October 20th, 2019

Business

Mixed message: Boris Johnson seeks Brexit delay, sort of

By Mike Corder And Gregory Katz, The Associated Press on October 20th, 2019

LONDON – British Prime Minister Boris Johnson pressed ahead Sunday with plans to try to win parliamentary backing for his new Brexit deal even as the European Union began considering his grudging request to extend the looming Brexit deadline. As the dust settled on a day of high drama in Parliament, the next steps in ... Read More »

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Pot legalization has gone ‘well’, but ‘yellow flags’ on vaping: task force chair

By Armina Ligaya, The Canadian Press on October 20th, 2019

The former lead of the federally appointed task force for the legalization of cannabis says the first year has gone “extremely well” but there are “yellow flags veering to red” on vaping as laws governing the next wave of pot products come into force. Anne McLellan, the former deputy prime minister and head of the ... Read More »

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Trump scraps plan to host G-7 at his Doral golf resort

By Zeke Miller And Jill Colvin, The Associated Press on October 20th, 2019

WASHINGTON – Responding to stinging criticism, President Donald Trump has abruptly reversed his plan to hold the next year’s Group of Seven world leaders’ meeting at his Doral golf resort in Florida. Trump announced a rare backtrack Saturday night after facing accusations that he was using the presidency to enrich himself by hosting the international ... Read More »

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Trump drops plan to host G-7 at his Doral golf resort

By Zeke Miller And Jill Colvin, The Associated Press on October 20th, 2019

WASHINGTON – Responding to stinging criticism, President Donald Trump has abruptly reversed his plan to hold the next Group of Seven world leaders’ meeting at his Doral, Florida, golf resort next year. Trump announced a rare backtrack Saturday night after facing accusations that he was using the presidency to enrich himself by hosting the international ... Read More »

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UK’s Johnson asks for a Brexit delay that he doesn’t want

By Mike Corder And Gregory Katz, The Associated Press on October 20th, 2019

LONDON – British Prime Minister Boris Johnson pressed ahead Sunday with plans to try to win parliamentary backing for his new Brexit deal even as the European Union began considering his grudging request to extend the looming Brexit deadline. Johnson sent an unsigned letter to the EU late Saturday seeking a delay to Britain’s impending ... Read More »

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Trump drops plan to host G-7 at Doral

By The Associated Press on October 19th, 2019

WASHINGTON – President Donald Trump says he is reversing his plan to hold the next Group of Seven world leaders’ meeting at his Doral, Florida, golf resort. Accused of using the presidency to enrich himself, Trump announced a rare backtrack on Twitter on Saturday night. He writes that, “based on both Media & Democrat Crazed ... Read More »

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Huawei exec: Chinese tech giant wants to be ‘transparent’

By Eric Tucker, The Associated Press on October 18th, 2019

WASHINGTON – A top executive of Chinese tech giant Huawei said Friday that the company is prepared to be “open and transparent” as it looks to persuade the U.S. government that it can be trusted and that national security concerns about its technology are unfounded. “The first thing we need to do is we need ... Read More »

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Gildan Activewear stock drops nearly 26 per cent after guidance update

By The Canadian Press on October 18th, 2019

MONTREAL – Gildan Activewear Inc. shares plunged nearly 26 per cent Friday after the company cut its 2019 guidance and warned third-quarter earnings would shrink. The shares closed at $34.53, down $11.96 in trading on the Toronto Stock Exchange after the company highlighted weaker demand for imprintable apparel in North America and internationally. The clothing ... Read More »

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Kik Interactive sells messaging app to MediaLab to stay focused on cryptocurrency

By The Canadian Press on October 18th, 2019

WATERLOO, Ont. – Kik Interactive Inc. says it has sold its Kik Messenger app to a California-based holding company as Kik narrows its focus to its cryptocurrency. Santa Monica-based MediaLab, which also holds messaging app Whisper and music sharing platform DatPiff, says it will maintain and improve the Kik Messenger app used by millions of ... Read More »

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TSX dips to end flat week ahead of election as loonie hits three-month high

By The Canadian Press on October 18th, 2019

TORONTO – Canada’s main stock index ended a fairly flat week lower on the eve of the federal election as the loonie hit a three-month high. The S&P/TSX composite index closed down 49.18 at 16,377.12. In New York, the Dow Jones industrial average was down 255.68 points at 26,770.20. The S&P 500 index was down ... Read More »

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