Business
Feds change pot drink regulations, allowing Canadians to buy more beverages at once
By Tara Deschamps, The Canadian Press on December 9th, 2022
OTTAWA – The federal government has approved a change in how the cannabis content of beverages is calculated, pushing the number of standard-sized, canned pot drinks that can be bought at once from five to 48. The change announced Friday and effective immediately makes one gram of dried cannabis equivalent to 570 grams of a ... Read More »
1 responsePot drink rule change allows Canadians to buy more beverages at once
By The Canadian Press on December 9th, 2022
OTTAWA – The federal government has approved a change in how the cannabis content of drinks is calculated, pushing the number of standard-sized, canned pot drinks that can be bought at once from five to 48. The change makes one gram of dried cannabis equivalent to 570 grams of a pot drink, an increase from ... Read More »
1 responseNorth American markets slip on U.S. inflation report
By The Canadian Press on December 9th, 2022
TORONTO – North American stock markets slipped Friday as a new report on U.S. inflation spooked investors. The S&P/TSX composite index was down 22.12 points at 19,947.07. In New York, the Dow Jones industrial average was down 305.02 points at 33,476.46. The S&P 500 index was down 29.13 points at 3,934.38, while the Nasdaq composite ... Read More »
1 responseWall Street falls as US inflation slows but remains hot
By Stan Choe And Alex Veiga, The Associated Press on December 9th, 2022
NEW YORK – Stocks are closing lower on Wall Street after a report showed inflation is slowing, though not by as much as hoped. The S&P 500 fell 0.7% Friday, marking its first losing week in the last three. The weakness came after the U.S. government reported that prices at the wholesale level were 7.4% ... Read More »
1 responseTurquoise Hill shareholders approve $4.24 billion Rio Tinto takeover deal
By The Canadian Press on December 9th, 2022
MONTREAL – Turquoise Hill Resources Ltd. shareholders have given their support to a $4.24 billion takeover offer by Rio Tinto Group. The Montreal-based mining company says 60.5 per cent of minority shareholders voted in favour of the deal and overall, the agreement got 87 per cent support. The arrangement required the approval of a little ... Read More »
Be the first to comment!S&P/TSX composite up in late-morning trading, boosted by gains in tech and metals
By The Canadian Press on December 9th, 2022
TORONTO – Canada’s main stock index edged up in late-morning trading on gains in the technology and metal sectors. The S&P/TSX composite index was up 61.39 points at 20,030.58. In New York, the Dow Jones industrial average was up 5.64 points at 33,787.12. The S&P 500 index was up 2.52 points at 3,966.03, while the ... Read More »
1 responseCIBC rolls out dividend reinvestment discount after regulator hikes capital minimums
By The Canadian Press on December 9th, 2022
TORONTO – CIBC says it is implementing a discount for shareholders who sign up for a dividend reinvestment plan. The announcement comes a day after the federal banking regulator increased the capital reserves banks need to keep on hand by half a percentage point. The Office of the Superintendent of Financial Institutions said it increased ... Read More »
1 responseMore than half of Canadians facing food budget constraints: Salvation Army poll
By The Canadian Press on December 9th, 2022
A new survey suggests the rising cost of living has forced more than half of Canadians to cut costs in myriad ways including by choosing cheaper, less healthy foods and skipping medications. The Salvation Army released the data today as part of its Christmas fundraising campaign. Research by Edelman Data & Intelligence suggests a growing ... Read More »
1 responseBoards should strive for 40% women, 30% diverse directors: report
By The Canadian Press on December 9th, 2022
TORONTO – A new report recommends Canada’s corporate boards should have at least 40 per cent women and 30 per cent members of underrepresented racial groups or identifying as Indigenous or with disabilities. The suggestion comes from Toronto Stock Exchange operator TMX Group Ltd. and the Institute of Corporate Directors, a not-for-profit offering leadership and ... Read More »
1 responseWall Street slips as inflation remains hotter than expected
By Elaine Kurtenbach And Matt Ott, The Associated Press on December 9th, 2022
NEW YORK (AP) – Stocks are slipping on Wall Street after a report showed inflation is still hotter than expected, even though it is slowing. The S&P 500 was 0.3% lower and on pace for its sixth loss in the last seven days. The trigger was data showing prices at the wholesale level were 7.4% ... Read More »
1 responseUS futures fall after hotter-than-expected inflation report
By Elaine Kurtenbach And Matt Ott, The Associated Press on December 9th, 2022
BANGKOK – U.S. futures took a U-turn early Friday after the government released its producer prices report showing that although inflation eased last month, it was still hot enough to likely keep the Federal Reserve on course for another big interest rate increase when it meets next week. Futures for the Dow and the S&P ... Read More »
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