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

Full house: Alberta UCP members sworn in at legislature, joining NDP members

THE CANADIAN PRESS EDMONTON — It’s officially a full house at the… Continue reading

Almost 5,000 people flee northern Alberta fire

HIGH LEVEL, Alta. — A northern Alberta town and a nearby First… Continue reading

Two kids from U.S. rescued after spending night alone on B.C. mountain

THE CANADIAN PRESS COQUITLAM, B.C. — After getting lost hiking and spending… Continue reading

‘We feel for those children’: Community saddened by hit and run that killed mother of five in central Alberta

“What about the children?” That is a Sunchild First Nation resident’s thought… Continue reading

Central Alberta MLAs get to work

Red Deer & District Chamber of Commerce look forward to working with new MLAs

WATCH: First Red Deer Market of 2019

The event is held every Saturday in the Servus Arena parking lot

Cast your votes for the Best of Red Deer

Nominations for the Best of Red Deer Readers’ Choice Awards are officially… Continue reading

Hiker and his dog lived off the land while lost in Alaska

FAIRBANKS, Alaska — A hiker and his dog ate berries and moss… Continue reading

“Fun Guy” Kawhi the latest example of NBA branding

TORONTO — Kawhi Leonard’s likeness looks down from some 10 storeys high… Continue reading

Tarantino is back in Cannes, 25 years after ‘Pulp Fiction’

CANNES, France — Twenty-five years after premiering “Pulp Fiction” in Cannes, Quentin… Continue reading

Gordon Lightfoot on starring in a ‘legacy’ documentary about himself

TORONTO — Gordon Lightfoot didn’t need much convincing when filmmakers approached him… Continue reading

Burger King to expand sales of new meatless burger to Europe

COPENHAGEN — Burger King will launch in Sweden a version of its… Continue reading

Food insecurity grew in Nunavut after federal program to fight hunger: study

Newly published research has concluded that food insecurity in Nunavut grew after… Continue reading

Preliminary phase of Lionel Desmond inquiry begins in Nova Scotia

GUYSBOROUGH, N.S. — An inquiry begins its investigation today into the death… Continue reading

Most Read