Business
Statistics Canada says household debt-to-income ratio climbed higher in third quarter
By The Canadian Press on December 12th, 2022
OTTAWA – Statistics Canada says the amount Canadian households owe relative to their income rose in the third quarter. The agency says household credit market debt as a proportion of household disposable income increased to 183.3 per cent on a seasonally adjusted basis in the third quarter compared with 182.6 per cent in the second ... Read More »
Be the first to comment!Pembina signs deal to sell stake in Key Access Pipeline System
By The Canadian Press on December 12th, 2022
CALGARY – Pembina Pipeline Corp. has signed a deal to sell Pembina Gas Infrastructure’s 50 per cent interest in the Key Access Pipeline System to private equity firm Stonepeak Partners LP for $662.5 million. Pembina Gas Infrastructure is 60 per cent owned by Pembina and 40 per cent by KKR’s global infrastructure fund. The deal ... Read More »
Be the first to comment!Twitter relaunching subscriber service after debacle
By The Associated Press on December 12th, 2022
NEW YORK (AP) – Twitter is once again attempting to launch its premium service, a month after a previous attempt failed. The social media company said Saturday it would let users buy subscriptions to Twitter Blue to get a blue checkmark and access special features starting Monday. The blue checkmark was originally given to companies, ... Read More »
1 responseWorld markets extend Wall St losses; China COVID cases rise
By Elaine Kurtenbach, The Associated Press on December 12th, 2022
BANGKOK (AP) – World shares fell Monday after last week’s decline on Wall Street, while signs of a s urge in coronavirus infections in China suggested progress may be uneven as it rolls back its “zero-COVID” pandemic restrictions. Attention was turning to an update on U.S. consumer prices and the Federal Reserve’s last meeting of ... Read More »
1 responseBank of Canada Governor Tiff Macklem to make year-end speech today
By The Canadian Press on December 12th, 2022
Bank of Canada Governor Tiff Macklem is expected to make an end of the year speech this afternoon. The remarks come after the central bank hiked its key interest rate by half a percentage point on Wednesday, bringing it to 4.25 per cent ““ the highest it’s been since January 2008. Since March, the Bank ... Read More »
1 responseAsian markets extend Wall St losses; China COVID cases rise
By Elaine Kurtenbach, The Associated Press on December 11th, 2022
BANGKOK (AP) – Shares slipped in Asia on Monday after last week’s decline on Wall Street, while signs of a surge in coronavirus infections in China suggested progress may be bumpy as it rolls back its “zero-COVID” pandemic restrictions. Attention was turning to an update on U.S. consumer prices and the Federal Reserve’s last meeting ... Read More »
1 response‘It is your new normal’: Canada’s aging work force root of national labour shortage
By Amanda Stephenson, The Canadian Press on December 11th, 2022
CALGARY – When Dan Gallagher looks around his company, he sees a lot of retirement parties in his future. While it’s not something he formally tracks, the CEO of Mikisew Group – a Fort McMurray, Alta.-based company that specializes in oilsands site services, maintenance, logistics and construction – knows he’s got more employees approaching the ... Read More »
1 response”Opportunities to invest’: Experts say space business needs boost in Canada
By Bob Weber, The Canadian Press on December 11th, 2022
It’s hard to make things work in space, and even harder to make money there. With a long history in the space industry and a pocketful of healthy companies, Canadians are good at both. But industry executives and experts say the country needs a booster to maintain an advantage in a sector poised to, well, ... Read More »
1 responseGet tough with Canada over cross-border mining contaminants, First Nations tell U.S.
By James McCarten, The Canadian Press on December 11th, 2022
WASHINGTON – In a city of pinstripes and partisan power brokers, Mike Allison sticks out like a sore thumb. He’s in the wrong place – and he knows it. “I shouldn’t be here,” the denim-clad Indigenous elder suddenly says, fighting tears beneath the brim of his trademark cowboy hat. “I should be out on the ... Read More »
1 responseJapanese company’s lander rockets toward moon with UAE rover
By Marcia Dunn, The Associated Press on December 11th, 2022
CAPE CANAVERAL, Fla. (AP) – A Tokyo company aimed for the moon with its own private lander Sunday, blasting off atop a SpaceX rocket with the United Arab Emirates’ first lunar rover and a toylike robot from Japan that’s designed to roll around up there in the gray dust. It will take nearly five months ... Read More »
1 responseCleanup efforts continue at site of Keystone pipeline leak in U.S.
By The Canadian Press on December 9th, 2022
CALGARY – TC Energy Corp. says response crews remain on scene in Washington County, Kan., cleaning up after an oil spill from the company’s Keystone pipeline. Approximately 14,000 barrels of oil leaked from the pipeline Wednesday into a creek about 32 kilometres south of Steele City, Neb. TC Energy says the affected part of the ... Read More »
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