Prep-Business-Report

---

(Markets)

Canada's main stock index was down in late-morning trading amid losses in the telecommunication and utility stocks, while U.S. stock markets were mixed.

The S-and-P T-S-X composite index was down 54.89 points at 22,291.87.

In New York, the Dow Jones industrial average was down 293.35 points at 39,377.69. The S-and-P 500 index was up 7.25 points at 5,314.26, while the Nasdaq composite was up 108.91 points at 16,910.45.

The Canadian dollar traded for 73.03 cents U-S compared with 73.13 cents on Wednesday.

The July crude contract was down four cents U-S at $77.53 per barrel and the July natural gas contract was down two cents U-S at $3.03 per million B-T-Us.

The June gold contract was down $45.20 U-S at $2,347.70 an ounce and the July copper contract was down four cents U-S at $4.81 a pound. (The Canadian Press)

---

(TD-Bank-Rslts)

T-D Bank Group has reported a 2.56-billion-dollar profit in its second quarter.

That's down from the 3.31-billion dollar profit the big Canadian bank made in the same quarter last year.

T-D says it was hit by a 615-million dollar charge in Q-4 that was related to a U-S investigation tied to the failure of its anti-money laundering programs.

And, it expects additional penalties as discussions continue with U-S regulators and the U-S Justice Department. (The Canadian Press)

---

(Lightspeed-Uber)

Lightspeed Commerce has signed a North American partnership deal to integrate Uber Eats marketplace and Uber Direct into its platform.

The Canadian payments technology firm says the Uber deal will allow Lightspeed merchants to list menu items and take orders from the Uber Eats marketplace.

They'll also be able to take orders from their own websites through Lightspeed's order anywhere system and then use Uber Direct for the delivery. (The Canadian Press)

---

(Via-Rail-CEO)

A high-frequency-rail project between Toronto and Quebec City is on track to start operations in about a decade.

The project promises to transport more passengers more quickly, more often -- which brings up big questions about the future of Via Rail.

The swifter service is threatening to lure customers and cash away from Via Rail's main service, which gets the majority of its revenue from the central Canadian corridor.

Via Rail plans to discuss its funding model with Ottawa in several years, but intends to maintain service in Ontario and Quebec as well as on its long-haul routes. (The Canadian Press)

---

(US-Ticketmaster-Antitrust-Lawsuit)

The U-S Justice Department has filed a sweeping antitrust lawsuit in New York against Ticketmaster and parent company Live Nation Entertainment.

It's accusing them of running an illegal monopoly over live events in the U-S and driving up prices for fans.

The suit seeks to break up the monopoly the department says is squeezing out smaller promoters and hurting artists.

Live Nation has denied it engages in practices that violate antitrust laws. (The Associated Press)

---

(Money-Monitor)

Credit card companies have some advice for Canadians preparing for a busy travel season to help ensure any purchases made abroad go smoothly.

The head of risk at Visa Canada recommends contacting your card issuer about your trip if you aren't a regular traveller.

That's because most card companies detect a change in typical behaviour and use algorithms and A-I to try and determine if a transaction might be fraudulent.

It's also recommended that you activate transaction alerts to keep track of expenses and notice right away if there's fraudulent activity. (The Canadian Press)

---

(Business Report by Brenda Molina-Navidad)

The Canadian Press