Michael Cohen settles his lawsuit against the Trump Organization over unpaid legal bills
By Larry Neumeister And Jennifer Peltz, The Associated Press on July 21st, 2023
NEW YORK (AP) – Donald Trump’s company and his former longtime lawyer and fixer Michael Cohen have settled a lawsuit over Cohen’s claims that he was unfairly stuck with big legal bills after getting entangled in investigations into the former president. Lawyers for the two sides told the judge they had reached a settlement during ... Read More »
Be the first to comment!S&P/TSX composite up more than 100 points, U.S. markets also rise
By The Canadian Press on July 21st, 2023
TORONTO – Strength in the industry, telecommunications and energy stocks helped Canada’s main stock index gain more than 100 points in late-morning trading, while U.S. stock markets also posted gains. The S&P/TSX composite index was up 105.40 points at 20,542.27. In New York, the Dow Jones industrial average was up 79.10 points at 35,304.28. The ... Read More »
Be the first to comment!Statistics Canada says retail sales up 0.2% to $66 billion in May
By The Canadian Press on July 21st, 2023
OTTAWA – Statistics Canada says retail sales rose 0.2 per cent to $66.0 billion in May, helped by gains at new car dealers and grocery stores. However, the figure fell short of the agency’s early estimate for May released last month that forecasted a gain of 0.5 per cent. Its early estimate for June suggests ... Read More »
Be the first to comment!U.K. regulator reviewing plan to address concerns with Uni-Select-LKQ deal
By The Canadian Press on July 21st, 2023
MONTREAL – The competition regulator in Britain has raised concerns about LKQ Corp.’s agreement to buy Canadian company Uni-Select Inc. and is reviewing a plan put forth by the companies to address its issues. The Competition and Markets Authority says its investigation found that the merger could reduce competition in the supply of car parts, ... Read More »
Be the first to comment!Uncertainty at B.C. ports continues as possible deal emerges in labour dispute
By The Canadian Press on July 21st, 2023
VANCOUVER – The uncertainty at British Columbia ports persists as a union local for workers says that a tentative agreement has been reached between a union bargaining committee and employers, the latest development in a tumultuous week in the high-stakes labour dispute. A statement on the website of the International Longshore and Warehouse Union Canada ... Read More »
Be the first to comment!Feeling blue? Bell Canada seeks to trademark ‘Bell Blue’ signature colour
By Sammy Hudes, The Canadian Press on July 21st, 2023
TORONTO – Customers may recognize the medium dark shade of cyan-blue from the logo at the top of their monthly phone and internet bill, or from a billboard advertising the latest new television program airing soon. To painters, it may simply be known as Pantone 301. But Bell Canada is hoping to formalize it as ... Read More »
Be the first to comment!S&P/TSX composite down Thursday as tech stocks fall, U.S. stocks mixed
By The Canadian Press on July 20th, 2023
TORONTO – Losses in technology stocks helped lead Canada’s main stock index lower Thursday, while U.S. stock markets were mixed. The S&P/TSX composite index was down 54.30 points at 20,436.87. In New York, the Dow Jones industrial average was up 163.97 points at 35,225.18. The S&P 500 index was down 30.85 points at 4,534.87,while the ... Read More »
Be the first to comment!Stock market today: Wall Street’s rally fades after Tesla and Netflix fall
By Stan Choe, The Associated Press on July 20th, 2023
NEW YORK (AP) – Drops for Tesla, Netflix and other big tech-oriented stocks are clamping the brakes on Wall Street’s torrid rally. The S&P 500 fell 0.7% Thursday, coming off its highest close since early April 2022 and its seventh gain in the last eight days. The Nasdaq lost 2.1%, its biggest drop in more ... Read More »
Be the first to comment!Consumer spending to soften in second half of 2023 as higher rates bite: experts
By Rosa Saba, The Canadian Press on July 20th, 2023
Consumer spending is expected to cool in the third quarter as interest rate hikes continue to work their way through the economy, experts said. “We do expect that consumers will be under increasing strain, particularly those folks that are borrowing,” said Stephen Tapp, chief economist at the Canadian Chamber of Commerce. “They have to service ... Read More »
Be the first to comment!Trudeau ‘dismayed’ at B.C. port union’s ‘unacceptable’ decision to reject deal
By The Canadian Press on July 20th, 2023
VANCOUVER – Prime Minister Justin Trudeau says the federal government is “dismayed” that an agreement to end the job action at British Columbia’s ports was rejected by the longshore union leadership. Trudeau says the union caucus’ decision to reject a federal mediator’s tentative deal that was agreed to at the bargaining table is “unacceptable.” The ... Read More »
Be the first to comment!Tens of thousands of Canadian moviegoers bought ‘Barbenheimer’ tickets: Cineplex
By The Canadian Press on July 20th, 2023
Cineplex says the “Barbenheimer” phenomenon is taking hold in Canada, with nearly 345,000 advance tickets purchased for two of the biggest Hollywood movie releases of the year. Canada’s largest movie theatre chain says it’s no surprise that moviegoers are eager to see Christopher Nolan’s “Oppenheimer,” and Greta Gerwig’s “Barbie” – two very different but equally ... Read More »
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