Business
S&P/TSX composite ends down more than 250 points, U.S. stock markets also down
By The Canadian Press on December 6th, 2022
TORONTO – Canada’s main stock index closed down more than 250 points in broad losses led by energy and technology over interest rate concerns and a drop in crude prices, while U.S. stock markets were also in the red. The S&P/TSX composite index closed down 252.09 points at 1,990.17. In New York, the Dow Jones ... Read More »
Be the first to comment!Stocks fall again on Wall Street, extending recent losses
By Damian J. Troise And Alex Veiga, The Associated Press on December 6th, 2022
NEW YORK – Stocks fell again on Wall Street, extending the markets recent string of losses. Investors are worried that the Federal Reserve will need to keep applying the brakes to the economy in order to get inflation under control, raising the risk of a sharp recession. The S&P 500 fell 1.4% Tuesday, its fourth ... Read More »
1 responseTrump Organization convicted in executive tax dodge scheme
By Michael R. Sisak, The Associated Press on December 6th, 2022
NEW YORK (AP) – Donald Trump’s company was convicted of tax fraud on Tuesday in a case brought by the Manhattan District Attorney, a significant repudiation of financial practices at the former president’s business. The guilty verdict came on the second day of deliberations following a trial in which the Trump Organization was accused of ... Read More »
Be the first to comment!Court upholds all but one rule on airline compensation
By Caitlin Yardley, The Canadian Press on December 6th, 2022
The federal court of appeal ruled to largely uphold the rules that bolster compensation for air passengers subjected to delayed flights and damaged luggage. 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 of baggage. ... Read More »
Be the first to comment!Maryland governor bans TikTok in state government
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, citing an unacceptable cybersecurity risk to the state. The Republican governor announced an emergency cybersecurity directive to prohibit to prohibit the use of the platforms, saying ... Read More »
1 responseFederal Court of Appeal upholds all but one rule on airline compensation
By The Canadian Press on December 6th, 2022
OTTAWA – The federal court of appeal says it will uphold all but one ofthe rules that bolster compensation for air passengers subjected to delayed flights and damaged luggage. 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 ... Read More »
1 responseCenovus Energy to boost oil production in 2023
By Amanda Stephenson, The Canadian Press on December 6th, 2022
CALGARY – Cenovus Energy Inc. will boost production in 2023 to meet what it believes will be continued strong global demand for oil in the year ahead. The Calgary-based oil and gas company released its 2023 budget Tuesday, saying it anticipates capital spending of between $4.0 billion and $4.5 billion in 2023. That amount includes ... Read More »
1 responseOil spill smears coast in Venezuelan tourist hotspot
By The Associated Press on December 6th, 2022
CARACAS, Venezuela (AP) – An oil spill has polluted more than 2.5 miles (4 kilometers) of coastline at the city of LecherÃa, one of Venezuela’s top tourist destinations, the city’s mayor said Tuesday. Mayor Manuel Ferreira called it a “catastrophic scene.” “The authorities in the area of oil production have not given us information, but ... Read More »
1 responseWSP Global buying Swiss engineering consulting firm BG Bonnard & Gardel Holding SA
By The Canadian Press on December 6th, 2022
MONTREAL – WSP Global Inc. says it has signed a deal to buy BG Bonnard & Gardel Holding SA, a Swiss engineering consulting firm. Financial terms of the agreement were not immediately available. BG is based in Lausanne, Switzerland, and offers consulting, engineering, and project management services in the infrastructure, building, water, environment, and energy ... Read More »
Be the first to comment!Canadians look to side hustles to make up for inflation pressure, but at what cost?
By Caitlin Yardley, The Canadian Press on December 6th, 2022
MONTREAL – Canadians’ budgets are being stretched thin as the cost of living climbs – and to compensate, some are taking on a side hustle. From reselling used items or dog walking to taking shifts driving for delivery services and acting as a brand ambassador, there are plenty of ways to earn some extra cash. ... Read More »
Be the first to comment!Housing market decline continues as Toronto home sales drop 49 per cent from year ago
By The Canadian Press on December 6th, 2022
TORONTO – Canada’s housing market is continuing to slow as home sales in some the country’s biggest cities retreated in November. The Toronto Regional Real Estate board (TRREB) said Tuesday that November home sales activity was down by about half from last year, following a similar trend seen in recent months. November’s 49 per cent ... Read More »
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