August 4th, 2020

Business

Tucows, Dish Network form alliance based on Ting Mobile service in United States

By The Canadian Press on August 3rd, 2020

TORONTO – Tucows Inc. is selling its Ting Mobile retail phone service in the United States to the company that offers Dish satellite TV and other services. Financial terms of the agreement with Dish Network Corp. weren’t included in Monday’s media announcement. However, in a statement to shareholders Tucows says it will receive future payments ... Read More »

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US manufacturing shows further improvement in July

By Martin Crutsinger, The Associated Press on August 3rd, 2020

WASHINGTON – U.S. manufacturing improved again in July with a key gauge of activity rising for a second straight month. The Institute for Supply Management, an association of purchasing managers, said Monday that its manufacturing index rose to 54.2 last month, up from a June reading of 52.6. Any reading above 50 signas that U.S. ... Read More »

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U.S. stock markets move higher to start August; gold briefly surpasses US$2,000

By The Canadian Press on August 3rd, 2020

TORONTO – U.S. stock markets started the month higher as the price of gold briefly surpassed US$2,000 an ounce. In New York, the Dow Jones industrial average was up 118.61 points at 26,546.93. The S&P 500 index was up 18.14 points at 3,289.26, while the Nasdaq composite was up 113.36 points at 10,856.90. The S&P/TSX ... Read More »

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Stingray Music adds Comcast Xfinity, five other U.S. platforms as partners

By The Canadian Press on August 3rd, 2020

MONTREAL – Stingray Group Inc. is expanding the reach of its music service through new partnerships with six U.S. platforms, including Comcast’s Xfinity. The Montreal-based company says the distribution agreements grow Stingray’s potential reach by more than 40 million users. The Stingray Music service is distributed globally on TV, web, and mobile devices and provides ... Read More »

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U.S. border communities feel loss of Canadian tourists, shoppers and friends

By Kevin Bissett, The Canadian Press on August 3rd, 2020

FREDERICTON – The COVID-19 pandemic has put cross-border shopping trips and vacations on hold since March, and many American businesses along the border say they miss both the revenue and the familiar Canadian faces. Bill Kilby, manager of Hardwick’s Country Store in Calais, Maine, has seen a dramatic 90 per cent loss in revenue and ... Read More »

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Pompeo says Trump to take broad action on Chinese software

By Cathy Bussewitz, The Associated Press on August 2nd, 2020

NEW YORK – President Donald Trump plans to take action on a what he sees as a broad array of national security risks presented by software connected to the Chinese Communist Party, Secretary of State Mike Pompeo said Sunday. Pompeo’s remarks followed reports that Microsoft is in advanced talks to buy the U.S. operations of ... Read More »

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Trump says he’ll act to ban TikTok in US as soon as Saturday

By Kevin Freking And Zeke Miller, The Associated Press on July 31st, 2020

President Donald Trump says he will take action as soon as Saturday to ban Chinese-owned video app TikTok from the United States. Trump made the announcement to reporters Friday on Air Force One as he returned from Florida. “As far as TikTok is concerned, we’re banning them from the United States,” Trump said. U.S. lawmakers ... Read More »

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NordStar gets court approval for Torstar deal after request for appeal denied

By The Canadian Press on July 31st, 2020

TORONTO – An appeals court has paved the way for NordStar Capital LP to purchase newspaper publisher Torstar Corp. for $60 million. Divisional Court Justice Michael Penny rejected a request today from rival bidder Canadian Modern Media Holdings Inc. that would have prevented the deal from moving forward. CMMH had asked for a stay of ... Read More »

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Toronto’s main stock index falls more than 100 points on weak energy results

By The Canadian Press on July 31st, 2020

Toronto’s main stock index shed more than 100 points to close the trading week as it was dragged down by the energy sector despite a boost to the price of oil. The S&P/TSX composite index fell 130.09 points to 16,169.20, although it recovered somewhat from an intraday low of 16,060.58. “Some disappointing results in the ... Read More »

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Toronto’s main stock index falls more than 100 points on energy sector weakness

By The Canadian Press on July 31st, 2020

Toronto’s main stock index shed more than 100 points as it was dragged down by the energy sector despite a boost to the price of oil. The S&P/TSX composite index fell 130.09 points to 16,169.20. In New York, the Dow Jones industrial average gained 114.67 points to 26,428.32. The S&P 500 index advanced 24.90 points ... Read More »

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