Business
Dollarama reports third-quarter profit and sales up from year ago
By The Canadian Press on December 7th, 2022
MONTREAL – Dollarama Inc. reported its third-quarter profit and sales rose compared with a year ago and raised its comparable-store sales growth guidance. The retailer says it earned $201.6 million or 70 cents per diluted share for the 13-week period ended Oct. 30 compared with a profit of $183.4 million or 61 cents per share ... Read More »
Be the first to comment!China’s Xi to visit Saudi Arabia to cement Gulf Arab ties
By Jon Gambrell, The Associated Press on December 7th, 2022
DUBAI, United Arab Emirates (AP) – Chinese leader Xi Jinping will arrive in Saudi Arabia on Wednesday to attend meetings with oil-rich Gulf Arab nations crucial to his country’s energy supplies as Beijing tries to revive an economy battered by its strict coronavirus measures. Saudi and Chinese flags flew Wednesday in Riyadh, the Saudi capital, ... Read More »
Be the first to comment!World stocks lower as China scales back many COVID curbs
By Elaine Kurtenbach, The Associated Press on December 7th, 2022
World shares slipped on Wednesday, with Hong Kong’s benchmark down more than 3%, even as Beijing announced it was scaling back its “zero-COVID” policies. U.S. futures and oil prices also dropped. The declines followed a retreat on Wall Street, driven by fears the Federal Reserve will need to keep the brakes on the U.S. economy ... Read More »
Be the first to comment!Making ‘indie’ video games gets trickier as industry evolves
By Matt O'brien, The Associated Press on December 7th, 2022
Video game developer Ben Esposito’s first big break was a quirky game called Donut County starring a raccoon who dropped small objects and then entire neighborhoods into an ever-growing hole in the ground. His latest, Neon White, is a campy twist on the first-person shooter genre that involves careening across heaven at breakneck speeds to ... Read More »
Be the first to comment!China eases anti-COVID measures following protests
By Joe Mcdonald, The Associated Press on December 7th, 2022
BEIJING (AP) – China rolled back rules on isolating people with COVID-19 and dropped virus test requirements for some public places Wednesday in a dramatic change to a strategy that confined millions of people to their homes and sparked protests and demands for President Xi Jinping to resign. China has enforced some of the world’s ... Read More »
Be the first to comment!Bank of Canada to announce interest rate decision this morning
By The Canadian Press on December 7th, 2022
OTTAWA – The Bank of Canada is expected to raise its key interest rate today, making it the seventh consecutive time it does so this year. The central bank will publish its rate decision at 10 a.m. accompanied by a news release that will provide insight into the reasons behind the governing council’s decision. Forecasters ... Read More »
Be the first to comment!Asia stocks lower as China scales back many COVID curbs
By Elaine Kurtenbach, The Associated Press on December 7th, 2022
Shares fell in Asia on Wednesday with Hong Kong’s benchmark down more than 2% even as Beijing announced it was drastically scaling back its “zero-COVID” policies, shifting away from trying to isolate every single case. The Hang Seng index in Hong Kong fell 2.5% to 18,949.24 and the Shanghai Composite index was down 0.4% at ... Read More »
Be the first to comment!China announces roll-back of strict anti-COVID-19 measures
By The Associated Press on December 6th, 2022
BEIJING (AP) – In a sharp reversal, China has announced a series of measures rolling back some of the most draconian anti-COVID-19 restrictions. The Wednesday announcement includes limiting the scale of lockdown to individual apartment floors and buildings, rather than entire districts and neighborhoods. People who test positive for the virus will be able to ... Read More »
1 responseCourt upholds all but one rule on airline compensation for passengers
By Caitlin Yardley, The Canadian Press on December 6th, 2022
The rules that bolster compensation for air passengers subjected to delayed flights and damaged luggage have been largely upheld in a Federal Court of Appeal ruling. The court on Tuesday dismissed the appeal that challenged the validity of the passenger bill of rights, with the exception of one regulation that applies to the temporary loss ... Read More »
1 responseA list of some of the air passenger protections upheld by Tuesday’s court ruling
By The Canadian Press on December 6th, 2022
A court ruling has largely upheld the validity of Canada’s air passenger bill of rights, which was introduced by the Canadian Transportation Agency in 2019. Here are some of the passenger rights that the CTA regulations protect, and that were upheld by the federal court of appeal Tuesday: Compensation for delays and cancellations: Airlines must ... Read More »
1 responseMaryland bans TikTok in state agencies, latest state to act
By Brian Witte, Scott Bauer And James Pollard, The Associated Press on December 6th, 2022
ANNAPOLIS, Maryland (AP) – Maryland is banning the use of TikTok and certain China and Russia-based platforms in the state’s executive branch of government, Gov. Larry Hogan said Tuesday, the latest state to address cybersecurity risks presented by the platforms. The Republican governor announced an emergency cybersecurity directive to prohibit the platforms’ use, saying they ... Read More »
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