January 15th, 2021

Business

Boeing deliveries drop despite 737 Max’s return to flight

By The Associated Press on January 12th, 2021

Boeing Co. got a bump in orders and deliveries of new planes in December, but it wasn’t enough to salvage a poor year for the big aircraft maker. Chicago-based Boeing still reported more cancellations than new orders for its 737 Max jet, which was grounded for 21 months after crashes in Indonesia and Ethiopia killed ... Read More »

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Alimentation Couche-Tard confirms interest in buying French-based grocery chain

By The Canadian Press on January 12th, 2021

LAVAL, Que. – Convenience store giant Alimentation Couche-Tard is confirming its interest in acquiring France-based grocery chain Carrefour SA. Couche-Tard says terms of a deal are still subject to negotiation and there is no certainty that exploratory talks will result in a transaction. Founded more than 60 years ago, Carrefour operates nearly 13,000 hypermarkets, supermarkets ... Read More »

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Transat AT board reaffirms support for takeover by Air Canada, clarifies Peladeau bid

By The Canadian Press on January 12th, 2021

MONTREAL – Transat AT has reconfirmed its unanimous support for its proposed acquisition by Air Canada while issuing a clarification about a proposal from telecom owner Pierre Karl Peladeau. The Montreal-based tour company says the deal with Air Canada that was overwhelmingly supported by shareholders on Dec. 15 and received court approval is in the ... Read More »

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Sheldon Adelson, casino mogul and GOP donor, dies at 87

By Michelle L. Price, The Associated Press on January 12th, 2021

LAS VEGAS – Sheldon Adelson, who rose from a modest start as the son of an immigrant taxi driver to become a billionaire Republican powerbroker with a casino empire and influence on international politics, has died. He was 87. Adelson died from complications related to treatment for non-Hodgkin’s lymphoma, Las Vegas Sands announced Tuesday. The ... Read More »

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Toronto market rebounds slightly as crude oil prices hit 11-month high

By The Canadian Press on January 12th, 2021

TORONTO – Canada’s main stock index climbed slightly higher, helped by gains in the energy sector as the price of oil hit its highest level in 11 months. The S&P/TSX composite index closed up 51.35 points to 17,985.80. In New York, the Dow Jones industrial average was up 60.00 points at 31,068.69. The S&P 500 ... Read More »

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Business group slams new Ontario retail rule, others laud expanded COVID-19 tests

By The Canadian Press on January 12th, 2021

TORONTO – The Canadian Federation of Independent Business has slammed new provincial lockdown rules in Ontario, saying they are unfair to small businesses. For the 28 days beginning this Thursday, Ontario’s non-essential retail stores can only open between 7 a.m. and 8 p.m. – after provincial officials released models today suggesting that without new restrictions, ... Read More »

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Starbucks says closure of up to 300 stores in Canada to be completed by end of March

By The Canadian Press on January 12th, 2021

TORONTO – Starbucks says its plan to close up to 300 coffee shops across Canada will be complete by the end of March. The Seattle-based coffeehouse and roastery chain announced the acceleration of its five-year “transformation strategy” last year as it responded to changes in consumer habits during the COVID-19 pandemic. In a statement on ... Read More »

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N.L.’s growing demographic troubles lie behind cancelled seniors’ tax discount

By The Canadian Press on January 12th, 2021

APPLETON, N.L. – Newfoundland and Labrador’s aging population has turned a seniors’ discount on property taxes into a financial burden for the tiny town of Appleton. Town Mayor Garrett Watton says when he was elected three and a half years ago, Appleton’s ten per cent discount offered to its senior citizens meant the municipality absorbed ... Read More »

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Corus Entertainment forecasts recovery despite weaker results in first quarter

By The Canadian Press on January 12th, 2021

TORONTO – Corus Entertainment Inc. expects to post a recovery later in 2021 after beating analyst expectations in the first quarter despite lower profits and revenues. “Our team is making meaningful progress on the disciplined execution of our strategic plan, which is designed to get us to consolidated revenue growth year-over-year-over-year,” CEO Doug Murphy said ... Read More »

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GM charges up new unit to sell electric delivery vans, gear

By Tom Krisher, The Associated Press on January 12th, 2021

DETROIT – The market for battery-powered delivery vehicles and equipment has so much potential that General Motors is forming a new business unit to serve it. The first product for the new venture called BrightDrop will be an electric-powered wheeled pallet that will take goods from the warehouse to trucks and from trucks to destinations. ... Read More »

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