Business
Competitors chip away at Tesla’s U.S. electric vehicle share
By Tom Krisher, The Associated Press on November 29th, 2022
DETROIT (AP) – New electric vehicle models from multiple automakers are starting to chip away at Tesla’s dominance of the U.S. EV market, according to national vehicle registration data. But numbers collected by S&P Global Mobility show that Tesla still controlled about 65% of the growing electric vehicle market during the first nine months of ... Read More »
1 responseCanadians relied on credit more in Q3 as inflation persisted
By The Canadian Press on November 29th, 2022
TORONTO – New data from TransUnion shows Canadians leaned on credit cards and other forms of debt more in the third quarter as high inflation persisted. TransUnion says 27.9 million Canadians held a combined outstanding balance of $2.29 trillion on active credit products during the third quarter of 2022, up 7.9 per cent from last ... Read More »
Be the first to comment!Survivor of Virginia Walmart mass shooting files $50M suit
By Ben Finley, The Associated Press on November 29th, 2022
NOROLK, Va. (AP) – A Walmart employee who survived last week’s mass shooting at a store in Virginia has filed a $50 million lawsuit against the company for allegedly continuing to employ the shooter – a store supervisor – “who had known propensities for violence, threats and strange behavior.” The lawsuit, which appears to be ... Read More »
1 responseEconomists see underlying signs of weakening in third quarter GDP numbers
By Nojoud Al Mallees, The Canadian Press on November 29th, 2022
OTTAWA – Canada saw stronger than expected economic growth in the third quarter, but economists warn the underlying numbers don’t paint such a positive picture. Statistics Canada said Tuesday the economy grew at an annualized rate of 2.9 per cent between July and September. That compares with 3.2 per cent growth in the second quarter. ... Read More »
Be the first to comment!Scotiabank reports Q4 profit down as one-time charges offset global banking growth
By Ian Bickis, The Canadian Press on November 29th, 2022
TORONTO – Scotiabank kicked off bank earnings with results that showed earnings growth in its international banking division, though overall results were weighed down by about $500 million in one-time charges. The bank reported fourth-quarter net income of $2.09 billion, down from $2.56 billion in the same quarter last year as it made several adjustments, ... Read More »
Be the first to comment!China ready for ‘closer partnership’ with Russia in energy
By The Associated Press on November 29th, 2022
BEIJING (AP) – China is ready to “forge closer partnership” with Russia in energy, a state news agency quoted President Xi Jinping as saying in a letter Tuesday, potentially expanding ties that irk Washington by helping the Kremlin resist sanctions over its war on Ukraine. The announcement gave no details. It said Xi made the ... Read More »
1 responseS&P/TSX composite creeps higher as commodity prices rise, U.S. stocks down
By The Canadian Press on November 29th, 2022
TORONTO – Strength in the energy and base metal sectors helped Canada’s main stock index creep higher as commodity prices rose, while U.S. stock markets were down in late-morning trading. The S&P/TSX composite index was up 17.18 points at 20,237.67. In New York, the Dow Jones industrial average was down 169.16 points at 33,680.30. The ... Read More »
2 responsesSaskatchewan’s bottom line remains stable, government posts a $1.1B surplus
By The Canadian Press on November 29th, 2022
REGINA – Saskatchewan’s bank account remains relatively unchanged while its bottom line continues to be affected by Russia’s invasion of Ukraine, global supply shortages and rising inflation. The province is reporting a $1.1 billion surplus in its mid-year financial update, an increase of over $50 million from last quarter. The government says the province brought ... Read More »
Be the first to comment!Bombardier says NetJets places firm order for four Global 8000 aircraft
By The Canadian Press on November 29th, 2022
MONTREAL – Bombardier says NetJets has placed a firm order for four Global 8000 aircraft and will be the fleet launch customer for the jets. The order is valued at US$312 million based on list prices. Bombardier says NetJets will operate a fleet of 24 Global 8000 aircraft, which includes the new firm order, eight ... Read More »
Be the first to comment!From mutual aid to donating time, how young Canadians are giving back differently
By Caitlin Yardley, The Canadian Press on November 29th, 2022
MONTREAL – Instead of donating money to charity, Noémie Sauvé gives back to her community in a different way. “As young people, we don’t necessarily have the funds to give monthly donations but we’re more prone to giving our time,” the 23-year-old medical student said. Sauvé has been involved with Helping Hands, a McGill University ... Read More »
Be the first to comment!Apple Music reveals top music in 2022 and listener charts
By Mark Kennedy, The Associated Press on November 29th, 2022
NEW YORK (AP) – “Stay,” the smash hit by The Kid Laroi and Justin Bieber topped Apple Music’s global song chart in 2022 as the giant music streamer released its end-of-year lists and provided listeners with data on their own most listened-to tunes. “Stay,” which stayed atop the Billboard Hot 100 for seven weeks this ... Read More »
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