Business
Competition Bureau faces ‘uphill battle’ to reverse Rogers-Shaw ruling: analyst
By The Canadian Press on January 3rd, 2023
OTTAWA – The Competition Bureau faces an “uphill battle” in its effort to overturn the Competition Tribunal’s dismissal of its case against Rogers Communications Inc.’s $26-billion takeover of Shaw Communications Inc., an analyst said Tuesday. While the federal competition regulator has secured a temporary, emergency stay from the Federal Court of Appeal to halt the ... Read More »
1 responseS&P/TSX composite up in late-morning trading, U.S. stock markets lower
By The Canadian Press on January 3rd, 2023
TORONTO – Strength in the industrial and utility sectors helped lead Canada’s main stock index higher, while U.S. stock markets fell in late-morning trading to start the year. The S&P/TSX composite index was up 89.50 points at 19,474.42. In New York, the Dow Jones industrial average was down 141.07 points at 33,006.18. The S&P 500 ... Read More »
1 responseWall Street opens 2023 higher after closing out dismal year
By Joe Mcdonald, The Associated Press on January 3rd, 2023
NEW YORK (AP) – Wall Street opened solidly higher on its first trading day of 2023 after closing out its worst year since 2008. Investors will be closely watching moves by central banks in coming months to fight inflation with higher interest rates, all the while bracing for the recession and higher unemployment that could ... Read More »
Be the first to comment!Competition Bureau seeks to have Rogers-Shaw tribunal decision set aside
By The Canadian Press on January 3rd, 2023
OTTAWA – The Competition Bureau is asking the Federal Court of Appeal to set aside a decision by the Competition Tribunal dismissing its case against Rogers Communications Inc.’s $26-billion takeover of Shaw Communications Inc. The federal competition regulator says the tribunal made a mistake in how it assessed the deal and the proposal that would ... Read More »
Be the first to comment!How to help your money grow in 2023 against a backdrop of economic uncertainty
By The Canadian Press on January 3rd, 2023
TORONTO – Canadian investors who made it through a tumultuous 2022 face further uncertainty in the year ahead amid increased recession risk, higher interest rates, persistent inflation, a jittery stock market and a plummeting real estate market. Investment professionals and personal finance experts say the easiest way to grow your money this year is to ... Read More »
Be the first to comment!CEO pay smashed records in 2021, on track to continue as inflation remains high
By Rosa Saba, The Canadian Press on January 3rd, 2023
Canada’s 100 highest-paid CEOs made an average of $14.3 million in 2021, smashing the previous record of $11.8 million set in 2018, according to the Canadian Centre for Policy Alternatives (CCPA). Report author and CCPA senior economist David Macdonald said that the 100 CEOS, who are mostly men, made 243 times the average Canadian worker ... Read More »
Be the first to comment!Competition Bureau gets temporary stay of Tribunal decision on Roger-Shaw merger
By The Canadian Press on January 2nd, 2023
OTTAWA – The Competition Bureau says a Federal Court has issued an emergency stay temporarily suspending the Competition Tribunal’s dismissal of its case against Rogers Communications Inc.’s $26-billion takeover of Shaw Communications Inc. The federal agency says the suspension will remain in place until its application for a stay and an injunction is heard. The ... Read More »
Be the first to comment!Canada extends copyright protection another 20 years to meet new trade obligation
By The Canadian Press on January 2nd, 2023
OTTAWA – There will be no new books or plays added to the public domain in Canada until 2043 after the government squeezed in a change to copyright laws just before the end of 2022. Until Dec. 30, copyright protection applied to literary, dramatic, musical or artistic works for the life of their author plus ... Read More »
Be the first to comment!Moscow says Ukrainian rocket strike kills 63 Russian troops
By Felipe Dana, The Associated Press on January 2nd, 2023
KYIV, Ukraine (AP) – Ukrainian forces fired rockets at a facility in the eastern Donetsk region where Russian soldiers were stationed, killing 63 of them, Russia’s defense ministry said Monday, in one of the deadliest attacks on the Kremlin’s forces since the war began more than 10 months ago. Ukrainian forces fired six rockets from ... Read More »
1 responseRestaurants debut new takeout ware amid phase-in of single-use plastics ban
By Rosa Saba, The Canadian Press on January 2nd, 2023
Customers may notice takeout containers, straws and other items being swapped for greener alternatives in the new year as Canada’s food service industry adjusts to the phase-in of a federal law that aims to eventually remove many single-use plastics from the market altogether. Some restaurants have already gone through months of trial and error in ... Read More »
1 responseRussia says Ukrainian rocket strike kills 63 Russian troops
By Felipe Dana, The Associated Press on January 2nd, 2023
KYIV, Ukraine (AP) – Russia’s defense ministry said Monday that 63 Russian soldiers have been killed by a Ukrainian strike on a facility in the eastern Donetsk region where military personnel was stationed. Ukrainian forces fired six rockets from a HIMARS launch system and two of them were shot down, a Russian defense ministry statement. ... Read More »
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