U.S. will delay TikTok app store ban by 1 week
News/Technology & Science: The U.S. Commerce Department on Saturday announced a one-week delay until Sept. 27 in an order issued Friday that was set to require Apple Inc and Alphabet Inc's Google to remove the TikTok app for download.
Want the government to go Dutch on your dinner tab? Restaurants pitch relief plan to help them survive
News/Business: With support from a swath of pandemic relief measures set to expire this fall, a national restaurant association wants the government to consider a new way to support its struggling industry.
Retail sales grew by 0.6% in July, now back to where they were before COVID-19
News/Business: Canadians spent more at stores in July than they did in June, the third straight months of gains after a precipitous plunge because of COVID-19 lockdowns in the three months before that.
Payment firm Nuvei launches on Toronto Stock Exchange Thursday in most valuable tech IPO in TSX's history
News/Business: Shares in payment processing firm Nuvei Corp. started trading on the Toronto Stock Exchange on Thursday, raising $700 million in the biggest initial public offering of a technology company in the history of the TSX.
Without more support from Congress, Fed chair says U.S. economy could be scarred: Don Pittis
News/Business: Borrowers can breathe a sigh of relief as the U.S. central bank predicts interest rates will stay low for years, but Jerome Powell warns that the unexpectedly quick recovery in the economy following the outbreak of COVID-19 is not likely to persist, and more government spending is needed.
Canadian megamall developer's U.S. project on shaky ground due to pandemic
News/Business: The owners of the West Edmonton Mall mortgaged that property along with a second megamall, in order to finance a third, the new American Dream outside of Manhattan. The timing couldn't have been worse, with COVID arriving days before a planned grand opening. Now behind on mortgage payments, can the wealthy Edmonton family maintain control of their empire?
Kodak shares soar after legal review OKs giving CEO stock options prior to $765M government contract
News/Business: Shares of Kodak are sharply higher after an independent legal review found that while there were flaws in how Eastman Kodak issued stock option grants to its CEO just before revealing a major development that sent its stock soaring, no illegality was involved.
Boeing, U.S. regulator made series of errors ahead of 737 Max crashes: congressional report
News/World: A House of Representatives committee issued a scathing report Wednesday questioning whether Boeing and government regulators have recognized the problems that caused two deadly 737 Max jet crashes, and whether either will be willing to make significant changes to fix them.
Canada and the U.S. put tariff threats on ice, but expect more trade uncertainty amid COVID-19
News/Business: The tit-for-tat tariff war between Canada and the U.S. would have only punished Canadian consumers and hampered global trade at the worst time. But the tariffs are just a symbol of a changing view of globalization that's been brought into sharp relief amid COVID-19