Financing
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The Fed and ECB aim to avoid downturns but with limited ammo
ECB will buy 20 billion euros (US$22 billion) a month in government and corporate bonds; U.S. Fed is set to follow with its own stimulative move next week
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SMEs deliver election priorities to federal parties
The Canadian Federation of Independent Business is delivering nearly 9,000 signed letters to federal parties
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Supreme Court of Canada will not hear bread price fixing witness case
Documents allege the country’s largest bakery wholesalers and grocers conspired to artificially bake at least $1.50 into the price of bread and related products from 2001 up until as far as 2017
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Government of Canada invests in solutions to recycle fibreglass
Jeosal Materials Research Corp. will develop innovative solutions for recycling or reusing fibreglass
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3 Saskatchewan potash mines face short fall shutdown, workers laid off: Nutrien
The production downturn is due to what Nutrien calls a short-term slowdown in global potash markets
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Hudson’s Bay Co. reports $984M second quarter loss, $1.9B in revenue
The company’s results came as it evaluates an offer by a group led by HBC chairman Richard Baker to buy the retailer and take it private
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Chinese buyers asking about U.S. soy, pork before trade talks
The gestures appear meant to reduce tensions ahead of the October negotiations over trade and technology
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Transat AT reports $11M loss as it works to complete Air Canada deal
The Montreal-based travel company’s shareholders voted last month to approve the takeover of the company by Air Canada
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Ferrovial appeals decision on SNC Lavalin’s sale of stake in 407 toll road
SNC-Lavalin says even if the decision were reversed on appeal, Cintra and the pension board have agreed the transaction would not be
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Top Ontario judges criticize Ford government’s cuts to legal aid
The province is reducing funding to Legal Aid Ontario by 30 per cent, meaning it will receive $133 million less in this fiscal year
