April 24th, 2019

Business

Bank of Canada’s Poloz expected to signal longer hiatus on interest rates

By Andy Blatchford, The Canadian Press on April 23rd, 2019

OTTAWA – Bank of Canada governor Stephen Poloz will give his updated outlook for the economy Wednesday in an appearance that many expect will send stronger signals the interest rate will be on hold for months. Poloz will release new projections in a quarterly report that follows the economy’s sudden downshift in the final months ... Read More »

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TSX, S&P 500 and Nasdaq set record highs on strong results and better oil prices

By The Canadian Press on April 23rd, 2019

TORONTO – Three of North America’s stock markets closed at all-time highs as they got lifts from strong U.S. corporate results and higher crude oil prices. The S&P/TSX composite index closed up 92.12 points at 16,669.40. In New York, the Dow Jones industrial average was up 145.34 points at 26,656.39. The S&P 500 index was ... Read More »

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All not in favour of Trump’s Buckingham Palace dinner date

By Darlene Superville, Danica Kirka And Jill Lawless, The Associated Press on April 23rd, 2019

WASHINGTON – President Donald Trump finally has a date on the calendar for a state dinner at Buckingham Palace – a visit more than two years in the making. The mere announcement of his June visit as the guest of Queen Elizabeth II stirred up fresh anti-Trump sentiment Tuesday among Brits who want to deny ... Read More »

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Canada’s anti-spam law used against former CEO of coupon marketing company

By The Canadian Press on April 23rd, 2019

GATINEAU, Que. – Canada’s anti-spam law is being used against a former CEO who is accused of using several businesses operating under names such as Teambuy and Dealfind to bombard consumers with emailed discount coupon offers. The Canadian Radio-television and Telecommunications Commission is seeking $100,000 from Brian Conley for allegedly allowing or ignoring violations of ... Read More »

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Teck Resources less exposed to China as uncertainty on imports continue

By The Canadian Press on April 23rd, 2019

VANCOUVER – Teck Resources Ltd. says it is less exposed to uncertainties on Chinese coal imports after shifting more sales to India. Last year was the first time that India surpassed China as a market for the company’s steelmaking coal, Real Foley, vice-president of coal marketing at Teck, told a conference call with financial analysts ... Read More »

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Twitter profit rises as Trump demands ‘fairer’ social media

By The Associated Press on April 23rd, 2019

SAN FRANCISCO – Twitter Inc. on Tuesday trumpeted strong quarterly growth in earnings and users while President Donald Trump tweeted criticism of the social media site for allegedly discriminating against him politically. The company said net income for the first three months of the year rose on strong ad demand. Daily users rose 11% to ... Read More »

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Harley-Davidson tops estimates, but sales decline

By The Associated Press on April 23rd, 2019

MILWAUKEE – Harley-Davidson reported a decline in motorcycles sales in the U.S. and abroad as it continues to adapt to an aging clientele while navigating the costs of higher tariffs on its motorcycles shipped overseas. President Donald Trump, who last summer supported calls for a boycott of the company after it announced it was moving ... Read More »

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Laurent Beaudoin to step aside as BRP chairman after 55 years with the business

By The Canadian Press on April 23rd, 2019

VALCOURT, Que. – The chairman of recreational products maker BRP Inc. is stepping down, ceding the head spot to longtime president and chief executive Jose Boisjoli. Laurent Beaudoin’s retirement follows his departure last year from Bombardier Inc., which BRP was spun off from in 2003. Over 55 years, Beaudoin steered Bombardier from a snowmobile maker ... Read More »

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Energy sector helps lift TSX higher as price of crude oil climbs

By The Canadian Press on April 23rd, 2019

TORONTO – Gains in the energy sector helped lift Canada’s main stock index in late-morning trading, while U.S. stock markets also surged higher. The S&P/TSX composite index was up 47.39 points at 16,624.67. In New York, the Dow Jones industrial average was up 107.23 points at 26,618.28. The S&P 500 index was up 17.15 points ... Read More »

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I robot? Ian McEwan tells android tale in ‘Machines Like Me’

By The Associated Press on April 23rd, 2019

LONDON – Ian McEwan is fascinated by artificial intelligence. A central character in the British writer’s new novel, “Machines Like Me,” is a lifelike android with access to all human knowledge who writes haiku poetry. The book, published in the U.S. on Tuesday by Doubleday, looks at the messy relationship between human minds and artificial ... Read More »

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