Business
Asian shares mixed ahead of key US inflation data
By Yuri Kageyama, The Associated Press on January 11th, 2023
TOKYO (AP) – Asian shares were mixed Thursday ahead of a closely watched report on U.S. inflation viewed as a good indicator of whether Wall Street’s recent rising optimism is warranted or overdone. Japan’s benchmark Nikkei 225 wobbled in early trading and was up 0.1% at 26,471.87. Australia’s S&P/ASX 200 jumped 1.3% to 7,288.30. South ... Read More »
Be the first to comment!Canada cheers USMCA win as Trudeau wraps Mexico visit singing praises of free trade
By James McCarten, The Canadian Press on January 11th, 2023
MEXICO CITY – Canada and Mexico basked Wednesday in the glow of a major trade win over the United States as Prime Minister Justin Trudeau wrapped up a trilateral summit aimed at charting a course for North American excellence. The dispute panel’s decision, telegraphed for months but only released once the summit was over, declared ... Read More »
1 responseInterfor cuts back production by 8% for Q1 on lower demand
By The Canadian Press on January 11th, 2023
BURNABY, B.C. – Interfor Corp. says it will reduce lumber production by at least eight per cent of capacity in the first quarter as market uncertainty affects demand. The Burnaby, B.C.-based forestry company says the move amounts to at least 100 million board feet. It says it expects to resume its normal production schedule starting ... Read More »
1 responseEXPLAINER: How NOTAM caused widespread flight disruptions
By Tom Krisher And David Koenig, The Associated Press on January 11th, 2023
DALLAS (AP) – Until Wednesday, few travelers had ever heard of a Notice to Air Missions, or NOTAM, nor did they know that the system used to generate those notices could cause widespread travel misery. As they arrived at airports in the morning, they quickly found out. The Federal Aviation Administration computer system that compiles ... Read More »
1 responseAritzia reports record revenue in third quarter, profit of $70.7 million
By The Canadian Press on January 11th, 2023
Aritzia Inc. says it had record quarterly revenue in its third quarter as it made gains company wide including notable growth in the U.S. and online. The Vancouver-based clothing retailer says net revenue of $624.6 million for the quarter ending Nov. 27 was an increase of 38 per cent from a year earlier. Net income ... Read More »
1 responseTax relief, more health spending among Manitoba premier’s pre-election plans
By Steve Lambert, The Canadian Press on January 11th, 2023
WINNIPEG – Manitobans may see some tax relief, financial help with inflation and money for addiction treatment before the provincial election slated for Oct. 3. What they are unlikely to see is any more movement by the province in its dispute with the federal government over carbon pricing. Premier Heather Stefanson discussed her plans in ... Read More »
1 responseStocks rise as traders make last moves before inflation data
By Damian J. Troise And Stan Choe, The Associated Press on January 11th, 2023
NEW YORK (AP) – U.S. stocks rallied Wednesday as investors locked in their final moves ahead of a highly anticipated report on inflation, one that could show whether Wall Street’s rising optimism recently has been warranted or overdone. The S&P 500 climbed 1.3% for its second straight gain before Thursday morning’s inflation data. The Dow ... Read More »
Be the first to comment!S&P/TSX composite closes higher in broad gains, U.S. stocks also up
By The Canadian Press on January 11th, 2023
TORONTO – Canada’s main stock index closed higher in broad gains as commodities rose, while U.S. stock markets also ended up a day before the release of key inflation data. The S&P/TSX composite index ended up 126.19 points at 20,025.05. In New York, the Dow Jones industrial average was up 268.91 points at 33,973.01. The ... Read More »
Be the first to comment!HBC says head of online division retiring, names Sophia Hwang-Judiesch as replacement
By The Canadian Press on January 11th, 2023
TORONTO – Hudson’s Bay Co. says the head of The Bay, its online marketplace division, is retiring this month and that the current president of Hudson’s Bay, which oversees Canadian retails stores, will take on the additional role. The retailer says Sophia Hwang-Judiesch, who came on as president of Hudson’s Bay last September, will lead ... Read More »
Be the first to comment!Stocks rise on traders’ final moves ahead of inflation data
By Damian J. Troise And Stan Choe, The Associated Press on January 11th, 2023
NEW YORK (AP) – Stocks closed higher on Wall Street as investors made their final moves ahead of a highly anticipated report on inflation. The S&P 500 rose 1.3% Wednesday, its second straight gain before Thursday morning’s inflation data. Economists expect the report to show that inflation continued to cool last month from its summertime ... Read More »
Be the first to comment!Inflation, pandemic costs driving Ontario property tax hikes as upkeep backlogs grow
By Jordan Omstead, The Canadian Press on January 11th, 2023
TORONTO, Cuba – With a number of Ontario municipalities eyeing property tax increases, experts say homeowners across the province can expect to see higher tax bills this year because of inflation, pandemic costs and recent provincial changes to development charges. The proposed hikes would be another hit to the wallets of consumers, who are feeling ... Read More »
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