March 28th, 2024

Business

S&P/TSX composite creeps lower Friday, U.S. markets also down after jobs reports

By The Canadian Press on March 8th, 2024

TORONTO – Canada’s main stock index crept lower on Friday while U.S. markets were also down, led by a 1.2-per cent loss on the Nasdaq after both countries saw fresh data on the labour market. The S&P/TSX composite index closed down 57.30 points at 21,737.53. In New York, the Dow Jones industrial average wasdown 68.66 ... Read More »

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Stock market today: Wall Street pulls back from its record after a shaky day

By Stan Choe, The Associated Press on March 8th, 2024

NEW YORK (AP) – Wall Street pulled back from its record heights following a shaky day of trading, putting at least a temporary halt to its huge rally since Halloween. The S&P 500 slipped 0.7% Friday from its all-time high. It initially climbed after mixed data on the U.S. job market bolstered hopes for easier ... Read More »

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New funding announced for federal programs that support Indigenous entrepreneurs

By The Canadian Press on March 8th, 2024

HALIFAX – The federal government is spending $2.5 million to expand an entrepreneurship program for Indigenous women and create a similar program for Indigenous youth. Small Business Minister Rechie Valdez made the announcement in Cape Breton, saying that when Canada builds a more inclusive economy, it’s building a stronger economy. The new money for the ... Read More »

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B.C. RCMP announce seizure of millions of dollars worth of contraband cigarettes

By The Canadian Press on March 8th, 2024

SURREY, B.C. – Police in British Columbia say they’ve seized more than 27 tonnes of contraband cigarettes worth more than $24 million in a pair of investigations over the past year. Assistant RCMP Commissioner David Teboul says the investigations involved collaboration with tax fraud investigators from the B.C. Ministry of Finance, calling the seizures of ... Read More »

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Bank CEO average pay tops $11 million despite most missing performance targets

By The Canadian Press on March 8th, 2024

TORONTO – The CEOs of four of Canada’s biggest banks received an average $11 million in compensation last year, despite most of them failing to meet performance targets. The compensation for banks that have disclosed the data so far range from RBC chief executive Dave McKay receiving $15.2 million, to Scotiabank’s Scott Thomson being paid ... Read More »

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United Airlines plane rolls off runway in Houston

By The Associated Press on March 8th, 2024

HOUSTON (AP) – Passengers had to be evacuated from a United Airlines plane after it rolled off a runway and got stuck in the grass in Houston Friday morning. No injuries were reported among the 160 passengers and six crew members, United Airlines said in a statement. Video taken after the landing showed the plane ... Read More »

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Oops: United Airlines plane rolls off runway in Houston

By The Associated Press on March 8th, 2024

HOUSTON (AP) – Passengers had to be evacuated from a United Airlines plane after it rolled off a runway and got stuck in the grass in Houston Friday morning. No injuries were reported among the 160 passengers and six crew members, United Airlines said in a statement. Video taken after the landing showed the plane ... Read More »

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Italians cut back on olive oil as prices surge, survey says. Producers are pushing back on that

By Colleen Barry, The Associated Press on March 8th, 2024

MILAN (AP) – One-third of Italians have reduced their consumption of extra virgin olive oil, a mainstay of the Mediterranean diet, due to skyrocketing prices, according to a survey released Friday. But Italian producers are pushing back against the data, saying the snapshot of consumer sentiment does not give a full picture – and that ... Read More »

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Another burst of hiring shows off the resilience of the US job market

By Paul Wiseman, The Associated Press on March 8th, 2024

WASHINGTON (AP) – America’s employers delivered another healthy month of hiring in February, adding a surprising 275,000 jobs and again showcasing the U.S. economy’s resilience in the face of high interest rates. Last month’s job growth marked an increase from a revised gain of 229,000 jobs in January. At the same time, the unemployment rate ... Read More »

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S&P/TSX composite creeps lower in late-morning trading, U.S. stock markets mixed

By The Canadian Press on March 8th, 2024

TORONTO – Canada’s main stock index crept lower in late-morning trading, weighed down by losses in the energy and telecom stocks, while U.S. stock markets were mixed. The S&P/TSX composite index was down 14.60 points at 21,779.96. In New York, the Dow Jones industrial average was up 93.59 points at 38,884.94. The S&P 500 index ... Read More »

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