March 26th, 2019

Business

Amazon removes books that promoted an autism ‘cure’

By The Associated Press on March 13th, 2019

NEW YORK – Amazon has removed books from its website that promoted “cures” for autism, the latest major company to try to limit the amount of misinformation related to autism and the bogus notion that it’s caused by vaccines. The Center for Disease Control and Prevention says there is no cure for autism spectrum disorder, ... Read More »

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NewsAlert: Garneau orders grounding of all Boeing 737 Max 8s over safety concerns

By The Canadian Press on March 13th, 2019

OTTAWA – Transport Minister Marc Garneau is grounding all Boeing 737 Max 8 airplanes in Canada over safety concerns arising from the crash of an Ethiopian Airlines flight that killed all on board, including 18 Canadians. Garneau says the decision to ground the plane was made after a review of the evidence about the aircraft. ... Read More »

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Toronto index up slightly along with U.S. markets, loonie climbs

By The Canadian Press on March 13th, 2019

TORONTO – Canada’s main stock index was up slightly in late-morning trading as the health care and energy sectors moved higher. The S&P/TSX composite index was up 17.80 points at 16,154.46. In New York, the Dow Jones industrial average was up 107.59 points at 25,752.25. The S&P 500 index was up 24.09 points at 2,815.61, ... Read More »

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Canadian airline shares hit by Boeing 737 crash as anxiety grows over safety

By The Canadian Press on March 13th, 2019

MONTREAL – Share prices for Canada’s two largest airlines have been hit by the growing worries over the 737 Max 8 aircraft, which is facing bans from an increasing number of countries over possible safety issues. Air Canada and WestJet Airlines Ltd. saw their stocks decline about 3.4 per cent and 2.5 per cent respectively ... Read More »

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Crude-by-rail volumes fall in February as Imperial Oil cuts Alberta shipments

By The Canadian Press on March 13th, 2019

CALGARY – Crude-by-rail shipments from Western Canada fell in February to the lowest level since May of last year, according to Genscape. The U.S. company, which monitors rail terminals handling about 80 per cent of typical volumes from Western Canada, reports average loadings last month were 144,000 barrels per day, about half of the 281,000 ... Read More »

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Brookfield Asset Management to acquire 62% of Oaktree Capital Group

By The Canadian Press on March 13th, 2019

TORONTO – Brookfield Asset Management plans to acquire roughly 62 per cent of global investment manager Oaktree Capital Group in a cash-and-stock deal. As part of the transaction, Brookfield will acquire all outstanding Oaktree Class A units for either US$49 in cash or 1.0770 Class A shares per unit. The companies say in a joint ... Read More »

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76% of Canadians now bank online or via app, up from 68% two years ago: poll

By The Canadian Press on March 13th, 2019

TORONTO – A new survey shows that more than three-quarters of Canadians now do their banking through digital channels, up from 68 per cent two years ago. The poll commissioned by the Canadian Bankers Association found that 53 per cent say online banking is their most common way of banking. The bi-annual online survey also ... Read More »

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Aurora Cannabis appoints U.S. billionaire Nelson Peltz as strategic adviser

By The Canadian Press on March 13th, 2019

EDMONTON – Aurora Cannabis shares are up following news that it has appointed U.S. billionaire Nelson Peltz as a strategic adviser and given him the option to buy a stake in the company. The Edmonton-based cannabis company says it has granted Peltz options to purchase nearly 20 million common shares at $10.34 per share, slightly ... Read More »

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US wholesale prices ticked up 0.1 per cent in February

By Christopher Rugaber, The Associated Press on March 13th, 2019

WASHINGTON – U.S. wholesale prices barely increased last month after falling for three straight months, a sign there is little inflation pressure in the economy. The producer price index – which measures price changes before they reach the consumer – rose 0.1 per cent in February, the Labor Department said Wednesday. It slipped 0.1 per ... Read More »

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HEXO reaches friendly deal to buy Newstrike in all-stock deal valued at $263 million

By The Canadian Press on March 13th, 2019

TORONTO – The cannabis company backed by members of the Tragically Hip band has agreed to a friendly takeover by Quebec-based HEXO Corp. in an all-share transaction valued at $263 million. The transaction is unanimously supported by the directors of both companies but requires approval by Newstrike shareholders. Newstrike also has the right to accept ... Read More »

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