September 30th, 2020

Business

Retail sales ‘hit a wall’ in July after two months of significant gains

By Brett Bundale, The Canadian Press on September 18th, 2020

Retail sales in Canada “hit a wall” in July after big gains in May and June, a sign that the economic recovery could be slow and bumpy. Statistics Canada said Friday overall retail sales in July rose 0.6 per cent to $52.9 billion, helped by higher sales at motor vehicle and parts dealers and gasoline ... Read More »

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Kinross Gold shares rise after miner brings back quarterly dividend after 7 years

By The Canadian Press on September 18th, 2020

TORONTO – Shares in Kinross Gold Corp. rose by more than 10 per cent on Friday after it announced it would introduce its first dividend in seven years in view of growing gold production. The news comes as gold prices continue to hover at near all-time record heights above US$1,950 per ounce. Kinross last paid ... Read More »

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Design of post-CERB benefits could change as pandemic shifts course, minister says

By The Canadian Press on September 18th, 2020

OTTAWA – The federal minister overseeing key aid programs for workers during the pandemic says there could still be changes to a proposed package of income-support benefits as the country faces renewed pressure from COVID-19. That includes caregiver payments for anyone who can’t go to work because their child’s school or daycare is closed, or ... Read More »

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Flight cancellations scramble travellers’ plans as hopes for a spike in demand fade

By The Canadian Press on September 18th, 2020

MONTREAL – Canadian airlines are cancelling hundreds of flights as hopes for a spike in demand fall flat, snarling plans for the few passengers who remain. Figures from flight data firm Cirium show Air Canada and WestJet have cancelled at least 439 flights so far this month. John Gradek, who heads McGill University’s Global Aviation ... Read More »

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$1B supply bill passed in N.L. falls short of Liberal government’s wishes

By The Canadian Press on September 18th, 2020

ST. JOHN’S, N.L. – Though it wasn’t exactly what it had sought, the Newfoundland and Labrador government has succeeded in passing a bill to get through the coming months while awaiting an approved budget. The minority Liberal government had originally proposed a three-month $1.56-billion interim supply bill, which would let the government keep spending despite ... Read More »

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Egyptian, Mexican, Moldovan exit in race for top post at WTO

By The Associated Press on September 18th, 2020

GENEVA – World Trade Organization member countries on Friday trimmed a list of candidates vying to become the next director-general from eight to five. They ejected applicants from Egypt, Mexico and Moldova who had been hoping to lead a trade body that has become a lightning rod of criticism for the Trump administration. The WTO’s ... Read More »

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Industrials help lift S&P/TSX composite in late-morning trading, U.S. markets down

By The Canadian Press on September 18th, 2020

TORONTO – Gains in the industrials sector helped Canada’s main stock index to creep higher in late-morning trading, while U.S. stock markets lost ground. The S&P/TSX composite index was up 21.59 points at 16,268.31. In New York, the Dow Jones industrial average was down 60.36 points at 27,841.62. The S&P 500 index was down 16.15 ... Read More »

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Partial closure of Canada-U.S. border extended to Oct. 21

By The Canadian Press on September 18th, 2020

OTTAWA – Public Safety Minister Bill Blair says the partial closure of the border with the United States is being extended another month, to Oct. 21. Crossings of the border have been largely restricted to trade goods, essential workers and citizens returning home since March, in an attempt to limit the spread of COVID-19. Blair ... Read More »

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CP NewsAlert: U.S. border closure extended to Oct. 21

By The Canadian Press on September 18th, 2020

OTTAWA – Public Safety Minister Bill Blair says the partial closure of the border with the United States is being extended another month, to Oct. 21. More Coming... Read More »

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Ivanhoe Mines confirms third death from falling bucket in South African mine shaft

By The Canadian Press on September 18th, 2020

VANCOUVER – Ivanhoe Mines Ltd. is confirming a third death after an underground accident Monday at its Platreef mine development project in South Africa. The Vancouver-based company says the workers were killed when a “kibble bucket,” commonly used to haul water, ore or refuse to the surface, fell down a mine shaft, striking the side ... Read More »

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