September 30th, 2020

Business

Film, TV productions can’t get COVID-19 insurance, want Ottawa to intervene

By The Canadian Press on September 18th, 2020

OTTAWA – Two Canadian film and television organizations say hundreds of productions and thousands of jobs are on hold because the government has yet to intervene and help them get COVID-19 insurance. The Canadian Media Producers Association and the Association québécoise de la production médiatique say $1 billion in production volume is at risk because ... Read More »

Be the first to comment!

S&P/TSX composite up in early trading, U.S. stock markets mixed; Loonie edges higher

By The Canadian Press on September 18th, 2020

TORONTO – Canada’s main stock index pushed higher in early trading, helped by gains in the industrial and technology sectors, while U.S. stock markets were mixed. The S&P/TSX composite index was up 15.81 points at 16,262.53. In New York, the Dow Jones industrial average was down 46.37 points at 27,855.61. The S&P 500 index was ... Read More »

Be the first to comment!

US bans WeChat, TikTok citing national security, privacy

By Matt Ott, The Associated Press on September 18th, 2020

WASHINGTON – The U.S. will ban the downloads of the Chinese apps TickTok and WeChat on Sunday, with a total ban on the use of the latter, citing national security and data privacy concerns. A total ban on the use of TikTok will follow on Nov. 12, but Commerce Secretary Wilbur Ross said early Friday ... Read More »

Be the first to comment!

Statistics Canada says wholesale sales reached record high in July

By The Canadian Press on September 18th, 2020

OTTAWA – Statistics Canada says wholesale sales rose 4.3 per cent in July to a record high of $65.0 billion, boosted by the motor vehicle and motor vehicle parts and accessories subsector. Economists had expected an increase of 3.5 per cent in July, according to financial markets data firm Refinitiv. Statistics Canada say the gains ... Read More »

Be the first to comment!

Statistics Canada says retail sales rose 0.6 per cent in July

By The Canadian Press on September 18th, 2020

OTTAWA – Statistics Canada says retail sales rose 0.6 per cent in July to $52.9 billion, helped by higher sales at motor vehicle and parts dealers and gasoline stations. Economists had expected an increase of 1.0 per cent for the month, according to financial markets data firm Refinitiv. Statistics Canada says sales were up in ... Read More »

Be the first to comment!

US bans WeChat, TikTok citing national security

By The Associated Press on September 18th, 2020

WASHINGTON – The U.S. will ban the use of WeChat Sunday to “safeguard the national security of the United States.” The Chinese app TikTok will also be banned by Nov. 12, but Commerce Secretary Wilbur Ross said early Friday on Fox Business News that access to that app may be possible if certain safeguards are ... Read More »

Be the first to comment!

US banning use of WeChat, TikTok for national security

By The Associated Press on September 18th, 2020

WASHINGTON – The Commerce Department will roll out a ban of transactions in the U.S. using TikTok and WeChat starting Sunday. The order Friday was put into place, according to Commerce Secretary Wilbur Ross, to “combat China’s malicious collection of American citizens’ personal data.” The government previously said that using and downloading the app to ... Read More »

Be the first to comment!

Businessmen Rivett and Doman join Itasca board following Kenora sawmill purchase

By The Canadian Press on September 17th, 2020

VANCOUVER – Itasca Capital Ltd. says it will add businessmen Paul Rivett and Rick Doman to its board of directors to help pursue additional lumber investments after buying a Kenora sawmill and related assets for $11.5 million. Rivett has been in the news recently after taking part with partner Jordan Bitove in the purchase of ... Read More »

Be the first to comment!

Canadian Press NewsAlert: B.C. adds $660M in tax incentives to recovery plan

By The Canadian Press on September 17th, 2020

VICTORIA – The British Columbia government is announcing $660 million in new tax incentives and outlining how it will spend another $1.5 billion for economic recovery from the COVID-19 pandemic. The plan earmarks $417 million to support jobs and training, including $300 million to hire new health-care workers. Premier John Horgan’s government has also announced ... Read More »

Be the first to comment!

North American stock markets fall over technology losses and U.S. stimulus concerns

By Ross Marowits, The Canadian Press on September 17th, 2020

TORONTO – North American stock markets fell Thursday on technology sector weakness and concerns about the likelihood of more U.S. stimulus and slowly falling jobless claims. The S&;P/TSX composite index closed down 48.94 points to 16,246.72. In New York, the Dow Jones industrial average was down 130.40 points at 27,901.98. The S&P 500 index was ... Read More »

Be the first to comment!