September 25th, 2021

Business

Small businesses face threats, backlash as vaccine passports take effect

By Salmaan Farooqui, The Canadian Press on September 24th, 2021

With the introduction of every new pandemic measure, The Hearty Hooligan restaurant in Hamilton has faced fake one-star reviews, online harassment, and disruptions at their location. The situation is bad enough that head chef Matthew Miles installed a panic button at their counter, and practices dealing with unruly customers with his staff using role plays. ... Read More »

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Justice Dept: Huawei exec poised to resolve criminal charges

By Eric Tucker And Jim Mustian, The Associated Press on September 24th, 2021

NEW YORK (AP) – U.S. prosecutors are prepared to resolve criminal charges against the chief financial officer of Chinese communications giant Huawei Technologies, the Justice Department disclosed Friday in a letter to a federal judge in New York. The details of the resolution of the case against Meng Wanzhou were expected to be revealed at ... Read More »

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Hudson’s Bay steps into booming resale marketplace with baby gear startup Rebelstork

By Brett Bundale, The Canadian Press on September 24th, 2021

Hudson’s Bay Co. is wading into the booming resale marketplace through a partnership with Canadian startup Rebelstork Corp. as shoppers increasingly turn to second-hand e-commerce platforms in search of cheaper and greener goods. The deal will give Rebelstork, a managed marketplace for the resale of overstock, open box and used baby gear, a link on ... Read More »

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Federal deficit hit $48.5 billion over first four months of fiscal year

By The Canadian Press on September 24th, 2021

OTTAWA – The federal government ran a deficit of more than $48 billion over the first four months of its fiscal year, about $100 billion less than the treasury pumped out during the same period one year earlier. The Finance Department’s regular fiscal monitor says the budgetary deficit between April and July was just under ... Read More »

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New homes sales rise for second straight month in August

By Matt Ott, The Associated Press on September 24th, 2021

SILVER SPRING, Md. (AP) – Sales of new homes in the U.S. rose modestly in August as rising prices continue to sideline potential buyers. Sales of new homes last month rose 1.5%, the Commerce Department reported Friday, reaching a seasonally adjusted annual rate of 740,000. That follows July’s increase, which came after three consecutive declines ... Read More »

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Transcontinental CEO François Olivier to retire, Peter Brues named successor

By The Canadian Press on September 24th, 2021

MONTREAL – Transcontinental Inc. says chief executive François Olivier will retire in December after 28 years with the company, including 13 years as CEO. The printing and packaging company says Peter Brues, a member of its board of directors since 2018 and chair of the audit committee, will succeed him. Olivier helped Transcontinental grow its ... Read More »

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CDC endorses COVID booster for millions of older Americans

By Lauran Neergaard And Mike Stobbe, The Associated Press on September 23rd, 2021

The Centers for Disease Control and Prevention on Thursday endorsed booster shots for millions of older or otherwise vulnerable Americans, opening a major new phase in the U.S vaccination drive against COVID-19. CDC Director Dr. Rochelle Walensky signed off on a series of recommendations from a panel of advisers late Thursday. The advisers said boosters ... Read More »

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US sets the stage for COVID booster shots for millions

By Lauran Neergaard And Mike Stobbe, The Associated Press on September 23rd, 2021

The U.S. vaccination drive against COVID-19 stands on the verge of a major new phase: Government advisers on Thursday recommended booster doses of Pfizer’s vaccine for millions of Americans. This, despite concern among some experts that the extra shots will do little to slow the pandemic. The advisory panel to the Centers for Disease Control ... Read More »

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Fed’s positive economic outlook moves S&P/TSX composite higher for third straight day

By The Canadian Press on September 23rd, 2021

TORONTO – A positive economic and employment outlook by the U.S. Federal Reserve propelled North American stock markets higher for a third straight day and pared losses in the choppy month of September. The S&P/TSX composite index closed up 60.44 points to 20,461.93. In New York, the Dow Jones industrial average was up 506.50 points ... Read More »

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Another rally on Wall Street erases losses for the week

By Damian J. Troise And Alex Veiga, The Associated Press on September 23rd, 2021

Stocks rose broadly for a second day in a row on Wall Street Thursday, reversing the market’s losses for the week just three days after the S&P 500 had its biggest skid since May. The S&P 500 added 1.2% and the Dow Jones Industrial Average rose 1.5%. Investors were pleased to have gotten some clarity ... Read More »

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