August 5th, 2020

Business

Great-West Lifeco to sell Canadian subsidiary for $175 million to Mackenzie

By The Canadian Press on August 4th, 2020

WINNIPEG – Great-West Lifeco Inc. says it is selling its Canadian subsidiary GLC Asset Management Group Ltd. to Mackenzie Financial Corp. for $175 million in cash. As part of the deal, Great-West subsidiary The Canada Life Assurance Company will acquire fund management contracts relating to the private label Quadrus Group of Funds and other Canada ... Read More »

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Stingray reports lower Q1 revenue, earnings as pandemic hits radio business

By The Canadian Press on August 4th, 2020

MONTREAL – Stingray Group Inc. says revenue in its fiscal first quarter ended June 30 fell by 35 per cent to $52.3 million as the impact of the COVID-19 pandemic hit revenue from radio operations. It is reporting net income of $7.02 million, down 23.5 per cent from $9.18 million on revenue of $80.4 million ... Read More »

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Canadian auto sales hit 165,020 in July, up 6.2 per cent from June

By The Canadian Press on August 4th, 2020

TORONTO – Auto sales continued their upward trend in July, mounting a steadier recovery from the early months of the COVID-19 pandemic. DesRosiers Automotive Consultants Inc. says 165,020 autos were sold in July, up 6.2 per cent from June. The consultancy says in its monthly report that the numbers are 4.9 per cent below the ... Read More »

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Fox News Channel viewers tune out for John Lewis’ funeral

By David Bauder, The Associated Press on August 4th, 2020

NEW YORK – Fox News Channel viewers are usually a loyal bunch, but thousands looked for the “off” switch during last week’s telecast of civil rights icon John Lewis’ funeral. Fox News, like the broadcast and other cable news networks, aired Lewis’ funeral last Thursday, when former presidents Bill Clinton, George W. Bush and Barack ... Read More »

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TSX moves up as Mideast blast lifts commodities, markets catch up after holiday

By The Canadian Press on August 4th, 2020

TORONTO – The main stock index in Toronto closed higher as commodities rose following a deadly explosion in Beirut and Canadian markets caught up with their American peers after Monday’s Civic Holiday break. The S&P/TSX composite index was up 198.83 points at 16,368.03. In New York, the Dow Jones industrial average was up 164.07 points ... Read More »

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B.C. allows private pot retailers to sell products online for in-store pick-up

By The Canadian Press on August 4th, 2020

VICTORIA – The British Columbia government says new rules for private cannabis retailers will allow pot to be reserved and paid for online, but customers still have to pick up their orders in person. The province says the regulations now allow private cannabis stores to accept payments made on a website, app or by telephone. ... Read More »

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Honda Canada recalls 53,770 Odyssey, Passport and Pilot vehicles

By The Canadian Press on August 4th, 2020

MARKHAM, Ont. – Honda Canada is recalling 53,770 vehicles for repair. The recall in Canada covers 2018 to 2020 Honda Odysseys, 2019 to 2020 Honda Passports and 2019 to 2021 Honda Pilots. The automaker says that depending on the vans or SUV, it may need one or more of four free repairs, including two software ... Read More »

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Porter Airlines extends flight suspension for third time, to Oct. 7

By The Canadian Press on August 4th, 2020

TORONTO – Porter Airlines is extending its suspension of all flights until Oct. 7, the third such delay caused by the COVID-19 pandemic. The carrier had previously planned to resume flying on Aug. 31, after initially setting a late-July date. Porter says the decision stems from travel restrictions that include the ongoing Canada-U.S. border shutdown, ... Read More »

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Ford COO Jim Farley to lead company, CEO Hackett to retire

By Tom Krisher, The Associated Press on August 4th, 2020

DETROIT – Jim Farley will lead Ford Motor Co. into the future as the global auto industry faces a new era of autonomous and electric vehicles. The company named Farley, 58, as its new CEO effective Oct. 1, replacing Jim Hackett, who will retire after three years at the helm. Farley, who has been with ... Read More »

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Trying to avoid mass transit? Here’s how to buy a bike without breaking the bank

By Audrey Carleton, The Canadian Press on August 4th, 2020

TORONTO – Like many Canadians, Lindsay Bliek and her children have spent a lot of time cycling recreationally under lockdown. In fact, the Calgary-based cycling blogger recently started plotting new routes to avoid crowds on her usual ones. Thanks in part to the surge in popularity of cycling, Bliek says getting her hands on a ... Read More »

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