January 19th, 2021

Business

S&P/TSX composite up in early trading to start the week, loonie trades lower

By The Canadian Press on January 18th, 2021

TORONTO – A broad-based rally helped Canada’s main stock index climb higher in early trading to start the week as the loonie moved lower. The S&P/TSX composite index was up 29.21 points at 17,938.24. U.S. stock markets are closed for Martin Luther King Jr. Day. The Canadian dollar traded for 78.29 cents US compared with ... Read More »

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Carmaker Stellantis shares jump in Milan, Paris on first day

By Colleen Barry, The Associated Press on January 18th, 2021

MILAN – Stellantis, the car company combining PSA Peugeot and Fiat Chrysler, was launched Monday on the Milan and Paris stock exchanges, giving life to the fourth-largest auto company in the world. Stellantis shares rallied 7.6% in Milan to 13.53 euros ($16.32). CEO Carlos Tavares said during a virtual bell-ringing ceremony that the merger creates ... Read More »

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CMHC reports annual pace of housing starts down in December

By The Canadian Press on January 18th, 2021

OTTAWA – Canada Mortgage and Housing Corp. says the annual pace of housing starts in December fell compared with November. CMHC says the monthly seasonally adjusted annual rate of housing starts for all areas in Canada, excluding Kelowna, B.C., fell 12.2 per cent in December from November. The December survey was not conducted in Kelowna ... Read More »

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Asia Today: Philippine cases hit 500K amid vaccine struggles

By The Associated Press on January 18th, 2021

MANILA, Philippines – Coronavirus infections in the Philippines have surged past 500,000 in a new bleak milestone with the government facing criticism for failing to immediately launch a vaccination program amid a global scramble for COVID-19 vaccines. The Department of Health reported 1,895 new infections Sunday, bringing confirmed coronavirus cases in the country to 500,577, ... Read More »

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TC Energy plans net zero emissions for Keystone XL even as project’s future in doubt

By The Canadian Press on January 18th, 2021

CALGARY – TC Energy Corp. has announced a plan for its Keystone XL project to achieve net zero emissions when it is placed into service, even as the future of the pipeline expansion appeared in doubt. Transition documents suggest Joe Biden will kill the controversial project as soon as Wednesday when he’s sworn in as ... Read More »

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EU gender pay gap still significant, warn trade unions

By The Associated Press on January 18th, 2021

BRUSSELS – Women in Europe doing jobs requiring the same skills as jobs done by men are still being paid significantly less, according to a study by the the European Trade Union Confederation (ETUC). The major trade union organization, which represents 45 million members in 38 European countries, compared wages in two countries from Western ... Read More »

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Upbeat entrepreneurs signal improved investment intentions for 2021: Survey

By The Canadian Press on January 18th, 2021

MONTREAL – A growing number of Canadian entrepreneurs say they plan to invest more in 2021 than they did last year as the vaccine rollout, improving cash flow and a quick rebound in some sectors buoys optimism for the year ahead. The findings of the Business Development Bank of Canada’s quarterly survey of 1,000 entrepreneurs ... Read More »

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12 workers trapped week ago in China mine blast are alive

By The Associated Press on January 18th, 2021

BEIJING – Chinese state media say 12 out of 22 workers trapped for a week by an explosion in a gold mine are alive, as hundreds of rescuers seek to bring them to safety. The Xinhua News Agency said Monday a note passed through a rescue shaft Sunday night reported the fate of the other ... Read More »

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N. Korea’s parliament rubber stamps new development plans

By Kim Tong-Hyung, The Associated Press on January 18th, 2021

SEOUL, Korea, Republic Of – North Korea’s rubber-stamp parliament has passed decisions made by a major ruling party meeting where leader Kim Jong Un vowed to bolster his nuclear deterrent and established plans to salvage the country’s battered economy. The North’s Korean Central News Agency said Monday that members of the Supreme People’s Assembly during ... Read More »

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Carmaker Stellantis shares buoyed in Milan, Paris on 1st day

By Colleen Barry, The Associated Press on January 18th, 2021

MILAN – Stellantis, the car company combining PSA Peugeot and Fiat Chrysler, was launched Monday on the Milan and Paris stock exchanges, giving life to the fourth-largest auto company in the world. Stellantis shares rose 2.5% in Milan in early trading to 13.18 euros ($15.91), recovering losses to Fiat Chrysler from Friday. CEO Carlos Tavares ... Read More »

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