Concordia had traded above $100 for a time in mid-2015 before its fall. Its shares were down 35 cents ... Read More »

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Brands face risk of backlash by tweeting about Gord Downie

By Cassandra Szklarski, The Canadian Press on October 20th, 2017

TORONTO – Fans of rock star, poet and Canadian troubadour Gord Downie began flooding social media with heartfelt tributes as soon as word emerged that the singer had died. And among their tweets were some that appeared less than heartfelt – messages from corporate brands including Hudson’s Bay and Chevrolet Canada. One tweet from @hudsonsbay ... Read More »

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NewsAlert: Airbus has no plans to buy out Bombardier after CSeries partnership

By The Canadian Press on October 20th, 2017

MONTREAL – Airbus has no plans to buy out Bombardier after its deal to partner on the CSeries project, says Airbus chief executive Tom Enders. According to terms of the deal announced Monday, Airbus had the option to buy out Bombardier in seven years, and the Quebec government in 2023. More coming... Read More »

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Pope sends rare condolence after Malta journalist is slain

By Nicole Winfield, The Associated Press on October 20th, 2017

VATICAN CITY – Pope Francis on Friday joined the chorus of shock over the car bomb slaying of Maltese investigative journalist Daphne Caruana Galizia, sending a note expressing his condolences Friday to the overwhelmingly Catholic island nation. Popes often send telegrams of condolences after deadly natural disasters or the deaths of prominent world leaders. Rarely ... Read More »

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Viral smartphone game lets ordinary Chinese ‘clap’ for Xi

By The Associated Press on October 20th, 2017

BEIJING – Ordinary young Chinese may not have paid close attention to Xi Jinping’s 3 1/2-hour speech this week, but they’re happy to “applaud” the president in the newest viral phenomenon to sweep China’s internet. Tencent, the internet giant behind the WeChat messaging app, rolled out a game this week that lets users clap for ... Read More »

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Survey says Canadians prefer shopping in store compared with online

By The Canadian Press on October 20th, 2017

TORONTO – A survey done for BMO Capital Markets suggests Canadians prefer shopping in store to ordering online. The bank asked Canadians if they would consider buying different products in five categories from Canadian Tire, Walmart or Dollarama. It asked if shoppers would prefer to buy the product online from the retailer’s website, the retailer’s ... Read More »

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Orange is the new white? Unique amber wine creates buzz

By Michael Hill, The Associated Press on October 20th, 2017

BURDETT, N.Y. – The sloping vineyards of New York’s Finger Lakes region known for producing golden-hued rieslings and chardonnays also are offering a splash of orange wine. The colour comes not from citrus fruit, but by fermenting white wine grapes with their skins on before pressing – a practice that mirrors the way red wines ... Read More »

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