Business
Montreal home sales for November drop to levels not seen since 2014
By The Canadian Press on December 5th, 2022
MONTREAL – The Quebec Professional Association of Real Estate Brokers says November home sales in Montreal dropped to a level not seen since 2014 as rising interest rates lowered activity and drove up inventory. Sales for the month totalled 2,716, a 38 per cent drop from a year earlier for the largest November drop since ... Read More »
Be the first to comment!Former CannTrust compliance worker says unlicensed growing ‘very openly’ discussed
By The Canadian Press on December 5th, 2022
TORONTO – A former director of quality and compliance at CannTrust Holdings Inc. says the growth of cannabis in unlicensed rooms was discussed “very openly” at the pot company. Graham Lee told the Ontario court of justice’s Old City Hall court that the activity was not hidden or denied and was discussed on multiple occasions, ... Read More »
Be the first to comment!B.C. property assessments higher, but market has changed: assessor
By The Canadian Press on December 5th, 2022
VANCOUVER – British Columbia’s property assessment agency is warning homeowners that figures released next month estimating the value of their home will likely be higher than the current market price. BC Assessment says in a statement that most owners can expect to see a five to 15 per cent rise in values when notices are ... Read More »
1 responseCanada ‘watching closely’ as U.S. pressed to fix Inflation Reduction Act ‘glitches’
By The Canadian Press on December 5th, 2022
WASHINGTON – Prime Minister Justin Trudeau says Canada is “watching closely” as Europe presses for changes to the U.S. Inflation Reduction Act. President Joe Biden last week acknowledged “glitches” in the law – the very components that brought Canada’s auto sector under its protectionist umbrella. The bill, signed into law in August, expressly made electric ... Read More »
1 responseWestJet announces new flights to Tokyo, Barcelona, and Edinburgh
By The Canadian Press on December 5th, 2022
CALGARY – WestJet plans to offer flights to Japan starting this spring, marking the airline’s first non-stop flights to Asia from Calgary. The Calgary-based airline said Monday that it will fly to Tokyo’s Narita International Airport from Calgary this spring. The non-stop flights will operate three times weekly beginning April 30. The airline also announced ... Read More »
1 responseStocks open lower on Wall Street, crude oil prices climb
By Elaine Kurtenbach And Matt Ott, The Associated Press on December 5th, 2022
NEW YORK (AP) – Stocks are opening lower on Wall Street, with the exception of energy companies, which rose along with the price of oil. Crude prices were up almost 3% early Monday after a group of world leaders agreed to a boycott of most Russian oil and China loosened some COVID restrictions. The S&P ... Read More »
1 responseAltaGas raising quarterly dividend six per cent to 28 cents per share
By The Canadian Press on December 5th, 2022
CALGARY – AltaGas Ltd. is raising its dividend by six per cent. The energy infrastructure company says it will pay a quarterly dividend of 28 cents per share, up from 26.5 cents per share. The increased payment to shareholders came as AltaGas says it expects normalized earnings per share of $1.85 to $2.05 in 2023. ... Read More »
1 responseRussian oil price cap, EU ban aim to limit Kremlin war chest
By David Mchugh, The Associated Press on December 5th, 2022
FRANKFURT, Germany (AP) – Oil prices rose Monday as the first strong measures to limit Russia’s oil profits over the war in Ukraine took effect, bringing with them uncertainty about how much crude could be lost to the global economy through the new sanctions or Russian retaliation. International benchmark Brent crude rose 2% to $87.30 ... Read More »
Be the first to comment!Canadian families will pay $1,065 more for groceries in 2023, report says
By Brett Bundale, The Canadian Press on December 5th, 2022
HALIFAX – Canadians won’t escape food inflation any time soon. Food prices in Canada will continue to escalate in the new year, with grocery costs forecast to rise up to seven per cent in 2023, new research predicts. For a family of four, the total annual grocery bill is expected to be $16,288 – $1,065 ... Read More »
Be the first to comment!Outgoing CEO Al Monaco says Enbridge ‘poster child’ for an orderly energy transition
By Amanda Stephenson, The Canadian Press on December 5th, 2022
CALGARY – Al Monaco may be the outgoing CEO of Canada’s largest energy company, but don’t ask him to predict the price of oil a decade from now – or even next year. “Anyone that says they can forecast energy markets is blowing smoke,” the 63-year-old chief executive of Enbridge Inc. said in an interview ... Read More »
Be the first to comment!As Musk is learning, content moderation is a messy job
By David Klepper And Matt O'brien, The Associated Press on December 4th, 2022
Now that he’s back on Twitter, neo-Nazi Andrew Anglin wants somebody to explain the rules. Anglin, the founder of an infamous neo-Nazi website, was reinstated Thursday, one of many previously banned users to benefit from an amnesty granted by Twitter’s new owner Elon Musk. The next day, Musk banished Ye, the rapper formerly known as ... Read More »
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