Lumber Liquidators stock plunges on revised CDC report + MORE Feb 22nd

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NEW YORK, N.Y. – Lumber Liquidators’ stock plunged Monday as the Centers for Disease Control and Prevention now says people exposed to certain types of the company’s laminate flooring were three times more likely to get cancer than the agency previously predicted.
The CDC said that in its original report it had used an incorrect value for ceiling height. It said that resulted in health risks calculated using airborne concentration elements about three times lower than they should have been.
It now estimates the risk of cancer at six to 30 cases per 100,000 people. It previously estimated two to nine cases per 100,000 people.
The agency said that its recommendations will likely stay the same — that people take steps to reduce exposure.
Lumber Liquidators said in a statement Monday that it has strengthened its “quality assurance procedures,” such as testing sample products.
The company stopped selling Chinese-made laminate floors in May, a few months after CBS news show “60 Minutes” reported that those floors contain high levels of the carcinogen formaldehyde…

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Stock markets in Toronto and New York were solidly higher in late morning trading on Monday as crude oil jumped by six per cent and metals prices surged.

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Toronto and New York stock markets rally on higher commodity pricesBrandon SunTORONTO – The Toronto stock market rallied in late morning trading, boosted by strong gains in the metals and energy sectors, as the price of oil climbed. The S&P/TSX index climbed 139.35 points or 1.09 per cent at 12,952.75. The Canadian dollar was …and more »

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CBC.caFederal budget coming March 22 4:11CBC.caThe Liberal government is now forecasting larger than expected deficits for the next two years even before adding billions in promised spending in its first budget, which will be tabled on March 22. Finance Minister Bill Morneau presented the updated …Deficit projected at $18.4B, likely to exceed $20B come budget timeToronto SunFederal government projects $18.4B deficit next yearCTV NewsLiberals to roll out first budget March 22, amid financial uncertaintyToronto StarFinancial Post -660 Newsall 220 news articles »

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