Business
Russia presses its Ukraine strategy, fires 40 drones at Kyiv
By Felipe Dana, The Associated Press on January 2nd, 2023
KYIV, Ukraine (AP) – Russia deployed multiple exploding drones in another nighttime attack on Ukraine, officials said Monday, as the Kremlin signaled no letup in its strategy of using bombardments to target civilian infrastructure and wear down Ukrainian resistance to its invasion. The barrage was the latest in a series of relentless year-end attacks, including ... Read More »
1 responseVeganuary: Why some Canadians are switching to a plant-based diet in the new year
By The Canadian Press on January 1st, 2023
Growing up in Sault Ste. Marie, Ont. with a father working as a butcher, Toni Vernelli loved eating meat. But it wasn’t long before she noticed that the food she was eating was coming from the farm animals she loved. When Vernelli was 18, she made the switch to veganism. More than 30 years of ... Read More »
1 responseMinimum wage on Prince Edward Island set to increase to $14.50 today
By The Canadian Press on January 1st, 2023
CHARLOTTETOWN – The first of two increases that will boost Prince Edward Island’s minimum wage to $15 by the end of the year comes into effect on Sunday. A news release from the province’s Department of Economic Growth says minimum wage is set to increase by 80 cents to $14.50 on Jan. 1, and will ... Read More »
Be the first to comment!Champagne’s Rogers-Shaw decision to come ‘only after’ there’s clarity in legal battle
By The Canadian Press on December 31st, 2022
Canada’s Industry Minister says he will render his decision on Rogers Communications Inc.’s proposed $26-billion purchase of Shaw Communications Inc. only after there is clarity in the ongoing legal battle. The Saturday statement from Francois-Philippe Champagne comes days after the Competition Tribunal dismissed an application from Canada’s competition watchdog seeking to block the takeover, a ... Read More »
Be the first to comment!S&P/TSX composite down 101 points on last trading day of 2022, U.S. markets also down
By The Canadian Press on December 30th, 2022
TORONTO – Canada’s main stock index slipped just over 100 points on the last day of trading in 2022, with mixed results across sectors, while U.S. markets were only slightly down after reversing early-afternoon lows. The S&P/TSX composite index was down 100.97 points at 19,384.92. In New York, the Dow Jones industrial average was down ... Read More »
1 responseRogers, Shaw disappointed by Competition Bureau appealing Tribunal decision
By The Canadian Press on December 30th, 2022
OTTAWA – The Competition Bureau is appealing the Competition Tribunal’s dismissal of its case against Rogers Communications Inc.’s $26-billion takeover of Shaw Communications Inc., the companies said as they expressed their disappointment in the move. The telecom companies said Friday that they were informed of the bureau’s intent to appeal the Tribunal’s decision, released late ... Read More »
Be the first to comment!Next Bank of Canada governor would stay focused on fighting inflation: Poilievre
By The Canadian Press on December 30th, 2022
OTTAWA – Conservative Leader Pierre Poilievre says his choice for Bank of Canada governor would be someone focused entirely on keeping annual inflation at its two per cent target. Poilievre is standing by the promise he made during the leadership campaign to fire current central bank governor Tiff Macklem, should the Conservative leader become prime ... Read More »
Be the first to comment!S&P/TSX composite down in morning trading despite telecom boost, US markets also down
By The Canadian Press on December 30th, 2022
TORONTO – Canada’s main stock index was down in late-morning trading, with mild losses in most sectors partially offset by gains in telecom on news that the Competition Tribunal has dismissed a challenge to Rogers Communications Inc.’s takeover of Shaw Communications Inc., while U.S. markets were also down. The S&P/TSX composite index was down 65.07 ... Read More »
Be the first to comment!Rogers, Shaw welcome Tribunal’s clearing of merger path, extend closing
By The Canadian Press on December 30th, 2022
OTTAWA – Rogers Communications Inc. and Shaw Communications Inc. say they welcome the Competition Tribunal’s dismissal of an effort by the Competition Bureau to block their $26-billion merger as they extended the closing date by a month. The Competition Tribunal issued a notice late Thursday that it had determined the merger was not likely to ... Read More »
Be the first to comment!Trump’s tax returns released after long fight with Congress
By Michael R. Sisak And Jill Colvin, The Associated Press on December 30th, 2022
Democrats in Congress released six years’ worth of former President Donald Trump’s tax returns on Friday, the culmination of a yearslong effort to learn about the finances of a onetime business mogul who broke decades of political norms when he refused to voluntarily release the information as he sought the White House. The returns, which ... Read More »
Be the first to comment!Competition Bureau ‘disappointed’ after Tribunal clears path for Rogers-Shaw merger
By The Canadian Press on December 30th, 2022
OTTAWA – The Competition Tribunal has dismissed an application from Canada’s competition watchdog to block Rogers Communications Inc.’s proposed $26-billion purchase of Shaw Communications Inc., clearing a path for the deal to go ahead. The Competition Bureau Canada has argued that the merger of the two telecommunications companies would lessen competition in the telecom market, ... Read More »
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