August 19th, 2017

Business

Loonie gains ground against weakening greenback as Trump dissolves 2 councils

By The Canadian Press on August 16th, 2017

TORONTO – The loonie strengthened against a weakening U.S. dollar that slid as President Donald Trump dissolved two of his business advisory councils, including one on manufacturing. The Canadian dollar was trading at an average price of 78.75 cents US, up 0.35 of a U.S. cent. Stock indices remained relatively flat, with the S&P/TSX composite ... Read More »

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Sears Canada executive chairman steps away to make bid for retailer

By The Canadian Press on August 16th, 2017

TORONTO – Sears Canada executive chairman Brandon Stranzl is stepping away from his role to launch a bid for the retailer, which is restructuring under court protection from creditors. A memo to staff says the goal is to create a path for the company to emerge from creditor protection. The deadline to submit bids for ... Read More »

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Corporate chiefs flee Trump; he disbands WH advisory panels

By Darlene Superville And Julie Bykowicz, The Associated Press on August 16th, 2017

NEW YORK – With corporate chieftains fleeing, President Donald Trump abruptly abolished their White House business councils on Wednesday – the latest fallout from his combative comments on racially charged violence in Charlottesville, Virginia. In a face-saving effort, he tweeted from Trump Tower in New York: “Rather than putting pressure on the businesspeople of the ... Read More »

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NewsAlert: Sears Canada executive chairman steps down to make bid for retailer

By The Canadian Press on August 16th, 2017

TORONTO – The executive chairman of Sears Canada is stepping down to launch a bid for the retailer, which is restructuring under court protection from creditors. A memo to staff said Brandon Stranzl wants to bid for Sears or some of the company’s assets under a court-approved process. More coming... Read More »

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Under pressure, Trump disbands business advisory councils

By Julie Pace And Jonathan Lemire, The Associated Press on August 16th, 2017

NEW YORK – With corporate chieftains fleeing, President Donald Trump announced Wednesday he is ending a pair of advisory business councils in the latest fallout over his remarks about the Charlottesville protests. “Rather than putting pressure on the businesspeople of the Manufacturing Council & Strategy & Policy Forum, I am ending both. Thank you all!” ... Read More »

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More departures from Trump business advisory councils

By The Associated Press on August 16th, 2017

WASHINGTON – The CEO of Campbell Soup is resigning from a White House jobs panel over comments about racism made by President Donald Trump. Campbell CEO Denise Morrison said in a company release Wednesday, “Racism and murder are unequivocally reprehensible and are not morally equivalent to anything else that happened in Charlottesville. I believe the ... Read More »

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Resale homes should carry energy use label by 2019, environmental groups say

By The Canadian Press on August 16th, 2017

OTTAWA – A coalition of environmental groups wants to see homes listed for resale in Canada to carry information about how much energy they use. Ten organizations, including the Pembina Institute, the Canadian Energy Efficiency Alliance and The Atmospheric Fund, want the federal government to implement nearly two dozen policies to cut energy use in ... Read More »

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What’s coming for President’s Choice Financial customers when CIBC sets up Simplii

By The Canadian Press on August 16th, 2017

TORONTO – How President’s Choice Financial customers will be affected by the creation of Simplii Financial, a new brand from CIBC, which will absorb the accounts of some two million current PC Financial account holders. Question: What’s changing? Answer: CIBC has provided the back-end banking services for PC Financial for nearly 20 years, but the ... Read More »

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Ikea says its new Halifax-area store will hold grand opening next month

By The Canadian Press on August 16th, 2017

HALIFAX – Ikea’s new Halifax-area store will open its doors next month. The Scandinavian furniture chain says the 30,000-square-metre store in Dartmouth Crossing will welcome its first customers at 9 a.m. on September 27. The store includes a showroom, market hall, restaurant and a children’s play facility. IKEA Canada president Marsha Smith said in a ... Read More »

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Federal, provincial governments consider help for farmers after B.C. wildfires

By The Canadian Press on August 16th, 2017

VICTORIA – Government help may be on the way for farmers and ranchers hard hit by wildfires that have charred more than 8,450 square kilometres of timber, range and farmland in British Columbia. Federal Agriculture Minister Lawrence MacAulay and B.C. counterpart Lana Popham have met in Victoria. A news release says they are working quickly ... Read More »

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