Business
Hydro One promotes chief operating officer David Lebeter to chief executive
By The Canadian Press on January 10th, 2023
TORONTO – Hydro One Ltd. says David Lebeter has been named the company’s new president and chief executive. Lebeter currently serves as the utility’s chief operating officer. The company says the promotion to the top job is effective Feb. 1. Lebeter will take over from interim president and CEO William Sheffield, who will help with ... Read More »
Be the first to comment!First Quantum continues talks with Panama over Cobre Panama mine
By The Canadian Press on January 10th, 2023
TORONTO – First Quantum Minerals Ltd. says it is prepared to commit to a deal that includes a minimum level of tax and royalty payments as talks continue with the government of Panama over the long-term future of its Cobre Panama mine. Chief executive Tristan Pascall says the company is ready to reach a mutually ... Read More »
Be the first to comment!Trudeau, Biden have bilateral meeting as North American summit begins in earnest
By James McCarten, The Canadian Press on January 10th, 2023
WASHINGTON – Prime Minister Justin Trudeau and U.S. President Joe Biden are meeting face to face this morning as the North American Leaders’ Summit begins in earnest. It’s the first formal bilateral for Biden and Trudeau – two-thirds of the so-called “Three Amigos” – since the Summit of the Americas in June. Much like last ... Read More »
Be the first to comment!Tips on shady finances ‘may not get investigated’ amid police constraints: RCMP note
By Jim Bronskill, The Canadian Press on January 10th, 2023
OTTAWA – The RCMP says many tips from Canada’s financial intelligence agency about possible crimes “may not get investigated” due to a lack of policing resources and conflicting priorities. The Mounties make the candid admission in a briefing note prepared for Public Safety Minister Marco Mendicino on the working relationship between the national police force ... Read More »
Be the first to comment!China suspends visas for South Koreans in virus retaliation
By The Associated Press on January 9th, 2023
BEIJING (AP) – China suspended visas Tuesday for South Koreans to come to the country for tourism or business in apparent retaliation for COVID-19 testing requirements on Chinese travelers. A brief notice posted online by the Chinese Embassy in Seoul said the ban would apply until South Korea lifted its “discriminatory measures on entrance by ... Read More »
1 responseChina suspends visas for South Koreans in retaliation
By The Associated Press on January 9th, 2023
BEIJING (AP) – China suspended visas Tuesday for South Koreans to come to the country for tourism or business in apparent retaliation for COVID-19 testing requirements on Chinese travelers. A brief notice posted online by the Chinese Embassy in Seoul said the ban would apply until South Korea lifted its “discriminatory measures on entrance by ... Read More »
1 responseBiden, Lopez Obrador open Mexico meetings with brusque talk
By Colleen Long And Maria Verza, The Associated Press on January 9th, 2023
MEXICO CITY (AP) – Mexican President Andres Manuel López Obrador challenged U.S. President Joe Biden to end an attitude of “abandonment” and “disdain” for Latin America and the Caribbean as the two leaders met on Monday, making for a brusque opening to a summit of North American leaders. The comments were a stark contrast to ... Read More »
1 responseVirgin Orbit reports ‘anomaly’ in satellite launch from UK
By Sylvia Hui, The Associated Press on January 9th, 2023
LONDON (AP) – A mission to launch the first satellites into orbit from Western Europe suffered an “anomaly” Tuesday, Virgin Orbit said. The U.S.-based company attempted its first international launch on Monday, using a modified jumbo jet to carry one of its rockets from Cornwall in southwestern England to the Atlantic Ocean where the rocket ... Read More »
1 responseBell to drop five-cent ‘Let’s Talk’ pledge in favour of $10M donation
By The Canadian Press on January 9th, 2023
MONTREAL – Bell Canada says it is revamping its Bell Let’s Talk campaign for mental health for 2023. Each year on Jan. 25 since 2010, the telecom giant has donated five cents to mental health programs every time a Canadian used the “Bell Let’s Talk” hashtag on social media or in a text. The company ... Read More »
1 responseS&P/TSX composite posts small gain after strong morning, U.S. markets mixed
By The Canadian Press on January 9th, 2023
TORONTO – Canada’s main stock index stalled in the afternoon after a morning of strong gains in energy, technology and base metals, while U.S. markets also cooled, ending the day with mixed results. The S&P/TSX composite index was up 42.56 points at 19,857.07. In New York, the Dow Jones industrial average was down 112.96 points ... Read More »
1 responseGains mostly fade for stocks, leaving Wall Street mixed
By Damian J. Troise, The Associated Press on January 9th, 2023
NEW YORK (AP) – Stocks gave up early gains and drifted to a mixed close on Wall Street. Weakness in health care companies worsened throughout the day. Stocks are coming off their first weekly gain in five on hopes the Federal Reserve may ease up on its economy-shaking hikes to interest rates as inflation cools. ... Read More »
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