Business
Nova Scotia government announces $115 million in inflation-relief measures
By The Canadian Press on December 14th, 2022
HALIFAX – Nova Scotia has announced $115.4 million in new funding to help low- and middle-income earners with inflation. Premier Tim Houston says the bulk of the one-time funding – $100 million – will go to the province’s heating assistance rebate program. He says the new money will increase the home heating rebate this winter ... Read More »
1 responseNational average rent was over a record $2,000 in November says Rentals.ca
By The Canadian Press on December 14th, 2022
TORONTO – New data shows that the average monthly cost to rent a home in Canada rose to a record $2,024 in November, and experts say the trend does not show signs of stopping soon. The National Rental Report published Tuesday shows average rent across the country was at an all-time high in November, up ... Read More »
1 responseS&P/TSX composite up in late-morning trading, U.S. stock markets also rise
By The Canadian Press on December 14th, 2022
TORONTO – Canada’s main stock index was up in late-morning trading as strength in the technology sector helped lead a broad-based gain, while U.S. stock markets were also higher. The S&P/TSX composite index up 40.34 points at 20,063.80. In New York, the Dow Jones industrial average was up 200.11 points at 34,308.75. The S&P 500 ... Read More »
Be the first to comment!OSC says no reasonable prospect of conviction in CannTrust case
By The Canadian Press on December 14th, 2022
TORONTO – The Ontario Securities Commission says it no longer has a reasonable prospect of conviction against three former cannabis company leaders linked to securities offenses at CannTrust Holdings Inc. The regulator had alleged the former executives committed securities offenses by not disclosing to investors that about 50 per cent of the growing space at ... Read More »
Be the first to comment!CP NewsAlert: OSC says no reasonable prospect of conviction in CannTrust case
By The Canadian Press on December 14th, 2022
TORONTO – The Ontario Securities Commission says it no longer has a reasonable prospect of conviction against three former cannabis company leaders linked to securities offenses at CannTrust Holdings Inc. More coming... Read More »
Be the first to comment!HSBC updates climate policy to stop funding new oil and gas
By The Associated Press on December 14th, 2022
LONDON (AP) – Europe’s biggest bank HSBC announced Wednesday it will no longer finance new oil and gas fields as part of its updated climate strategy. Climate campaigners welcomed the moved saying HSBC provided a new baseline for other major banks but urged the bank to go further. The bank said it would still provide ... Read More »
Be the first to comment!Stocks edge higher ahead of last Fed meeting of the year
By Elaine Kurtenbach And Matt Ott, The Associated Press on December 14th, 2022
NEW YORK (AP) – Stocks are opening slightly higher on Wall Street as markets hold on to hope that the U.S. Federal Reserve is ready to ease back slightly on its campaign to slow the economy with high interest rates. The Fed’s latest decision on rates is due out later Wednesday. It’s widely expected to ... Read More »
Be the first to comment!Statistics Canada says manufacturing sales up 2.8 per cent at $72.6B in October
By The Canadian Press on December 14th, 2022
OTTAWA – Statistics Canada says manufacturing sales rose 2.8 per cent to $72.6 billion in October as higher prices helped boost petroleum and coal industry sales. The agency says sales were up in 12 of the 21 industries it tracks, led by a 12.7 per cent gain for petroleum and coal industry sales, which totalled ... Read More »
Be the first to comment!New poll finds Canadians not using all vacation, working extra hours before holidays
By The Canadian Press on December 14th, 2022
TORONTO – A new survey suggests many Canadians don’t plan on using all their vacation before the end of the year. The poll, conducted by Maru Public Opinion for ADP Canada, found 29 per cent of respondents say they’ll take all their vacation time in 2022. While it’s an improvement from 2021, when 27 per ... Read More »
Be the first to comment!World shares mixed ahead of Fed rate hike decision
By Elaine Kurtenbach, The Associated Press on December 14th, 2022
BANGKOK (AP) – World shares are mixed ahead of a decision by the Federal Reserve on its final interest rate hike for the year. London, Paris and Frankfurt declined while shares in Asia were higher. U.S. futures edged lower and oil prices also fell. A 7.1% U.S. consumer price index reading for November has raised ... Read More »
Be the first to comment!Closing arguments to continue in Rogers-Shaw case before Competition Tribunal
By The Canadian Press on December 14th, 2022
OTTAWA – Closing arguments are expected to continue before the Competition Tribunal today, as the organization weighs whether the $26-billion merger of Rogers Communications Inc. and Shaw Communications Inc. should be blocked. The oral arguments, which began Tuesday, are expected to be the hearing’s final step before Federal Court Chief Justice Paul Crampton mulls the ... Read More »
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