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Prep Business Report – CP

by ahnationtalk on November 16, 201829 Views

Source: The Canadian Press – Broadcast wire
Nov 16, 2018

Health care, technology and the key materials and industrials sectors closed higher Thursday, helping to boost North American stock markets.

The S&P/TSX composite index gained 11.76 points to 15,144.88.

In New York, the Dow Jones industrial average jumped 208.77 points to 25,289.27.

The S&P 500 index saw an increase of 28.62 points at 2,730.20, while the Nasdaq composite climbed 122.64 points to 7,259.03.

Tokyo’s Nikkei index dropped 123.28 points to 21,680.34.

Hong Kong’s Hang Seng index increased by 80.19 points to 26, 183.53.

And our dollar is trading overseas this morning at 75.97 cents U-S, up 22-100ths of a U-S cent from yesterday’s close of 75.75 . (The Canadian Press)

(World Markets)

Shares were mixed in Asia on revived concerns over the prospects for a breakthrough in trade tensions between the U-S and China.

Shares in Southeast Asia were mostly higher.

South Korea’s Kospi was up 0.21 per cent to 2,092.40.

The Shanghai Composite Index gained 0.41 per cent to 2,679.11.

Australia’s S&P/ASX 200 dipped 0.1 per cent to 5,730.60. (The Associated Press)

(Ontario-Cannabis-Retail)

The Ontario government says a cannabis retail licence will not be issued to a corporation if more than 9.9 per cent of it is owned or controlled by one or more licensed marijuana producers or their affiliates.

The province’s new pot retail regulations also stipulate that this restriction applies whether the pot producer’s ownership of the corporation is direct or indirect.

The detailed rules released Thursday shed more light on the province’s private cannabis retail framework and deals a blow to licensed producers, some of which have purchased stakes in retail. (The Canadian Press)

(Bombardier-Exec-Stocks)

Quebec’s financial market regulator is reviewing Bombardier executive compensation plan, calling on the transportation giant to suspend all related trades just hours after Quebec’s premier expressed lukewarm hopes about the future of the beleaguered company’s commercial aerospace operations.

The Autorite des marches financiers is reviewing how the plane-and-train maker implemented its Automatic Stock Disposition Plan, rolled out last August.

The plan allows some senior executives to sell their vested shares as an added incentive in performance-based compensation — as long as the trades are made by independent securities brokers and in line with “pre-arranged instructions” and parameters. (The Associated Press)

(CO-Meat-Producer-Labor-Allegations)

The American branch of the world’s largest meat producer will pay four-million dollars in back wages and other monetary relief as part of a consent decree settling allegations by federal labour officials.

The U-S Department of Labor claimed in two actions that J-B-S U-S-A discriminated based on race and gender against applicants for labourer positions at its facilities in Hyrum, Utah, and Cactus, Texas.

The company has agreed to pay 12,625 class members at those facilities and hire 1,664 of the applicants, as well as retain an independent workplace consultant to review and revise its hiring process. (The Associated Press)

(Australia-India-Sugar)

Australia is referring India to the World Trade Organization over subsidies it pays its sugar cane farmers, which Australia says creates a surplus that’s affecting its own farmers.

Trade Minister Simon Birmingham says Australia made the W-T-O referral after previously raising concerns with India over what Canberra says are more than 725-million-dollars in subsidies paid to Indian farmers.

Birmingham says while the case may take a long time to be resolved, he hopes it will prompt India to changes its mind on the subsidies.

Initial discussions on Australia’s case would take place at the W-T-O’s Committee on Agriculture meeting later this month. (The Associated Press)

(The Canadian Press)

INDEX: NATIONAL BUSINESS

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