Insurer Intact Financial reports $421 million in catastrophe losses in second quarter
By The Canadian Press on July 10th, 2023
TORONTO – Intact Financial Corp. estimates its catastrophe losses for the second quarter were around $421 million on a pre-tax basis. The property and casualty insurer says in a news release the loss amounted to $1.79 per share after tax. Intact says nearly half of the $252 million losses from Canada were attributable to wildfires, ... Read More »
Be the first to comment!James Lewis, the suspect in the 1982 Tylenol poisonings that killed 7 in the Chicago area, has died
By Mark Pratt, The Associated Press on July 10th, 2023
CAMBRIDGE, Mass. – The suspect in the 1982 Tylenol poisonings that killed seven people in the Chicago area, triggered a nationwide panic, and led to an overhaul in the safety of over-the-counter medication packaging, has died, police said on Monday. Officers, firefighters and EMTs responding to a report of an unresponsive person at about 4 ... Read More »
Be the first to comment!Dollarama chief financial officer J.P. Towner stepping down in coming months
By The Canadian Press on July 10th, 2023
MONTREAL – Dollarama Inc.’s chief financial officer will be stepping down from his position in the coming months to pursue another career opportunity. The company says J.P. Towner will remain in his role to ensure a smooth transition, including as the company reports its second-quarter earnings. In a news release Monday, the company says it ... Read More »
Be the first to comment!S&P/TSX composite ticks lower as telecom and utility stocks pull back, U.S. stocks up
By The Canadian Press on July 10th, 2023
TORONTO – Canada’s main stock index ticked lower Monday, weighed down by losses in telecom and utility stocks, while U.S. stock markets rose. The S&P/TSX composite index was down 8.59 points at 19,822.45. In New York, the Dow Jones industrial average was up 209.52 points at 33,944.40. The S&P 500 index was up 10.58 points ... Read More »
Be the first to comment!Stock market today: Wall Street edges higher ahead of updates on inflation, profits
By Stan Choe, The Associated Press on July 10th, 2023
NEW YORK (AP) – Stocks drifted higher on Wall Street ahead of a week with updates on where inflation and corporate profits are heading. The S&P 500 rose 0.2% Monday, coming off just its second losing week in the last eight. The Dow added 0.6% and the Nasdaq rose 0.2%. This week will offer the ... Read More »
Be the first to comment!Postmedia, Toronto Star owner Nordstar end their merger discussions
By The Canadian Press on July 10th, 2023
TORONTO – Canadian media companies Postmedia Network Canada Corp. and Nordstar Capital LP, the company that owns the Toronto Star, have ended discussions about a potential merger, saying they were unable to come to an agreement. Both companies issued press releases disclosing the change, with Torstar Corp., noting that the added backdrop of regulatory and ... Read More »
Be the first to comment!Canadian Press NewsAlert: Postmedia, Toronto Star owner Nordstar end merger talks
By The Canadian Press on July 10th, 2023
TORONTO – Canadian media companies Postmedia Network Canada Corp. and Nordstar Capital LP, the company that owns the Toronto Star, have ended discussions about a potential merger, saying they were unable to come to an agreement. More coming... Read More »
Be the first to comment!Governments need to remove interprovincial trade barriers: CFIB
By The Canadian Press on July 10th, 2023
TORONTO – The Canadian Federation of Independent Business says Canada’s governments need to remove interprovincial trade barriers on labour, services and products like alcohol and meat. The association’s 2023 report on interprovincial co-operation says 88 per cent of small business owners believe it’s crucial for governments to prioritize removing barriers that prevent the flow of ... Read More »
1 responseJames Lewis, suspect in Tylenol poisonings that killed 7 people in the Chicago area in 1982, dead
By The Associated Press on July 10th, 2023
CAMBRIDGE, Mass. (AP) – The suspect in the 1982 Tylenol poisonings that killed seven people in the Chicago area and triggered a nationwide scare has died, police confirmed on Monday. Officers, firefighters and EMTs responding to a report of unresponsive person about 4 p.m. Sunday found James Lewis dead in his Cambridge, Massachusetts, home, Cambridge ... Read More »
1 responseFerry between P.E.I., N.S. to resume after vessel pulled during peak tourism season
By The Canadian Press on July 10th, 2023
CHARLOTTETOWN – The company operating the ferry between Prince Edward Island and Nova Scotia says service is set to resume today after the vessel was pulled from the water twice since mid-June. Northumberland Ferries said in a news release the mechanical issue plaguing the MV Confederation was resolved over the weekend. The vessel was removed ... Read More »
1 responseS&P/TSX composite down as telecom and utility stocks pull back, U.S. stocks mixed
By The Canadian Press on July 10th, 2023
TORONTO – Canada’s main stock index was lower in late-morning trading, weighed down by losses in the telecom and utility stocks, while U.S. stock markets were mixed to start the trading week. The S&P/TSX composite index was down 24.93 points at 19,806.11. In New York, the Dow Jones industrial average was up 102.31 points at ... Read More »
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