Facebook bans far-right Proud Boys after violent clash
Extremist group and its founder, Gavin McInnis, to lose main recruiting tool Facebook Inc. has started banning pages affiliated with the Proud Boys, a far-right extremist group that was involved in a violent brawl in New York City earlier this month. Business Insider first reported late Tuesday that the Proud Boys and founder Gavin McInnis […]
Dollar defends gains thanks to China trade deal optimism
Dollar traders rode a wave of confidence on Tuesday after President Donald Trump’s positive assessment of a possible trade deal with China. Otherwise, investors digested mixed European economic data, including a disappointing third-quarter GDP reading and faster-than-expected German consumer price inflation. Initially, the preliminary eurozone GDP numbers—reading 1.7% year-over-year in the third quarter, versus consensus […]
World worries over tariffs
World markets are mixed after U.S. President Donald Trump said he might impose more tariffs on Chinese goods, though he was ready to strike a “great deal” with Beijing over trade. KEEPING SCORE: In Europe, Britain’s FTSE 100 added 0.2 per cent to 7,037.82, but Germany’s DAX fell 0.7 per cent to 11,256.02 and the […]
Markets up, loonie lower
The industrials sector helped Canada’s main stock index edge up in late-morning trading, while U.S. markets also traded higher following solid earnings from several big U.S. companies. The S&P/TSX composite index was up 22.57 points at 14,744.32. In New York, the Dow Jones industrial average was up 151.85 points at 24,594.77. The S&P 500 index […]
Energy giant doubles profit
Energy giant BP says third-quarter earnings more than doubled as it reaped the benefits of higher oil prices and streamlined operations. Underlying replacement cost profit jumped to $3.84 billion, the highest quarterly figure in five years, from $1.87 billion in the same quarter last year. The figure, which excludes one-time items and fluctuations in the […]
CN Rail buying TransX
Canadian National Railway Co. has signed a deal to acquire the Winnipeg-based TransX Group of Companies. Financial terms of the deal for the privately owned trucking firm were not disclosed. CN chief executive JJ Ruest says the deal will help strengthen the company’s intermodal business, notably the refrigerated segment. The companies say TransX will continue […]