Newspaper article The Canadian Press

Prep-Business Report

Newspaper article The Canadian Press

Prep-Business Report

Article excerpt

STATIONS: ADDS figures for Canadian dollar.

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(Markets)

The energy sector helped Canada's main stock index close higher, while U-S markets were flat to lower amid rising trade tensions between the U-S and China.

The S&P/TSX composite index closed up 69.21 points at 16,383.63 points.

In New York, the Dow Jones industrial average closed down 103.01 points at 24,987.47.

The S&P 500 index was down 5.79 points at 2,773.87 and the Nasdaq composite index was up 0.65 of a point at 7,747.03.

The Canadian dollar averaged 75.68 cents U-S, down 0.21 of a U-S cent.

The August crude contract closed up 84 cents at $65.69 U-S per barrel and the July natural gas contract ended down seven cents at $2.95 U-S per mm B-T-U.

The August gold contract ended up $1.60 at $1,280.10 U-S an ounce and the July copper contract was down four cents at $3.11 U-S a pound. (The Canadian Press)

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(BMO-Simplii-Financial)

Bank of Montreal and C-I-B-C's direct banking division Simplii Financial aren't responding to requests for comment following the filing of proposed class-action lawsuits.

The two Canadian banks are being sued for recently disclosed cybersecurity breaches impacting up to 90-thousand customers.

Both institutions said they had been contacted by entities claiming to have accessed their client's personal data.

In the suits, law firms Siskinds LLP and JSS Barristers allege the institutions failed to establish robust security measures to protect clients' sensitive information.

B-MO and C-I-B-C have since offered clients free credit monitoring and have pledged to cover any money lost from affected bank accounts due to fraud. (The Canadian Press)

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(Ethics-Morneau)

Federal Finance Minister Bill Morneau is in the clear when it comes to his family-owned company and the pension bill he sponsored last year.

The federal ethics commissioner says Morneau did not violate any conflict of interest laws when he introduced pension-reform legislation.

Critics battered Morneau -- insisting the bill would benefit Morneau Shepell, his family company.

But Ethics commissioner Mario Dion says since the pension bill affects all federally regulated private-sector employers, certain Crown corporations and all pension plan administrators, it is "of general application" and doesn't fall under the scope of the law. …

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