Take stock – July 3

The company headed by National Post chief executive Paul Godfrey that is buying the Canwest newspapers will be called Postmedia Network Inc.

Newspaper chain to be called Postmedia network

TORONTO — The company headed by National Post chief executive Paul Godfrey that is buying the Canwest newspapers will be called Postmedia Network Inc.

The new company will hold some of Canada’s largest daily newspapers including the National Post, Vancouver Sun, Calgary Herald and Ottawa Citizen.

“Postmedia Network reflects both where we have been and where we are going,” Godfrey said in a statement released Friday. “From the earliest days of information delivery via post, to the current online world of posting news and information as it happens and looking ahead to the continuous evolution of a post-media universe, our new name reflects both the strong legacy and the exciting future of media as we prepare to emerge as a new Canadian business.”

Last month, an Ontario Superior Court judge gave the green light for Canwest Global Communications Corp. to sell its newspaper division to a group of its creditors led by Godfrey.

Consumer confidence remains flat

TORONTO — Canadians, according to the June RBC Consumer Outlook Index, see some silver linings in the economic clouds, as well as continued stormy weather. The index suggests 67 per cent of Canadians believe the overall outlook for the economy is good — up from 54 per cent the last quarter. And 20 per cent said they were anxious about their jobs — down seven points from its height last November.

But looking ahead, only 55 per cent said they expected Canada’s economy to improve over the next year — down by two points from March. And 34 per cent said their ability to save money for things like retirement or education was slightly better than it was three months ago, a five point drop from last quarter. Overall, the index was flat at 108 points from last quarter.

Some 37 per cent said they have less money left over after paying their bills than they did three months ago (a decline of four points from March) and 20 per cent feared the situation will worsen over the next three months.

Interest rates remain a major issue, with 67 per cent of Canadians saying they are concerned about rising interest rates, and 84 per cent expecting rates to continue rising over the next six months.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

The interchange at Highway 2 and McKenzie Road at the south end of Gasoline Alley is being redesigned with two roundabouts. Construction is expected to begin this month and finish in October. (Graphic from Red Deer County)
Roudabouts coming to McKenzie Road overpass at Gasoline Alley

Project expected to improve traffic flow at busy intersections

A federal strategy to preserve threatened trout could conflict with provincial coal leases in the Eastern Slopes of the Rockies. (Contributed photo by Jeff Lund).
Federal regulations could save Alberta’s bull trout by shutting down mining plans, says biologist

Ottawa’s new strategy identifies a 30-metre protected area along rivers and streams

(Contributed image)
Wolf Creek Public Schools will not participate in curriculum pilot

Central Alberta school jurisdiction joins others across Alberta

Canada's Sarah Pavan and Melissa Humana-Paredes, fom left, celebrate after winning women's gold medal match against Brazil's team at the Beach Volley Worldtour Major Series, in Vienna, Austria on August 4, 2019. THE CANADIAN PRESS/AP, Ronald Zak
Canada’s world champion beach volleyball duo finally getting games before Tokyo

Canada’s world champion beach volleyball duo finally getting games before Tokyo

Toronto Raptors center Khem Birch (24) gets fouled by Atlanta Hawks guard Bogdan Bogdanovic (13) during the first half of an NBA basketball game Tuesday, April 13, 2021, in Tampa, Fla. (AP Photo/Chris O'Meara)
Bogdanovic, Capela lead Hawks past Raptors 107-103

Bogdanovic, Capela lead Hawks past Raptors 107-103

Toronto Blue Jays starting pitcher Hyun Jin Ryu throws to a New York Yankees batter during the first inning of a baseball game Tuesday, April 13, 2021, in Dunedin, Fla. (AP Photo/Mike Carlson)
Ryu sharp into 7th, Semien homers as Blue Jays top Yanks 7-3

Ryu sharp into 7th, Semien homers as Blue Jays top Yanks 7-3

Calgary Flames' Johnny Gaudreau (13) scores the game winning goal on Toronto Maple Leafs goaltender David Rittich (33) in overtime NHL action in Toronto on Tuesday, April 13, 2021.THE CANADIAN PRESS/Frank Gunn
Gaudreau scores in overtime, Flames beat Maple Leafs 3-2

Gaudreau scores in overtime, Flames beat Maple Leafs 3-2

Jim Bullock, Vicki Pappas and Randy Waples off to Canadian Horse Racing Hall of Fame

Jim Bullock, Vicki Pappas and Randy Waples off to Canadian Horse Racing Hall of Fame

Canada's Evelyne Viens celebrates scoring against Wales during the women's international friendly soccer match at Leckwith Stadium, Wales, Friday April 9, 2021. THE CANADIAN PRESS/Nick Potts/PA via AP
Canada capitalizes on England mistakes to win women’s soccer friendly 2-0

Canada capitalizes on England mistakes to win women’s soccer friendly 2-0

After weekend hiccup at men’s worlds, Grand Slams move into curling bubble

After weekend hiccup at men’s worlds, Grand Slams move into curling bubble

Erickson Gallardo of Canada's Toronto FC and his teammates celebrate after Andres Mosquera of Mexico's Leon scored an own goal during their Concacaf Champions League soccer match in Leon, Mexico, Wednesday, April 7, 2021. THE CANADIAN PRES/AP/Mario Armas
Toronto FC gets vaccine boost but injury list still an issue ahead of Leon rematch

Toronto FC gets vaccine boost but injury list still an issue ahead of Leon rematch

Most Read