Business
S&P/TSX composite suffers triple-digit losses as December decline continues
By The Canadian Press on December 19th, 2022
TORONTO – North American stock markets suffered broad-based declines Monday, continuing the downward momentum that’s been the story for equities since the start of December. The S&P/TSX composite index was down 242.52 points at 19,200.76. In New York, the Dow Jones industrial average was down 162.92 points at 32,757.54. The S&P 500 index was down ... Read More »
1 responseFTX founder agrees to extradition to US, attorney says
By Associated Press, The Associated Press on December 19th, 2022
Sam Bankman-Fried may be ready to come to the U.S. to face criminal charges related to the collapse of cryptocurrency exchange FTX following a chaotic court appearance in the Bahamas on Monday. A lawyer for Bankman-Fried was quoted as saying Monday that the disgraced FTX founder has agreed to be extradited to the United States. ... Read More »
1 responseWall Street loses more ground, extending a losing streak
By Damian J. Troise And Alex Veiga, The Associated Press on December 19th, 2022
NEW YORK – Stocks closed lower on Wall Street as investors brace for higher interest rates from central banks to fight inflation. The S&P 500 lost 0.9% Monday, the tech-heavy Nasdaq composite lost 1.5% and the Dow Jones Industrial Average fell 0.5%. Major indexes are coming off two weeks of losses. Facebook’s parent company sà nk ... Read More »
1 responseElon Musk Twitter poll ends with users seeking his departure
By Matt O'brien, Kelvin Chan And Tom Krisher, The Associated Press on December 19th, 2022
Millions of Twitter users asked Elon Musk to step down as the head of Twitter in a poll the billionaire created and promised to abide by. But Monday afternoon there was no word on whether Musk would step aside or who the new leader might be. Twitter has grown more chaotic and confusing under Musk’s ... Read More »
1 responsePorter looks to attract a new customer base with countrywide route expansion
By The Canadian Press on December 19th, 2022
TORONTO – Porter Airlines has announced a series of route and frequency expansions in the hopes of filling the gap of a high-value economy experience across North America. Over the last two weeks, the Toronto-based airline has made a series of announcements for new flights to Vancouver, Ottawa and Montreal, Calgary and Edmonton from Toronto’s ... Read More »
1 responseFTX founder’s hearing adjourned at request of his lawyer
By Associated Press, The Associated Press on December 19th, 2022
Sam Bankman-Fried was headed back to jail Monday after a Bahamian judge cut short a hearing where the disgraced FTX founder was expected to drop his fight against extradition to the U.S. Local news outlets reported that Bankman-Fried’s attorney requested the adjournment because he hadn’t been properly consulted about the proceedings. Bankman-Fried was expected to ... Read More »
1 responseFoodtastic to buy Freshii chain as restaurant franchisor grows through acquisitions
By Brett Bundale, The Canadian Press on December 19th, 2022
Foodtastic Inc. has signed its second acquisition deal in a month as the restaurant franchisor pursues an ambitious plan to grow its portfolio and boost sales. The Montreal-based company behind brands like Second Cup, Pita Pit and Milestones said Monday it has signed a deal to buy healthy fast food chain Freshii Inc. for $74.4 ... Read More »
1 responseRoyal couple’s three-day visit to Canada for Platinum Jubilee cost at least $1M
By Stephanie Taylor, The Canadian Press on December 19th, 2022
OTTAWA – Canadian taxpayers spent at least $1 million hosting King Charles III, who was then Prince of Wales, when he visited Canada earlier this year. The RCMP provided a breakdown of the nearly $450,000 in costs it incurred for the three-day visit this past May by Charles and Camilla, the Queen Consort, who was ... Read More »
1 responseRoyal couple’s visit to Canada for Platinum Jubilee cost RCMP nearly $450K
By The Canadian Press on December 19th, 2022
OTTAWA – The RCMP say the visit to Canada by King Charles III, who was then Prince of Wales, earlier this year cost the federal police force nearly $450,000. The Mounties provided a breakdown of the costs it incurred for his three-day visit this past May, where he was accompanied by Camilla, the Queen Consort, ... Read More »
Be the first to comment!S&P/TSX composite down 100 points, U.S. stock markets also trade lower
By The Canadian Press on December 19th, 2022
TORONTO – Canada’s main stock index was down 100 points in late-morning trading as losses in the technology and base metal sectors helped lead a broad-based decline, while U.S. stock markets also pulled back. The S&P/TSX composite index was down 100.17 points at 19,343.11. In New York, the Dow Jones industrial average was down 12.64 ... Read More »
Be the first to comment!Pre-paying for meals and fewer days open among changes in restaurant rebirth scene
By Cassandra Szklarski, The Canadian Press on December 19th, 2022
TORONTO – Since netting a Michelin star earlier this year, Vancouver’s Québécois-themed bistro St. Lawrence has been especially busy, with its chef crediting robust bookings to the confluence of extra buzz and the annual crush of holiday revellers. In order to manage the flood of reservations, restaurateur J-C Poirier says bookings are capped at one ... Read More »
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