April 17th, 2021

Business

Housing advocates eye federal budget for aid to urban Indigenous providers

By The Canadian Press on April 14th, 2021

OTTAWA – The Trudeau Liberals have told stakeholders in the affordable-housing sector to look for funding in next week’s budget to help expand the stock of units for Indigenous people in urban centres. Going back to the 2019 election, the Liberals have spoken about funding for urban Indigenous housing providers as the missing piece of ... Read More »

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Women still underrepresented in boardrooms despite ‘comply-or-explain’ rule: study

By The Canadian Press on April 14th, 2021

A study by an Ottawa think tank has found that women remain underrepresented in boardrooms of Canadian companies listed on the Toronto Stock Exchange, despite the 2015 introduction of disclosure requirements intended to boost their numbers. The Conference Board of Canada says that while there is some progress in the proportion of women on corporate ... Read More »

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Amazon claims social network Parler trying to conceal owners

By The Associated Press on April 14th, 2021

SEATTLE – Amazon has accused Parler, the social network known as a conservative alternative to Twitter, of trying to conceal its ownership amid a legal dispute between Amazon and Parler stemming from the U.S. Capitol riots. Angelo Calfo, an attorney representing Parler, disputed Amazon’s claim and argued that the burden was on Amazon to prove ... Read More »

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Energy and base metals sectors help lift S&P/TSX composite, U.S. stock markets mixed

By The Canadian Press on April 14th, 2021

TORONTO – Strength in the energy and base metals sectors helped lift Canada’s main stock index higher in late-morning, while the price of oil climbed higher. The S&P/TSX composite index was up 74.36 points at 19,278.06. In New York, the Dow Jones industrial average was down 32.17 points at 13,963.93. The S&P 500 index was ... Read More »

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Ponzi schemer Bernie Madoff dies in prison at 82

By Michael Balsamo And Tom Hays, The Associated Press on April 14th, 2021

NEW YORK – Bernard Madoff, the infamous architect of an epic securities swindle that burned thousands of investors, outfoxed regulators and earned him a 150-year prison term, died in a federal prison early Wednesday. He was 82. Madoff’s death at the Federal Medical Center in Butner, North Carolina, was confirmed by his lawyer and the ... Read More »

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Higher expenses offset Cogeco’s Q2 revenue growth for a decline in net profit

By The Canadian Press on April 14th, 2021

MONTREAL – Cogeco Inc. says its second-quarter net profit was $110.2 million, down from a year ago, as higher financial and income tax expenses offset revenue gains at its main subsidiary. The Montreal-based company, which successfully fended off a hostile takeover attempt by Rogers Communications Inc. last year, says its net profit for the three ... Read More »

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TRREB to drop ‘master’ bedroom term, replace with ‘primary’ in coming months

By The Canadian Press on April 14th, 2021

TORONTO – Greater Toronto Area home hunters will soon spot a change to the property listings they browse. The Toronto Regional Real Estate Board’s president Lisa Patel says it will use the word “primary” in place of “master,” when referencing the main or principal bedrooms in homes in the coming months. The word “master” is ... Read More »

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ATS Automation Tooling Systems buying U.S. company BioDot for $106 million

By The Canadian Press on April 14th, 2021

CAMBRIDGE, Ont. – ATS Automation Tooling Systems Inc. has signed a deal to buy U.S. company BioDot Inc., a manufacturer of automated fluid dispensing systems, for $106 million. California-based BioDot was founded in 1994 and makes non-contact and quantitative fluid dispensing systems. The company employs 94 people spread across its two U.S. manufacturing facilities and ... Read More »

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North American stock markets up in early trading, price of oil climbs higher

By The Canadian Press on April 14th, 2021

TORONTO – North American stock markets were up in early trading, while the price of oil also climbed higher. The S&P/TSX composite index was up 81.26 points at 19,284.96. In New York, the Dow Jones industrial average was up 84.53 points at 33,761.80. The S&P 500 index was up 2.72 points at 4,144.31, while the ... Read More »

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AP source: Ponzi schemer Bernie Madoff dies in prison

By Michael Balsamo, The Associated Press on April 14th, 2021

NEW YORK – Bernie Madoff, the financier who pleaded guilty to orchestrating the largest Ponzi scheme in history, has died in a federal prison, a person familiar with the matter told The Associated Press on Wednesday. Madoff died at the Federal Medical Center in Butner, North Carolina, apparently from natural causes, the person said. The ... Read More »

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