November 21st, 2019

Business

StatCan reports annual pace of inflation held steady at 1.9 per cent in October

By The Canadian Press on November 20th, 2019

OTTAWA – The annual pace of inflation held steady in October as the consumer price index rose 1.9 per cent compared with a year ago, matching its moves in August and September, Statistics Canada said Wednesday. The result was also in line with the expectations of economists, according to financial markets data firm Refinitiv. The ... Read More »

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Lowe’s says they will close 34 underperforming stores across six provinces

By The Canadian Press on November 20th, 2019

BOUCHERVILLE, Que. – Lowe’s Companies Inc. says it will close 34 underperforming stores across six provinces as part of a restructuring of its Canadian business. The stores include 26 Ronas, six Lowe’s and two Reno-Depots spread across British Columbia, Alberta, Saskatchewan, Ontario, Quebec, and Nova Scotia. The closures, set for early next year, add to ... Read More »

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Emirates to get 30 Boeing 787 Dreamliners for $8.8 billion

By The Associated Press on November 20th, 2019

DUBAI, United Arab Emirates – Dubai’s carrier Emirates announces firm order for 30 Boeing 787 Dreamliners in deal valued at $8.8 billion. Emirates CEO and Chairman Sheikh Ahmed bin Saeed Al Maktoum says the agreement replaces a deal for the 777x aircraft. He spoke to reporters Wednesday at the Dubai Airshow. Combined with Emirates’ previous ... Read More »

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Torstar to close StarMetro national free newspapers, cutting more than 100 jobs

By Aleksandra Sagan, The Canadian Press on November 19th, 2019

Torstar Corp. said Tuesday it will shutter its StarMetro free newspapers across the country and cut more than 100 jobs while also offering voluntary buyouts to its Toronto Star editorial employees. The company’s StarMetro papers will publish their final editions in Vancouver, Edmonton, Calgary, Toronto and Halifax on Dec. 20. “This difficult decision was made ... Read More »

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Loughlin, Giannulli fighting new charges in admissions case

By The Associated Press on November 19th, 2019

BOSTON – “Full House” actress Lori Loughlin and her fashion designer husband are contesting expanded charges against them in the college admissions bribery scandal. Lawyers for Loughlin and Mossimo Giannulli entered not guilty pleas on their behalf Tuesday to charges of conspiracy to commit federal program bribery. Earlier this month, the couple waived their right ... Read More »

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Ontario government introduces bill to update rules for realtors

By The Canadian Press on November 19th, 2019

TORONTO – The Ontario government has introduced a bill to update regulations for realtors that includes new enforcement tools, rules on business structures and allows more disclosure for consumers. The bill, updating the 2002 Real Estate and Business Brokers Act, would give the Real Estate Council of Ontario more powers to fine realtors and suspend ... Read More »

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Torstar to close StarMetro national free newspaper chain, lay off 73 employees

By The Canadian Press on November 19th, 2019

Torstar Corp. will shutter its StarMetro newspapers across the country and lay off 73 staff. A Torstar spokesperson says the StarMetro papers will publish their final editions on December 20. The company publishes the commuter papers in Vancouver, Edmonton, Calgary, Toronto and Halifax. A memo sent to staff from Torstar president John Boynton says the ... Read More »

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TSX falls slightly as energy sector weighed down by lower oil prices

By The Canadian Press on November 19th, 2019

TORONTO – Canada’s main stock index fell slightly for a second straight day as a drop in crude oil prices pulls down the key energy sector. The S&P/TSX composite index closed down 13.71 points at 17,011.40. In New York, the Dow Jones industrial average was down 102.20 points at 27,934.02. The S&P 500 index was ... Read More »

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NewsAlert: TorStar to close Star Metro national free newspaper chain

By The Canadian Press on November 19th, 2019

TorStar Corp. is shuttering the print versions of its Star Metro series of free daily newspapers across the country and laying off 73 employees as it transitions to a digital-only model. More to come... Read More »

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CBS takes weekly Nielsen crown behind ’60 Minutes’

By David Bauder, The Associated Press on November 19th, 2019

NEW YORK – CBS won the television ratings crown last week despite being without the most valuable ratings commodity in this era, a prime-time football game. Two relatively lacklustre games on NBC and Fox last week enabled CBS’ strong entertainment schedule to rule the week, the Nielsen company said. The long-running “60 Minutes” newsmagazine was ... Read More »

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