Newspaper article The Canadian Press

Prep-Business Report

Newspaper article The Canadian Press

Prep-Business Report

Article excerpt

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(Markets)

Canada's main stock index started the week down slightly as North American markets took a pause from recent extreme volatility.

The S&P/TSX composite index closed down 40.24 points at 16,495.09.

In New York, the Dow Jones industrial average was up 38.05 points at 26,835.51.

The S&P 500 index was down 0.28 points at 2,978.43, while the Nasdaq composite was down 15.64 points at 8,087.44.

The Canadian dollar traded at an average of 76.02 cents U-S compared with an average of 75.91 cents on Friday.

The October crude contract was up US$1.33 at US$57.85 per barrel and the October natural gas contract was up 8.9 cents at US$2.59 per mmBTU.

The December gold contract was down US$4.40 at US$1,511.10 an ounce and the December copper contract was down 0.65 of a cent at US$2.63 a pound.

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(US-Tech-Giants-Antitrust)

Fifty American states and territories have announced an investigation into what they say is Google's "potential monopolistic behaviour."

The announcement closely follows one from a separate group of states on Friday that disclosed an investigation into Facebook's market dominance.

The two probes widen the antitrust scrutiny of big tech companies beyond sweeping American federal and congressional investigations and enforcement action by European regulators.

Google's parent company, Alphabet, has a market value of more than 820-billion dollars U-S and its dominance in online search and advertising enables it to target millions of consumers for their personal data. (The Associated Press)

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(US-IMF-Leader)

A top World Bank official from Europe is in line to head the International Monetary Fund.

The I-M-F says nominations for the job are closed with only one person in the running -- Kristalina Georgieva of Bulgaria.

Georgieva has served since 2017 as chief executive officer of the World Bank, the I-M-F's sister lending organization. …

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