October 1st, 2020

Business

Ontario Cannabis Store appoints Thomas Haig as interim president and CEO

By The Canadian Press on September 28th, 2020

TORONTO – The Ontario Cannabis Store says Thomas Haig has been appointed interim president and chief executive. The provincial pot distributor says Haig was chosen because of his experience in retail and logistics that he earned while in key positions at Hudson’s Bay Co., Zellers, Giant Tiger and Danier. Haig succeeds Cal Bricker, who took ... Read More »

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Most actively traded companies on the Toronto Stock Exchange

By The Canadian Press on September 28th, 2020

TORONTO – Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (16,242.81, up 177.46 points.) Just Energy Group Inc. (TSX:JE). Energy. Down 8.5 cents, or 18.28 per cent, to 38 cents on 17.1 million shares. Bank of Nova Scotia. (TSX:BNS). Financials. Up $1.51, or 2.77 per cent, to ... Read More »

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Trump went even further than other uber-rich to shrink taxes

By Paul Wiseman And Marcy Gordon, The Associated Press on September 28th, 2020

WASHINGTON – The tax-avoidance strategies that President Donald Trump capitalized on to shrink his tax bill to essentially zero are surprisingly common among major real estate developers and other uber-wealthy Americans. Yet Trump characteristically pushed those strategies to the limit, perhaps to the breaking point. So say tax experts in the wake of a New ... Read More »

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North American stock markets rise on hope of new U.S. stimulus and good news in China

By The Canadian Press on September 28th, 2020

TORONTO – North American stock markets started the week higher on positive economic signs out of China and renewed optimism for another U.S. stimulus package. The S&P/TSX composite index closed up 177.46 points at 16,242.81. In New York, the Dow Jones industrial average was up 410.10 points at 27,584.06. The S&P 500 index was up ... Read More »

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Cybersecurity poll finds 84% rethink engaging with businesses hit by data breach

By David Paddon, The Canadian Press on September 28th, 2020

TORONTO – A large majority of Canadians are reluctant to do business with companies that suffer a data breach, according to a new study released Monday by KPMG.. The report also says about one-quarter of the people surveyed for the report have had their login credentials stolen from a trusted site. The consulting firm’s report ... Read More »

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Provigo ground beef sold in Gatineau recalled over E. coli concerns: CFIA

By The Canadian Press on September 28th, 2020

OTTAWA – The Canadian Food Inspection Agency says JBS Food Canada is recalling some Provigo ground beef products due to possible E. coli contamination. The CFIA says the products impacted by the recall are club packs of medium ground beef or fresh lean ground beef with best before dates ranging from Sept. 16 to 18. ... Read More »

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Claims company say ‘contact airline first’ clause deprives passengers of compensation

By The Canadian Press on September 28th, 2020

MONTREAL – A passenger rights company is calling on the country’s transportation regulator to take a stand against airlines that bar travellers from engaging a third party to seek compensation until their claims have already been rejected. So called “contact airline first” clauses stipulate that passengers seeking compensation must initially contact the airline themselves, rather ... Read More »

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Pandemic-related delays help push up costs of Muskrat Falls project by $435M

By The Canadian Press on September 28th, 2020

ST. JOHN’S, N.L. – Delays related to software problems and to the COVID-19 pandemic are pushing up the cost of the Muskrat Falls hydroelectric project by $435 million. Province-owned Nalcor Energy said today in a news release the project needs another $75 million in capital due to pandemic-related days. Nalcor adds that because of those ... Read More »

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Cleveland-Cliffs buys ArcelorMittal’s US business for $1.4b

By The Associated Press on September 28th, 2020

Cleveland-Cliffs is making its second billion-dollar acquisition in less than a year with the purchase of steel maker ArcelorMittal’s U.S. business for about $1.4 billion in cash and stock. About a third of the deal will be an up front cash payment of about $505 million, the companies said Monday. ArcelorMittal, based in Luxembourg, will ... Read More »

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Healthy US economy failed to narrow racial gaps in 2019

By Christopher Rugaber, The Associated Press on September 28th, 2020

WASHINGTON – The solid growth that the United States enjoyed before the viral pandemic paralyzed the economy this spring failed to reduce racial disparities in Americans’ income and wealth from 2016 through 2019, according to a Federal Reserve report Monday. Though Black and Hispanic households reported sharper gains in wealth than white households did, those ... Read More »

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