October 1st, 2020

Business

Promise of hybrid sittings clears way for Senate to deal with worker-aid bill

By Joan Bryden, The Canadian Press on October 1st, 2020

OTTAWA – The government’s representative in the Senate is promising to introduce a motion Friday to hold hybrid sittings of the upper house during the COVID-19 pandemic. Sen. Marc Gold’s promise cleared the way Thursday for the Senate to begin dealing with a bill authorizing new benefits for workers left jobless or underemployed by the ... Read More »

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Head of Bombardier Aviation leaving as it streamlines to focus on business aircraft

By The Canadian Press on October 1st, 2020

MONTREAL – The head of Bombardier’s aviation division is leaving the company as it streamlines the management team to refocus solely on business aircraft. David Coleal is departing more than five years after joining to lead the business aircraft division. He was appointed president of Bombardier Aviation in May 2019. Bombardier president and CEO Eric ... Read More »

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Auto sales bounce 2.4 per cent in September in best showing since outbreak

By The Canadian Press on October 1st, 2020

TORONTO – Auto sales in September were 2.4 per cent higher than a year earlier, marking the best month for auto dealers since the start of the COVID-19 pandemic. DesRosiers Automotive Consultants Inc. says 169,876 light vehicles were sold in September. Andrew King, the managing partner of the consultancy, says the number marked a huge ... Read More »

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North American stock markets rise to start the fourth quarter with boost for tech

By The Canadian Press on October 1st, 2020

TORONTO – North American stock markets started the month higher with investors again turning to the tech sector amid a lack positive economic signals. The S&P/TSX composite index closed up 63.16 points at 16,184.54. In New York, the Dow Jones industrial average was up 35.20 points at 27,816.90. The S&P 500 index was up 17.80 ... Read More »

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Oil and gas rival Paramount Resources says it may make a takeover bid for NuVista

By Dan Healing, The Canadian Press on October 1st, 2020

CALGARY – The acquisition of a 17.6 per cent stake in Calgary oil and gas producer NuVista Energy Ltd. by rival Paramount Resources Ltd. is part of a trend toward “forced” consolidation in the troubled Canadian energy sector, analysts say. Shares in NuVista jumped by as much as 18.7 per cent to 76 cents in ... Read More »

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Promise of hybrid sittings clears way for Senate to deal with worker aid bill

By Joan Bryden, The Canadian Press on October 1st, 2020

OTTAWA – The government’s representative in the Senate is promising to introduce a motion Friday to hold hybrid sittings of the upper house during the COVID-19 pandemic. Sen. Marc Gold’s promise cleared the way Thursday for the Senate to deal swiftly later in the day with a bill authorizing new benefits for workers left jobless ... Read More »

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Bank technical issues causes delay in payments for teachers: Newfound

By The Canadian Press on October 1st, 2020

The Newfoundland and Labrador government is advising teachers and other individuals receiving wages or income support from the province that payments may be delayed. In a statement, treasury board secretariat Chrysta Collins says the delays are being caused by technical issues being experienced by various banking institutions. Collins says the province is continuing to work ... Read More »

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Push to bring coronavirus vaccines to the poor faces trouble

By Maria Cheng And Lori Hinnant, The Associated Press on October 1st, 2020

LONDON – An ambitious humanitarian project to deliver coronavirus vaccines to the world’s poorest people is facing potential shortages of money, cargo planes, refrigeration and vaccines themselves – and is running into skepticism even from some of those it’s intended to help most. In one of the biggest obstacles, rich countries have locked up most ... Read More »

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Google to pay global publishers US$1 billion over three years for news content

By Kelvin Chan, The Associated Press on October 1st, 2020

LONDON – Google says it will pay publishers around the world about US$1 billion over the next three years for use of their content, the company’s latest effort to relax tensions over its dominance of the news industry. The California-based company said Thursday that it has signed agreements for its news partnership program with nearly ... Read More »

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Government promises move on hybrid Senate sittings to move worker aid bill

By The Canadian Press on October 1st, 2020

OTTAWA – The government’s representative in the Senate is promising to introduce tomorrow a motion to hold hybrid sittings of the upper house during the COVID-19 pandemic. Sen. Marc Gold’s promise clears the way for the Senate to deal swiftly with a bill authorizing new benefits for workers left jobless or underemployed by the health ... Read More »

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