Business
Competition Tribunal clears path for Rogers-Shaw merger
By The Canadian Press on December 29th, 2022
OTTAWA – The Competition Tribunal has dismissed an application from Canada’s competition watchdog seeking to block Rogers Communications Inc.’s proposed $26-billion purchase of Shaw Communications Inc., clearing a path for the deal to go ahead. It still requires approval from Innovation, Science and Economic Development Canada. In a summary of its decision released Thursday, the ... Read More »
Be the first to comment!Canadian Press NewsAlert: Tribunal clears path for Rogers-Shaw merger
By The Canadian Press on December 29th, 2022
OTTAWA – The Competition Tribunal has dismissed an application from Canada’s competition watchdog, clearing the way for Rogers Communications Inc.’s proposed $26-billion purchase of Shaw Communications Inc. The deal still requires approval from Innovation, Science and Economic Development Canada. –More coming&#... Read More »
Be the first to comment!S&P/TSX composite up 200 points, U.S. markets also rise with Nasdaq up 2.6 per cent
By The Canadian Press on December 29th, 2022
TORONTO – Canada’s main stock index more than recovered Wednesday’s losses as it gained more than one per cent in trading Thursday, while U.S. markets also rebounded. The S&P/TSX composite index was up 201.79 points at 19,485.89. In New York, the Dow Jones industrial average was up 345.09 points, or 1.05 per cent, at 33,220.80. ... Read More »
Be the first to comment!TC Energy restarts Keystone pipeline extension after oil leak repairs
By The Canadian Press on December 29th, 2022
CALGARY – TC Energy Corp. says it has restarted the southern extension of its Keystone pipeline after repairing a Dec. 7 leak that led to the worst oil spill in the pipeline’s history. The Calgary-based company says it will operate the pipeline under plans approved by U.S. regulators, including additional safety measures such as reduced ... Read More »
Be the first to comment!Southwest nosedive continues: 2,300 more canceled flights
By Associated Press, The Associated Press on December 29th, 2022
DALLAS (AP) – Southwest Airlines said it expects to return to normal operations Friday after slashing about two-thirds of its schedule in recent days, including canceling another 2,350 flights Thursday. Southwest is struggling to recover after being overwhelmed by a winter storm that left hundreds of pilots and flight attendants stranded out of position to ... Read More »
Be the first to comment!Sunwing still working to bring stranded passengers home from Mexico
By The Canadian Press on December 29th, 2022
TORONTO – Sunwing Vacations Inc. says it is sending out dozens of recovery flights this week to bring home passengers stranded in Mexico after winter storms disrupted its operations. Airline president Len Corrado says in a statement that the airline continues to “navigate unprecedented operational challenges” and deeply apologizes for how the delays have affected ... Read More »
Be the first to comment!Small business outlook for year improves slightly, still shows recession fears: CFIB
By The Canadian Press on December 29th, 2022
TORONTO – The Canadian Federation of Independent Business says the outlook among entrepreneurs for the 12 months ahead improved slightly from last month but remains quite low. The group says its latest survey found its small business confidence indicator registered 50.9 index points in December, up 0.9 points over last month. It says that while ... Read More »
Be the first to comment!Competition Bureau approves sale of Resolute Forest Products to Domtar Corp.
By The Canadian Press on December 29th, 2022
The Competition Bureau has approved the acquisition of Resolute Forest Products Inc. by Domtar Corp., a wholly-owned subsidiary of the Paper Excellence Group. The bureau says it has entered into a consent agreement with Domtar to address competition concerns stemming from the acquisition, which values the company at US$2.7 billion. The bureau says it concluded ... Read More »
Be the first to comment!‘Death by a thousand cuts’: How to take stock of your subscriptions
By Rosa Saba, The Canadian Press on December 29th, 2022
As 2022 comes to a close and the cost of living continues to climb, many Canadians are looking for ways to cut back on spending – and some are looking to trim down on subscriptions. But with subscription services offered in almost every category these days, it can be hard to keep track of exactly ... Read More »
Be the first to comment!Suncor says extreme weather and fires forced shutdown of Colorado refinery
By The Canadian Press on December 29th, 2022
CALGARY – Suncor Energy Inc. says its Colorado refinery is offline following mutliple fires and it expects it to be out of commission until late March. The company says the 98,000-barrel-a-day Commerce City refinery was damaged by the extreme and record-setting weather that swept across large parts of the continent, leading it to initiate a ... Read More »
Be the first to comment!Applications for US unemployment aid rose slightly last week
By Christopher Rugaber, The Associated Press on December 29th, 2022
WASHINGTON (AP) – The number of people seeking unemployment benefits rose only slightly last week with the labor market remaining strong despite the Federal Reserve’s efforts to cool the economy and hiring. Applications for unemployment aid for the week ending Dec. 24 climbed 9,000 to 225,000, the Labor Department reported Thursday. The four-week moving average ... Read More »
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