June 26th, 2019

Business

Stocks down in Toronto despite gains in the energy sector; U.S. stocks up

By The Canadian Press on June 26th, 2019

TORONTO – Canada’s main stock index stepped lower in late-morning trading, weighed down by losses in the industrials sector even as energy stocks moved higher with the price of oil. The S&P/TSX composite index was down 25.55 points at 16,345.73. In New York, the Dow Jones industrial average was up 45.50 points at 26,593.72. The ... Read More »

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‘The Office’ to leave Netflix for NBCUniversal in Jan. 2021

By Mae Anderson, The Associated Press on June 26th, 2019

NEW YORK – Netflix’s announcement that NBC’s hit show “The Office” will be pulled from its lineup after 2020 and head to NBCUniversal’s upcoming service is the latest example of jockeying between screening services that is set to heat up as they bulk up their TV and movie offerings to attract users. In a tweet ... Read More »

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US durable goods orders fall 1.3% in May with aircraft down

By Martin Crutsinger, The Associated Press on June 26th, 2019

WASHINGTON – Orders to U.S. factories for long-lasting manufactured goods fell sharply in May while demand in a category that tracks business investment rose modestly. The Commerce Department said Wednesday that orders fell 1.3% in May following an even bigger 2.8% drop in May. That weakness reflected a sharp falloff in orders for commercial aircraft, ... Read More »

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BlackBerry reports Q1 revenue up in first full quarter with Cylance

By The Canadian Press on June 26th, 2019

WATERLOO, Ont. – BlackBerry Ltd. says it had a US$35-million loss with US$247 million of revenue in the first full quarter since it bought Cylance, which represents a new generation of technology for the company. The Waterloo, Ont.-based company acquired Cylance, a California-based artificial intelligence and cyber security company, in February for US$1.4 billion. BlackBerry, ... Read More »

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Corus reports $66.4M third-quarter profit, television ad revenue up

By The Canadian Press on June 26th, 2019

TORONTO – Corus Entertainment Inc. had a $66.4-million net profit attributable to shareholders in its latest quarter, as an increase in television advertising helped to boost revenue. The owner of the Global television network, specialty TV channels and radio stations said the profit amounted to 31 cents per diluted share for the quarter ended May ... Read More »

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Pea-based pants may be next frontier as Lululemon looks at crops for clothes

By Aleksandra Sagan, The Canadian Press on June 26th, 2019

VANCOUVER – Lululemon Athletica Inc. wants customers to have more pea in their yoga pants. The athleisure retailer presented the idea at Protein Industries Canada’s (PIC) pitch day Monday in a talk titled: Clothing the World with Crops, according to a photo of a PowerPoint slide. Lululemon’s pitch focused on using byproducts from pea processing ... Read More »

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Youth minimum wage rollbacks won’t apply at this year’s Calgary Stampede

By Lauren Krugel, The Canadian Press on June 26th, 2019

CALGARY – A rollback to Alberta’s minimum wage for young people won’t apply to those working at this year’s Calgary Stampede. The marquee 10-day celebration of cowboy culture kicks off on July 5. A new $13-per-hour minimum wage for workers aged 13 to 17 takes effect today. The old $15 rate, the highest in Canada, ... Read More »

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Fox’s Hannity, Carlson enjoy Trump rally ratings bonanza

By Lynn Elber, The Associated Press on June 25th, 2019

LOS ANGELES – Fox News hosts Sean Hannity and Tucker Carlson enjoyed a ratings surge from the channel’s solo extended coverage of President Donald Trump’s 2020 campaign kickoff. Viewers watching last week’s rally in Orlando, Florida, helped cable star “Hannity” earn a rare top 10 showing among both broadcast and cable programs with 5 million ... Read More »

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FedEx loses $2 billion, warns of headwinds in coming year

By David Koenig, The Associated Press on June 25th, 2019

DALLAS – FedEx Corp. posted weak quarterly results in its core express business and warned Tuesday that its profit in the year ahead will be hurt by slowing growth in the world economy and the decision to drop a contract with retail giant Amazon. The delivery company reported a quarterly loss of nearly $2 billion. ... Read More »

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Dried cannabis sales up 6 per cent in April, inventories rise 215,665 kilograms

By The Canadian Press on June 25th, 2019

OTTAWA – Heath Canada says sales of legal dried cannabis grew 16 per cent in April compared with the prior month. More than 8,800 kilograms of recreational and medical cannabis was sold in the month, up from 7,627 kilograms in March. Total cannabis oil sales grew 3.5 per cent to 8,196 litres. Almost 76 per ... Read More »

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