Business News Advisory from The Canadian Press

Here are the CP Business Department's plans for today and the top business stories so far. All times Eastern unless otherwise stated. All ETAs and wordcounts approximate. Entries are subject to change as news develops.

If you have any questions, please contact Kate Hopwood at 416-507-2151 or kate.hopwood@thecanadianpress.com, or Jody White at jody.white@thecanadianpress.com. You can always reach the desk at business@thecanadianpress.com or 416-507-2138.


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COVERING:


We'll have full coverage of the Bank of Canada's interest rate decision.



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TOP STORIES:


Bank of Canada to announce interest rate decision

BoC-Interest-Rate

Ottawa, Ontario, Canada -- The Bank of Canada will make its latest interest announcement this morning. Words: 176, Photos: 1


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World stocks slide on worries over pandemic, recovery

Financial-Markets

Shares have slipped in Asia and Europe after a lackluster session on Wall Street, where weak jobs data and pandemic concerns weighed on sentiment. Shares were higher in Tokyo after economic growth for the April-June quarter was revised upward to an annualized 1.9% from an earlier estimate of 1.3%. 


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Australian court rules media liable for Facebook comments

AS-Australia-Defamation

Australia’s highest court has made a landmark ruling that media outlets are “publishers” of allegedly defamatory comments posted by third parties on their official Facebook pages. The High Court on Wednesday dismissed an argument by some of Australia’s largest media organizations that for people to be a publishers, they must be aware of the defamatory content and intend to convey it. The court found that by facilitating and encouraging the comments, the companies had participated in their communication. 



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CALENDAR:


OTTAWA _ The Bank of Canada will announce its latest decision on the target for the overnight rate. 10:00 am  (EDT). 


TORONTO _ TMX Group CEO John McKenzie to present at Scotiabank Financials Summit. 09:20 am - 09:40 am (EDT). 


TORONTO _ Chris Govan, chief financial officer of Onex, will present virtually at the Scotiabank Financials Summit. 12:25 pm - 01:25 pm (EDT). 


SMITHS FALLS _ Canopy Growth Corp. CEO David Klein to give presentation at 2021 Barclays Global Consumer Staples Conference. 03:20 pm - 04:20 pm (EDT). 



CP BUSINESS

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