April 17th, 2021

Business

Analysts say CRTC ruling will help regional carriers with new limits on Big Three

By David Paddon, The Canadian Press on April 16th, 2021

TORONTO – Some telecommunications analysts and consumer advocates say the country’s regional wireless and internet carriers will benefit the most from a landmark regulatory ruling Thursday by the CRTC. Analyst reports say two of Canada’s publicly traded mid-sized regional telecommunications groups will likely have more room to grow, given the CRTC’s new restrictions on BCE’s ... Read More »

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S&P/TSX composite edges lower in early trading, U.S. stock markets mixed

By The Canadian Press on April 16th, 2021

TORONTO – Losses in the technology sector weighed on the Toronto Stock Exchange as Canada’s main stock index edged lower in early trading. The S&P/TSX composite index was down 8.46 points at 19,313.46. In New York, the Dow Jones industrial average was up 197.46 points at 34,233.45. The S&P 500 index was up 12.02 points ... Read More »

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Vote by Tilray shareholders on Aphria merger deal delayed until April 30

By The Canadian Press on April 16th, 2021

NANAIMO, B.C. – A vote by Tilray Inc. shareholders on the cannabis company’s deal to merge with Aphria Inc. has been delayed, allowing shareholders more time. The vote had been scheduled for today, but shareholders will now vote on April 30. The company says that shareholders who have already voted do not need to recast ... Read More »

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AP Interview: Beijing says US ‘too negative’ toward China

By Ken Moritsugu, The Associated Press on April 16th, 2021

BEIJING – A top Chinese diplomat said Friday that U.S. policy toward China is “too negative” and that co-operation could be critically important as the Biden administration focuses on combatting COVID-19 and promoting economic recovery. The U.S. appears to be highlighting confrontation and playing down co-operation, Vice Foreign Minister Le Yucheng said in a wide-ranging ... Read More »

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Statistics Canada says wholesale sales fell 0.7 per cent in February

By The Canadian Press on April 16th, 2021

OTTAWA – Statistics Canada says wholesale sales fell 0.7 per cent in February to $68.8 billion, the second drop in three months. The drop followed a gain of 4.0 per cent in January. The agency says sales were lower in four of the seven subsectors, led by building material and supplies, and motor vehicle and ... Read More »

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US home construction rebounds in March after frigid February

By Martin Crutsinger, The Associated Press on April 16th, 2021

WASHINGTON – U.S. housing construction rebounded strongly in March with home builders recovering from an unusually frigid February. Builders began construction on new homes and apartments at a seasonally adjusted annual rate of 1.74 million units in March, the Commerce Department reported Friday, a 19.4% increase over February when housing construction fell by 11.3%. Severe ... Read More »

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AP Interview: China says US ‘too negative’ toward China

By The Associated Press on April 16th, 2021

BEIJING – A top Chinese diplomat has called U.S. policy on China “too negative,” saying it highlights confrontation over co-operation. Vice Minister of Foreign Affairs Le Yucheng said Friday that co-operation could be critically important as U.S. President Joe Biden’s administration focuses on COVID and economic recovery. THIS IS A BREAKING NEWS UPDATE. The AP’s ... Read More »

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SKorean steelmaker to end partnership with Myanmar military

By Kim Tong-Hyung, The Associated Press on April 15th, 2021

SEOUL, Korea, Republic Of – A South Korean steelmaker on Friday said it plans to end a joint venture with a military-controlled firm in Myanmar following criticism that its business has benefited military leaders who have violently suppressed pro-democracy protests there. POSCO Coated & Color Steel said it has decided to discontinue its partnership with ... Read More »

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SKorean steelmaker to end venture with Myanmar military

By The Associated Press on April 15th, 2021

SEOUL, Korea, Republic Of – A South Korean steelmaker said Friday it’s ending a joint venture with a military-controlled firm in Myanmar following criticism that its business has benefited military leaders who have violently suppressed pro-democracy protests in the country. POSCO Coated & Color Steel said it will discontinue its joint venture with Myanmar Economic ... Read More »

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S&P/TSX composite, Dow Jones and S&P 500 set record highs as mood rises on economy

By The Canadian Press on April 15th, 2021

TORONTO – Broad-based optimism lifted Canada’s main stock index to a record close on Thursday as U.S. markets also pushed higher on news suggesting a strong recovery from the pandemic slump. The S&P/TSX composite index was up 150.26 points at 19,321.92 with eight of 11 sectors in positive territory. In New York, the Dow Jones ... Read More »

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