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Canadian Press

Thu, May 23rd, 2019
Business Highlights


Trump mulls bypassing Congress on Saudi arms sales

WASHINGTON — U.S. officials say the Trump administration is considering an emergency declaration that would allow it to make a new arms shipment to Saudi Arabia without the approval of Congress.

Pot backers ask Maine to put locals, small businesses first

PORTLAND, Maine — Marijuana enthusiasts in Maine used a public hearing Thursday to implore the state to protect the small businesses and growers they think should make up the backbone of its budding...

CMHC defends mortgage stress test changes amid calls for loosening rules

OTTAWA — The Canada Mortgage and Housing Corporation is defending the mortgage stress test amid calls for the measure to be changed.

Netflix isn't absent at Cannes. It's everywhere.

CANNES, France — If you're going to earnestly shout "Vive le cinema!" the Cannes Film Festival is the place to do it.

Julian Castro joins McDonald's strikers in North Carolina

DURHAM, N.C. — Democratic presidential contender Julian Castro joined a march to a McDonald's restaurant in North Carolina on Thursday to draw attention to workers' efforts to raise the minimum wage...

Senate passes bill meant to combat robocalls

The U.S. Senate has passed a bill that aims to combat the illegal robocalls torturing Americans .

Trump admin sending another $16 billion to ailing farmers

WASHINGTON — President Donald Trump is delivering another $16 billion in aid to farmers hurt by his trade policies, an effort to relieve the economic pain among his supporters in rural America.

Judge questions secrecy in Chemours lawsuit against DuPont

WILMINGTON, Del. — A Delaware judge is chastising attorneys over secrecy related to a dispute between chemical manufacturer Chemours and DuPont Co., which spun off the company in 2015.

US sanctions Argentina-based online pharmacy

WASHINGTON — The United States on Thursday designated the Argentina-based online pharmacy Goldpharma and eight Argentine citizens as significant foreign narcotics traffickers.

Markets Right Now: Stocks tumble on trade fears; oil down 5%

NEW YORK — The latest on developments in financial markets (all times local):

Facebook removes 3B fake accounts, but how many missed?

SAN FRANCISCO — Facebook removed more than 3 billion fake accounts from October to March, twice as many as the previous six months, the company said Thursday.

Cuba tries to revive its once-great railway network

HAVANA — Cuba's railway system is undergoing a major overhaul, with the government pushing a program to revamp the decrepit and aging network with new cars and locomotives in the hope of restoring a...

Bank CEO charged with trying to trade loans for Trump post

NEW YORK — A banker who prosecutors say tried to buy himself a senior post in President Donald Trump's administration by making risky loans to former Trump campaign chairman Paul Manafort was arrested...

Older Americans more likely to cite workplace discrimination

CHICAGO — A poll by The Associated Press-NORC Center for Public Affairs Research says about half of Americans think there's age discrimination in the workplace.

Mexico official says former Pemex chief was sanctioned

MEXICO CITY — A former executive at Mexico's state-owned oil company who was sanctioned this week by the comptroller's office has been identified as Pemex's former director Emilio Lozoya by the head...

Stocks tumble on trade war anxiety; Dow down as much as 400

NEW YORK — Stocks tumbled Thursday on Wall Street as investors' anxiety over the U.S. trade spat with China increased and put the market on track for its third straight week of losses.

Donor-advised fund can be used to establish charitable legacy, experts say

OTTAWA — Millions of Canadians dig into their wallets and donate to charities every year, but if you want to build a lasting charitable legacy, experts say a donor-advised fund might be for you.

Wholesale trade climbs 1.4 per cent to $64.1B in March, beats expectations

OTTAWA — Statistics Canada says wholesale sales rose 1.4 per cent to $64.1 billion in March.

India's ruling party claims win with assured lead in votes

NEW DELHI — Indian Prime Minister Narendra Modi's party claimed it had won reelection with a commanding lead in Thursday's vote count, while the stock market soared in anticipation of another five-year...

Chart of the Day

Cubesmart (CUBE)

The Barchart Chart of the Day belongs to the self storage unit REIT CubeSmart(CUBE). I found the stock by sorting Barchart's Top Stocks to Own list by the most frequent number of new highs in the last month, ten used the Flipchart feature to rev...
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