Take Stock – July 10

Many U.S. retailers are reporting sharp sales declines for June.

U.S Retailers report weak june sales

Many U.S. retailers are reporting sharp sales declines for June.

Rainy weather and escalating job worries kept consumers from buying summer staples like shorts and dresses.

As merchants report their monthly figures, the sales weakness appears to cut across all sectors, particularly apparel merchants.


Documentary tackles capitalism

Michael Moore’s latest documentary now has a title — and a theme that resonates with recession-weary audiences.

Moore’s look at the consequences of big business will be called “Capitalism: A Love Story.” The documentary is due in theatres Oct. 2.

Overture Films says “Capitalism” examines the disastrous effects of corporate profiteering.

Regarding the “Love Story” mentioned in the title, Moore jokes that he felt it was time to make a “relationship movie.” He said it would make a great date flick because it has “lust, passion, romance and 14,000 jobs being eliminated every day.”


Moody’s downgrades west Fraser’s debt rating

Moody’s Investors Service downgraded the senior unsecured debt rating for West Fraser Timber Co. Ltd. (TSX:WFT) on Thursday. The ratings agency lowered its grade for the debt to Ba1 from Baa3. Moody’s also assigned a Ba1 corporate family rating and an SGL-3 speculative grade liquidity rating. The outlook is negative.

“The downgrade reflects the company’s weak operating and financial performance and the expectation that challenging industry conditions will limit the ability of West Fraser to restore its credit protection metrics to investment grade levels,” Moody’s said. West Fraser has a $150-million debenture due in October and a $100-million term loan due in March 2010.


Just Posted

PHOTOS: Buccaneers battle Wolfpack in AFL semifinal

The Central Alberta Buccaneers battled the Calgary Wolfpack in the Alberta Football… Continue reading

Raising awareness for Bikers Against Child Abuse

Second annual Raise A Ruckus Against Child Abuse was held at the Red Deer Radisson Hotel Saturday

Central Alberta Yogathon cancelled Saturday

Due to air quality concerns the fourth annual event will take place Sept. 15

City Hall Park construction begins next week

Construction to update Red Deer’s City Hall Park is set to begin… Continue reading

PHOTOS: Jazz at the Lake begins

The 16 annual event began Friday and runs until Sunday in Sylvan Lake

WATCH: Medicine River Wildlife Centre opens new playground

The grand opening of the playground was Saturday morning

Thousands to attend funeral service for officers killed in Fredericton shooting

FREDERICTON — Hundreds of people have lined the route of a funeral… Continue reading

Calgary police officer seriously injured

CALGARY — The Calgary Police Service says one of its officers was… Continue reading

Canadians react to death of former UN secretary-general Kofi Annan at age 80

MONTREAL — Canadian politicians are adding their voices to the international reaction… Continue reading

‘Four of a dozen kids will not make it:’ Tina Fontaine’s family healing together

WINNIPEG — Melissa Stevenson was just starting her career 18 years ago… Continue reading

No winning ticket for Friday night’s $16 million Lotto Max jackpot

TORONTO — No winning ticket was sold for the $16 million jackpot… Continue reading

Hundreds of neo-Nazis march in Berlin, protected by police

BERLIN — Hundreds of neo-Nazis waving flags with the colours of the… Continue reading

Romanian trucker is Genoa bridge’s 43rd victim

GENOA, Italy — The Latest on the Italy bridge collapse (all times… Continue reading

1 dead, 6 injured after building collapse in Nigeria capital

ABUJA, Nigeria — An emergency response chief says one person is dead… Continue reading

Most Read


Five-day delivery plus unlimited digital access for $185 for 260 issues (must live in delivery area to qualify) Unlimited Digital Access 99 cents for the first four weeks and then only $15 per month Five-day delivery plus unlimited digital access for $15 a month