The Canadian dollar continues to experience record highs as retail sales were reported strong today. The loonie was pushed up 0.88 of a cent to 96.39 US cents today. The dollar has risen 10.8 percent this year, and is currently at its highest levels since May 1977.
The strong dollar, a blowout May retail sales report, […]
Amazon.com Inc. reported quarterly net profit today, which rose an astonishing 250 percent, as sales in its home market jumped. Consequently, shares were sent up nearly 13 percent. It was indeed an amazing performance.
Net income in the second quarter rose to $78 million, or 19 cents per share, compared with $22 million, or 5 cents […]
Vancouver’s civic strike of 1,800 outside workers escalated Monday. At about 8 a.m., 2,500 inside workers (CUPE 15 members) took to the picket lines across 124 city sites. Later in the day, almost 800 librarians also poised to walk off the job.
The strike revokes the ability to run city fitness centers, pools, rinks, day camps, […]
Canada’s Department of National Defense hit the news Monday as accused Paul Champagne pleaded guilty to fraud and breach of trust. During his term as bureaucrat, a course of nearly a decade, Champagne had funneled more than $100 million into his controlled bank accounts.
Champagne’s scheme was complicated, and it built over time. He supposedly saved […]
Shares of AMR Corp., parent company of American Airlines, rose more than 7 percent Monday on the basis of possible, but persistent takeover of the company.
American was among several US airlines, earlier this year, said to have been looking for merger partners. There were also speculations of major airlines like American, to be potential […]