Markets
Canadian Tire buying Party City for $174M
Allan MacDonald, executive vice-president of Canadian Tire Corporation (CTC), said the acquiring of Party City broadens the reach the company already has for Canadians. In May, Party City' CEO James Harrison said that 45 locations in the USA would be shuttering, which he said "completely unrelated to the global helium issue". [Full Article...]
United Kingdom blackout leaves almost one million people without electricity
U.K. Power Networks, which owns and maintains electricity cables in London and southern England, said a network failure at power supplier National Grid was affecting its customers. While the system returned to normal on Friday night, disruption was expected to continue into Saturday with rail operators saying trains had not ended up in their correct destination meaning services would still be af... [Full Article...]
Zero rates, QE in Australia unlikely but possible: RBA
Though markets are still awaiting the official monetary decision of the Reserve Bank of Australia, they received a bit of good news from the RBA Governor as he addressed the Australian Parliament earlier today . I think it's unlikely but it is possible. We are prepared to do unconventional things if circumstances warranted. "I hope we can avoid that", he said. [Full Article...]
UK To Relax Immigration Rules For Scientists, Says Boris Johnson
Labour Party leader Jeremy Corbyn on Thursday accused him of planning "anti-democratic" maneuvers to get his way. If he is defeated in a no-confidence motion he would have 14 days, under the Fixed Term Parliaments Act, to win another vote of confidence or, if no other government could be formed, face a general election. [Full Article...]
Flight attendant arrested after passenger concern: She ‘appears to be quite drunk’
Passenger Aaron Scherb tweeted United saying March was slurring her speech, couldn't walk straight and she fell asleep in the jump seat. "All the passengers seem to recognize it too". March", the affidavit continued. The United Express flight was being operated by Air Wisconsin and an Air Wisconsin crew at the time of the incident. [Full Article...]
China orders Cathay Pacific to suspend staff backing Hong Kong protests
The private sector and the tourism industry in particular have already raised the alarm, with travel agencies reporting 50 percent drops in group tour bookings and the tourism board saying arrivals fell double digits last month. "We employ 27,000 staff in Hong Kong doing all sorts of different jobs. we certainly wouldn't dream of telling them what they have to think about something", he said. [Full Article...]
Saskatchewan’s unemployment rate rises slightly in July
The reading, one of several wage measures closely watched by the Bank of Canada, was up from 3.8 per cent in June and 2.8 per cent in May. In Quebec, wage growth sped up to almost 6.2 per cent, while Ontario's number was 5.1 per cent. "Overall, Canada's labour market performance was poor in July but this should be taken in context", reads the release. "July's labour force survey confirms that B.... [Full Article...]
Ryanair pilots warn of industrial action unless airline addresses issues by Monday
In a move that piles pressure on the Dublin-based carrier, members of Ialpa voted overwhelmingly in favour of industrial action, with the union citing widespread anger at the stagnation of pay negotiations with the airline. Ryanair, meanwhile, said it is disappointed that the pilots union FORSA is threatening to disrupt customers' travel plans during August. The union is required to give at leas... [Full Article...]