Business
CRA fires 232 people for falsely claiming $2,000 monthly pandemic benefit
By The Canadian Press on March 26th, 2024
OTTAWA – The Canada Revenue Agency has now fired more than 200 people for falsely claiming a federal income benefit during the COVID-19 pandemic. The CRA says as of March 15, 232 employees “inappropriately applied for and received” the Canada Emergency Response Benefit and have been terminated, an increase of 47 since December. The benefit, ... Read More »
Be the first to comment!What we know about the Baltimore bridge collapse
By Ben Finley, The Associated Press on March 26th, 2024
BALTIMORE – A cargo ship rammed into Baltimore’s Francis Scott Bridge early Tuesday, causing the span to collapse and the presumed deaths of six people. Here’s what we know so far about the disaster: WHAT EXACTLY HAPPENED? The operators of the Dali cargo ship issued a mayday call that the vessel had lost power moments ... Read More »
Be the first to comment!S&P/TSX composite ticks lower Tuesday, U.S. markets also take a dip
By The Canadian Press on March 26th, 2024
TORONTO – Canada’s main stock index was down almost 30 points Tuesday, led by weakness in energy and base metals, while U.S. markets also moved into the red after drifting higher for most of the day. The S&P/TSX composite index closed down 29.76 points at 21,912.52. In New York, the Dow Jones industrial average was ... Read More »
Be the first to comment!Trump’s social media company gains in its first day of trading on Nasdaq
By The Associated Press on March 26th, 2024
NEW YORK (AP) – Shares of Donald Trump’s social media company rose about 16% in the first day of trading on the Nasdaq, boosting the value of Trump’s large stake in the company as well as the smaller holdings of fans who purchased shares as a show of support for the former president. Trump Media ... Read More »
Be the first to comment!Stock market today: Wall Street pulls back further from its all-time highs
By Stan Choe, The Associated Press on March 26th, 2024
NEW YORK (AP) – Wall Street slipped a bit further from its record heights. The S&P 500 fell 0.3% Tuesday for its third straight modest drop. The Dow Jones Industrial Average slipped 0.1%, and the Nasdaq composite fell 0.4%. Stock indexes were up for much of the day, thanks to gains for Tesla and other ... Read More »
Be the first to comment!Ontario deficit ballooning to $9.8B next year amid slow economic growth
By The Canadian Press on March 26th, 2024
TORONTO – Ontario is delaying its path to balance as lethargic economic growth drags the province’s books further into the red, with a $9.8-billion budget deficit projected for the coming fiscal year. Finance Minister Peter Bethlenfalvy is acknowledging the challenging economic times, saying life has rarely been this expensive, but the budget he is presenting ... Read More »
Be the first to comment!Quebecers warned that new language rules could lead to fewer products, higher prices
By Stéphane Rolland, The Canadian Press on March 26th, 2024
MONTREAL – Popular consumer products risk disappearing from stores across Quebec – and those that remain could be more expensive – because of the province’s French-language reform, says an association that represents thousands of foreign businesses. The costs and inconveniences around the application of draft regulations could push certain manufacturers out of the Quebec market, ... Read More »
Be the first to comment!Trump’s social media company soars in its first day of trading on Nasdaq
By The Associated Press on March 26th, 2024
NEW YORK (AP) – Shares of Donald Trump’s social media company jumped more than 30% in the first day of trading on the Nasdaq, boosting the value of Trump’s large holdings in the company as well as the smaller stakes of fans who purchased shares as a show of support for the former president. Trump ... Read More »
Be the first to comment!Trump’s social media company soars nearly 50% in its first day of trading on Nasdaq
By The Associated Press on March 26th, 2024
NEW YORK (AP) – Shares of Donald Trump’s social media company jumped nearly 50% in the first day of trading on the Nasdaq, boosting the value of Trump’s large holdings in the company as well as the smaller stakes of fans who purchased shares as a show of support for the former president. Trump Media ... Read More »
Be the first to comment!CFIB says 200,000 small businesses took new loans to meet CEBA repayment deadline
By The Canadian Press on March 26th, 2024
TORONTO – Roughly 200,000 small businesses took on new debt to refinance their Canada Emergency Business Account loans to access the forgivable portion of the loan, says the Canadian Federation of Independent Business. CFIB president Dan Kelly says many businesses that had to borrow to repay their CEBA loans are facing high interest rates and ... Read More »
1 responseS&P/TSX composite makes modest gains in late-morning trading, U.S. markets also up
By The Canadian Press on March 26th, 2024
TORONTO – Canada’s main stock index ticked higher in late-morning trading Tuesday, while U.S. markets also rose. The S&P/TSX composite index was up 45.78 points at 21,988.06. In New York, the Dow Jones industrial average was up 94.82 points at 39,408.46. The S&P 500 index was up 14.77 points at 5,232.96,while the Nasdaq composite was ... Read More »
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