More corporate meetings to go virtual after success during pandemic

More corporate meetings to go virtual after success during pandemic
CALGARY — Any shareholder who’s ever endured hours of travel to attend a company’s annual meeting is in for good news in the wake of the COVID-19 pandemic. Experts say the success of AGMs taken virtual this year will likely translate into more options for online and teleconference participation at future events — provided that some technical bugs can be ironed out and... Read More

Tech sector drives U.S. markets higher after best four months in a decade

Tech sector drives U.S. markets higher after best four months in a decade
TORONTO — The continuing strength of the tech sector powered U.S. stock markets higher in the start of trading in August after they concluded the best four months in a decade. The S&P 500 reached its loftiest level since February while the Nasdaq composite set another all-time record. In New York, the Dow Jones industrial average closed up 236.08 points at 26,664.40. The S&P 500... Read More

US manufacturing shows further improvement in July

US manufacturing shows further improvement in July
WASHINGTON — U.S. manufacturing improved again in July with a key gauge of activity rising for a second straight month. The Institute for Supply Management, an association of purchasing managers, said Monday that its manufacturing index rose to 54.2 last month, up from a June reading of 52.6. Any reading above 50 signas that U.S. manufacturing is expanding. The June... Read More

U.S. border communities feel loss of Canadian tourists, shoppers and friends

U.S. border communities feel loss of Canadian tourists, shoppers and friends
FREDERICTON — The COVID-19 pandemic has put cross-border shopping trips and vacations on hold since March, and many American businesses along the border say they miss both the revenue and the familiar Canadian faces. Bill Kilby, manager of Hardwick’s Country Store in Calais, Maine, has seen a dramatic 90 per cent loss in revenue and had to lay off 10 employees.... Read More

Stingray Music adds Comcast Xfinity, five other U.S. platforms as partners

Stingray Music adds Comcast Xfinity, five other U.S. platforms as partners
MONTREAL — Stingray Group Inc. is expanding the reach of its music service through new partnerships with six U.S. platforms, including Comcast’s Xfinity. The Montreal-based company says the distribution agreements grow Stingray’s potential reach by more than 40 million users. The Stingray Music service is distributed globally on TV, web, and mobile devices and provides content from specific time periods and... Read More

U.S. stock markets move higher to start August; gold briefly surpasses US$2,000

U.S. stock markets move higher to start August; gold briefly surpasses US$2,000
TORONTO — U.S. stock markets started the month higher as the price of gold briefly surpassed US$2,000 an ounce. In New York, the Dow Jones industrial average was up 118.61 points at 26,546.93. The S&P 500 index was up 18.14 points at 3,289.26, while the Nasdaq composite was up 113.36 points at 10,856.90. The S&P/TSX composite index was closed due to the... Read More