June 17th, 2019

Business

Canada OK with EU plan to help WTO deal with Trump disruption: Carr

By The Canadian Press on June 3rd, 2019

OTTAWA – Canada’s trade minister is endorsing a European Union plan to prevent the Trump administration from paralyzing the World Trade Organization’s dispute-settlement body later this year. Jim Carr tells The Canadian Press that the EU’s plan to set up a proxy version of the WTO’s Appellate Body has merit and deserves further examination. The ... Read More »

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De Havilland brand preps for takeoff after Bombardier’s Dash 8 sale to Longview

By The Canadian Press on June 3rd, 2019

MONTREAL – The De Havilland brand will take flight once again, as its parent company announced the re-launch of the Dash 8 aircraft program following its newly minted purchase from Bombardier Inc. Longview Aviation Capital Corp. unveiled the de Havilland Aircraft of Canada Ltd., its new subsidiary that will operate the turboprop family following the ... Read More »

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Trump, in tussle with CNN, suggests boycott of parent AT&T

By The Associated Press on June 3rd, 2019

NEW YORK – President Donald Trump took to Twitter on Monday to reiterate his complaints about CNN and suggest a boycott of its parent company, AT&T. Soon after his arrival in London for a pomp-filled state visit to Britain, Trump tweeted that CNN is his chief source of such reports but that “after watching it ... Read More »

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Survey: US manufacturing growth slowed in May

By Josh Boak, The Associated Press on June 3rd, 2019

WASHINGTON – U.S. manufacturers grew at a slower pace in May, as production levels fell slightly. The Institute for Supply Management, an association of purchasing managers, says that its manufacturing index slipped to 52.1 last month, down from 52.8 in April. Any above 50 signals an expansion in manufacturing. The sector has been reporting growth ... Read More »

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FTD, founded 100 years before swipe right, seeks bankruptcy

By The Associated Press on June 3rd, 2019

DOWNERS GROVE, Ill. – The century old flower company FTD is filing for Chapter 11 bankruptcy protection following a rough Valentine’s Day and will break the business into pieces. Originally called the Florists Telegraph Delivery Association, FTD has failed to turn a profit in four years. FTD Co. said Monday that it’s sold its North ... Read More »

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Liberals merge youth employment programs in revamped jobs strategy

By The Canadian Press on June 3rd, 2019

OTTAWA – Myriad federal programs aimed at helping young people get footholds in the job market are being merged as part of a revamped youth employment strategy. The changes unveiled today are meant to make applying for money simpler and to broaden the number of groups receiving government funding. Labour Minister Patty Hajdu says the ... Read More »

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Aeroplan sale price lands at $516 million after post-closing adjustments

By The Canadian Press on June 3rd, 2019

MONTREAL – Aimia Inc. says the final price for the sale of Aeroplan to Air Canada has increased to $516 million following the finalization of all financial adjustments after the deal’s January close. Air Canada signed a definitive agreement last November to buy the flagship points program from Aimia, a loyalty analytics company, at an ... Read More »

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Telecom panel must consider disappearing international borders, says chairwoman

By David Paddon, The Canadian Press on June 3rd, 2019

MISSISSAUGA, Ont. – The chairwoman of a government-appointed panel looking at Canada’s telecommunications and broadcasting laws says it must take into account that international borders are disappearing. Janet Yale says the panel’s goal is to come up with recommendations for legislation that will guide the communications industries for the next 20 to 30 years. Yale ... Read More »

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FSC updates forestry standards targeting threatened species, Indigenous rights

By The Canadian Press on June 3rd, 2019

TORONTO – The Forest Stewardship Council has launched a major update to its forestry standards that targets issues like threats to woodland caribou and the rights of Indigenous peoples. The FSC is one of the main organizations the industry uses to certify that its products meet a level of environmental, social and management standards. FSC ... Read More »

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Materials sector helps lift Toronto stocks, loonie up against U.S. dollar

By The Canadian Press on June 3rd, 2019

TORONTO – The materials stocks helped lift Canada’s main stock index, helped by strength in the gold sector, as U.S. stock markets were mixed. The S&P/TSX composite index was up 17.95 points at 16,055.44. In New York, the Dow Jones industrial average was up 41.75 points at 24,856.79. The S&P 500 index was up 1.82 ... Read More »

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